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Obama Just Wrote an IOU in Your Name on Everything You Own

Written by Gary North on March 22, 2012

Private property? Only at Obama’s discretion.

He just signed an executive order. Congress can overturn it in 15 days. It won’t.

I choose not to comment. Here are highlights. For the full order, click the link at the end of the extracts.

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By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, as amended (50 U.S.C. App. 2061 et seq.), and section 301 of title 3, United States Code, and as Commander in Chief of the Armed Forces of the United States, it is hereby ordered as follows:


Section 101. Purpose. This order delegates authorities and addresses national defense resource policies and programs under the Defense Production Act of 1950, as amended (the “Act”). . . .

(c) be prepared, in the event of a potential threat to the security of the United States, to take actions necessary to ensure the availability of adequate resources and production capability, including services and critical technology, for national defense requirements;

(d) improve the efficiency and responsiveness of the domestic industrial base to support national defense requirements; and

(e) foster cooperation between the defense and commercial sectors for research and development and for acquisition of materials, services, components, and equipment to enhance industrial base efficiency and responsiveness. . . .

(1) the Secretary of Agriculture with respect to food resources, food resource facilities, livestock resources, veterinary resources, plant health resources, and the domestic distribution of farm equipment and commercial fertilizer;

(2) the Secretary of Energy with respect to all forms of energy;

(3) the Secretary of Health and Human Services with respect to health resources;

(4) the Secretary of Transportation with respect to all forms of civil transportation;

(5) the Secretary of Defense with respect to water resources; and

(6) the Secretary of Commerce with respect to all other materials, services, and facilities, including construction materials.

(b) The Secretary of each agency delegated authority under subsection (a) of this section (resource departments) shall plan for and issue regulations to prioritize and allocate resources and establish standards and procedures by which the authority shall be used to promote the national defense, under both emergency and non-emergency conditions. Each Secretary shall authorize the heads of other agencies, as appropriate, to place priority ratings on contracts and orders for materials, services, and facilities needed in support of programs approved under section 202 of this order. . . .

(b) Each guaranteeing agency is designated and authorized to: (1) act as fiscal agent in the making of its own guarantee contracts and in otherwise carrying out the purposes of section 301 of the Act; and (2) contract with any Federal Reserve Bank to assist the agency in serving as fiscal agent. . . .

(b) Materials acquired under section 303 of the Act, 50 U.S.C. App. 2093, that exceed the needs of the programs under the Act may be transferred to the National Defense Stockpile, if, in the judgment of the Secretary of Defense as the National Defense Stockpile Manager, such transfers are in the public interest.

Sec. 304. Subsidy Payments. To ensure the supply of raw or nonprocessed materials from high cost sources, or to ensure maximum production or supply in any area at stable prices of any materials in light of a temporary increase in transportation cost, the head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 303(c) of the Act, 50 U.S.C. App. 2093(c), to make subsidy payments, after consultation with the Secretary of the Treasury and the Director of OMB. . . .

Sec. 403. Regulations. The Secretary of Homeland Security, after approval of the Attorney General, and after consultation by the Attorney General with the Chairman of the Federal Trade Commission, shall promulgate rules pursuant to section 708(e) of the Act, 50 U.S.C. App. 2158(e), incorporating standards and procedures by which voluntary agreements and plans of action may be developed and carried out. . . .

Sec. 601. Secretary of Labor. (a) The Secretary of Labor, in coordination with the Secretary of Defense and the heads of other agencies, as deemed appropriate by the Secretary of Labor, shall:

(1) collect and maintain data necessary to make a continuing appraisal of the Nation’s workforce needs for purposes of national defense; . . .

(a) “Civil transportation” includes movement of persons and property by all modes of transportation in interstate, intrastate, or foreign commerce within the United States, its territories and possessions, and the District of Columbia, and related public storage and warehousing, ports, services, equipment and facilities, such as transportation carrier shop and repair facilities. “Civil transportation” also shall include direction, control, and coordination of civil transportation capacity regardless of ownership. “Civil transportation” shall not include transportation owned or controlled by the Department of Defense, use of petroleum and gas pipelines, and coal slurry pipelines used only to supply energy production facilities directly.

(b) “Energy” means all forms of energy including petroleum, gas (both natural and manufactured), electricity, solid fuels (including all forms of coal, coke, coal chemicals, coal liquification, and coal gasification), solar, wind, other types of renewable energy, atomic energy, and the production, conservation, use, control, and distribution (including pipelines) of all of these forms of energy.

(c) “Farm equipment” means equipment, machinery, and repair parts manufactured for use on farms in connection with the production or preparation for market use of food resources.

(d) “Fertilizer” means any product or combination of products that contain one or more of the elements nitrogen, phosphorus, and potassium for use as a plant nutrient.

(e) “Food resources” means all commodities and products, (simple, mixed, or compound), or complements to such commodities or products, that are capable of being ingested by either human beings or animals, irrespective of other uses to which such commodities or products may be put, at all stages of processing from the raw commodity to the products thereof in vendible form for human or animal consumption. “Food resources” also means potable water packaged in commercially marketable containers, all starches, sugars, vegetable and animal or marine fats and oils, seed, cotton, hemp, and flax fiber, but does not mean any such material after it loses its identity as an agricultural commodity or agricultural product.

(f) “Food resource facilities” means plants, machinery, vehicles (including on farm), and other facilities required for the production, processing, distribution, and storage (including cold storage) of food resources, and for the domestic distribution of farm equipment and fertilizer (excluding transportation thereof).

(g) “Functions” include powers, duties, authority, responsibilities, and discretion.

(h) “Head of each agency engaged in procurement for the national defense” means the heads of the Departments of State, Justice, the Interior, and Homeland Security, the Office of the Director of National Intelligence, the Central Intelligence Agency, the National Aeronautics and Space Administration, the General Services Administration, and all other agencies with authority delegated under section 201 of this order.

(i) “Health resources” means drugs, biological products, medical devices, materials, facilities, health supplies, services and equipment required to diagnose, mitigate or prevent the impairment of, improve, treat, cure, or restore the physical or mental health conditions of the population.

(j) “National defense” means programs for military and energy production or construction, military or critical infrastructure assistance to any foreign nation, homeland security, stockpiling, space, and any directly related activity. Such term includes emergency preparedness activities conducted pursuant to title VI of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5195 et seq., and critical infrastructure protection and restoration. . . .

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To read all of it, click the link.

Continue Reading on www.whitehouse.gov

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24 thoughts on “Obama Just Wrote an IOU in Your Name on Everything You Own

  1. Joseph Aquilla says:

    The first word that comes to mind is Nazi. Very strong word but this is where we seem to be. Time to look for another country?

  2. Why won't Congress stand up to this muslim imposter violating the Oval Office? The first statement talks about the authority vested in him by the Costitution is a farce because he only used the Constitution when it is to his advantage. Otherwise he just trambles on it. Our current congress members are all PANSIES!!

  3. constitutionalist says:

    The catch all phrase" in the public interest" appears to be where we the citizens lose our constitutional identity.

  4. lilbear68 says:

    congress is a bunch of pansies but then who elected them? who keeps re electing them and who fails to start recalls when this crap comes out

  5. SEAN MURRY says:

    Screw yourself obummer.

  6. OneCitizenOfTheRepublic says:

    God deliver us from all tyrants! All of the production of the United States under the direct and delegated control of the President and his hinchmen…AND NO WHERE is there a single elected representative in this chain of command, other than Obama himself!

    This is a signed order for the capitulation of all elected governance…by any other name…treason is still treason. This MUST NOT STAND!

    Call your Senators and Congressmen….keep calling until their phone system fails, and then line up at their doorways.

  7. You need to read the order carefully. It doesn't take over anything. This order does nothing more than what we would want and expect the federal government to do–protect our nation by knowing what goods and services are necessary for national defense, who has them and where, and making sure that when it comes time for the government to make contracts to buy such materials they are available. This means making sure that critical industries to national defense remain in the United States not China or some other foe, that we continue to support critical worker knowledge, and the federal government give priority to contracts for national defense. Contracts! Which means voluntary agreements between parties–nobody's goods are confiscated or under government control.

  8. If this goes unchallenged then he'll have everything he needs to "legally" seize control of the USA when the right "emergency" comes along and declare himself "President for life". Want to be one happens A) if it looks like he's about to lose the fall election, or B) right before the end of his 2nd term? The only real question is, will the police and military go along with this when it happens and the revolution starts. A well armed populace can put up a great fight, but can't win against APC's, tanks, bombers/fighters etc.

    Here's hoping that whatever society rises from the ashes of the next civil war will be similar to what it was like foreseen by the founding fathers and not Karl Marx.

  9. we the people just wrote a doa on ovomit/lucifer/hitler/devil yes doa means{ doesn,t own americans}and never will,we the people are the government,not this treasonous pile of camel dung,or his treasonous band of traders ovomit/devil/lucifer/hitler kagan/reid/holdup/napalitano/wasserman/waters/epa/doj/doh/federal reserve/and the wicked witch of the west/agenda21/nwo/hillary/panetta our all bought and payed for by the head musmutt/ineligible squatter in the wh.god bless all american veterans and all american citizens,god bless ron paul/sheriff joe semper fi

  10. http://www.petition2congress.c... Go to this website to sign the petition to vet Obama for eligibility to even be on the ballot.

  11. The action in question is essentially an update of a similar order put into place by President Dwight D. Eisenhower (EO 10789) in 1958, which was amended in 1994 by President Bill Clinton (EO 12919) in 1994 and later by George W. Bush (EO 13286) in 2003.

    1.) “Identify” requirements for emergencies,
    2.) “Assess” the capability of the country’s industrial and technological base,
    3.) “Be prepared” to ensure the availability of critical resources in time of national threat,
    4.) “Improve the efficiency” of the industrial base to support national defense,
    5.) “Foster cooperation” between commercial and defense sectors.

    BUT, This not 1958 or 1994 or 2003!

    In history justification for the Federal government to carry out any of the above-mentioned tasks would have been reserved to extreme scenarios, such as military attack on the country or the complete collapse of financial markets.

    When the dollar crashes, the country will go on lock-down and the Goverment will put a freeze on prices and take over resources to feed us which will only hold back the inevitable revolt temporarily.

    Compare the dollar value relative to other world fiat currencies, the dollar appears to be vibrant, as long as you compare it to similarly worthless paper currencies that are being degraded in tandem with the greenback. Once you begin to compare the dollar to commodities, however, it soon shows its inherent weakness. The price of oil for example.

    It’s just a matter of time. The writing’s on the wall.

    THIS EO. signed with what is below, TYRANNY!

    Recent laws and rhetoric from the Federal government that make it possible for the bureaucracy to claim nearly any scenario an emergency and nearly any person an enemy of the State.

    The National Defense Authorization Act, and the continued push to make Americans believe the enemies are domestic.

    Do they know what a Constitutionally declared war is, and whether the President answers to Congress or to international powers such as the United Nations and NATO.

    The passage of H.R. 347, the Trespass Bill.

  12. “nobody’s goods are confiscated or under government control.” Dream on David!

  13. Paul Trombley says:

    Perhaps this order will help Mr. Thompson to get his communistic, high-speed trains to run on time during his second term.

    Of course, the left will sneer at the idea that Obama is Mr. Thompson. After all, everyone knows that Ayn Rand was an angry old hag with the usual right wing impediments to solving America's problems. So let's recall the name Benito Mussolini and imagine it written with Obama's logo in the appropriate places. Or,…

    Barack Obama, Capo del Governo.

  14. SumerianMan says:

    Here's a question – who actually compilied and wrote out this travisty of an E.O.? One of many I might add. We all know Obumass aint smart enough to think all of this nazism all by himself, if at all. So who? who's pulling the strings and putting the words in the donkeys mouth? I don't mean Soros, I mean the person who's actually putting the text together for publishment as an E.O. Find out who and the why might be automatic, not just scary speculation., and I really mean scary!

  15. Just like the demonizing of bin Laden pre-911, all this run-up — FEMA camps, EO's, NDAA — is preparing the public for the "inevitable" terrorist attack that will end up being a false-flag by our own government to use as a convenient excuse to consolidate total control. All these early-warning systems that generations of us Americans have paid for have NEVER stopped a so-called terrorist attack from happening.

  16. http://www.petition2congress.c...

    Go to this website and sign the petition to vet Obama and check into his eligibility to be president. The lame stream media never vetted him in 08 and neither did congress.

  17. Dean Palmer says:

    Who is Who's enemy is a matter of one's point of view. From my point of view, given the statements and behaviors of this President since he took office, he appears to be making himself MY enemy! And he does this by choice. But that is a separate issue from what is going on here with this EO. Anyone who believes that the Obama Administration doesn't have (or can't get) the authority to confiscate and SEIZE whatever is needed from the private sector in response to an act of war/invasion/terrorist attack or the threat of same, needs to study some world history! The fact is, whether during peacetime or war, government / military resources and assets comes from the private sector. It always has. Private US companies design and build the war machines and expendable materials and US farms and dairies and domestic transportation provides and distributes the food. Without the private sector, the government and the military are useless and powerless! They would quickly burn through the stockpiles of food and munitions, and then if the supply lines are cut off (i.e., no one goes to work), nothing gets built, and no food is grown, processed or transported. The government absolutely relies on the American People and their private businesses to cooperate with them in all ways for their efforts to be successful. "Yes They Can" come into your home and take your food and weapons and whatever else they may require for sustaining their defense efforts. Can you say "Eminent Domain? See: http://en.wikipedia.org/wiki/Eminent_domain
    Obviously, if there WAS a "Clear and Present Danger" – a bonafied threat from a foreign power or group planning to attack our country or US territories and assets in other lands, we'd all want to help and do our part. And I have no problem with the government under ANY president taking an inventory and assessment of civil assets and capabilities so they know what they have to work with. What bothers me is, THIS president may not wait for a Clear and Present Danger. He has signed this EO to assert his executive powers – not to seize assets immediately – but to put in place legal mechanisms for seizing assets at some point in the future – even when no Clear And Present Danger currently exists! Is this just prudent preparedness or a dictator-like power grab? Everyone must decide this for him/herself given the evidence at hand. As for me, I know how I'm looking at this. I've seen this before. Human history is full of cases where government leaders had taken total control over civil resources and determining available private sector assets in preparation for executing their plans. What is Obama REALLY up to? Can you say: Follow The Oil? Given the ongoing and escalating tensions in the Middle East – especially between Israel and Iran – the Obama administration is most likely going to try to take control of the oil and try to keep open the Persian gulf; keep the oil flowing if the two countries actually go to war. Gee – I wonder… what will China and Russia, etc. have to say about that? You do the math. (My guess is that Israel will ask us to stay out of it unless they end up getting their butts kicked.)

  18. "emergency", such as, "The election isn't going well. Guess I'd better take over."

  19. It's not time to look for another country it's time to follow the deceleration of independence and throw off the shackles of oppression

  20. It is time for everyone to take deep breath and realize we have a dictator in embryo growing within our government.
    Didn't you hear him say he was going to fundamentally change the nation?
    Didn't you hear him say he was going to put the coal companies out of business?
    Didn't you hear him say he was going to significantly increase the cost of energy?
    Is no one listening to this traitor in our midst?
    Is no one watching what he is doing?
    Did you not see and watch him go all over the middle east and other parts of the world when he apologized for all the terrible things America has done? I have seen us spend our treasure and millions of our lives to protect other nations. What do you think he saw that all of us have missed.
    He is a traitor and you all better be more careful.

  21. This Order has nothing to do with "National Defense". That is the cover line. It is ALL about control. Check out U.N. Agenda 21, http://www.jbs.org for more info. Obamacare has nothing to do with providing healthcare … it is all about control, also.

  22. S Rubicon says:

    Involving the United Nations &/or surrendering authority to it, are my problem. The UN has acted in the most anti-American activities we can imagine. The UN General Assembly (admittedly it has limited authority, but it can exercise authority in issues & so long as it goes unchallenged by the Securiy Council such actions would become UN operational policy & authority), could become directly involved in many day to day activities in America. The UN & its associated NGO buddies, actively seek any form of control on an issue or item, that they can conjure. Trusting any UN Secretariat &/or NGO associated with them, means many of America's enemies could gain operational control over many issues & items. Agenda 21 is merely government seizure of private property & its uses. Check it out. Each municipality should revoke Agenda 21 powers so that community can retain control of its own property & municipal opreations. That is one example. Sorry, methinks the feds, from either party, go too far & their plans sure look draconian.

  23. obamas police state now has ownership of everything anyone or any business owns and controls all natural resources including the air you breathe. Another executive order so why are we even paying the salary and benefits of all the other politicians in the other two branches of government since obama only uses one branch, the executive ???