What makes this particular instance so unprecedented and terrifying is that President Obama went so far as to issue a new Executive Order to give himself the authorization to do so, because the laws of the United States are such that our government is not allowed to simply take someone’s bank assets, home or business without due process.
Here’s the kicker.
The new Executive Order doesn’t just apply to just Russians or foreigners. It gets blanket coverage, so even American citizens could now face asset forfeiture if their actions are deemed to be “contributing to the situation in the Ukraine.”
Be careful what you say. Be careful what you write. President Obama has just given himself the authority to seize your assets.