ALERT -- Justice Dept. Launches Covert Sanctions Against Gun Owners

ALERT — Justice Dept. Launches Covert Sanctions Against Gun Owners

May 2nd, 2014

David Schulberg the 3rd

(by Kit Daniels) — The U.S. Department of Justice is currently attacking the Second Amendment by fiat while constantly denying its abuses despite clear evidence to the contrary.

Yesterday we revealed that the Justice Dept. is causing banks to fear doing business with legal gun dealersdue to Operation Choke Point, a joint program between the DOJ, FDIC and the Consumer Financial Protection Bureau targeting “high-risk activities,” of which firearm sales is also listed.

“Federal law enforcers are targeting merchant categories like payday lenders, ammunition and tobacco sales, and telemarketers – but not merely by pursuing those merchants directly,” Jason Oxman, the CEO of the Electronic Transactions Association, wrote on the subject. “Rather, Operation Choke Point is flooding payments companies that provide processing service to those industries with subpoenas, civil investigative demands, and other burdensome and costly legal demands.”

Oxman explained the superficial logic behind Operation Choke Point: by increasing the legal and compliance costs of serving “disfavored merchant categories,” financial institutions will “simply stop providing service to such merchants.”

“And it’s working – payments companies across the country are cutting off service to categories of merchants that – although providing a legal service – are creating the potential for significant financial and reputational harm as law enforcement publicizes its activities,” he added.

Last month, BitPay, a U.S.-based bitcoin processor, refused to do business with gun dealer Michael Cargill of Central Texas Gunworks due to its Terms of Service which excludes merchants involved in firearm sales, ponzi schemes, “get rich quick” programs, “money service businesses” (such as payday loans), gambling and others which are all listed in the FDIC document.

Prominent financial experts have, however, come out and opposed the program, such as Frank Keating, the CEO of the American Banker Associated, who explained his opposition to the program in the Wall Street Journal.

Source Article from http://www.redflagnews.com/headlines/alert-justice-dept-launches-covert-sanctions-against-gun-owners