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International Man: Recently, the FBI raided 700 safe deposit boxes in Beverly Hills.

They opened and searched through the content of every single box, regardless of whether there was any probable cause that individual box owners had committed any crime.

The FBI then attempted to confiscate anything worth more than $5,000 through civil asset forfeiture proceedings. Again, this was regardless of whether there was any evidence of wrongdoing by the individual box owners.

What do you make of this story?

Doug Casey: This is another of many indications that the FBI is totally corrupt and out of control. There’s no indication the agent-in-charge was even reprimanded, much less fired. It’s just one agency, but the fifteen other Praetorian agencies are no better.

An even bigger problem is that the rule of law itself is dead. At this point, almost any federal agency can do whatever they want. If you don’t like it and want to fight them, it’s going to cost a ton of legal fees.

The federal government is now controlled by actual Jacobins. They’re inclined to engage in lawfare against citizens—especially those who don’t share their views.

What’s in it for them? When they perform a civil asset forfeiture, a certain percentage goes to the agency that does it.

That money can buy cop toys and training to pad their resumes. That gives them a personal incentive to do things that are, in fact, criminal. It’s a very serious matter. It’s only going to get worse when CBDCs are initiated—they’ll make civil asset forfeitures, fines, and asset freezes much easier when all your money is visible and available at the central bank. It’s one more reason to own gold—but not store it in a US safe deposit box.

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From LRC, here.