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IPFS News Link • Government Debt & Financing

Did "Stealing From Americans" Just Stop? AG Holder Moves To End Civil Asset Forfeiture

• http://www.zerohedge.com-Tyler Durden

Since 2011, we have been warning of the rise of 'civil asset forfeiture' (here) with the 'stealing of American's hard-earned assets' having been on the rise signficantly in recent months; as the apparent final stage of empire begins.

In a nutshell, civil forfeiture is the practice of confiscating items from people, ranging from cash, cars, even homes based on no criminal conviction or charges, merely suspicion.

This practice first became widespread for use against pirates, as a way to take possession of contraband goods despite the fact that the ships' owners in many cases were located thousands of miles away and couldn't easily be prosecuted. As is often the case, what starts out reasonable becomes a gigantic organized crime ring of criminality, particularly in a society where the rule of law no longer exists for the "elite," yet anything goes when it comes to pillaging the average citizen.

One of the major reasons these programs have become so abused is that the police departments themselves are able to keep much of the confiscated money. So they actually have a perverse incentive to steal. As might be expected, a program that is often touted as being effective against going after major drug kingpins, actually targets the poor and disenfranchised more than anything else.