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> Homeland Security To Confiscate Bank Safe Deposit Box Contents

22 January 2006, 06:44

That sends a clear message to all foreigners and Americans: keep your money and valueables out of American or U.S. controlled banks. Yet, it seems it is already happening - more rich Americans have transfered their money and stocks to bank abroad.

...it is like sitting on a tree branch and cut it off.

Also the threat of freezing accounts may led that more countries will move out of U.S. treasuries.