What All Gun Lovers and Gold Bugs Absolutely Need to Know about “Operation Choke Point”
In case you haven’t heard, the Department of Justice announced a new initiative in 2013 called “Operation Choke Point.” At first, the initiative went largely unnoticed. But now it is getting more publicity because the DOJ began targeting specific businesses in 2014.
So what is “Operation Choke Point”? It is a method for cutting off money and vital banking services from certain businesses the government has decided it doesn’t like.
There is no due process of law or any recourse for the businesses that are targeted. If the DOJ targets your business, they will pressure your bank and merchant account provider to terminate their relationships with you. They will have no choice but to comply. This has already happened for a variety of businesses… including gun dealers.
In fact, included on the “Operation Choke Point” list of high-risk businesses were: ammunition sales, coin dealers, and firearm sales.
This video by Mike Maloney explains “Operation Choke Point” in more detail…
The public backlash against “Operation Choke Point” was fairly severe. So severe, in fact, that the initiative came under investigation by two other federal agencies. As of January 29, 2015, it appears that the initiative has been shelved. According to Wikipedia (linked above):
On January 29, 2015, the FDIC issued a Financial Institution Letter that “effectively ends Operation Choke Point.” As reported by Forbes, “a change in the political landscape, many businesses threatening legal action and a congressman with a background in banking [forced] the bureaucracy to admit to misconduct and to stop financial attacks on legal businesses that the Obama administration deems to be politically incorrect.”
This is encouraging news, but I am doubtful that the DOJ will permanently end Operation Choke Point. Publicly they’ll end it, of course. They have to. But I would not be surprised in the least if secretly they continue to try to harass and shut down businesses they don’t like.
After all, Obama’s Chicago-based foundation just publicized what will be Obama’s post-presidential slogan: “Eight years is just the beginning.” Obama may only serve two terms as president of the United States, but it’s clear he wants to extend his influence as far and as long as possible.
In other words, you may want to continue buying guns, gold, and ammo while you still can.