. SouthAmerica: On March 20, 2003, George W. Bush issued a Presidential Executive Order that was published at the White Houseâs website on March 21, 2003: Executive Order: âConfiscating and Vesting Certain Iraqi Propertyâ (see copy of the Executive Order below) This new US government policy of confiscating the property of other countries will have some consequences over time in the American economy; mainly after what I have been reading in the mainstream press regarding the money that was confiscated from the Iraqi government. It seems to me that the money confiscated "did a disappearing act." Today, the international community should ask and demand the US government to give a full disclosure and account as to what happened to the money that was confiscated from the Iraqi government. "Where is the money? Today, the US government depends on an inflow of investments here in the US from foreign sources of $ 2 billion dollars per day to keep the US government afloat. What this new policy of confiscating assets of foreign governments says to all these countries that are sending money to be invested in the US? Is the money from Saudi Arabia at risk of confiscation in the United States? How about the China governmentâs over $ 650 billion investments in the US - in case of some kind of conflict between the US and China? Is this Chinese money also at risk of US government confiscation? This foreign assets confiscating policy adopted by the US government might have a big impact in the American economy some day, and if conflict starts in Saudi Arabia as I described on my other posting it is possible that we will have a stamped out of the US dollar, in turn causing a collapse of the US currency. ********* SouthAmerica: Reply to Wilburbear, You are right. I did check the location in the White House website where the document released on Friday, 21 March 2003, by the White House: Executive Order: âConfiscating and Vesting Certain Iraqi Property,â was posted, and the document was not there anymore. This document was made public and stayed in the White Houseâs website for a period of time. They must have moved most of the Presidential Executive Orders for the year 2003 to some other archive in the net. Try using Google, if you need to find the new location of the archive in the internet. By the way, after reading your posting on this tread, I went to my files to see if I had printed a copy of that Presidential Executive Order for my file. Usually, when I quote something from any source on one of my articles, I keep a copy of the source of the information just in case if people ask me on a later date where I got the information. Most of the time it takes a lot of research for me to write an article, and by the time the article is ready for publishing, my folder for that particular article would be full of information related to its research. After checking my file for that article, I located a printed copy of the Presidential Executive Order that I mentioned in that article. Here is the information that was posted on the White Houseâs website on March 21, 2003. If you take some information from this letter and use it to search on Google, then you might find the new location where the US government moved this letter. If you need further information on this subject, check the major newspapers such as The New York Times around that date, and you will find reference to confiscation of Iraqi assets by the US government. The newspaper articles at the time gave detail information about the amounts of this confiscation. With a civil war getting worse by the day in Iraq, maybe it will be a matter of time before that mess spreads to other countries in the area including Saudi Arabia. I would not be surprised if there are people in the US government today working, and getting ready all the information necessary to identify all the bank accounts and assets of the Saudi Arabian government and also of thousands of Saudi Princes â the members of the Saudi Royal Family - to freeze them and confiscate them when the Iraqi civil war start spreading into Saudi Arabia. I can see the Saudi assets confiscation coming right here in the USA. If the Saudis donât start cashing in their assets in the USA, and start moving them to a safer place, then they will look like fools when they get their assets frozen and confiscated. They really deserve to lose it all for being so careless with their investments. If I were a Saudi Prince, or the Finance Minister of Saudi Arabia, I would cash in all my assets in the United Sates, and would move them fast to a safer place such as Europe, Brazil, Asian countries, etc. Any place other than the USA. But again: âThere is a new sucker born every day.â Enjoy the reading. ************************************** I am quoting the information that follows from a Presidential Executive Order that was published at the White Houseâs website on March 21, 2003: Office of the Press Secretary March 20, 2003 Executive Order: Confiscating and Vesting Certain Iraqi Property By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United States Code, and in order to take additional steps with respect to the national emergency declared in Executive Order 12722 of August 2, 1990, I, GEORGE W. BUSH, President of the United States of America, hereby determine that the United States and Iraq are engaged in armed hostilities, that it is in the interest of the United States to confiscate certain property of the Government of Iraq and its agencies, instrumentalities, or controlled entities, and that all right, title, and interest in any property so confiscated should vest in the Department of the Treasury. I intend that such vested property should be used to assist the Iraqi people and to assist in the reconstruction of Iraq, and determine that such use would be in the interest of and for the benefit of the United States. I hereby order: Section 1. All blocked funds held in the United States in accounts in the name of the Government of Iraq, the Central Bank of Iraq, Rafidain Bank, Rasheed Bank, or the State Organization for Marketing Oil are hereby confiscated and vested in the Department of the Treasury, except for the following: (a) any such funds that are subject to the Vienna Convention on Diplomatic Relations or the Vienna Convention on Consular Relations, or that enjoy equivalent privileges and immunities under the laws of the United States, and are or have been used for diplomatic or consular purposes, and (b) any such amounts that as of the date of this order are subject to post-judgment writs of execution or attachment in aid of execution of judgments pursuant to section 201 of the Terrorism Risk Insurance Act of 2002 (Public Law 107-297), provided that, upon satisfaction of the judgments on which such writs are based, any remainder of such excepted amounts shall, by virtue of this order and without further action, be confiscated and vested. Sec. 2. The Secretary of the Treasury is authorized to perform, without further approval, ratification, or other action of the President, all functions of the President set forth in section 203(a)(1)(C) of IEEPA with respect to any and all property of the Government of Iraq, including its agencies, instrumentalities, or controlled entities, and to take additional steps, including the promulgation of rules and regulations as may be necessary, to carry out the purposes of this order. The Secretary of the Treasury may redelegate such functions in accordance with applicable law. The Secretary of the Treasury shall consult the Attorney General as appropriate in the implementation of this order. Sec. 3. This order shall be transmitted to the Congress and published in the Federal Register. GEORGE W. BUSH THE WHITE HOUSE, March 20, 2003. .