The Currency Stabilization Act. Enacted within days of the market crash, the Act was in response to the efforts of investors to retain their purchasing power through the purchase of precious metals. The move out of dollars and into metals exacerbated the inflation. In order to stop the flight out of dollars, congress applied a 90% windfall gains tax on the profits from transactions of 15 specific commodities and metals. The intent was to bolster price stability but instead merely drove the significant portion of the financial system into the black market.
Commercial Goods Transportation Prioity Act. Enacted within days of the initial market crash, the Act sought to facilitate the access to fuel and grant travel priority to the haulers of goods deemed to be “necessities” by congress. It created a voucher system and issued priority numbers to haulers using federal interstate highways and private gas stations with pumps located within one mile of interstate exits. But the issuance of priority voucher numbers and the definition of “necessity” was quickly captured by politically connected firms and political clout, rather than market price signals, determined what was hauled on the highways.
Federal Foreclosure Moratorium. Enacted weeks after the collapse, it prohibited banks from taking possession of foreclosed homes for 180 days from judgement. As a concession to the banking sector, the government promised to purchase all homes foreclosed so long as the moratorium was honored. This caused the banks to unleash a horde or repossession agents.
The Cyber Security Act. A signing statement appended to the congressional Act,enacted within a month of the collapse, enabled, by executive interpretation, the Department of Homeland Security to block websites in order to prevent the spread of malicious disinformation that was hampering recovery efforts and damaging public confidence in the government efforts to restore order. The broadly defined executive power enabled the government to essentially close any website at their discretion. The Supreme Court validated the measure on the grounds that it was not “unreasonable” in lieu of the threats to national security.
The Food and Agriculture Price Stabilization Act. Written by the largest agricultural corporate conglomerates and passed by congress within months of the collapse, the Act established a network of agricultural compacts (or enterprise zones) that covered the vast portion of the country. Supply and price controls were put into effect and all foodstuffs were required to pass through special clearing exchanges operated by the agricultural conglomerates. The law was enforced by agents of the DEA , ATF, and the newly created armed enforcement arm of the USDA. Unlicensed selling of agricultural commodities resulted in asset forfeiture, prosecution and jail time.
The Firearms and Neighborhood Security Act. Passed within months of the collapse, the Act funded and directed efforts by state and local police to confiscate private firearms using the FBI background check registry and citizen self-identification. Second Amendment concerns were totally bypassed as it was the states that were tasked with performing the confiscations under threat of having their federal funding withheld.
The Anti-Kidnapping and Public Safety Restoration Act. Re-allocated funding and directed local law-enforcement resources towards investigating and solving kidnapping cases. The Act was passed in response to the numerous government officials that were being kidnapped and held for ransom by insurgents.
Ghilarducci Act. An Act that nationalized all the pension and 401k plans with the promise of making everyone’s savings safe from the dangers of market volatility. As the government debt exploded, congress, at the behest of Treasury, redirected the retirement investments entirely towards the purchase of U.S. treasuries as a means of holding down the government’s borrowing costs. The guaranteed yield of five percent earned against 500% annual inflation quickly wiped out the value of everyone’s savings.
Suspension of Posse Comitatus. A Domestic Security Force comprised of units of the U.S. Army’s 4th Infantry were deployed domestically to aid local police in crowd control and suppression of unrest.
AmericaOne. The Act created an internet licensing requirment and the FCC renewed the broadcasting licenses of all television and radio stations only on the condition that the FCC would be given final approval on all programming. FCC approval eventually resulted in only one news network, AmericaOne, being permitted.
AmeriCorps. Using the selective service system, the federal government established a compulsory one year national service requirement for all American citizens between 18-25. Avoidance was punishable by up to five years in prison and could involve the seizure of the parent’s assets.
Reinstitution of the Draft and Accelerated Basic Training and OCS. Required to fill the ranks of the military depleted by mass defections and desertions.
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