Homeland Security has begun exercising its new power to 'identify' the contents of your safe deposit box.

This news should be seen in the context of the many rumors floating around on the internet.

The so-called temporary re-authorization of the PATRIOT I and II legislation included the power, which gives the Department of Homeland Security an unprecedented power to 'identify' assets held in citizens' private safe deposit boxes.

This, by the way, was in the so-called fine print, which people didn't notice at first.

This is an unprecedented power for any government to have. In fact, no so-called democratic government has had this power since Germany from 1934 to 1945.

In 1934, under the German Bank Security Enhancement Act, the German government gained the authority to seize the contents of citizens' safe deposit boxes, as was done in most countries, including this one.

No longer was that power consolidated within the German finance ministry, but now it was a new and more sinister power wherein the German government had the ability to seize contents of safe deposit boxes for 'political reasons.