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Assassin

ASSASSIN@TION: With just months left in office the Biden-Harris regime decided to update the 17 year old Bush-era directive against assassin@tion of Americans. Why would the regime feel the need to legalize killing Americans who threaten the foundations of our democracy?

In a chilling and unambiguous act, the Biden-Harris regime has recently updated the 2007 DoD Directive 5240.01, stripping away crucial protections that safeguarded American citizens from government-sanctioned assassin@tions. The original directive contained an explicit prohibition, stating, "Under no circumstances shall any DoD Component or DoD employee engage in, or conspire to engage in, assassin@tion." This unequivocal language has been removed, paving the way for a dangerous new precedent that authorizes the targeting of both American citizens and foreign nationals—both on domestic soil and abroad—under vague and ominous "special circumstances."

This egregious alteration marks a perilous departure from the established norms that have historically protected the civil liberties of U.S. citizens. The notion that the government can now potentially authorize the assassination of Americans under the guise of national security is nothing short of a constitutional crisis. It opens a Pandora's box where the executive branch could circumvent legal processes and judicial oversight, allowing for a chilling expansion of government power and an alarming erosion of individual rights.

The Biden-Harris regime’s willingness to authorize assassin@tion reflects a profound disregard for the sanctity of American lives and the rule of law. It exemplifies a troubling trend toward authoritarianism, where the state’s interests are prioritized over the rights of individuals. By enabling the targeting of U.S. citizens—often without the checks and balances that judicial oversight provides—the regime is setting a dangerous precedent that could lead to abuses of power reminiscent of the darkest chapters in our nation’s history.

Moreover, the implications extend beyond mere policy shifts; they signal a fundamental transformation in the relationship between the government and its citizens. The ability of the state to conduct targeted killings without due process undermines the very foundations of our democratic society, where the rule of law and the protection of individual rights have been paramount. It raises unsettling questions: Who decides what constitutes a "threat"? What criteria are used to determine when such extreme measures are warranted?

This new directive does not merely modify existing procedures; it fundamentally alters the landscape of governmental authority and individual rights in America. As we stand at this critical juncture, we must remain vigilant and resolute in our defense of civil liberties. The implications of the Biden-Harris regime’s actions demand serious reflection and urgent action from all who cherish the freedoms granted to us by our Constitution.

In conclusion, the recent updates to DoD Directive 5240.01 should serve as a clarion call for all Americans. The stripping away of prohibitions against assassin@tion represents not just a policy change, but a grave threat to the very essence of our democratic principles. We must rally together to demand accountability, transparency, and a reaffirmation of the rights that define our great nation. The time to act is now; let us not allow this regime to tread upon the rights of the American people without consequence.

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🛢 We Are 'Still' Going Full Speed Into The Wall

Product storage is about to get tighter unless China steps in and lifts the product export ban. If it does, expect a meaningful reversal in crude.

WTI is barely hanging on to $70 for its dear life, but please remember that consumers use petroleum products like gasoline and diesel; they don’t use crude oil. Refineries do, and this is why it was always important for us to pay attention to crack spreads along with crude timespreads.

Note: Please divide it by 3.

The fever in the market today is that crude is oversupplied, but products are undersupplied. How can this be possible?

Well, China’s June crude import data so far is -4.7 million b/d y-o-y, and teapot refineries are operating at 50% utilization. Compared to US refineries operating at 95% and PADD 2 refineries operating over 100%, you can see where the disconnect is.

But here’s the thing. If end-user demand isn’t down and you still have a production shut-in of ~8 million...

Beginning

🇮🇷🚫🚢 Here's my analysis of the Strait of Hormuz situation for the last 24 hours.

As I noted yesterday, I was seeing a lot of vessels using the Oman route to exit. This was following the announcement by Oman and IMO. The IRGC retaliated today on a vessel, but even after the attack, I am still seeing transits. It's a lot less, but there are vessels willing to take the risk.

On the inbound front, the flow is still heavily restricted. Whatever outflow we are seeing today is unsustainable as there are not enough non-Iranian tankers going in. In particular, we need empty VLCCs going in to load up crude. This is just a trickle so far.

In my view, the traffic in the Oman lane will lead to more escalation by IRGC. Without throttling flows entirely in the Southern lane, IRGC will lose control of its leverage over the Strait. If they act, then it's a question of what the US does after.

I think this is only the beginning.

🔗 @HFI_Research

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