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If you want to know the why look at what is happening in the financial markets and what has happened in the last year with the Saudi's wanting to dump the petrodollar and the prospect of a new currency takeover
The entire authority over the border and immigration is NOT "extraordinary power" for any president of the US. It is Constitutional AND mandated by "The immigration and Nationality Act" passed June 27, 1952, and updated in 1965.
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