Before you go into a fetal position in despair, ponder how an IED and a Crown Vic or up-armored Suburban will interact. These skin-headed, bloused booted bozos are out of their league.

Ok, I've pondered. There are a quiet but steady dropping of hints coming from various government agencies and other agencies like the IMF that they are going to implement schemes to have the private sector pay off the debts they have incurred. Things mentioned have been to confiscate 401ks, corercive investments in government bonds, new real estate taxes, forcing insurance companies and pension funds to invest in bonds, an exit tax on selling bonds, and the unilateral extension of the bond's maturities, and an 80% tax rate with no deductions. They will not debate these openly, they will just vote on them one Friday at midnight, and the next Monday poof, your money has been taken.

Now when that happens, who am I supposed to IED? The money will be gone already, in a puff of electronic transfers. Yes, there will be violence coming up, but only after everyone has been impoverished and it is too late to do anything about it except to fight over scraps. I am trying to find a safe haven for my money now, not learn how to build bombs in my basement, because fining a way to keep what I have safe is a better use of my time.

Things mentioned have been to confiscate 401ks, corercive investments in government bonds, new real estate taxes, forcing insurance companies and pension funds to invest in bonds, an exit tax on selling bonds, and the unilateral extension of the bond's maturities, and an 80% tax rate with no deductions.

Welcome to the other side of the looking glass... Is this one of those things that have been mentioned?

PRESS RELEASE

5 June 2014 - ECB introduces a negative deposit facility interest rate

Deposit facility interest rate cut effective as of 11 June 2014
Negative rate to apply also to average reserve holdings in excess of the minimum reserve requirements and other deposits held with the Eurosystem

When deciding to lower the key ECB interest rates at its meeting today, the Governing Council of the ECB took the decision to cut the interest rate on the deposit facility to -0.10%.

This change will come into effect on 11 June 2014, together with the changes to the interest rates on the main refinancing operations and on the marginal lending facility. The negative deposit facility interest rate will also apply to: (i) banks’ average reserve holdings in excess of the minimum reserve requirements; (ii) government deposits held with the Eurosystem that exceed certain thresholds that will be set in the relevant Guideline to be published by 7 June; (iii) Eurosystem reserve management services accounts if not currently remunerated; (iv) participants’ account balances in TARGET2; (v) non-Eurosystem NCB balances (overnight deposits) held in TARGET2; and (vi) other accounts held by third parties with Eurosystem central banks when stipulated that they are not currently remunerated or are remunerated at the deposit facility rate.

For media queries, please call William Lelieveldt on +49 69 1344 7316.

The cops are the tip of the spear. They are the ones out in sight. When the bank accounts vanish, people are going to dash down to City Hall, and who is going to be called to chase them away? The local JBTs.

They are too stupid to try to defuse the situation, when they are standing there next to an MRAP in their black gear vests, the "Us vs. Them" attitude, bloused booted, black cargo pants, with a big SWAT label on their chest. The one that says, "Hey! I'm A Murderous Thug!" How long before he tases a 12 year old and he catches a retaliatory .40 in the head?

Ask Rodney King about triggers for a riot. Once one cop goes down, the rest will panic and open up with the standard 'pray and spray' marksmanship. And then things snowball.

Thousands of people, every day, are prepping. The fact that I don't have to explain the definition of the word 'prep' says volumes. Costco is selling 30 day emergency buckets of food, alongside the large economy bottles of vitamins and 48 rolls of bum wipe.