Posted on 03/27/2013 11:43:55 AM PDT by grumpygresh
If the gas and groceries were "non-existent," whipping out any currency would have had the same result.
Re-read my post.
What I meant was - I didn’t say they wouldn’t consider banning here at all. But that it IS a big step away that we may not get to.
But yes, just like gun control - once they know where all the guns are via a forced registration, then it is easier to confiscate them.
I have no doubt Obama et. al. are drooling at the thought of confiscating our savings after watching Cyprus get away with it. I think they’d rather just steal our money in savings accounts and 401ks and skip the step of monitoring who is spending what.
It’s the bank that has to do the reporting. So it is even more under-handed because it is done without our consent.
Congrats. I've been doing that for years. I value my privacy. Digital transactions are stored in databases and spied by others. As for safety, friends of mine have had their accounts compromised by digital thieves and identity theft. Transfer money to relatives and friends by purchasing things for them, totally legal (keep it under 5 figures), that they would have had to purchase themselves. It should not be anyone's business how you spend your money. Haven't paid my lawyers in cash yet, interesting idea.
“I have no doubt Obama et. al. are drooling at the thought of confiscating our savings after watching Cyprus get away with it. I think they’d rather just steal our money in savings accounts and 401ks and skip the step of monitoring who is spending what.”
Forced conversion of pension plans to treasuries would precipitate a major market collapse almost instantly. All those pension plans would have to liquidate their holdings of stocks and bonds which would result in a massive sell-off and market closure. The private sector would be deprived of capital and the economy would seize up. No doubt, panic would spread with a run on bank deposits. Banks would close, and so would ATMs and EBT cards; riots to follow.
So perhaps, outright confiscation of accounts without conversion to treasuries would be more feasible. It’s just a wealth transfer from the rich to the uber-rich elites. That seems to be the point of the Cyprus experiment.
Aren’t you glad the Russians stick up for free enterprise? /s
[snicker]
Thanks grumpygresh.
I had to buy a new car in 2008 in Russia’s official Nissan dealership. I first offered them a payment via bank but it was as unusual and weird for them so I ended up in line with a bag of rubles worth $45,000. There were about a dozen people with bags as well. One Asian woman had over $100,000 in cash on her for an Infinity QX.
Obama is a fascist, not a communist. He is happy to have his buddies get rich from Gov’t subsidies and “loans.” He (and his beastly wife) has a taste for the finer things in life which could not be had if the whole world was communist.
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