Posted on 01/21/2014 11:45:07 PM PST by 2ndDivisionVet
Good post!
I suppose we could use debit cards that transfer the ownership of some decimal number of grams of Gold or Silver in our bullion account to our dentist’s account.
The technology is all there - but of course we’d still be relying on the integrity of the daily audit of the private vault(s) where we kept our stuff.
Confiscation of wealth. The EU has instituted the confiscation of bank accounts, which can be expected to become an international form of governmental theft. This does not automatically mean that other assets, such as precious metals and real estate will also be confiscated, but it does mean that the barrier for confiscation has been eliminated. There is therefore no reason to assume that any asset is safe from any government that approves theft through bail-ins.
They’ve already signaled this:
IMF Paper: Debt-Ridden Western Nations May Resort to ‘Financial Repression’
http://www.cnsnews.com/news/article/barbara-hollingsworth/imf-paper-debt-ridden-western-nations-may-resort-financial
(CNSNews.com) – The highest debt-to-GDP levels in 200 years could force advanced Western nations to adopt “financial repression” measures typically reserved for economically unstable debtor nations, including mass write-offs and a tax on savings, warns a working paper published last week by the International Monetary Fund (IMF).
The lesson of Cyprus is that - as far as possible - nothing whatever should be left in any bank.
The most vicious enemy we’ll face as we pass into this new world will be the increasingly lawless and desperate Government.
And at least half of the population will always be on the Government’s side - eager to take whatever ‘the rich people’ have.
The Nation will swing left—to the point of Communism, then violence, maybe Civil War, and then head right—with a charismatic Leader of some sort. One Left wing think tank had Glen Beck as the supream Leader of a Facisit State—We would be lucky to have him. I hope for a franco or Peron rather than a Hitler. It will be fifty years before Democracy is re-established in America. People will flee to Mexico and Cuba for political freedom. 2018 is my guess.
Do they know that the Fascists (under Mussolini), the National Socialists (Hitler), the Peronists and the Soviets were all left wing?
The Left wing is all about totalitarian state control of wealth and wealth production - and the primacy of collective (and so-called minority) rights.
The Right wing is about having as small a state apparatus as possible. The Right wing champions the primacy of individual rights (this is the only true form of minority rights as individuals are the smallest minority of all.)
Don't fall for the Left wing's definition of fascism. If the Government controls the means of wealth production, then it is a fascist state.
Your Government is printing 75B a month and giving massive transfer payments to its political clients, while using the IRS and EPA to punish opponents of the regime.
Which is another way of saying: you are in a fascist state right now, right this minute.
(and before I get letters; I don’t believe that the UK is doing any better)
Recall that this is a regime that came into being on the back of a crisis – a “Serious Crisis” that they used to full advantage.
Is there any doubt they won’t try that again?
Two themes have been forefront the past few weeks – one the supposed wealth inequality BS and the Dear Liar’s threats to use executive orders to get what he wants.
BTW, I’ve been meaning to post a similar thread on these issues – thank you for doing it for me.
Everyone needs to spread the word on this very real possibility to lessen it’s effects and to dampen the regime’s use of it.
The Left relies on 'Hurt and Rescue' tactics.
Clinton created the conditions for Too Big to Fail: and they blossomed into 'necessary' Government intervention at the end of 2008, then QE1, QE2 etc. The US has yet to feel the full force of that debacle - when the dollar finally loses reserve status.
Now the Left are hurting healthcare in order to 'rescue' it with single payer.
I'm not sure that income inequality will be their weapon: I think its just a distraction from the ongoing healthcare fiasco.
But I could certainly be wrong - Obama is just crazy enough to try raising the minimum wage by fiat, or to try unconstitutionally imposing the forms of financial repression that have crashed and burned in France or Venezuela.
It's getting late. Good night all.
1) Of course is a distraction from the rest of the regime’s total screw-ups – that’s a given.
2) But it also a ‘populist’ theme that tells the Low info voters – hey, vote for us and we’ll steal from those evil rich folks and give you some of the loot.
And most importantly:
3) It set’s the ground work for a massive wealth redistribution effort in form of write-off from loans – like student loans - and the seizing of savings.
You are quite correct.
I completely blanked on this for some reason, but Governments around the world are maneuvering to steal our pensions and our bank accounts. Some are proposing wealth taxes. The wealth inequality polemic is an integral part of this class warfare.
We are in the final act of the Age of Theft when Governments declare an open war of enslavement against humanity.
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