Posted on 03/18/2013 12:20:36 PM PDT by SeekAndFind
You can bet your life that there is a Democratic think tank in Washington talking about this and how they can do it...will an executive order be enough...they are thinking what an easy way to redistribute money....
10%? That’s okay, it would never be more than that. We owe it to the government.
RE: I just completed that task last week. Better one day,week,month or year early than one proclamation late.
OK, let’s say you took your money out of your 401K, what then?
Where are you going to put it?
When it happens here, it won’t be 10%. It will be 100%. And the riots will start.
Not to excuse what the banksters did in Cyprus, but they effectively got away with the same theft in the crash they engineered in September 2008. Only the target was money in stocks, mutual funds, IRAs and 401Ks. The sheeple responded by electing their boy BO POTUS. Not once but twice.
No. The banskers have sent an even clearer message; "Once in the bank, it is no longer YOUR money. It is THEIR money.
I remind everyone, the US Federal Reserve System is owned and controlled by banks, not the US Government. They are behind moving us to fiat currency. They are behind devaluing fiat currency to destroy our wealth.
Everyone who can should be pulling all of their money out of "banks" and converting it into real wealth. What that real wealth is depends on what you can do. But here's the experience; those who prospered during the Great Depression had real disposable wealth, and they used it to purchase wealth producing properties at bargain basement prices.
This engineered cycle is nothing new. It ends in financial system collapse and war. Governments are guilty of abetting it. But banks engineer it. And it's not so much a conspiracy as the nature of the banking beast!
FDR use an illegal Executive Order to steal everyone's gold.
It should be required that all citizens spend at least 5 hours a month learning how money, banks and the government work.
If half the people of voting age understood how inflation works to rob them blind, we would have stopped this crap 10 years ago. I am absolutely sure that most of the population will wake up once the panic starts, but by then it will be too late.
Sorry to be pessimistic but in four years it seems that people are still completely ignorant of the huge horrible things that are happening.
I hope they pay you well.
but I wonder the wisdom of keeping money in any bank....we don't have much but since its not getting any meaningful interest anyway, should we just take it all out?.....
It doesn’t matter what interest rate Cyprus banks are paying. You can’t change the terms of the deal like this.
If investor knew ahead of time that they’d be depositing money for a 11% interest rate and a possible 10% tax at some future point, fine. That’s not what is happening.
Tell you what - go to a restaurant tonight. Order a $30 meal. When the restaurant then tells you AFTER you ordered and ate that all prices have gone up 10%, how do you feel? It’s fair?
This has already been beta tested with pensions in Ireland - 0.6% of your pension annually for 4 years.
Hear, hear!
I recall reading, but have not confirmed, that since the Federal Reserve System was established the dollar has lost 90% of its value. I do not doubt a massive loss in dollar’s value, whether or not it is 90%.
Now this loss means that the middle class’s accumulated wealth was and is being stolen. That is the real reason behind destabilizing and devaluing our currency, to transfer and confiscate wealth under color of law. This has been engineered by the Fed for the benefit of money institutions.
Americans have forgotten, indeed most have never known, that the Fed is unconstitutional. Congress and only Congress was absolutely charged by We The People through the Constitution with maintaining the stability of our currency. That Congress unconstitutionally ceded this responsibility and authority to the Fed was and is treason.
But We The People, not the traitors, are going to again pay for something that was already paid for in blood and sacred honor.
Unless bankers and politicians start dying yes they will get away with this and it will spread. What is to stop them?
If the world’s ruling elite keep squeezing us from so many directions we will see the value of lead far exceed the value of gold.
“...we don’t have much but since its not getting any meaningful interest anyway, should we just take it all out?.....”
We’re the same way. Wife pulled it ALL out today and locked it in the safe. Bank teller asked her: “All of it?” She said: “All of it...in cash, small bills no larger than $20”. Teller liked to crapped and went to the manager. An hour later, she walked out with ALL of it....cash, small bills. Bank couldn’t figure out why so many folks were withdrawing their money today. Mainstream media has tried to low-ball it in the USA, but the word is out on the street. No bank, not even here in the USA is safe anymore. Who ya gonna call when they lock the door shut, FDIC? Yeah....right! You’d have better luck calling odongo.
Zaaaaaactly! They are taking it into their custody to protect it from those rioters.
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