Posted on 04/20/2015 7:07:12 PM PDT by Rusty0604
Stunned Greeks React To Initial Capital Controls And The "Decree To Confiscate Reserves", And They Are Not Happy
“... you eventually run out of other people’s money.”
Anyone who lives in Greece and doesn’t keep his money under the mattress is a fool.
This sounds pretty bad.
ok freepers - what course of action is best followed by the individual in these situations? Convert your cash as fast as possible to gold, .22L, food, and Jack hidden under the bed?
Greece has been under various monetary threats from its own government for years. Many even not as severe than this one. Now, they are following through.
This is the path America is walking towards.
And the first thing they will take is private retirements. The democrats can’t stand to see all that money that they think rightfully belongs to them.
This is like lifting up the cushions to look for change to pay the rent.
What’s next? Selling their plumbing?
The US needs Capitol Controls....
Rule 308 kicks in right after that.
Time to emigrate to Libya....
“Unexpectedly” has become the new badge of socialism.
Right now they’re trying to get at that money via inflation.
But inflation is way to low for them.
You’re right, at some point they are going to try for the Retirement and Bank accounts.
one is suspicious when they put money INTO a bank these days...
I can't wait till we're caught up with our expenses and kiss JP goodbye....
the implied idea was save into your 401k or IRA and it was encouraged by the govt....it would make up for all these companies taking away defined pensions....
then sham wow......fooled you....
Banning private ownership of gold and confiscating gold is usually one of the first things governments in this situation do. Remember Roosevelt did it to us.
We are hellbent on becoming another Greece, on a larger scale. No one will face up to our financial problems. The only thing that matters to the media is gay marriage, lgbt, gay wedding cakes, etc. Won't end well.
Everyone has fun when Commies are in Charge
They are not just going to just take it, that would be too open and obvious, people might turn off the TV and complain. Oh no, they will just change the rules on tax deferred savings. you will need to invest in “Government backed securities” in order to get tax deferral, and people will put hundreds of billions of dollars into T-bills and bonds. we will do it to ourselves, just like we have done everything else to ourselves over the last 25 years or so. it is not as hard as you think to steal 10 trillion dollars. i think it will be here in 10 years or less, you have got to boil that frog real slow.
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