Posted on 09/26/2013 11:17:15 AM PDT by SeekAndFind
Edited on 09/26/2013 12:22:19 PM PDT by Admin Moderator. [history]
Now that "bail-ins" have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again. In fact, Cyprus-style wealth confiscation is already starting to happen all around the world. As you will read about below, private pension funds were just raided by the government in Poland, and a "bail-in" is being organized for one of the largest banks in Italy. Unfortunately, this is just the beginning. The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe. It is only a matter of time before we see this exact same type of thing happen in the United States as well. From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish.
(Excerpt) Read more at theeconomiccollapseblog.com ...
Coming soon to the US. They left has their eyes on 401ks.
They see other peoples money as the peoples money.
Maybe Daisy Mae Moses (”Granny”) on the Beverly Hillbillies had it right. . . INTO THE MATTRESS!
Many will cash it in with penalty before we let these leftist bastards do that.
To the mattresses!
Shoot them.
Yes, I’m calling for armed revolution when government steals wholesale.
Bfl
Purely Satanic behavior
I use a pair of my wife’s panties, in the panty drawer ... looks just like ... panties
confiscating dollars will never happen in the United States.
of course not... they’ll just deflate what you’re holding from the federal reserve. much simpler then going to all those banks and homes.
as for gold and other items of intrinsic value... they’ll be coming for the safety deposit boxes shortly
They see other people’s money as THEIR money.
If a bank can seize your money, there is no bank.
In my opinion, the loss of banking privacy has already started us on the way to the breakdown of banking.
People need to have the right to keep their financial affairs private. And they need to know that their money is secure, otherwise why would you use a bank to store your money? You would use it only to transmit it, not to store it.
Governments are using their power to batter down every last vestige of privacy and security in the banking industry. They are attacking its very reason for existence.
Canada ping.
I may be mistaken, but iirc, the CDIC protects your TOTAL deposits to a ceiling of $100k, inclusive of all accounts in all institutions. Spreading it among different banks offers no protection, unless they’re offshore.
What they’re doing is STEALING not confiscating to pay tax shortfalls. When you take something from someone else with no intention to repay it and its against their will its STEALING... Man the will to live in this day and age just keeps dropping lower and lower
Keith Ellison, “There’s plenty of money out there, its just that the government doesn’t have it yet.”
http://www.youtube.com/watch?v=c2M8WSH3JJM
Good thing I’m broke so there’s only pennies to raid.
Actually a very common attitude amongst leftists and sheeperals in general.
The plans were already written in 2007. It is just sitting on somebody’s desk waiting for the right crisis...
I pulled my retirement funds the day after the elections in 2008 and haven’t looked back.
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