The groceries you could purchase with $100 back in 2008 now requires $140. So 30% of the value of your $100 has been stolen from you by a government who prints up new money and then gives that money to others in the form of food stamps.
At least in Cyprus, they are being up front about what they are doing. But here, they go after the middle class while the upper classes exchange their dollars for investments that will retain their value.
Reparations are here already. Redistribution is here already. Yet we are too stupid to realize it.
Yet again another article from the National Review that is a little SHORT ON FACTS, And I like Thomas Sowell. But, here is what they are not telling you:
President Obama and the United States Treasury Dept are in Complete Control and in charge of Decision making at the IMF, this is OUR GOVERNMENTS PLAN being implemented in a Foreign Country.
There is already talk of changing 401k’s and how they are taxed (currently not taxed until you take it out). That is how I think our government could go after our savings. Other than the aforementioned method of devaluing our current buying power.
The Hoover Institution is a vile organization.
Antony Sutton was at the Hoover Institution years ago but was not allowed to continue giving up the secrets of new world order international banking.
Mr. Sowell is an intelligent man, but is careful to not “wander off the reservation” of international banking money.
The Hoover Institution is one of the organizations that new world order uses its public face to present big monopolistic money, capital, banking, etc., as being “conservative” and “free market”.
But they conveniently always slip in the notion that “creating money out of thin air” is preposterous. This keeps public opinion - amongst conservative and small business types - decidely against having the Treasury reassert its right to be the sole creator of dollars and give the central bank Fed the heave ho. And if somehow the Fed is nixed, new world order has therefore set up public opinion in the financial community to require the Treasury to go buy gold from international banking every time it wants to print dollars, thereby continuing the dependence of government on them (dealers in gold for centuries).
If you do a little reading on Hoover and its namesake, you’ll find new world order. Hoover wiped history clean of much of nwo 20th century operations, and the financing behind the “cleanup” has never been published. Hoover Institution is sitting on a lot of information damaging to nwo.
We’ll have a 1% bank transaction fee first,,, imho
Warning to all: the Cyprus story is being flagellated in the news to guage public response to the bank account confiscation.
Do you all hear this ?
This is a test.
Remember, ownership - and the ability to enforce one’s ownership rights - is the key to maintaining wealth.
An account can be seized by the government.
The productive role of financial institutions is to promote the investment of savings, and the efficiency of the investment of savings, as well as the overall degree of saving, and thereby, to raise the demand for and productivity of labor and the general standard of living.
The absence of the security of savings in financial institutions would mean that to an important extent individuals who have extra funds would lose the incentive to put those funds into the bank as savings, which would decrease investment. Instead, individuals in such a position, would thus have no alternative but to hold their savings in the form of hoards of money or accumulations of consumers' goods, such as jewelry, housing, and works of art. The consequence would be that their savings would not serve to make possible a demand for capital goods or for labor, The result of the lesser demand for capital goods would be that the extent to which the economic system concentrated on the production of capital goods would be correspondingly less. And thus, the ability to achieve a production of capital goods sufficient to make possible capital accumulation would be correspondingly less. The effect would almost certainly be economic stagnation at an extemely low level of productivity of labor.
The standard of living of the average worker would also suffer from the fact that savings that are hoarded or held in the form of accumulations of personal consumers' goods do not contribute to the demand for labor and the payment of wages, as do saving that are invested
It will happen here (again). They will find a way to steal from accounts while calling it something that sounds nice and harmless. It will be too complex for the average American to understand, and so the fascists in Washington will get away with it.
“Cyprus: Can It Happen Here?”
Why can’t it be both? Inflation until confiscation. Inflation works fine until something BIG happens. Inflation until the EU banks run and collapse “forcing” US to “do something”. Just because they are opting for inflation now does not mean they will not confiscate later under the right conditions.
Of course a Cyprus situation can happen here . . . the political class for some time has been contemplating the elimination of tax-favored retirement accounts, and retroactively imposing taxes on those accounts which to date have enjoyed deferrals for a one-time revenue boost.
Point One: America has already suffered the direct seizure of private financial instruments. Prior to 1932 American Citizens could own gold and silver bullion and coins and many did so. But Executive Order 6102, issued by FDR 5 April 1933 changed that. By 1 May 1933, 25 days later, everyone had to take their legally obtained and privately owned gold and silver coins, bullion and certificates to the Federal reserve in exchange for federal Reserve notes. If you didn't you could have been charged under a World War I statue (Trading with the Enemy - 1917) and either fined up to $ 10,000 (in 2010 dollars that was $ 180.0000)or/and 10 years in prison. Yes, everyone got $ 20.17 per ounce of gold (bullion, coin, or certificate paid in Federal Reserve notes. Wikipeda (who I quoted above) implies most owners of gold and silver immediately transferred their property to Switzerland.
If it happened once as a result of a sustained financial crises (3 years long at FDR's election) what makes anyone think it will not happen again?
Second. Wikipeda reported that the nation with the longest periods of bank closures, to prevent a "run" on the bank, from 1932 to 2008 was the US. We had 8 of the longest lasting bank closers. We are talking periods of time when the banks just lock their doors and suspend all financial operations.
Third. Recently the US banking industry suffered the impact of using private accounts to cover institutional losses. Remember MF Global in 2008/2009? We are still working through our national recovery from that series of events some 5 years later. I fully expect it to take another 5 years before we can start calculating that final bill.
Bottom line folks - it has happened here, in the US, in both the mid-term past (our grandparents) and immediate past (within 2 Presidential elections) and there is absolutely no guarantee that it will not happen again.