Preppers’ PING!!
Why do you think they are so anxious to get guns/ammo under control here?
some possible clues to your question ... http://www.freerepublic.com/focus/f-news/2904309/posts?q=1&;page=1
I hope the Cypriots are quick to get their money. This amounts to theft.
I’m surprised they’re doing it this directly, but I guess they have no choice.
Typically a country would accomplish the same (usually a lot more, in fact) simply by devaluing their currency, as Russia and Argentina did is recent decades, thereby extracting more like 60 to 99% of the value of accounts.
But Cypress is tied to the Euro, so they have to be more direct - and simply grab the money flat-out. In any case, the governments know where the money is, and they WILL get their hands on it. And if the people of Cypress think this will end (i.e., no more confiscations), they will be in for a BIG SURPRISE.
The entity that will do it is the IRS because they already have the legal power to do it. I would bet most of us have direct deposit of some funds, so those would go in our account and right back out automatically to the IRS. If you get a Social Security check that way, perhaps they would just keep it to start with and not send it to your bank.
You bet I think this could happen. When Hussein says, as he just has, the debt is really nothing to worry about for a while, that means he is likely to take our money soon while we aren't worrying because he said don't worry.
Going totally Galt sounds more likely for me every day, just drop out like a hermit.
Every payday put aside a little extra cash for emergencies. I figure the bank’s not paying much more interest than the mattress does, might as well have some cash at hand.
My neighbor is now removing all of his funds from the bank and doesn't feel he should put the money in any bank. Can't say I blame him. I wonder how long it will be before the banks actually have an IRS agent in-house to interrogate you after each transaction.
http://beforeitsnews.com/economy/2012/11/confiscate-iras-401ks-obama-begins-to-push-2463816.html
The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities(aka Treasury bonds that the Treasury currently can’t sell to anyone but the Fed).
National Seniors Council Director Robert Crone warns: “This whole issue is moving forward very quickly. Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would be automatically deducted and deposited into this account. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts.“
All your retirement savings are belong to us:
A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.
The House of Cards is beginning to tumble.
We’re living on borrowed time.
Look what is happening right before your eyes and take heed. There’s a Great Storm coming you can feel it.
Listen to what the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it. NIV Proverbs 22:3
One of the things Selco covers in this article is the fact that many will not accept that a breakdown is occurring even as they watch it happening before their eyes. Why don’t they realize it? It’s caused by a condition called ‘Normalcy Bias’ a mental state people enter when facing a disaster.
It causes people to underestimate both the possibility of a disaster occurring and its possible effects. This often results in situations where people fail to adequately prepare for a disaster, and on a larger scale, the failure of governments to include the populace in its disaster preparations. The assumption that is made in the case of the normalcy bias is that since a disaster never has occurred then it never will occur. It also results in the inability of people to cope with a disaster once it occurs. People with a normalcy bias have difficulties reacting to something they have not experienced before. People also tend to interpret warnings in the most optimistic way possible, seizing on any ambiguities to infer a less serious situation.
A good article on ‘Normalcy Bias’ is on our own ChocChipCookies Blog The Survival Mom:
http://thesurvivalmom.com/2010/12/29/normalcy-bias/
You either prepare and stand on your own beholden to no one or you become dependent on others to provide your basic needs and become their ‘serf’. Me I don’t want to be beholden to anyone for providing what is needed for me and mine. I certainly don’t want to have to kiss some ‘gubberment’ third class bureaucratic to try and coax some help from them, I don’t want some ‘jack booted’ thug herding me in line and telling me where to stand, sit, eat or sleep. And last but not least I don’t want to be shut up in with a bunch of ‘zombies’ and have to worry about not only trying to get basic necessities but having to fight to keep what I manage to get.
Its your choice you can prep or you can stand around on a bridge waiting for FEMA to bring you a bottle of water, a MRE, a warm blanket and a kiss for your boo-boo and maybe you can even get your picture as you stand there on the national news.
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpful. You can download it at:
http://tomeaker.com/kart/Preparedness1j.pdf NOTE! THIS IS A FREE DOWNLOAD. I DO NOT MAKE ONE CENT OFF MY PREPAREDNESS MANUAL!
For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, cash Imyself have been putting up change for the past few years both for the metal content and the fact that using change places you down the the list of possible marks during shtf, tools, things you buy everyday start buying two and put one up.
As the LDS say “When the emergency is upon us the time for preparedness has past.”
Again I like to recomend FReeper’s ChocoChipCookie Blog The Survival Mom (Please Blog Police let this one slide!) Where you can get lots of useful information like:
http://thesurvivalmom.com/2011/11/20/8-morale-boosters-for-any-worst-case-scenario/
http://thesurvivalmom.com/2010/02/02/survival-priorities-the-rule-of-three/
And More
Also there is Ferfal’s Blog a survivor of Argentina’s first collapse:
And there is Selco’s Blog a Bosnian War survivor at:
“There is no greater disaster than to underestimate danger. Underestimation can be fatal.”
Bump
I’ve been expecting something like this for a long time. It’s called a “paper run” on banks, where people are desperate to get paper money they control instead of having virtual money they do not.
Importantly, in the last few years, several banking laws have been changed to make such confiscations, even of formerly sacrosanct “demand accounts”, much easier. Now banks can, on their own, declare a holiday up to two weeks with no government actions needed.
But this invokes some real weirdness. The US Bureau of Engraving and Printing only has two offices that print all US currency, and working around the clock, they can only maintain a token amount, some 5% of US daily retail. Mostly $1 bills, and proportionately fewer higher denomination bills. There is so little currency that they can’t even print $500 or $1000 bills, because nobody could make change for them.
But virtual money can be created or taken away with just a few strokes on a keyboard.
So if a “paper run” happened in the US, the banks would be emptied of currency in an hour. Then everyone would demand paper and refuse virtual money manipulated by the government.
Thus it would be a very good idea to have mattress money in a safe place at home.
Good thing I don’t have any money. They can’t take 10 percent of nothing!
You’ll know it’s coming when the government ramps up the announcements that no matter what happens, ordinary depositor accounts will never be touched.
Back on March 3, the Cyprus government announced just that: that under no circumstances would the bailout involve depositor accounts. From Wall Street Journal March 3: “Newly elected President Nicos Anastasiades wasted no time setting out his stall for
negotiations on a possible €17 billion ($22.14 billion) bailout required before the
country runs out of money in June: “I want to be absolutely clear. Absolutely no
reference to a haircut on public debt or deposits will be tolerated. Such an issue isn’t
even up for discussion,” he told Parliament on his first day in office.”
Ireland’s already making noises like this, so they’d be a good bet for Round 2. Likely most Euro govs have already started working on similar plans, and we know the US has already at least considered this. The more frequent the reassurances get, the closer the haircut is (gotta keep the depositors from panicking and pulling out before the gov gets its cut).
Should also add that supposedly, Cyprus banks were being used as a safe haven for Russian “Black money”, which was allegedly really KGB money. If that’s true, any guesses as to how Russia will react to having all their assets locked away?
The EU was a bad idea. We studied this back in the 90’s when it all happened. In our MBA class, we knew it would fail.
Ta-da!
Just wait until Obama fails.
YOU AIN’T SEEN NOTHING YET.
That’s why I’m not contributing to the 401(k) at this time. There is, after all, a socialist infestation in DC.
The transvestite LaGarde and the NWO bankers must be stopped.