Posted on 10/18/2013 7:39:48 AM PDT by Rusty0604
Another of history’s many lessons is that governments under pressure become thieves. And today’s governments are under a lot of pressure. Before we look at the coming wave of asset confiscations, let’s stroll through some notable episodes of the past, just to make the point that government theft of private wealth is actually pretty common...
Will more countries introduce capital controls or asset confiscations in the next few years? Duh, of course. Debt levels are unmanageable, so they have to be lowered. And there are only three ways to do it: deflationary collapse that wipes out the debt through default, inflation that wipes out the debt by destroying the world’s major currencies, or stealing enough private sector wealth to reset the clock. Option one – depression – is political poison so will be avoided at all costs. Option two is being tried and is failing because the deflationary effect of trillions of dollars of bad debt more or less equals the inflationary impact of trillions of dollars of new currency.
That just leaves door number three, demonize the successful and take what they’ve accumulated. Recall from the historical list that opened this post that governments like to pick on members of society who 1) have lots of money and 2) have lots of enemies or can easily be framed for crimes. This time around it will be “the rich” who are living well at the expense of the rest of us. The trick will be to define “rich” down far enough to make possible the confiscation of middle-class IRAs and 401(K)s, since that’s where the real money is.
(Excerpt) Read more at dollarcollapse.com ...
Printing more money and raising the min wage will make our savings worthless.
We’re already getting taxed on 1-2% interst. Best to bury it in the yard.
Many years ago, Texas seized the teachers’ retirement “temporarily” and it’s never been repaid.
Is there a field test kit available to test if gold or silver coins are real and pure?
Have you checked with the NSA? It might not be a variable.
Best to bury it in the yard.
++++++
Just make sure it’s dry and STAYS dry, oh and don’t forget to spray it for silverfish.
A little Breaking Bad information there.
That is what my wife says, she is always looking for the black helicopters over the house...
I think they are doing a good job with option 2, if you consider the real inflation rate as suggested by shadow statistics.
What are silverfish? What about goldfish?
well..it is both. Pour paychecks, whether from labor or investments, is indeed our property and they get their grimey little hands on them by using the employer as the tax collector.
Put your money into old comic books instead...
Nicolas Cage’s Superman Comic Nets Record $2.1 Million at Auction
Cage bought it in 1997 for about $150,000.
Just pray you don’t have a fire, flood, or mice...
I’m reminded of scripture about building up things that will pass away vs. building up treasures in heaven.
-PJ
Comic books, toys, sports cards, etc., can be good investments.
You should buy collectibles insurance if you have a lot of those type of valuables. You also have to worry about theft, which might be the biggest risk of all. If you read the article, Cage’s Superman comic book was stolen from him and not recovered for about a decade. His first appearance Batman comic book was never recovered. But he did have insurance.
I guess if the economy really collapses though, there won’t be quite as many prospective buyers for these things.
Shoot retired public employees. Will save a ton of money
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