Posted on 01/02/2014 11:12:18 AM PST by RKBA Democrat
Anyone who thinks it is a fantasy that government will simply just confiscate 10% of everyone’s accounts in Europe better have another look at the fool they see in the mirror staring back at them. This IMF solution is traditionally French and is really coming because the people in charge are effectively Marxists and this idea came from the IMF under the control of French ideology. They will expropriate these funds to save a banking system that they screwed up and will never reform anything because they are incapable of admitting any mistake.
These European government officials really are playing a dangerous game that is inviting total chaos, civil unrest, and may set themselves up for invasion. Instead of Napoleon invading Russia, it may be the other way around when they smell weakness.
Let me make this very clear. I have many French friends and they know the people in charge are just Marxists. Adam Smith wrote Wealth of Nations because he visited France to investigate Physiocracy that argued agriculture was the only real wealth. Karl Marx did not come up with Communism himself. He was more of a socialist. He did not advocate confiscating all property. It was the French movement of a commune at the time that convinced him their way was better. It was Engels who steered Marx into Communism. These ideas have emerged from France and this is why we have some of the most insane ideas still emerging from this country. There is a core philosophy among some that this socialism is correct.
The IMF proposal to expropriate everyone’s accounts in Europe will happen. The consequences could be absolutely the collapse in confidence that will be off the charts. Why should people trust government ever again or any bank for that matter?
My advise to Europe – move as much as you can buying US stocks for now and even take delivery of the share certificates to prevent them from finding accounts in New York and demand they too be handed over. Hollande will come up with that one you can bet. He will weaken Europe and destroy the future of generations yet to come.
This is what these people fail to understand:
"In theory there is no difference between theory and practice. In practice, there is"...........Yogi Berra
Splitting hair here. Socialists, Marxists, Communists. yada yada yada.....
When they start out confiscating ONLY 10% for all their failed ideology, you pretty much end up at the same end.
Won't work. They will reference accounts by social security numbers or corp. number.
Isn't she the commie psycho wench who was toying with the idea of having the Gov't take over the administration of everyone's 401Ks?
So, when Jarrett and her pals masterminded their one plan to control all of us they didn't take this one fact into account.
The Obama Administration's disregard for human nature has just ruined their plan for their Marxist Paradise, and it is just a matter of time before it all falls in on their faces.
Boo-Hoo.
yes, and she is revered by her comrades...congressional democrats
http://www.carolinajournal.com/exclusives/dems-target-private-retirement-accounts.html
That’s why we fool them we lynched them before they can do any more harm. I call it the ‘Kartographer Doctrine of Preemptive Lynching. ;-)
Lynch ‘em for thinking about it...
“Now where’d that ‘trial balloon’ come from? Oh, over there - get ‘em!”
It's a short leap to "investments".
The Obamabucks office will be right next door to Obamacare
A simpler solution they could implement is a mandatory 1% purchase of government bonds by retirement accounts. It starts small, as a way to supposedly diversify peoples’ holdings. Then up the percentage that must be held in government bonds. They aren’t officially confiscating it, but actually are.
the fed would have a grand time using money confiscated from retirement savings accounts to purchase more US govt debt, wouldn’t it?
and when the time comes to pay that debt? well just confiscate more money or “means test” the debt holders to decide whether they “need” to be repaid
sounds all too familiar
Incrementalism.
Works every time with the low info voter. i.e. most people.
Curiously, if you look at every idea connected to marxism you find an appalling lack of any regard for human nature.
Saul Alinsky dedicated his marxist tomes to Lucifer and neither one of them were fans of humanity as created by God.
That's the one thing I always bring up to the idiots who claim that "there's nothing wrong with socialism or communism in theory, it's just never been implemented properly." I respond that there are perfect implementations of them all around us. All you need to do is find an ant colony or a bee hive: Those are perfect examples of communism or socialism.
Mark
I will gladly donate my share in LEAD!
I don’t think that will work.............
“So any FReepers who have over, lets say, $100,000 in one account, break up the total to five separate accounts at five different banks or credit unions. “
The Fed could easily change the rules to a total of 100k no matter how many institutions...
That’s her.
'Tis the difference between a Liberal and a Conservative.
Conservatives would love to see everyone be successful.
Liberals define success as "making everyone just as miserable as they are".
I think that it's easier to find places that DON'T take Obamacare, than places which do.
Which, of course, is the endgame. Due to lack of participation, force all medical providers to take Obamacare. Then just ask the last legit doctor in the country "Please shut off the lights".
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.