IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high

[link to www.godlikeproductions.com]

The policy is essentially a confiscation of savings, partly achieved by pushing up inflation while rigging the system to stop markets taking evasive action. The UK and the US ran negative real interest rates of -2pc to -4pc for several years after the Second World War. Real rates in Italy and Australia were -5pc.

IMF A Dangerous Marxist Entity That Is Hell-Bent on Destroying Liberty For All




Last Edited by No Dhimmi on 01/03/2014 07:55 AM

So,then, the taper is just a headfake.I reckon Yellen will be printing 150 billion per month by this time next year.

The crash will happen September 2015.

SAVINGS TAX!



So those people who were sensible, saved what they earn and didnt buy houses a cars and big screen tv's on credit have to now pay because of everybody elses debt!

BRIGHT IDEAS GALORE!

From the comments section of the article:

I knew this would happen, after what happened in Cyprus when they raided bank accounts last year to pay down the debt, it only set the precedent........The IMF pulled it off and the rest of the worlds banks were watching, and licking their chops, to see if Cyprus would get away with it. Well they did, no major insurrection, and it's no longer a news story....the world forget about it!

Now their eyeing this prospect again.....except on a global scale.

The bad part of all this is, they (the banking system) already has your money (checking, savings, retirements 401k, pensions), all they have to do is click the mouse and your broke, or no longer have access to your hard earned money.
This is scary stuff folks, this is what happens when socialist are given power and are allowed to run amok in high levels of business.

Thread: The collapse of Socialism (aka: Leftism) is unfolding before everyone’s eyes

savings tax..they'll dip in and take a certain percentage of all accounts.

Old but good graphic

Theft. Honestly, if they do this here, bankers had better have a LOT of security. People are already getting hungry. Add angry and victimized to the list of grievances and we may well have an honest chance at revolution.
Wishful thinking, I know.

Then again, Just waiting for them to lay us over a bench and rape the life out of us isn't living and is most certainly NOT working to fix anything. (RANT FUCKING ON!)

Jesus, I live in Texas and even the local and state governments are corrupt as fuck. When I lived in Utah, they were corrupt as fuck there too. When I lived in Oregon, Washington and Wyoming, corrupt as fuck. Guess what? Lived overseas a bit too. Corrupt as fuck there too. I am sick of it. Literally everywhere I have lived on this planet was full of corrupt assholes running the show while stealing from the people they claim to represent and protect!

I have seen small towns and even whole counties reject the rule and authority of those same assholes only to watch those towns be slowly destroyed over time by dickhead leftists/communists from California and New York moving in because things got good and they can't fucking have that! There are also the ones that are flat assaulted by Fed forces. Murder is legal if you carry a badge.

I believe widespread revolution and the return of our true Constitutional Republic is our only real hope now. And the chances of success are slipping into oblivion every day it doesn't happen.

The IMF & The Destruction of Capital Formation

. . . such a confiscation is incredibly DEFLATIONARY for it will reduce the money supply since the confiscation will cover losses – not stimulate the economy.



[link to armstrongeconomics.com]

The only people I know who are saving money are the banks. All that loot that they were supposed to lend us, instead, they haven't lent it to us. So, tax away!

Real problem is, once they have taken a % of our banking balances they will inforce "forced loans" and nationalize our 401Ks and like investments. They will most likely take all of our balances and replace them with some form of Gov Bonds. Forced Loans have been a sign, historically, of the last legs of a government.