10% Savings Confiscation?
#11
Posted 03 January 2014 - 11:22 AM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#12
Posted 03 January 2014 - 11:40 AM
#13
Posted 03 January 2014 - 11:45 AM
They won't confiscate your IRAs or 401Ks right off the bat, but they will make it mandatory for us to buy "safe and secure" treasuries -- just like the Social Security Administration is mandated to do. Some proportion of our portfolios will be US bond based as a pre-requisite to maintaining the tax exempt status.
I don't think so, I think the test case and pattern was Cyprus.
I do think we will see Europeans exercise this again in the future...
Then our "handlers" will try it here.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#14
Posted 03 January 2014 - 11:49 AM
Keyword: TRANSFER - meaning? Confiscate.
Announcing the long-awaited overhaul of state-guaranteed pensions, Prime Minister Donald Tusk said private funds within the state-guaranteed system would have their bond holdings transferred to a state pension vehicle, but keep their equity holdings.
Edited by SemiBizz, 03 January 2014 - 11:49 AM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#15
Posted 03 January 2014 - 12:05 PM
Edited by redfoliage2, 03 January 2014 - 12:06 PM.
#16
Posted 03 January 2014 - 12:15 PM
That will drive the money to physical gold which should performs well in 2014.
The government already confiscated that once - what makes you think they wouldn't do it again?
#17
Posted 03 January 2014 - 12:26 PM
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#18
Posted 03 January 2014 - 12:29 PM
That will drive the money to physical gold which should performs well in 2014.
The government already confiscated that once - what makes you think they wouldn't do it again?
It's still much safer and flexible with physical gold than in your accounts in case the gov. wants to do something to your assets.
#19
Posted 03 January 2014 - 01:33 PM
Edited by pdx5, 03 January 2014 - 01:37 PM.
#20
Posted 03 January 2014 - 01:40 PM
It's still much safer and flexible with physical gold than in your accounts in case the gov. wants to do something to your assets.
They have your records of gold purchases. Heck, they have recorded every phone call or email
we ever sent. Brokers are required to report every transaction to Big Brother.