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10% Savings Confiscation?


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#11 SemiBizz

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Posted 03 January 2014 - 11:22 AM

Well, don't look now but the first step to confiscation is mandatory gun registration... That's already starting to happen in some states.
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#12 Lysis

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Posted 03 January 2014 - 11:40 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.

#13 SemiBizz

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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.
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#14 SemiBizz

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Posted 03 January 2014 - 11:49 AM

Already happened in Poland


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.

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#15 redfoliage2

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Posted 03 January 2014 - 12:05 PM

That will drive the money to physical gold which should perform well in 2014.

Edited by redfoliage2, 03 January 2014 - 12:06 PM.


#16 libertas

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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 AChartist

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Posted 03 January 2014 - 12:26 PM

The crown is protected, 14th ammend. You already have your wealth conf system running in auto at 5% annual clip, currency devaluation.

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some of them, and they don't work"  M.Jordan


#18 redfoliage2

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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 pdx5

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Posted 03 January 2014 - 01:33 PM

Will NOT happen before November 2014 Elections....I can bet on this. Incumbents will do nothing to hurt their chances of re-election. Why do you think Obamacare was rolled out safely after re-election in 2012? Although it passed 3 years ago? Web sites much more complicated than the Healthcare.gov are routinely rolled out in a year at fraction of the cost. Vote all the rascals out in next election, otherwise suffer the results.

Edited by pdx5, 03 January 2014 - 01:37 PM.

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#20 pdx5

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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.
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