IMF Proposing 10% Supertax Bail-in On All Eurozone Household Savings

[Horn]

“The sharp deterioration of the public finances in many countries has revived interest in a “capital levy”— a one-off tax on private wealth—as an exceptional measure to restore debt sustainability.

Like a janitor in a public restroom calling a clogged toilet fixed,

when alls he did was turn off the water valve.

[mamboni]

Government Has Contemplated Seizing Pension Money for Over a Decade

Posted on October 20, 2013 by WashingtonsBlog
When the Chips Are Down, the Government Will Be Tempted to Grab Our Assets

Ireland, Hungary, Poland, Cyprus and other countries have seized pensions as part of move by governments to use long-term assets to fill “short-term deficits”.

Russia has “temporarily” seized private pensions while it carries out “inspections”.

But certainly America would never seize our pension funds … right?

Well, after Argentina seized its pension funds, Ambrose Evans-Pritchard – International Business Editor for the Telegraph – wrote:

It is a foretaste of what may happen across the world as governments discover that tax revenue, and discover that the bond markets are unwilling to plug the gap. The G7 states are already acquiring an unhealthy taste for the arbitrary seizure of private property, I notice.
***
My fear is that governments in the US, Britain, and Europe will display similar reflexes. Indeed, they have already done so. The forced-feeding of banks with fresh capital – whether they want it or not – and the seizure of the Fannie/Freddie mortgage giants before they were in fact in trouble (in order to prevent a Chinese buying strike of US bonds and prevent a spike in US mortgage rates), shows that private property can be co-opted – or eliminated – with little due process ….

Forbes’ Richard Eisenberg claims that the government is targeting our 401ks with taxes.
Indeed, rumors have swirled around Washington that the government was considering seizing funds from our 401k accounts.


Martin Armstrong predicted last month:

Government Will Seize All Pension Funds Globally – In the US that will Include 401Ks….

And Paul Craig Roberts – former Assistant Secretary of the Treasury under President Reagan, former editor of the Wall Street Journal, listed by Who’s Who in America as one of the 1,000 most influential political thinkers in the world, PhD economist – notes that some government officials have considered this option more than a decade ago:

Matt Taibbi’s report on the looting of state and municipal pension funds in behalf of Wall Street’s financial gangsters heralds what is in store for our private pensions.

http://www.globalresearch.ca/looting-the-pension-funds-wall-street-is-grabbing-money-meant-for-public-workers/5352934

American conservatives who are so pleased that “those damned bureaucrats who live on the public tit” are getting their comeuppance fail to see the precedent for their own private pensions.

As long ago as the Clinton regime, Alicia Munnell, an economist at the Federal Reserve Bank of Boston who was appointed Assistant Secretary of the Treasury for Economic Policy, the position I had held in the Reagan administration, advocated confiscating 15 percent of private pension funds on the basis of the argument that the pensions had accumulated tax free.

The writing is on the wall for private pensions. Once the dollar becomes too weakened by the printing of vast amounts of them in order to finance Washington’s budget deficit and to support the solvency of “banks too big too fail,” QE will have to end. Desperate for money to fill the gap, Washington will turn to confiscation of private assets should any be left after the coming economic collapse.

If this sounds like a whacky conspiracy theory, please remember that the American government has seized private assets before, and President Obama authorized seizure of property again last year. (And the U.S. government’s take-down of Megaupload was also an exercise of the power to seize all of the legal property held in a storage facility because a handful of crooks have illegal property in theirs.)


And the American government long ago decided to save the banks at the expense of the American people. And many have said that the government will grab bank deposits as Cyprus did … and the Fed hasn’t exactly dispelled the possibility.
Postscript: The big banks are trying their best to grab your money before the government. Specifically, the big banks have shaved money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here.


http://www.washingtonsblog.com/2013/...-a-decade.html

[vacuum]

Government Has Contemplated Seizing Pension Money for Over a Decade

Posted on October 20, 2013 by WashingtonsBlog
When the Chips Are Down, the Government Will Be Tempted to Grab Our Assets

Ireland, Hungary, Poland, Cyprus and other countries have seized pensions as part of move by governments to use long-term assets to fill “short-term deficits”.

Russia has “temporarily” seized private pensions while it carries out “inspections”.

But certainly America would never seize our pension funds … right?

Well, after Argentina seized its pension funds, Ambrose Evans-Pritchard – International Business Editor for the Telegraph – wrote:

It is a foretaste of what may happen across the world as governments discover that tax revenue, and discover that the bond markets are unwilling to plug the gap. The G7 states are already acquiring an unhealthy taste for the arbitrary seizure of private property, I notice.
***
My fear is that governments in the US, Britain, and Europe will display similar reflexes. Indeed, they have already done so. The forced-feeding of banks with fresh capital – whether they want it or not – and the seizure of the Fannie/Freddie mortgage giants before they were in fact in trouble (in order to prevent a Chinese buying strike of US bonds and prevent a spike in US mortgage rates), shows that private property can be co-opted – or eliminated – with little due process ….

Forbes’ Richard Eisenberg claims that the government is targeting our 401ks with taxes.
Indeed, rumors have swirled around Washington that the government was considering seizing funds from our 401k accounts.


Martin Armstrong predicted last month:

Government Will Seize All Pension Funds Globally – In the US that will Include 401Ks….

And Paul Craig Roberts – former Assistant Secretary of the Treasury under President Reagan, former editor of the Wall Street Journal, listed by Who’s Who in America as one of the 1,000 most influential political thinkers in the world, PhD economist – notes that some government officials have considered this option more than a decade ago:

Matt Taibbi’s report on the looting of state and municipal pension funds in behalf of Wall Street’s financial gangsters heralds what is in store for our private pensions.

http://www.globalresearch.ca/looting-the-pension-funds-wall-street-is-grabbing-money-meant-for-public-workers/5352934

American conservatives who are so pleased that “those damned bureaucrats who live on the public tit” are getting their comeuppance fail to see the precedent for their own private pensions.

As long ago as the Clinton regime, Alicia Munnell, an economist at the Federal Reserve Bank of Boston who was appointed Assistant Secretary of the Treasury for Economic Policy, the position I had held in the Reagan administration, advocated confiscating 15 percent of private pension funds on the basis of the argument that the pensions had accumulated tax free.

The writing is on the wall for private pensions. Once the dollar becomes too weakened by the printing of vast amounts of them in order to finance Washington’s budget deficit and to support the solvency of “banks too big too fail,” QE will have to end. Desperate for money to fill the gap, Washington will turn to confiscation of private assets should any be left after the coming economic collapse.

If this sounds like a whacky conspiracy theory, please remember that the American government has seized private assets before, and President Obama authorized seizure of property again last year. (And the U.S. government’s take-down of Megaupload was also an exercise of the power to seize all of the legal property held in a storage facility because a handful of crooks have illegal property in theirs.)


And the American government long ago decided to save the banks at the expense of the American people. And many have said that the government will grab bank deposits as Cyprus did … and the Fed hasn’t exactly dispelled the possibility.
Postscript: The big banks are trying their best to grab your money before the government. Specifically, the big banks have shaved money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here.


http://www.washingtonsblog.com/2013/...-a-decade.html

I wish I could tell people at work about this kind of stuff, not only about the 401k seizure but also about savings seizure and capital controls, but they just want to argue, need to see hard sources and proof, then if I show them something like this they'll find reasons it's alarmist, etc. It's just too much effort to try to help them and no good seems to come out of it, just blowback.

[Hatha Sunahara]

I wish I could tell people at work about this kind of stuff, not only about the 401k seizure but also about savings seizure and capital controls, but they just want to argue, need to see hard sources and proof, then if I show them something like this they'll find reasons it's alarmist, etc. It's just too much effort to try to help them and no good seems to come out of it, just blowback.

Don't waste your time trying to persuade people that something serious is coming. If you just convey the message that you believe we are in deep shit, the ones whose interest you stimulate will come to you and ask you for details. Before you make any effort to explain anything, vet them. Find out if they are seriously interested in preparing themselves, or of they are just trying to 'smoke you out' as a conspiracy theorist.

You'll get some reinforcement for this process if you go to Wikipedia and look up what they have to say about 'Conventional Wisdom'. You'll also get an idea why its so frustrating to get people to see what you see. What's really interesting is that after TSHTF, they will all claim that they could see it coming a mile away. And that YOU were all wrong about it. So, being forewarned and forearmed, conserve your energy. There is no profit in 'waking up the sheep'.


Hatha

[ximmy]

the people must suffer...

[chad]

just listened to a lindsey williams interview from rense.com the other night. his "insider" is predicting this.

[mamboni]

just listened to a lindsey williams interview from rense.com the other night. his "insider" is predicting this.

I'm beggin' ya' I'm beggin' ya'....do you have a link? I love listening to the Pastor. No other man can massage information and milk it into dry dust like the good Pastor. Oh my, did ya' catch that? Did you catch that word? You've got to listen for the buzz words! Now listen carefully and I'll say it again.........m a s s s a g e.....Ok, did you get a pen and paper? Did you write it down? Please, I'm beggin' ya'

[mamboni]

the people must suffer...