Wednesday, April 15, 2015
Where’s your money going today!
Shocking new revelations demonstrate once again that, if you think your money is safe in the bank, you need to think again. Coming on the heels of a recent New York Times report that the nation’s biggest banks have willingly turned bank accounts over to the IRS for total confiscation, the Wall Street Journal now reports that banks are working with the Department of Justice to turn customer bank accounts over to the police for seizure! It’s all done in secrecy, often initiated by the bankers. Tragically, bank account holders don’t even know they’re being targeted until after the money is seized from their accounts. The banks’ deplorable actions have already resulted in millions of dollars stolen from U.S. citizens without a shred of due process. And in 80% of the cases, no criminal charges were ever filed. Even more alarming — in a matter of just a few years — these cases of unconstitutional bank account seizures have risen over 500%! Experts advise that you have only ONE choice if you want to protect your savings and retirement from the corrupt banks and government.
As recently reported by the New York Times, banks have already been reporting millions of cash deposits under $10,000 to the IRS. From there, the IRS is arbitrarily deeming these deposits suspicious and seizing all the money in these accounts — without any evidence of a crime, without filing criminal charges, and without allowing the account holder to fight the confiscation in court!
What’s more, the number of IRS seizures has increased over 500% in just a few years, and in 80% of the cases the IRS never files a criminal complaint against the individual being seized. The median amount seized by the IRS is $34,000, while legal costs can easily mount to $20,000 or more. Individuals who are the victims of seizure often cannot afford to fight. How big are the accounts the bankers turn over to the government for seizure? The following are just a few of the horrifying cases exposed by the New York Times:
The government confiscated $447,000 from a family business in New York
The government confiscated $33,000 from a small restaurant owner in Iowa
The government confiscated $66,000 from an army sergeant in Virginia who was saving the money for his daughter’s college education
So when the police now come walking into the bank to investigate your cash deposits or withdrawals, don’t just assume you will have your day in court. You may wake up tomorrow and find your bank account has been seized!
As first exposed by the Wall Street Journal, the Department of Justice and bank regulators are unconstitutionally pressuring banks to refuse banking services to perfectly legal industries, under the guise that they pose a “reputation risk” to the bank. Not surprisingly, two of the main industries targeted by this illegal program just happen to be two of the biggest threats to the federal government: guns and gold. That’s right, the federal government is actively trying to choke sellers of guns & precious metals out of the financial industry. The government’s stunning objective with such an operation: to cut off American citizens from access to guns & gold completely. So if you’ve been waiting for the opportunity to defend your savings & retirement from government overreach, you better act soon.
As initially reported by the Wall Street Journal, “Operation Choke Point” was secretly launched to cut certain industries off from banking services, under the pretense that they jeopardize the “reputation” of the banks. Since no company can survive in today’s world without the ability to make banking transactions, Operation Choke Point’s clear objective is to destroy certain industries. Which industries? As reported by the St. Louis Post-Dispatch, critics believe “it’s a thinly veiled ideological attack on industries the Obama administration doesn’t like,” such as gun sellers, precious metals companies, and coal producers.
What’s more, Operation Choke Point is conducted without first having shown that the targeted companies are violating the law. All of the targeted industries are perfectly legal, and the companies have not been charged with any crime. So the government is shutting legal companies out of the financial industry – effectively shutting them down – without any shred of due process! And this comes on the heels of numerous government programs to unconstitutionally confiscate citizen savings & retirement. The U.S. government is officially out of control!
There’s no need to explain why the federal government would want to shut down gun manufacturers & sellers. A well regulated militia, although necessary to the security of a free state, is a direct threat to a tyrannical government. The question is, why target gold? The obvious answer: gold is as great a threat to the nefarious interests of the state as guns are!
Why? Because the United States and governments across the globe are increasingly turning to private wealth confiscation in order to manage their massive debts and maintain their power structure. Throughout America, police seize cash from innocent citizens without ever charging them with a crime. Bankers conspire with the IRS to seize the accounts of innocent citizens with no notification, no court order, and no charge of crimes. The IMF proposes global wealth confiscation as a means of funding bankrupt governments. And Congress passes controversial new laws to make your savings & retirement a prime target for confiscation.
Gold & silver have been the best wealth protectors for over 5,000 years and have survived every government & currency collapse in history. But now the government threatens your ability to access gold & silver at a time in history when you most need it — a time when governments are going bankrupt and global banks teeter on the edge of total collapse. So the time to act is now. Protect your savings & retirement with physical gold & silver while you can still get it… before you have nothing left to protect.
In his latest State of the Union address, Obama shocked Congress with his proposal to tax college savings plans to pay for his new programs. His proposal is nothing more than confiscation-through-taxation, and it comes on the heels of a number of alarming government programs to confiscate citizen savings & retirement. The United States and governments across the globe are increasingly turning to private wealth confiscation in order to manage their massive debts and maintain their power structure. Throughout America, police seize cash from innocent citizens without ever charging them with a crime. Bankers conspire with the IRS to seize the accounts of innocent citizens with no notification, no court order, and no charge of crimes. The IMF proposes global wealth confiscation as a means of funding bankrupt governments. And Congress passes controversial new laws to make your savings & retirement a prime target for confiscation. So if you want to protect your hard-earned savings, the time to act is NOW!
Desperate government officials will always resort to expropriation, be it through excessive taxation, inflation, debt accumulation, deficits, or outright confiscation. With the Federal Reserve currently buying 90% of the U.S. Treasury market (and going insolvent doing so), who do you think the government will lean on to finance the debt when the Fed runs out of ammo? The answer is YOU. In fact, the U.S. government has made several highly controversial moves to make your savings & retirement accounts a prime target for confiscation! They’re using legislation and authoritarian power in collusion with the modern financial system to gain access to your private assets in the name of “protection”, “security” or “national emergency.” But in reality, your savings & wealth are being targeted as a revenue source.
In back-to-back State of The Union addresses, Obama announced new initiatives aimed at getting to your savings & retirement money. Obama’s latest proposal is to tax citizens’ college savings plans to pay for new programs, such as making the first two years of community college free. So hard-working Americans will now have a portion of their children’s college savings confiscated through new taxation. This comes right on the heels of Obama’s previous initiative: the MyRA. MyRA means your retirement money will now be used to pay for U.S. debt. The MyRA is nothing more than an investment scam being sold to the American people as a you-can’t-lose, zero-risk investment. But in reality, the Fed can’t conjure up money from thin air to buy the debt anymore, and our foreign friends don’t want our debt anymore, so Obama needs YOU to finance the debt.
The Foreign Account Tax Compliance Act, or FATCA, took effect in 2014. FATCA requires foreign banks to disclose the identity and details of Americans with foreign accounts. Foreign Financial Institutions must report our account numbers, balances, names, addresses, and U.S. identification numbers. If they do not, they will receive a FATCA letter warning them to comply, or else. What happens if a financial institution doesn’t comply with U.S. demands? FATCA cuts off companies from access to critical U.S. financial markets if they fail to pass along American data – tantamount to financial warfare against many of our own allies. Fearing the wrath of the U.S. government, more than 100 nations have agreed to the law, including the Vatican! Even Russia and China have been intimidated into signing on.
As first reported by Forbes, the International Monetary Fund (IMF) dropped a bomb in its October Fiscal Monitor Report. The report paints a dire picture for high-debt nations that fail to aggressively “mobilize domestic revenue,” which is code for “aggressively tax its citizens.” It goes on to build a case for drastic measures and recommends a series of escalating income and consumption tax increases – culminating in the direct confiscation of assets. Why is the IMF proposing this? Because global governments and central banks pumped trillions of dollars of YOUR money into the banks and stock market over the last several years, catapulting public debts to tens of TRILLIONS of dollars. But now, governments and central banks can no longer sustain these debt levels, and global wealth confiscation is their only way to maintain the Ponzi scheme.
You read that right: the IMF wants to take 10% of your private savings in addition to the taxes you’re already paying. But is that only the beginning of the proposed wealth confiscation? The report’s most chilling aspect is the clinical manner in which it discusses how all governments can work together to track and tax your savings:
“Financial wealth is mobile, and so, ultimately, are people. … There may be a case for taxing different forms of wealth differently according to their mobility… Substantial progress likely requires enhanced international cooperation to make it harder for the very well-off to evade taxation by placing funds elsewhere.”
As Forbes points out, there are three key points to take away from this report:
IMF economists know there are not enough rich people to fund today’s governments even if 100 percent of the assets of the 1 percent were expropriated. That means that all households with positive net wealth—everyone with retirement savings or home equity—would have their assets plundered under the IMF’s formulation.
Such a repudiation of private property will not pay off Western governments’ debts or fund budgets going forward. It will merely “restore debt sustainability,” allowing free-spending sovereigns to keep tapping the bond markets until the next crisis comes along—for which stronger measures will be required, of course.
If politicians should fail to engage in this kind of wholesale robbery, the only alternative scenario the IMF posits is government bankruptcy and hyperinflation. The IMF makes no proposes to reign in the Ponzi-scheme entitlement programs that are bankrupting us.
Forbes argues that this is where the bankruptcy of the modern entitlement state is taking us—capital controls and exit restrictions “so the proverbial four wolves and a lamb can vote on what’s for dinner.”
Gold and even silver best thing you can have for the future!
Taxes are going to climb since were all to sheepish to do anything about and over controlling government. If can’t force to cut government access then slaves we will all become!