The Cyprus Confiscation is a Gathering Meme

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garystamper's picture
garystamper
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The Cyprus Confiscation is a Gathering Meme

by Gary Stamper
via Collapsing into Consciousness

The Eurozone and Cyprus aren't the only ones beginning to move into bank confiscation. It seems it's contagious and being adopted by other countries, as well, and it's not only the western banking system that's coming after your bank account, your pension, and your stocks. If you've got it, they want it.

Cyprus-style "bail-ins" are actually proposed in the new Canadian government budget and were written before the Cyprus fiasco. Read about it here.

Dutch Finance Minister Jeroen Dijsselbloem is the president of the Eurogroup - an organization of eurozone finance ministers that was instrumental in putting together the Cyprus "deal" - and he has said publicly that what has just happened in Cyprus will serve as a blueprint for future bank bailouts.

The Finance Minister of New Zealand is proposing that bank account holders in his nation should be required to "take a haircut" if any banks in his nation fail.

In addition,  a senior eurozone official has announced that savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe's single currency by propping up failing banks in an attempt to offset decades of poor economic decisions. (source)

The Russians are taking a page from the Europeans book: As Russia Beyond The Headlines reports, Russia may ban cash payments for purchases of more than 300,000 rubles (around $10,000) starting in 2015 - starting with a higher ($19,500) restriction in 2014. They will also enforce mandatory cash-free salary payments (cash compensation accounts for 15% of GDP currently) in an effort to both bring some of the population's 'grey' income out of the shadow; and increase the volume of cash reserves in the banks.

Word leaders and banking institutions are realizing that the limits of global and national fiscal and monetary policies have been reached and are now changing rules, limiting freedom, and outright confiscation are the only way to maintain a status quo.

Think it can't happen in the U.S.? It already is.

Here in the U.S., agencies under the Obama administration have been commencing full scale raids on individual farmers, as well as on family farms, under the auspices of non-legislative regulation created by the ATF, EPA, and FDA. These raids focused on several agricultural areas that included the sale of raw milk, grazing on federal lands, water collection and usage, and the raising of certain categories of swine. Source

On April 23rd however, the stakes got much higher for the individual farmer as the FDA is now using the terrorist based "Bank Secrecy Act" as justification to invade, investigate, and even confiscate the bank accounts of Americans in the agricultural business.

With the use of the Bank Secrecy Act to seize and confiscate bank accounts of individuals, and small family farms without due process, the government is paralleling American citizens with terrorists and organized crime simply for choosing the freedom to raise crops and animals, and sell them in the market as they see fit. What was once an agency to help Americans have a clean and healthy food supply, the Obama administration is using its power to aid corporate interests in destroying the last vestiges of individual sovereignty over their own land.

There are more sophisticated ways for governments to take what you have put aside for yourself and use it for whatever the politicians feel like using it for. If they do it slowly but steadily, they can take a big chunk of what you have sacrificed for years to save, before you are even aware, much less alarmed.

That is in fact already happening. When officials of the Federal Reserve System speak in vague and lofty terms about “quantitative easing,” what they are talking about is creating more money out of thin air, as the Federal Reserve is authorized to do — and has been doing in recent years, to the tune of tens of billions of dollars a month. (source)

And when they've taken everything there is to take, and it still fails, which it has to do, in spite of their pathological blindness, greed, and stupidity, what will be left?

What have you got?

It doesn't take a lot of smarts to see what's unfolding here.The Oligarchy is leveraged to the hilt from transforming the global financial system into a giant casino and they are coming after your money. Unless you take action now, they will get it.

Gary Stamper
Collapsing into Consciousness

 

 

 

GM_Man's picture
GM_Man
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On the Russian Assets and the Cyprus Solution

I have just heard from a close friend that you can't believe all that you hear from the media regarding Russian assets in Cyprus banks.  As you all may recall the Cyprus banks were closed for many days while 'the deal' was worked out between the PTB, the IMF, ECB.  Well during that same period, my friend notified me that the Cyprus banks were closed in Cyprus, their offices in London, Moscow, and other major cities across Europe were still open.  This allowed the Russian and other major account holders to withdraw their Euro assets and allocate them into different banks and/or commodities.

What does this mean?  It means that only Cypriots and small businesses on Cyprus will be victimized by this 'grand scheme.'  The larger Russian et al deposits have now been removed from the reach of the Cyprus government.

Rgds

garystamper's picture
garystamper
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Posts: 14
to GM_Man

Yes, I've just seen this, too. Thanks.

Here's something new: It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors

auburnmiami's picture
auburnmiami
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Hello

Submitted

Wendy S. Delmater's picture
Wendy S. Delmater
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auburnmiami

Welcome!

GM_Man's picture
GM_Man
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It can happen here....

Ouch!!  I may as well just pull my money from the bank!

No point in leaving it there if all the flipping gov'ts of the world are going to skim or confiscate it all...

 

Thanks for the link GS!

Magnum03's picture
Magnum03
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We went to the bank last week

 

We live in Spain. We went to the bank last week collection all our money and the lady at the counter said she couldn't understand why so many people where withdrawing cash. More than usual, she said. We explained Cyprus to her - don't think she made the connection. Then the manager came and gave us all the money and said "Watch out! Be careful with that". We said, "That's exactly what we're doing". He said, "I know"...

Jim H's picture
Jim H
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Posts: 2379
That's a very important story Magnum!

Your view from inside the EU is very much appreciated.  You are doing exactly what I would do in your situation.... take care and thank you for posting.  Sounds like haircuts will ultimately be coming for those who do not move their money now. 

Some kind of epic, engineered capitulation is happening right now in Gold and Silver.. I have sold all paper positions and am short to ride it out... absolute insanity.  This may be the point where paper vs. physical finally breaks... amazing to watch. 

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