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Just When You Thought "Cyprus" Isn't Going to Happen Here. Guess What IMF Just Said WE Need to Do?

This is a warning to anyone with a significant savings or retirement accounts

"The IMF is telling you what is coming. And I’m telling you the wealth confiscation is nothing to brush aside as impossible in America. We are a deeply, deeply troubled country. And deeply troubled countries always resort to unexpected solutions.",


A Confiscation Tax is
Headed Your Way …
By Jeff D. Opdyke, Editor of Profit Seeker

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Dear Friend,
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Now, I’m scared …
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And if you, too, care about preserving your personal wealth, then a new report released this month by the International Monetary Fund (IMF) should leave you paralyzed with fear and desperate to find measures to counteract the attack that will soon take aim at your pocketbook.
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In the 100-plus-page report dryly titled Fiscal Monitor: Taxing Times, http://www.imf.org/external/pubs/ft/fm/2013/02/pdf/fm1302.pdf the IMF has essentially given lawmakers from deeply indebted countries a paint-by-numbers kit on how to extract larger tax revenues from anyone with any level of wealth. Though the IMF’s language is couched in faux-objectivity, the underlying message is shockingly clear: Many developed nations, especially the United States, have abundant opportunities “to raise revenue from the top of the income distribution,” using a variety of methods including the direct confiscation of personal wealth.
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VIDEO: http://bcove.me/u2vlx03t
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But it’s best that I let the report speak for itself and let you come to your own conclusions …

“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. The appeal is that such a tax, if it is implemented before avoidance is possible and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair). … The conditions for success are strong, but also need to be weighed against the risks of the alternatives, which include repudiating public debt or inflating it away.”

Those sentiments, from page 49 of the IMF report, should scare the hell out of anyone with even a modicum of wealth … for that wealth could soon be under assault.
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Consider what that paragraph above is really saying. Its sentiment is clear: You, the developed countries of the world that have done such a masterful job of suffocating yourselves with more debt than you will ever be able to repay, have three options. You can default on your debt down to a level that is manageable … you can inflate the hell out of your economy and in that process destroy your currency and probably spark a bout of hyperinflation … or you can claim eminent domain over a portion of your citizens’ personal wealth and simply take it for the needs of the state.
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And look at what the endgame is: “debt sustainability.” Not debt eradication. Not learning to live within the revenue stream you generate as a country. Just the ability to continue relying on debt … largely to pay for bloated welfare programs that will be the death of many Western economies in the not-too-distant future – and that just gets us to a point sometime in the future when debt levels are too high again and government once again imposes a capital levy.
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Please understand that the IMF is not some wacky band of fringe-dwelling lunatics peddling daft ideas to no one of importance. It’s the central banker to the world, and it’s funded by the so-called G20 nations, the world’s 20 largest economies. What the IMF suggests is taken quite seriously inside the halls of congresses and parliaments throughout the developed world. Its reports often serve as the backbone for the various financial policies that lawmakers undertake across the globe.
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The organization doesn’t publish random musings. It deliberately sends messages to those with the greatest influence in shaping the world’s monetary and taxation policies. The message it’s sending with this new report is that the developed world is in a seriously bad way, and that the radical steps required to keep the cart on the rails mean that anyone with any wealth will have to part with what they’ve worked so hard to accumulate … for the good of the state.
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Scariest of all in the IMF’s assessment is the phrase: “If it is implemented before avoidance is possible.” The IMF reflexively recognizes that the medicine it prescribes will not go down without force, and that those of us who can will rapidly seek ways to keep the government’s greedy paws away from our personal wealth. To counter that, the IMF implicitly advocates a blitzkrieg approach to governmental thievery. Imagine waking up some random Monday to find that the federal government has imposed a week-long “bank holiday” that limits your access to your own money to maybe $200 a day through an ATM, and that the government is imposing a new “wealth tax” that requires every American with a positive net worth to give 10% of that wealth to the government.
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Can’t happen here in America?

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Never underestimate the deviousness of desperate lawmakers – and America’s actions over the last decade speak to nothing if not desperation. Washington has a history of surprise moves. It has imposed bank holidays. Presidents have devalued U.S. currency overnight. Lawmakers have imposed “temporary” measures that are now permanent fixtures in our financial lives, including the income tax and the fact that silver no longer backs any of our currency.
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Be Prepared for What’s Coming …
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Do not think that this won’t hit you. The IMF is not calling on governments to soak the hated 1%. The IMF recognizes that not even the developed world’s richest denizens have enough cash to refloat the sunken system. So … everyone with a positive net worth will have to relinquish a portion of their wealth.
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Your takeaway from all of this should be crystalline at this point: You absolutely must begin putting in place the plan B you could very well need one day to survive the legalized thievery that, with this IMF report, is now an official part of government dialogue.
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You must have some portion of your wealth in assets not easily taxed or taken, like gold and silver bullion or, more importantly, collectible gold and silver coins. You need money available to you offshore to reach in the event of a bank holiday and in case you decide the financial pain associated with your nationality is suddenly too much to bear. And you should at least begin the process of considering where you would feel comfortable living outside America if life inside America becomes financially unbearable.
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The IMF is telling you what is coming. And I’m telling you the wealth confiscation is nothing to brush aside as impossible in America. We are a deeply, deeply troubled country. And deeply troubled countries always resort to unexpected solutions.
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You’ve been warned.
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Until next time, stay Sovereign …
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Jeff D. Opdyke
Editor, Profit Seeker



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Obamacare is the chip in,

Since the insurance companies played ball with the false flags they get super well off. Stay tuned more to come I'm sure

Please left justify your text.

That centered nonsense is a serious pain to read.

Slaughts31's picture

Cracked me up. So true.

Thanks for saying this. I was just thinking...I can't legitimately send this to anyone for some reason. Aaaand it's most definitely the "centered nonsense"!!!

Happy now? Bunch of

Happy now?
Bunch of anti-center people here!

Excellent post Barracuda. The IMF is a bunch of THIEVES.

Just like the World Bank and U.N.

Their very reason for existence is to extract as much money (mainly from the U.S. taxpayer) as possible.

It's unbelievable that we put up with this.

But when Ron Paul brought all this up during his campaigns, he was called a kook.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

pawnstorm12

Glad you liked it.

It's a funny thing

how these types of threats or fear mongering always seem to surface whenever "Audit the Fed" starts to make traction. Just think of the false flag attack that would be pulled off if we were ready to end the NSA's spying ability.

Ron Swanson

It's already here in Dodd-Frank ...

... where they re-defined what the various liquidation rights are of stockholders, debt holders, and account holders of a bank.

They came up with the Orwellian term "Orderly Liquidation Authority" where the same folks who brought you fraud in the GM screw will have the same "authority" in the bank screw coming to a town near you.

Look up Dodd-Frank articles on this.

And the Biggest Horror of All This Is..

that our government has been bragging about the efficiency of the Social Security Website, and people think it is a good thing!

http://money.usnews.com/money/blogs/the-best-life/2012/07/09...

www.thenewamerican.com/economy/commentary/item/16497-the-fut...

http://www.usatoday.com/story/opinion/2013/03/05/social-secu...

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

1984 for REAL!

1984 for REAL!

I've been warning friends and family of this type of thing

ever since Cyprus.

So much so that I feel like the boy who cried wolf. The only difference though is that the wolf is 100 feet tall, will try to destroy everything in the town, and is moving very slowly in our direction. It's hard to tell when the wolf will reach the town, but he will at some point.

If a great depression ever happens

Hey everyone,

If a terrible event ever happens like the great depression, we must use it for our benefit against the people in power. It would be really the only real chance for a third party to gain power.

Cyril's picture

Oh, heya IMF,

Oh, heya IMF,

Why don't you just go ahead and...

... go F--- Yourself?

'Sounds like another cool plan, no?

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Good morning The

Good morning
The neurolinguist has arrived!

Cyril's picture

Yeah,

Yeah, and as p* ssed off as usual with "news" coming from the damn IMF leeches.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Just received an Downsize DC e-mail to this effect

They get me the heads up on all this SHTF before almost anyone else, and they provide easy access to Congress.

www.downsizedc.org

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Libera_me

Got the jump on everybody.
But slept late.

premeditated theft

"The appeal is that such a tax, if it is implemented before avoidance is possible and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair).

I thought that was the poignant verse

We will steal it before they even notice! And then they'll think it won't happen again. . . Then bam!

That's my understanding of what they meant.

Really exposes their thought patterns.

These are criminal minds!
That's how criminals think!
They're predators!

Most of us live within driving distance...

of a Federal Reserve member bank.

If there were any time to do something, the time is now.

It is you or them.

Did you hear that?

"The appeal is that such a tax, if it is implemented before avoidance is possible and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair).

Rand Paul: Sebelius Displays

Rand Paul: Sebelius Displays An Extraordinary Level Of Incompetence, Even By Government Standards

Debbie's picture

I love it - "Even by Government Standards"

LOL

Debbie