– Government Confiscation And Lifting The Veil On “The 401(k) Scheme” (ZeroHedge, April 6, 2014):
From Presidential edicts of ‘MyRA’ being for your own good and “will never go down in value” to Poland’s ‘precedent-setting’ confiscation of public pensions funds for the good of the nation’s debt load; and from the IMF’s “one-off” wealth tax ‘idea’ to Europe’s recent consideration of ‘wholesale savings confiscations and enforced redistribution’, it appears Marc Faber’s warning that “from now onwards, the bailouts will also be at the expense of the asset holders, the well-to-do people. So if you have money I am sure the governments will one day take away 20-30% of my wealth,” is becoming more likely every day. As the following mini-documentary explains, confirming Ron Paul’s warning that “there is more chaos to come,” Jim Rogers’ fear that “they won’t take our bank accounts…they will take our retirement accounts,” is coming true.
– George Carlin: The American Dream (Video):
“…they want your fucking retirement money.
They want it back, so they can give it to their criminal friends on Wall Street.
And you know something? They’ll get it. They’ll get it all from you sooner or later because they own this fucking place.”
A short excerpt from the video “Life Is Worth Losing” (2005).
If something is not done to stop this, the world banking system will be forced into collapse. These clowns DON’T own us…..they have played by leveraging our money……but as soon as people realize what is happening, the bank runs will start in earnest & they will be impotent forever.
We have never known a world without a stable banking system, and it would be a total mess if we have a banking collapse. It would be global, and stop the world economy completely.
Not a smart idea.