What would happen if you woke up one morning to find half of your bank account, 401k and any other wealth you had accumulated half gone, removed from accounts while you slept by the US government. The money was already transferred to those we owe to keep them loaning us at low interest rate. It was done via a new "tax" brokered, passed and signed by the President in a middle of the night back room deal with Congress. We are told that it had to be done. We were facing out of control hyperinflation due to our debt load and if we didn't pay up we were facing a collapse of our entire financial system. It's a gamble the democrats and republicans had to try. The other options were: 1) stop borrowing money and watch society collapse as the welfare state dries up 2) borrow at higher and higher rates and watch society collapse under inflation and a debt burden we can't continue to pay. The government gambles on the money grab and hopes that they can hold it all together.
The International Monetary Fund (think financial arm of the UN) is now proposing this kind of money grab for countries facing high debt and high inflation (sounds like the USA). High inflation is where we are the moment that the banksters at the federal reserve stop printing money. The IMF previously pushed budget cutting and fiscal responsibility for countries in debt but are changing their tune to a more socialist ideology...transfer of wealth. I think the liberals we would love something like this. Barry is on record as saying 401k's aren't fair because not everyone can afford to participate.
I think it would start the 2nd American Revolution, SHTF, Civil War II...whatever you want to call it.
http://www.forbes.com/sites/billfre...he-groundwork-for-global-wealth-confiscation/
The International Monetary Fund (think financial arm of the UN) is now proposing this kind of money grab for countries facing high debt and high inflation (sounds like the USA). High inflation is where we are the moment that the banksters at the federal reserve stop printing money. The IMF previously pushed budget cutting and fiscal responsibility for countries in debt but are changing their tune to a more socialist ideology...transfer of wealth. I think the liberals we would love something like this. Barry is on record as saying 401k's aren't fair because not everyone can afford to participate.
I think it would start the 2nd American Revolution, SHTF, Civil War II...whatever you want to call it.
http://www.forbes.com/sites/billfre...he-groundwork-for-global-wealth-confiscation/