Is the federal government now planning to confiscate everyone's savings

A move to confiscate savings and 401k’s would be the best way in the world to have the capital attacked.

I have been researching this lately. There are many good documentaries on the subject of the great depression. The one I like the best was a three part documentary that went through the market crash, and depression via a multitude of private diaries. You could feel the confusion and anxiety in their words.

The banks were shut down, then reopened for new deposits only, then shut down again. Peoples accounts were locked up for 5 years while they starved and many died. People wore newspaper shoes, and slept in boxes. One guy had saved for years for a motorcycle, and was about to but it when the bank closed down. Five years later, when they let him have his money, it was devalued by inflation. He had just enough money to but a carton of cigarettes.

Remember what also the government had done? They confiscated all gold, and payed people below its true value, then declared it more valuable once they had it.

There will likely be 20% true inflation this year. The dollar has already been devalued to only 2% of it's original value.

They have taken 98% so far. What is another 2%

They have 0% of my gold and silver

The Feds trying to take everyone's money will bring down the wrath of the medical and Pharma industries that have been doing it for years.

a reply to: WakeUpBeer

I put every last penny of the stimulus check into crypto and have doubled it.

This market is nothing like 2017.

There is much more to come and the alt coin cycle hasn't even started yet.

www.rt.com...

a reply to: The2Billies

Thought this was a pretty informative video.

You’ve all heard by now that The Great Reset is upon us. But what is The Great Reset, exactly, and what does it mean for the future of humanity? Join James for this in-depth exploration of the latest rebranding of the New World Order agenda and its vision of a post-human Fourth Industrial Revolution.

link

originally posted by: The2Billies
I did not put this in the mudpit for a reason. I want intelligent and thought out responses, not nasty quips and one liners please.

I read an article by an economist who says that the "Great Reset" that the elite are discussing includes taking everyone's savings to pay off everyone else's debts to reset the economies of the world and in particular the USA. mises.org...

Many interventionists have welcomed this proposal as an opportunity to wipe out the debt. It all sounds nice until we understand what it really entails. There is an enormous risk that governments will use the excuse of canceling part of their debt with a decision to cancel a large part of our savings. We must remember that this is not even a conspiracy theory. Most proponents of the modern monetary theory start their premise by stating that government deficits are matched by households and private sector savings, so there is no problem…Well, the only minor problem (note the irony) is matching one’s debt with another’s savings. If we understand the global monetary system, we will then understand that erasing trillions of government debt would also mean erasing trillions of citizens’ savings.

This kind of explains why the US Federal Government has been so freely handing out money like candy the past year and has spent more in the past year than the IRS takes in over several years.

I would not have given this any credence except for the "Great Purge" (purging conservative thought/speech from the internet) which is happening now.

Also, we are seeing the politically correct not being prosecuted for rioting/looting/burning cities, as declared by the Portland Mayor.
While at the same time vigorously prosecuting those who stormed the capital, which is correct and should be done.
But at nearly the exact same time announcing not prosecuting the politically correct crowd gives me pause to think that things are about to become very unfair and unjust in the name of "fairness and justice".

Because of what has happened just in the last few weeks, I have no trouble believing that the liberals will confiscate everyone's savings to reset the economy.

What is your opinion, is this economist on the right track?

Will my life savings be confiscated for the good of the collective? This is what socialism is about the good of the collective is more important than any one individual.

I'm sure they will find someway to steal 401ks and other investment/savings in the name of equity with goal to pay down profligate govt debt.

I suspect they will just eliminate social security with means testing. Increase taxes on 401k contributions or make it where you can't defer the taxes if you have more than a certain amount saved.

The only way to really protect yourself is to not need money as govt then can't take what you don't have. I envy people that can go off grid and live on next to nothing out in middle of nowhere.

I don't think bitcoin is the answer. They most certainly will figure out how to confiscate it.

ECONOMIC COLLAPSE-DEBT RELIEF-PROPERTY CONFISCATION

What we were told was that in order to offset what was essentially an economic collapse on an international scale, the federal government was going to offer Canadians a total debt relief.

This is how it works: the federal government will offer to eliminate all personal debts (mortgages, loans, credit cards, etc) which all funding will be provided to Canada by the IMF under what will become known as the World Debt Reset program.

In exchange for acceptance of this total debt forgiveness, the individual would forfeit ownership of any and all property and assets forever.
henrymakow.com

Remember this:

Welcome to the year 2030. Welcome to my city - or should I say, "our city". I don't own anything. I don't own a car. I don't own a house. I don't own any appliances or any clothes.
WEF

How all that fits together with what is happening right now, i can´t believe it. And most people still stare at the plandemic like the rabbit caught in the headlights. Not noticing which dirty game is played in reality.

The bigger the lie, the easier it is to sell it to the public.

Everything You Need to Know About the Cyprus Bank Disaster from 2013 _ _ _ ☠️

Imagine you woke up one day to discover your bank account has been raided by another country's government. Just like that, $1 in every $16 of your supposedly safe money is gone. If you're wealthy enough to have more savings, it could be $1 in $10. Is it a nightmare? The opening chapter of a Kafka story? A Bond villain plot to start a bank run and bring down the government?

Nah, it's just the new reality facing bank depositors in Cyprus. And it might just set off a fresh wave of financial panic in the euro zone. Because we haven't had enough of that lately.

You can't just forgive debt because the system is too complex and it is all intertwined. Doing so affects everyone from the billionaires down to grandma living on a pension.

It is a nice fantasy to just believe someone will wake up one day and have their debt forgiven.

However, it isn't a fantasy to wake up one day and discover the banking system collapsed and you don't have any money in the bank or can't access it.

a reply to: The2Billies

That would never happen..

That being said.. Your view is terribly pessimistic at the notion of it.

Say they take everyone's savings... and erase debt.

That erases your debt too.. no credit card bills.. no mortgage (you own your house now), no car payment (you own it) etc.

a reply to: Lucidparadox

At what cost? That's what you have to ask. We know what the agenda is. It's to make everyone kept people, beholden to the government for everything in all ways so that you have no true liberty at all.

But if not having debt is worth wearing a collar and leash for the rest of your life ... and worse, it may not be voluntary.

They won’t have to. When super inflation hits, the US Dollar goes down Ike Godzilla through a glass table. our combined savings wouldn’t buy a loaf of bread.

originally posted by: dug88


I'm mot an economist or anything, but i'm pretty sure it's safe to say the amount.m of debt held in America vastly outweighs the amount of savings in America.

And that's without factoring in corporate and government finances.

originally posted by: visitedbythem


There will likely be 20% true inflation this year. The dollar has already been devalued to only 2% of it's original value.

Bet you a bottle of single malt against a kick in the knee that won't happen.

Look at how governments have dealt with inflation for the last 45 years.

a reply to: The2Billies

Can't happen.

The 4th amendment prohibits this, and there's a bench full of conservatives on the supreme court who will strike down any attempts at asset confiscation.

a reply to: The2Billies

We're all both sides are being played like a fiddle.

The goal is to disarm us and land us all right where they want us.
I heard today that on the outskirts of Pittsburgh cars were lined up
for the food bank. People in America don't have enough to eat?

But people on these boards think the gov. is doing the right thing.
Oooo they're trying to save us! When you realize what I already
have it will be to late. There weakening us for an e3asy take down.
They want what ever gets us closer to a massive die off. That's just
what time it is.

Don't worry about it. The Act of 1871 has been dismantled. I was wondering what the missing link to all this was, and it all points back to 1871....

Sure, go right ahead.

They would have to find it first.
If it isn't in the bank, they aren't going to find it.

a reply to: The2Billies

I read an article by an economist who says that the "Great Reset" that the elite are discussing includes taking everyone's savings to pay off everyone else's debts to reset the economies of the world and in particular the USA.

Since I paid off my own debt does that make me safe from bidens storm troopers? Or will I get reimbursed for paying off my debt?