International Monetary Fund Recommends Stealing Americans' Wealth Now!

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posted on Nov, 1 2013 @ 04:06 PM
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This may be correct information or it may not. As I am neither an American nor versed in the American financial system , I will leave it to others to decide.

From my limited perspective , I would say , if you can cash in any of your investments for your retirement , now is the time to do it.

I have only brought this information to ATS and because I do not have the knowledge to comment on the intricacies of this subject , I will not be responding to posts.

Perhaps others with more knowledge may be able to respond to questions raised by this article.
However I will be viewing the posts for any information that comes to light.


By now, most Americans realize what they have earned, built and own, no longer belongs to them. It will be taken unlawfully in the blink of any eye. Much like Washington, global parasites now want more of your income and wealth. The international elitists are coming for your stuff and many in our government---Democrat and Republican---are entertaining closed-door schemes designed to, once again, relieve Americans of their property.

On October 9, 2013, from its perch in Washington D.C., the International Monetary Fund (IMF) released a report outlining its recommendations for immediate global wealth confiscation---specifically American wealth---and new capital controls and exit regulations.

The report titled "Taxing Times," calls for the confiscation of household assets by a "capital levy" on citizens with a "positive net wealth" to reduce advanced economies debt to GDP ratios and stabilize global bond markets.

In other words, Global redistributionist's, at the IMF, recommend increasing taxes and instituting new capital controls and exit regulations for seizing Americans investment equity, IRA's and 401K's to pay down outstanding debt to pre-crisis 2007 levels. According to the IMF, this move will restore global debt sustainability, which is to say, our government will be free to run up more debt again and debt-ceiling fights in Washington will not cause future bed-wetting at the International Monetary Fund.

o be brief, the IMF, founded in 1944, was established to rebuild post WWII International monetary systems, increase international/cross border trade and establish rules for a system of payments to and from countries utilizing different currencies. Today, the International Monetary Fund (IMF) works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce global poverty; in other words, a new world order.


www.alt-market.com...

SOURCE INFORMATION IMF REPORT :- cdn.freedomoutpost.com...
edit on 1-11-2013 by Pinkorchid because: (no reason given)




posted on Nov, 1 2013 @ 04:23 PM
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reply to post by Pinkorchid
 


While this is disgusting beyond belief if true, I am safe.

They already have all of my assets.




posted on Nov, 1 2013 @ 06:36 PM
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And if they want a full-scale revolt on their hands ... go ahead and do it.



posted on Nov, 1 2013 @ 06:48 PM
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This is why the wealthy have their assets tied up in untouchable assets. Most if not all is offshore and flowing through corporate businesses. The average person hasn't a clue on how the system works and thus are fully exposed to any redistribution scheme.

Of course the goal is a single currency that is fully controlled. Once implemented, Forex will go the way of the Dodo nicking any chance for leverage. Speculation will still exist but it's a rigged game and like any casino, they will allow some big winners to attract the losers.Yes it will stabilize the markets and debt system but at the same time lock everyone into their current level of financial status. Enjoy the NWO.



posted on Nov, 1 2013 @ 06:55 PM
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I work 60 hours a week, earn time-and-a-half for anything beyond 40, and am still about $12 short rent, utilities, car payment, insurance, fuel, and food at the end of the month.

I have been laid off and forced to change careers 3 times since 1991, and support a disabled wife (who receives NO assistance of any kind) and 2 children on $13 an hour, in metro Denver.

There is nothing left for the IMF, or the "US Government" (whoever the hell they are) to take. As far as I am concerned, the country passed the point of no return a long time ago, and anyone who thinks they are on top of things is just next-in-line for the fall.



posted on Nov, 1 2013 @ 07:36 PM
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reply to post by Pinkorchid
 


You just have to keep an eye on the rising price of everything to know that wealth, what there is of it, rises to the top. All the savings in the world won't do any good if that savings - that nest egg or retirement fund - is devalued on a daily basis. As for food, go vegan, lots of great recipes at low cost, but I've seen the price of rice and beans rise as well (although not as much as the items on a corpsearian's diet). Money is just numbers on a screen or paper in your hand, and the folks who have the most of it will shove their mother's aside if they see a loose peso, dollar, euro, or yen laying on the street unattended.



posted on Nov, 1 2013 @ 08:13 PM
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reply to post by Pinkorchid
 


Here are documents from the IMF:

World Economic and Financial Surveys
Fiscal Monitor
Taxing Times

October 2013

Persistently high debt ratios in advanced economies and emerging fragilities in the developing world cast clouds on the global fiscal landscape. In advanced economies, with narrowing budget deficits, the average public debt ratio is expected to stabilize in 2013–14—but it will be at a historic peak. At the same time, fiscal vulnerabilities are on the rise in emerging market economies and low-income countries—on the back, in emerging market economies, of heightened financial volatility and downward revisions to potential growth, and in low-income countries, of possible shortfalls in commodity prices and aid. Strengthening fiscal balances and buttressing confidence thus remain at the top of the policy agenda... this issue explores whether and how tax reform can help strengthen public finances. Taxation is always a sensitive topic and is now more than ever at the center of policy debates around the world... Results reported in this issue show that the scope to raise more revenue is limited in many advanced economies and, where tax ratios are already high...


The PDF LINK

From FORBES:
The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation


... The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report....

recommends a series of escalating income and consumption tax increases culminating in the direct confiscation of assets.

Yes, you read that right. But don’t take it from me. The report itself says:

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. … The tax rates needed to bring down public debt to precrisis levels, moreover, are sizable: reducing debt ratios to end-2007 levels would require (for a sample of 15 euro area countries) a tax rate of about 10 percent on households with positive net wealth. (page 49)”


Note three takeaways. First, IMF economists know there are not enough rich people to fund today’s governments even if 100 percent of the assets of the 1 percent were expropriated. That means that all households with positive net wealth—everyone with retirement savings or home equity—would have their assets plundered under the IMF’s formulation.

Second, such a repudiation of private property will not pay off Western governments’ debts or fund budgets going forward. It will merely “restore debt sustainability,”

...The report’s most chilling aspect is the clinical manner in which it discusses how to restrict the mobility of the rich, along with the inconvenience of factoring in their “well being.” Again, to quote the report:

““Financial wealth is mobile, and so, ultimately, are people. … There may be a case for taxing different forms of wealth differently according to their mobility … Substantial progress likely requires enhanced international cooperation to make it harder for the very well-off to evade taxation by placing funds elsewhere.

“A revenue-maximizing approach to taxing the rich effectively puts a weight of zero on their well-being—contentious, to say the least. … If one attaches less weight to those with the highest incomes, the vote would be to increase the top marginal rate.”

...capital controls and exit restrictions so the proverbial four wolves and a lamb can vote on what’s for dinner. That’s the only way to keep citizens worried about ending up on the menu from voting with their feet. Again, straight from the report:

““There is a surprisingly large amount of experience to draw on, as such levies were widely adopted in Europe after World War I.”

And we all know how well that worked out.


This by the way is not new.

Confiscation of Private Retirement Accounts: US Departments of Labor and Treasury Schedule Hearing

On August 26, the US Department of Labor issued a news release:

It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.” The hearings are being conducted by the Labor Department’s Employee Benefits Security Administration. I don’t like speaking in tabloid-style terms, but the unstated agenda of these hearings, as I understand it, is to push for the US government to eventually nationalize (confiscate) all assets in private Individual Retirement Accounts (IRAs) and 401K plans!

The US government is desperate to get its hands on private assets ... this is simply the largest and easiest piggy bank that could be seized. The Investment Company Institute estimates that at the end of 2008 that there were $3.613 trillion of assets in IRAs and $2.350 trillion of assets in 401K plans.

For more than the past ten years, I have warned readers that the US government was eventually going to go after private retirement accounts. ... the mainstream media pretty much ignored the subject even after a House Committee held hearings on the issue in October 2008. .. the confiscation will never be described as such by government officials. Expect to see terms such as “retirement income protection” thrown around. It is highly likely that such a program would be implemented in steps to help overcome public opposition.

The US government plan is to.. take ownership of all assets in IRAs and 401K accounts and replace them with US government “Treasury Retirement Bonds.” In the October 2008 hearings, it was proposed that these bonds pay a 3% interest rate. Another major change is that, upon retirement, the individual’s retirement account would be converted into an annuity. Once the individual is deceased, th.. heirs would not inherit anything (similar to what happens now with Social Security “accounts”).


GRIM!

NOW we know why Congress passed the "Anti-Occupy" law
Only three elected officials voted against the bill’s passage. Seems both (R) and (d) believe in protecting their own hides. No WONDER DHS is stockpiling guns and Ammo!

It will be interesting to see what the response is of the Occupy Wall St types. If I recall they were rather well off.



posted on Nov, 1 2013 @ 09:54 PM
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reply to post by Pinkorchid
 


your ass(et) is mine



posted on Nov, 1 2013 @ 10:03 PM
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I find the title very misleading; Americans have already had their wealth stolen from them decades ago with a swipe of a pen from corporations in tailored suits and big glass buildings, and I can assure you that they are far from worried about what the IMF can do to take it from them.



posted on Nov, 2 2013 @ 04:59 AM
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ArchAngel_X
I find the title very misleading; Americans have already had their wealth stolen from them decades ago with a swipe of a pen from corporations in tailored suits and big glass buildings, and I can assure you that they are far from worried about what the IMF can do to take it from them.


They ARE the IMF aka International Banking Cartel.



posted on Nov, 2 2013 @ 06:00 AM
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It is good to see bonds getting under control. Their function is important with the injection of new capital into the system, but the implementation has some problems with the compounding interest. Now that a source of funds is under threat there is sure to be some panic.

As for how the bond situation plays out, there does need to be some component that regulates social cash flow. With this Quantitative Easing mess still ongoing as well it might be time to solve two problems with one solution. Something we can all trust.
edit on 2-11-2013 by kwakakev because: added last sentance



posted on Nov, 2 2013 @ 08:32 AM
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This is where living check to check, and having all extra cash converted into
preparatory items pays off.

When the SHTF, I have nothing in the bank to lose and a stash of tradable wealth.





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