Europe Considers Wholesale Savings Confiscation, Enforced Redistribution

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posted on Feb, 14 2014 @ 01:00 AM
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Well, as always the plans are afoot. We have been hearing about savings confiscations for a while;

Source - ZeroHedge.


At first we thought Reuters had been punk'd in its article titled "EU executive sees personal savings used to plug long-term financing gap" which disclosed the latest leaked proposal by the European Commission, but after several hours without a retraction, we realized that the story is sadly true. Sadly, because everything that we warned about in "There May Be Only Painful Ways Out Of The Crisis" back in September of 2011, and everything that the depositors and citizens of Cyprus had to live through, seems on the verge of going continental. In a nutshell, and in Reuters' own words, "the savings of the European Union's 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says." What is left unsaid is that the "usage" will be on a purely involuntary basis, at the discretion of the "union", and can thus best be described as confiscation.

The source of this stunner is a document seen be Reuters, which describes how the EU is looking for ways to "wean" the 28-country bloc from its heavy reliance on bank financing and find other means of funding small companies, infrastructure projects and other investment. So as Europe finally admits that the ECB has failed to unclog its broken monetary pipelines for the past five years - something we highlight every month (most recently in No Waking From Draghi's Monetary Nightmare: Eurozone Credit Creation Tumbles To New All Time Low), the commissions report finally admits that "the economic and financial crisis has impaired the ability of the financial sector to channel funds to the real economy, in particular long-term investment."


You really have to ask yourself that in an economy based on debt, why do the bankers have to steal money based on value (sweat labour) instead of just printing new money. Some might say that would cause inflation, but that is not necessarily the case. If all countries agreed to increase their currency base by 100%, the currency value relationship between countries would remain the same, hence no inflation. It would however "free up" the funds required for further projects, loans to developing small business, etc.

So, how you gonna feel when this comes our way to North America. I know that it's already in Canada's Economic Action Plan, re the Bail-In of the banks by using depositors savings. I don't know if this mechanism is on the US books.

Here is another article on Zero Hedge.

Cheers - Dave
edit on 2/14.2014 by bobs_uruncle because: (no reason given)




posted on Feb, 14 2014 @ 01:06 AM
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reply to post by bobs_uruncle
 


Anyone living in the EU had better listen up........Take your money out while you still can. If they are talking about it they are going to do it.



Tell your loved one's.......tell you neighbor's.........tell people you kinda know.......even tell people you don't like. They are flat out saying they are going to take you money........HELLO.



All it will take is one bad dip in the market and they will freeze bank accounts. It could happen sooner then later.



posted on Feb, 14 2014 @ 01:08 AM
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No matter how you try and sell the idea, theft is theft!

The real problem here is that only those with savings will suffer.

Those citizens who have never worked get a free ride.

Those who spend all of their income, in advance on credit cards get a free ride.

Only those who put money away for a rainy day will be penalized.

This is a Bankers wet dream, to stop people from saving and start a whole new world based on spend till yu drop.

Citizens will not stand for it. Great Britain, France and Germany to name just three will lynch anyone that tries this. It is in opposition to everything parents teach children.

I hope they try it!

The only reason to put this out there, is to cause a run on the banks. There is no other reason, not one. If you really wanted those savings you would use surprise tactics. Giving us warning WILL cause chaos and devastation to the worlds monetary system. That is the only outcome possible. Buckle up! Bumpy trail ahead.

P
edit on 14/2/2014 by pheonix358 because: (no reason given)



posted on Feb, 14 2014 @ 01:13 AM
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reply to post by pheonix358
 


You mentioned that you hope they try it...........How could anyone stop it in the EU? TPTB hold all the power.



Best solution is to be ahead of the curve and get your hard earned money while you still can.



posted on Feb, 14 2014 @ 01:15 AM
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reply to post by bobs_uruncle
 


Guess who's money will be safe? The ultra rich who got us into this mess in the first place and have all their personal fortunes locked up in offshore tax free bank accounts. Globalism at it's finest, eh?

Guess what the goal is? One world currency. All those assets in offshore accounts will be conveniently safe from hyper inflation as they are systematically laundered from asset to asset and currency to currency until they finally pop out all new and shiny and intact on the other end of the New World Order.

People will love it, too. Shiny new system that will come with promises of peace preached by a shiny new statesman. He might even do away with religion too! We all know how evil religion is. Bread and circuses!



posted on Feb, 14 2014 @ 01:20 AM
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reply to post by DeadSeraph
 


When they do roll out a world currency 1st world countries will get pennies on the dollar while 3rd world countries will break even. This is the progressive pipe dream dear readers.




They will level the playing field. Get ready to have nothing with no chance of getting anything.
edit on 14-2-2014 by SubTruth because: (no reason given)



posted on Feb, 14 2014 @ 01:21 AM
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SubTruth
reply to post by pheonix358
 


You mentioned that you hope they try it...........How could anyone stop it in the EU? TPTB hold all the power.



Best solution is to be ahead of the curve and get your hard earned money while you still can.



That is the greed solution. Keep ahead of everyone else. No offense intended, but that is what you are saying. Bugger the rest of you, I am OK!

I dislike that attitude. It is at the very crux of the whole problem.

History has shown that people do eventually revolt. The one thing they have not reasoned with IMHO is that at this point in time we have the most educated populace ever. It takes a lot to have a revolt but once it starts ..............

P



posted on Feb, 14 2014 @ 01:22 AM
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reply to post by DeadSeraph
 


The Stepford Planet!



posted on Feb, 14 2014 @ 01:24 AM
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SubTruth
reply to post by bobs_uruncle
 


Anyone living in the EU had better listen up........Take your money out while you still can. If they are talking about it they are going to do it.



Tell your loved one's.......tell you neighbor's.........tell people you kinda know.......even tell people you don't like. They are flat out saying they are going to take you money........HELLO.



All it will take is one bad dip in the market and they will freeze bank accounts. It could happen sooner then later.


While this might be a good idea in the short term, it's pointless in the long run. This will create a run on the banks (an already flimsy system) and said money will eventually be worthless. If you have exorbitant amounts of money, you probably already know how to keep it safe during what is to come. If not, the best you can do is try and make more money while you can, and convert it into assets that will transition well into "wealth" during an economic collapse.

If all else fails, eat the rich (or get chipped trying).
edit on 14-2-2014 by DeadSeraph because: (no reason given)



posted on Feb, 14 2014 @ 01:28 AM
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reply to post by pheonix358
 


You haven't noticed the police in military gear? Any uprising will be met with brute force. They are preparing for it and have been for quite some time. They know how people will react. That is what complacency does. It lets them get the upper hand and an end game win. What happens if your town does the impossible and holds it's own for a while? They get shelled.



posted on Feb, 14 2014 @ 01:32 AM
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LOSTinAMERICA
reply to post by pheonix358
 


You haven't noticed the police in military gear? Any uprising will be met with brute force. They are preparing for it and have been for quite some time. They know how people will react. That is what complacency does. It lets them get the upper hand and an end game win. What happens if your town does the impossible and holds it's own for a while? They get shelled.


Well put. 3 inches of snow was enough to strip the shelves of grocery stores bare in Atlanta and cause massive panic and breakdowns in infrastructure. What will they do when a REAL crisis hits? It will be a zombie apocalypse. The funny part? IN SOVIET USA, ZOMBIES ARE YOU!!!
edit on 14-2-2014 by DeadSeraph because: (no reason given)



posted on Feb, 14 2014 @ 01:34 AM
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reply to post by bobs_uruncle
 


Do they indicate if the funds will be drawn from 401K and employer based savings programs, or personal savings accounts?

Small detail, but curious if there was any mention on that?



posted on Feb, 14 2014 @ 01:39 AM
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I learned a hard lesson in banks when i was much younger, ever since
i have avoided them like the plague and that has worked out very
well for me. The reality is that they claim to be responsible enough
to handle such large sums of capitol but clearly they are not.

They have gambled away the money entrusted to them and now
they want to gamble some more, this is an addiction if ive ever
seen one honestly, they just cannot spend enough, no matter
the consequences in the long term.

All over the planet this is going on and i just cannot fathom how
anyone buys into the idea that somehow the same people who
caused many of these issues will suddenly turn a 180 and fix them.

There comes a time when you cut the addict off and refuse to
allow them to use you or your assets to fuel their addiction.



posted on Feb, 14 2014 @ 01:41 AM
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Now they will outright steal it?

Where's the best place to hide your savings ?

And then what use is it if the cashless society comes along? When we are on the digital credits that would need to be in a bank



posted on Feb, 14 2014 @ 01:42 AM
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Infinitis
reply to post by bobs_uruncle
 


Do they indicate if the funds will be drawn from 401K and employer based savings programs, or personal savings accounts?

Small detail, but curious if there was any mention on that?





Yes good question......my money is on savings accounts. PTB know the stock market and everyone in it is screwed I believe. It is way over inflated because of easing. When they even try to scale back smaller currencies suffer in a big way.





I bet they are going to go after savings. Just like before if you have above a certain amount they will steal a percentage of it. Or maybe they will truly live the progressive dream and take a flat percentage from everyone........That would be a fair way to steal in there progressive scum bag eyes.




If you call yourself a progressive ask yourself is this OK with you? If the answer is NO you are not really a progressive. Progressives put the rights of the masses over the rights of the individual that is how they think this crap up and put it in place.



posted on Feb, 14 2014 @ 01:46 AM
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LOSTinAMERICA
reply to post by pheonix358
 


You haven't noticed the police in military gear? Any uprising will be met with brute force. They are preparing for it and have been for quite some time. They know how people will react. That is what complacency does. It lets them get the upper hand and an end game win. What happens if your town does the impossible and holds it's own for a while? They get shelled.



Possibly but then, possibly not. Have you considered how those Police will feel after you rip off their savings? How will the military feel when you rip off theirs or their children and parents.

Look what happened in the French revolution. Look what is happening right now. First they go after the vets. They are doing that now. The Police and the military and the FBI and TSA etc etc are just full of people like you and me. Do you really think they will all side with those in power. Well, historically, they never have!

P



posted on Feb, 14 2014 @ 01:49 AM
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Maybe the banks are having trouble with "printing" money because loan volume is way down?

("Printing" = journal entries, not putting more currency in circulation)




European companies are swarming to the corporate-bond market for financing and vastly reducing their reliance on banks, a move that could mark a significant change in the region's financial landscape.

During the first quarter, European companies borrowed more from the bond market than they did from banks, according to Dealogic, a data provider. That is a rare phenomenon in Europe, where banks have long dominated lending.

Companies ranging from Dutch chemical maker LyondellBasell Industrials NV to German auto-parts maker Schaeffler AG borrowed $179.5 billion by selling bonds in the first quarter, a 38% year-to-year jump, according to Dealogic. By contrast, the amount borrowed from banks fell 45% to $112.9 billion.

Bonds With Banks Fraying




posted on Feb, 14 2014 @ 01:52 AM
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reply to post by SubTruth
 


It's not ok with me. I don't really understand finances.
It really isn't fair to the ones who are better at saving their money and have more than somebody who's been blowing it, not thinking about a rainy day or emergencies. If that's gonna be how it is.


Best to be ahead of the game and do what you can to protect yourself before it's too late.



posted on Feb, 14 2014 @ 01:55 AM
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reply to post by DeadSeraph
 


Guess who else's money is safe? The people that say get fudged big banker man, I'm keeping my stash in a sock under the bed!
Not the best of ideas, but sure beats giving it to irresponsible fat cats to play poker with.



posted on Feb, 14 2014 @ 01:56 AM
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reply to post by pheonix358
 


They wouldn't do it to the military. That would be a strategic mistake. They're brainwashed to keep up the morale.





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