Europe Considers Wholesale Savings Confiscation, Enforced Redistribution

tadaman
reply to post by bobs_uruncle

 

If any country does that anywhere it is considered wrong. It may be the EU leadership that decides but ultimately each member state would be responsible for its own citizens. If the same thing happened to a third world nation by a brute dictator the west would quickly sound the alarm. The world over would be outraged. Such actions are more than wrong or illegal, they are equivalent to murder. If all goes wrong the entire country is then plunged into poverty and could stay that way for several generations. The death such a tragedy will cause actually pales in comparison to the damage that will be done because of scarcity and survival decisions. The humbling of a people when it is made to beg for survival changes their culture and their concept of dignity. If all of Europe is plunged into poverty their spirit will be broken.

Such are the actions of tyrants.

die and let die. That is their fate.

edit on 2 14 2014 by tadaman because: (no reason given)

That is a good point, but unfortunately if this plan is mobilized, I expect it will effect every country and colony in the world at pretty much the same time, say with 2 to 4 days and there will be a media cap. No single country will have the ability to point a finger at another. You have to remember this is an economic war controlled by bankers and corporations, not by their bought and paid for governments. It should be interesting to see how this plays out.

Cheers - Dave

pheonix358
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)

To be honest, I hope they try it too. I have had many dreams of bankers and politicians hanging from lampposts on major highways and city streets in the aftermath of this kind of event. In the dreams I found that people were unusually happy and friendly, go figure LOL. Of course I have had other dreams of nuclear holocaust as well and they haven't happened yet either.

Cheers - Dave

violet
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

Personally I would say rarer or manufacturing usable metals, but physically held, bury it. From a survival standpoint, food, ammo, weapons, alcohol, cigarettes, fuel (gas, ethanol, diesel, wood, etc), electricity (or the ability to make it), etc. are good starting points. I operate within the system more as a "ghost" than anything else, but I am fully prepared for collapse. Hope for the best, but prepare for the worst.

Cheers - Dave

hopenotfeariswhatweneed
so intsead of going after the ultra rich they go after average joe...and the the 85 richest people who hold the majority still hold it without spending a dime...what a surprise...not....

well this will be a lesson had learnt by the majority

Yeah, it's a pretty lame ass idea. Go after 99% of the population, many of which are armed. That's pretty good odds, 99:1.

Cheers - Dave

violet
reply to post by SubTruth

 

I'm in Canada. If it is in EU, it's coming here as well. I don't know when. It certainly makes me nervous. I'd freak out more if I understood economics , money. I don't trust the banks. They screwed over on something else. They're stalling dealing with it. I can see why now. I thought as much

It's not safe to have stashes of cash.

I'll be getting some lump sum payouts from my divorce and sure as hell not risking putting that in the bank.

I'm scared of them doing away with cash and it's useless. Eventually we will be on credits we have to use. You can't really hide money from the govt in thst scenario can you?

Not a good idea to keep all our eggs in one basket too.

edit on 14-2-2014 by violet because: (no reason given)

I am in the Government's Socialist (read Fascist) Oligarchy of Canadakastan as well. Read Canada's 2013 Action Plan, there are some pretty nasty parts in there. You might also want to look at some of the recent parliamentary Bills in the last couple of years, Bill C-36 is nasty just for starters, look at the definition of government. Also you might want to look at the CRA as an NGO and at it's relationship as a collection agency for the Bank of Canada which is controlled by the IMF, not the Canadian government.

Cheers - Dave

Danbones
hiel harper put the same bail in crap into our last budget here in the kanukistan
my Canadain bank was in the top twenty recipients in the first bailout

its nice to know we here at ats who called this coming home years ago and are well forwarned

edit on 14-2-2014 by Danbones because: (no reason given)

Actually in 2008/2009 harper lied through his teeth and in print on TV and in newspapers stating that our banks were rock solid because of our system and they did not and would not need a bail out. While he was saying this, the Canadian government gave our banks about 120 billion dollars of tax payer funded monies. That is roughly 145% per capita of what the US government did with their banks. So apparently we were in worse shape than the US economy and still are. Personally, I think harper (and pretty much everyone else in parliament plus the bank of Canada governors, etc) should be tried for treason by a bunch of average Canadians and when found guilty, publicly hung, drawn and quartered. It's cheaper to use them as fertilizer in the north than pay for their asses in prison. Just my opinion but I know a lot of people think the same way. Harper, like all the politicians have sold us out and now he's having a "fire-sale" on Canadian resources.

Cheers - Dave

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.

I have....and that's where well get the equipment from to fight the revolution....
You think the cops don't have savings?
They are people too...and the bulk will be on the peoples side...after they find themselves way outnumbered.....

reply to post by stirling


I am sure there will be officers that fight on the wrong side, but I can attest to the fact that many police officers will be on the side of the people. Our friends, family, community, and way of life are very important to us just like it is to others.

There will also be many officers who will infiltrate the oppressors.

So if the S does H T F it is important to remember not to automatically assume that someone is bad just because they are, or were an officer.

Many people I work with feel the same way.

reply to post by TorqueyThePig

That would be the first time in history when police would be against TPTB. If I'm wrong, please show me some example.
(As a second line: I'm totally unsure on grammar here, hopefully it is meaningful).

reply to post by pheonix358


It'll be like when the U.S.S.R. fell. The police will be warlords. Logistics will be easier for them to put together because it is already there. The people will not stand a chance in hell. I feel for people who want to fight it because they will not win against it. It would be better to fight it now while you have those check and balances because waiting until it happens is a death sentence for any who will oppose it. The good news it will not last long and something better will be put in place. History repeats itself. I like your viewpoints and the stances you take overall. I am not worried about any outcome because I have lived a long and happy life. I procured unique skills sets in my long life that will serve me well in any situation.

It can't rain all the time - The Crow

LOSTinAMERICA
reply to post by pheonix358

 

It'll be like when the U.S.S.R. fell. The police will be warlords. Logistics will be easier for them to put together because it is already there. The people will not stand a chance in hell. I feel for people who want to fight it because they will not win against it. It would be better to fight it now while you have those check and balances because waiting until it happens is a death sentence for any who will oppose it. The good news it will not last long and something better will be put in place. History repeats itself. I like your viewpoints and the stances you take overall. I am not worried about any outcome because I have lived a long and happy life. I procured unique skills sets in my long life that will serve me well in any situation.

It can't rain all the time - The Crow

Really good reply....I am glad to see this thread is still around today it kinda freaked me out. This is the real reason PTB want an unarmed population. If something ever does happen they still hold all the cards in the deck.



I sure hope people do not lose hard earned money that will just be wasted again. This cycle will never end until individual rights are front and center.

They're not trying to bail out the government or the EU with this scheme. It's an attempt to open up savings to allow them to be used for financing - ie creating funding for business, large and small.

If you have a pension it is already lent to other businesses via the equity holdings of the fund it is in. All this seems to be doing is increasing liquidity in lending, which is sorely needed. If you've tried to borrow money as a small business in Europe (and likely in the US too)you'll know how difficult it is because banks aren't lending. So instead they are trying measures to cut the reliance on banks and create a connection between savers and debt financing - which is the motor of a strong economy.

In no sense is the government or EU "stealing" to finance itself. And yet this thread is already predicting armed insurgency. Jeez. Grow up.

reply to post by JuniorDisco




Are you saying it is alright for the government to loan out your hard earned money....Just want to be clear. I wonder who will loan them the money when things go south.......Peter meet Paul.

SubTruth
reply to post by JuniorDisco

 

Are you saying it is alright for the government to loan out your hard earned money....Just want to be clear. I wonder who will loan them the money when things go south.......Peter meet Paul.

Of course not. But then neither is the source in the Reuters article suggesting the government will do that by fiat. That's merely a spin put on it by the zero hedge article, and it's almost certainly nonsense.

Having said that, would I be automatically opposed to a careful investment in a centralised bank of a small portion of savings funds? I'm not sure I would, assuming it could be done with proper oversight. The difference between the creation of a fund to help small businesses, for example, and a confiscation of money is pretty marked, I'd say.

Since we are asking questions, what's your solution to the lack of debt finance for business?

reply to post by pheonix358


Yeah.

Like to see them try it on us Brits, the French and the Germans.

Unilke the Americans that seem to roll over and take everything that there govement does us Eurpeons can still hold a good mass riot.

reply to post by pheonix358


That's a good point.

The police have families and savings too, they have kids they need to put through Uni and mortages to pay, and they have pensions they'd like to be able to rely on, just like most people.

I remember going back a few years or so, the UK met-police were seriously considering strike action, because of owed back pay.

£50 Million was owed to them i believe, and the then home secretary said to the police federation that the government simply didn't have the money to pay them...£50 Million.

Then they turned around and gave the banks hundreds of Billions and spent around 20 Billion on the Olympic games if i remember rightly.

I wouldn't bet against the Police joining the rest of the people if push came to shove.

reply to post by bobs_uruncle


I read through the article and unless I missed it, I didn't see anything that says they're going to take the deposits. My impression is they're going to fund projects and the bank deposits will collateralize the notes. Not sure how that would work, but I didn't see anything that suggests they're just co-opting the deposits for public use.

reply to post by pheonix358


'They' wont know about it untill afterwards, 'they' only read newspapers and watch MSN, I have never earned enough to save anyway, sure as meatballs I cannot save now.

Anyone planning on stealing money out of accounts is stupid. Just observe how the masters do it. We have the Fed and democrats in the US spending trillions and buying back trillions. This should devalue our currency robbing all savers of the vast majority of the value of their money over time unless they are successfully multiplying their net worth at a faster rate. Since 1914, our Fed has helped to devalue our dollar by over 94%. A nickel in 1914 money was worth more than a dollar is today. This is how the master thieves steal our money without hardly any protests or riots. Anyone not thinking about using the master plan and just stealing money is being stupid and asking for it.

pheonix358

[...]

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.

To counter a run on the banks or people taking out their money otherwise I read about the EU planning to measure the amount to steal (a certain percentage) by last years savings. Another nice way would be to slap homeowners with a forced mortgage.