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

originally posted by: hounddoghowlie
a reply to: projectvxn

Good luck confiscating my bitcoin.

serious question,

ever thought about what bit coin or any crypto currency would be worth if they ever really did decide to shut down the internet?

About the same as the US Dollar

originally posted by: Lucidparadox
a reply to: The2Billies
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.

And for those who have their life savings and all of their property stolen... who have no debt? I guess you don't give a frack about them, right? I mean, that is the nature of marxism - you don't give a frack.

originally posted by: The2Billies

originally posted by: AaarghZombies
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.

I don't agree about the supreme court. They are under the thumb of the Democrats who are hanging the threat of impeaching them or flooding the court with only liberals by enlarging it.

Or worse!

a reply to: projectvxn

Yeah, I'm staying in, and also going to put extra money back in.

I really need to get back into watching it and the alt-coins though.

Here's to our lambos haha

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. More about Savings Accounts: fitmymoney.com...
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 don't think the federal government will be confiscating the savings anytime soon. It's a serious move. I think only if the pandemic situation gets worse.

a reply to: HenryParisi

I don't think the federal government will be confiscating the savings anytime soon. It's a serious move. I think only if the pandemic situation gets worse.

And then came ( Insert over dramatic music) The OMICRON VARIANT. We'll see if the governments can stoke up the fear factor up on this and see how this drama plays out.

originally posted by: Chance321
a reply to: HenryParisi

I don't think the federal government will be confiscating the savings anytime soon. It's a serious move. I think only if the pandemic situation gets worse.

And then came ( Insert over dramatic music) The OMICRON VARIANT. We'll see if the governments can stoke up the fear factor up on this and see how this drama plays out.

So, the Democrats are going to take the savings of all of those wealthy Democrat votes back east?

Yeah, not going to happen. Hoax

a reply to: Chance321
Good food for thought

originally posted by: AaarghZombies

originally posted by: Chance321
a reply to: HenryParisi

I don't think the federal government will be confiscating the savings anytime soon. It's a serious move. I think only if the pandemic situation gets worse.

And then came ( Insert over dramatic music) The OMICRON VARIANT. We'll see if the governments can stoke up the fear factor up on this and see how this drama plays out.

So, the Democrats are going to take the savings of all of those wealthy Democrat votes back east?

Yeah, not going to happen. Hoax

No of course not, the dems protect their friends. It's we the peasants and those that disagree with them have their money confiscated.