To Pay It's Bills --- Washington Will Turn To Confiscation Of Private Assets Next

Consider yourself warned.  Dismiss this possibility at the risk of your life savings.  Wealth protection begins with physical Gold and Silver.

The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation

Bill Frezza, Contributor 10/15/2013 @ 8:00AM

The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled “Taxing Times,” the report paints a dire picture for advanced economies with high debts that fail to aggressively “mobilize domestic revenue.” It goes on to build a case for drastic measures and 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:

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Government Has Contemplated Seizing Pension Money for Over a Decade
Posted on October 20, 2013 by WashingtonsBlog

When the Chips Are Down, the Government Will Be Tempted to Grab Our Assets

The writing is on the wall for private pensions. Once the dollar becomes too weakened by the printing of vast amounts of them in order to finance Washington’s budget deficit and to support the solvency of “banks too big too fail,” QE will have to end. Desperate for money to fill the gap, Washington will turn to confiscation of private assets should any be left after the coming economic collapse.

If this sounds like a whacky conspiracy theory, please remember that the American government hasseized private assets before, and President Obama authorized seizure of property again last year. (And the U.S. government’s take-down of Megaupload was also an exercise of the power to seize all of thelegal property held in a storage facility because a handful of crooks have illegal property in theirs.)

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Looting the Pension Funds: Wall Street is Grabbing Money 

Meant for Public Workers

By Matt Taibbi
Global Research, October 04, 2013
Rolling Stone 26 September 2013

American conservatives who are so pleased that “those damned bureaucrats who live on the public tit” are getting their comeuppance fail to see the precedent for their own private pensions.

As long ago as the Clinton regime, Alicia Munnell, an economist at the Federal Reserve Bank of Boston who was appointed Assistant Secretary of the Treasury for Economic Policy, the position I had held in the Reagan administration, advocated confiscating 15 percent of private pension funds on the basis of the argument that the pensions had accumulated tax free.

The writing is on the wall for private pensions. Once the dollar becomes too weakened by the printing of vast amounts of them in order to finance Washington’s budget deficit and to support the solvency of “banks too big too fail,” QE will have to end. Desperate for money to fill the gap, Washington will turn to confiscation of private assets should any be left after the coming economic collapse.

READ MORE