If you follow what economists and financial commentators like Max Keiser and Mitch Feierstein, among many others, have to say, the wool is being pulled over our eyes by both bankers and governments in how well various economies are actually performing.
Inflation figures are massaged so that they seem to be in the 1-3% range when anyone who buys groceries and pay the bills knows that figure is closer to 10%, if not more.
Banks continue to manipulate markets and the list of scandals grows by the week – LIBOR rigging, Gold prices kept artificially low, HSBC laundering money for Mexican drug cartels and funding Hezbollah (a terrorist organization). It seems like every major bank is doing something nefarious somewhere.
And here’s the 10 biggest banking scandals of 2012 alone, as reported by Forbes (doesn’t list the smaller scandals):
And not one banker involved in any of these criminal actions has gone to jail. Banks have been hit with fines, yes, but they’re not punitive. Don’t forget, the banks are too big to fail, so governments aren’t going to impose fines that would end up putting a bank out of business.
Banks know they’re too big to fail too, after being bailed out in 2008 and the following years by taxpayers. Yes, people like you and me who had no hand in the banks’ criminal behaviour.
They’re Coming For Your Money…
Governments, in collusion with banks, all around the world are looking at your savings and how they can take a portion of them for their own use. This is money you’ve already paid taxes on, money where the interest paid on your savings is already taxed. But still they want more.
Don’t think that can happen? it already has – in Cyprus, in 2013.
The IMF – International Monetary Fund, just released a report that should concern every person on the planet… especially those who have ANY accumulated wealth that the government knows about.
Most importantly, if the wealth is not in your control…if it’s in something like a “bank account”, an “IRA” or a “401k”, then moves are afoot for governments to get access to your funds.
This report shows governments the cold hard truth about how EXACTLY they can tax your wealth.
This is directly from page 49 of that report:
“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.”
You’re probably asking “who or what the heck is Capital Levy?”
It’s not a who, it’s a mechanism. Just like the one they used in Cyprus, when they froze everyone’s assets and took a nice chunk of everyone’s cash for “the government.”
And don’t think it can’t happen in your country, the IMF report continues:
“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).”
That means you need to act NOW – because it basically says that if the government can beat you to the bank… they win. Nothing you can do about it after the fact.
So make sure you can “implement before avoidance” or in other words, beat the taxman to your money.
Free Bitcoin Report
Start today by reading a free report on how to make sure you and your money is safe.
The report shows you exactly how to get your money out of the banking system, so when the hammer comes down, your savings will be safe and sound, and out of harms way.
The Cyprus crisis happened when people weren’t looking, and when they found out what had happened, they immediately tried to find a way to get their money OUT of banks and out of someone else’s control. They found something called Bitcoin to help them do just that. Bitcoin prices went berzerk when they did. Imagine what’s going to happen when bigger countries start trying to steal people’s savings.
Did you know that recently HSBC in the United Kingdom told a customer he could not withdraw £4,000 OF HIS OWN MONEY??
Yeah. The governments are preparing… make sure it doesn’t happen to you first.
Tags: coin price, banking scandal
Filed under: Crypto-Currencies