A quick update regarding sovereign freedom and financial abuse

**LonghornJ** · 03-17-2013, 05:35 PM

Just a quick plug, in case you care... the citizens of the small nation of Cyprus have had 10% of the value of their savings accounts seized over the weekend to bail out bad bets on Greek debt... not a voted tax, but literal confiscation of funds to cover bad bets that should otherwise send a financial entity into BK immediately.

This is the test model... will the citizens stand for it? Would you, if you were told that your bank was closed until "further notice" and everything you thought you had "saved" was immediately reduced by 10% on the whim of a government?

Do you think it can't happen here? Do you think the IRS doesn't have a 100% read on your retirement account?

Things to think about...

http://www.cnbc.com/id/100561018

**stripes** · 03-17-2013, 05:39 PM

nah, we can print money until the cows come home, krugman says its cool so we're all set...he won some major award

buy bonds is my advice

**Stew Nod** · 03-17-2013, 05:42 PM

Something really ugly is coming our way

**LonghornJ** · 03-17-2013, 05:44 PM

Originally Posted by George Costanza

Something really ugly is coming our way

Yep...

**Phillip** · 03-17-2013, 05:48 PM

They start with personal freedoms, then guns, then this crazy shit. Scary.

**Dick Gozinya** · 03-17-2013, 05:47 PM

Some dude's platform in the 2008 election was to abolish the IRS. I was so pushing that button on election day.

Tell ya what, though... taking 10% and having ALL national debt eliminated, in exchange for my investments going through the roof on the promise of a stable economy? For me, its a no brainer... I'd get the 10% back within less than a week.

**Avery** · 03-17-2013, 05:48 PM

Originally Posted by Dick Gozinya

Some dude's platform in the 2008 election was to abolish the IRS. I was so pushing that button on election day.

Tell ya what, though... taking 10% and having ALL national debt eliminated, in exchange for my investments going through the roof on the promise of a stable economy? For me, its a no brainer... I'd get the 10% back within less than a week.

What about taking 10% savings to save a couple of banks? Cause that's what it's for.

**LonghornJ** · 03-17-2013, 05:51 PM

Originally Posted by Dick Gozinya

Some dude's platform in the 2008 election was to abolish the IRS. I was so pushing that button on election day.

Tell ya what, though... taking 10% and having ALL national debt eliminated, in exchange for my investments going through the roof on the promise of a stable economy? For me, its a no brainer... I'd get the 10% back within less than a week.

That isn't the case... the 10% hit was to keep ABC bank solvent. Cyprus constitutes .2% of the Euro zone economy. Peanuts.

It's a test... and a shot across the bow for anyone paying attention.

**Stew Nod** · 03-17-2013, 05:54 PM

I swear every fucking one of them is a rotten greedy scumbag...and they answer to no one

**Dick Gozinya** · 03-17-2013, 05:55 PM

Originally Posted by mutts gunt

They start with personal freedoms, then guns, then this crazy shit. Scary.

What's scary are the chicken littles and this personal freedoms and guns shit. Turn off Fox News, would ya?

Originally Posted by Avery

What about taking 10% savings to save a couple of banks? Cause that's what it's for.

Originally Posted by LonghornJ

That isn't the case... the 10% hit was to keep ABC bank solvent. Cyprus constitutes .2% of the Euro zone economy. Peanuts.

It's a test... and a shot across the bow for anyone paying attention.

Oh. Fuck that. Been there.

**Caster Fly** · 03-20-2013, 05:13 AM

Originally Posted by Dick Gozinya

Tell ya what, though... taking 10% and having ALL national debt eliminated, in exchange for my investments going through the roof on the promise of a stable economy? For me, its a no brainer... I'd get the 10% back within less than a week.

Stupid people are scary.

**Schmoopy** · 03-24-2013, 07:53 PM

Originally Posted by Dick Gozinya

Some dude's platform in the 2008 election was to abolish the IRS. I was so pushing that button on election day.

Tell ya what, though... taking 10% and having ALL national debt eliminated, in exchange for my investments going through the roof on the promise of a stable economy? For me, its a no brainer... I'd get the 10% back within less than a week.

So ignorant, so shit multy.

**Stew Nod** · 03-17-2013, 05:53 PM

See this yet LongJ?

http://www.huffingtonpost.com/2013/0...n_2878008.html

**LonghornJ** · 03-17-2013, 05:57 PM

Originally Posted by George Costanza

See this yet LongJ?

http://www.huffingtonpost.com/2013/0...n_2878008.html

Not surprising... a lot of people are getting sucked in to gold paper indexes where they think the gold they "own" is stored somewhere on their behalf.

If that shit isn't in your hand, its crap.

**Stew Nod** · 03-17-2013, 06:07 PM

Originally Posted by LonghornJ

Not surprising... a lot of people are getting sucked in to gold paper indexes where they think the gold they "own" is stored somewhere on their behalf.

If that shit isn't in your hand, its crap.

Yup...and I have maple leafs...just in case they pull that we're confiscating american gold coins crap...fuck them

**2Manboobs** · 03-17-2013, 06:04 PM

Originally Posted by LonghornJ

Just a quick plug, in case you care... the citizens of the small nation of Cyprus have had 10% of the value of their savings accounts seized over the weekend to bail out bad bets on Greek debt... not a voted tax, but literal confiscation of funds to cover bad bets that should otherwise send a financial entity into BK immediately.

This is the test model... will the citizens stand for it? Would you, if you were told that your bank was closed until "further notice" and everything you thought you had "saved" was immediately reduced by 10% on the whim of a government?

Do you think it can't happen here? Do you think the IRS doesn't have a 100% read on your retirement account?

Things to think about...

http://www.cnbc.com/id/100561018

Yet people will still continue to piss & moan about how shitty America is

**FlaFlaFlunkie** · 03-20-2013, 02:57 AM

Originally Posted by 2Manboobs

Yet people will still continue to piss & moan about how shitty America is

Don't count our bankers out. They won't do it that blatantly. They'll find away to slowly sift it out of our bank accounts. you know, like charges for going below your minimum required balance, fees for using your debit cards, charging you for the use of tellers at your local branch, fees for using an ATM that isn't your bank, fees, FEES, FEES!

When I was a kid, a bank used to be a SAFE place to keep your money. Now, every time I turn around, they've got their hand in my wallet.

Allowing them to be "financial institutions" was the WORST mistake in world history. The financial markets consist of nothing more than base gamblers in $1,000 suits.