All of your savings and pension are likely to vanish very very soon. New leaked bank proposal.

[EYES WIDE OPEN]

Europe Considers Wholesale Savings Confiscation, Enforced Redistribution

Revolution time? “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis"

The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”

At first we thought Reuters had been punk’d in its article titled “EU executive sees personal savings used to plug long-term financing gap” which disclosed the latest leaked proposal by the European Commission, but after several hours without a retraction, we realized that the story is sadly true.Sadly, because everything that we warned about in “There May Be Only Painful Ways Out Of The Crisis” back in September of 2011, and everything that the depositors and citizens of Cyprus had to live through, seems on the verge of going continental. In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.” What is left unsaid is that the “usage” will be on a purely involuntary basis, at the discretion of the “union”, and can thus best be described as confiscation.

The Rest and the documents:

http://www.prisonplanet.com/europe-considers-wholesale-savings-confiscation-enforced-redistribution.html

I feel my money is safer in the form of crypto currency. I am trying to secure my future.

[mpod001]

You cant beat gold and silver! Both of these commodities have been supressed beyond ridiculousness too! Silver has particularly been supressed and really should be valued at a price of around $500 an ounce...but you can buy it for $20 an ounce! Crypto-currencies, in my humble opinion, wont offer the same protection as holding the physical metal.

Everyone and I mean EVERYONE needs to hold at least SOME gold and silver before the manipulation ends and also before the fiat currencies come crashing down...and it is only a matter of time before that happens!

[Joe Akulis]

Those "long term investments" that they are trying to speak in code about are the sovereign debt instruments (treasuries/bonds) that many other nations and banks are unwilling to snap up any more. So the way they'll sell it is by saying, we can't afford to pay the social security of these 20% of the population unless this 20% agrees to fund the credit card (buy our bonds and keep them in your portfolios) that we are using to pay our loans with. In the U.S. these commitments that they need to fund are things like Social Security, government employee pension payments, medicare insurance support and of course yields to other nations on the credit cards that they let us use previously to pay for these things. Which is just like using a second credit card to pay for the bill on your first credit card, which you used to pay your car loan.

[EYES WIDE OPEN]

You cant beat gold and silver! Both of these commodities have been supressed beyond ridiculousness too! Silver has particularly been supressed and really should be valued at a price of around $500 an ounce...but you can buy it for $20 an ounce! Crypto-currencies, in my humble opinion, wont offer the same protection as holding the physical metal.

Everyone and I mean EVERYONE needs to hold at least SOME gold and silver before the manipulation ends and also before the fiat currencies come crashing down...and it is only a matter of time before that happens!

That is my plan. I want to diversify as much as possible in as many forms as possible.

[superconsciousness]

If you can't touch it, you won't be able to keep it...and even the stuff you have you can touch, you may have to put up a fight to keep that, as well.

Welcome to planet Earth in 2015-2019...hopefully, the dust will have settled by 2020 and humanity will stop poking itself in the eye.

[Lifebringer]

Europe Considers Wholesale Savings Confiscation, Enforced Redistribution

Revolution time?
The Rest and the documents:

http://www.prisonplanet.com/europe-considers-wholesale-savings-confiscation-enforced-redistribution.html

I am trying to secure my future.

Don't do it, the founders have been using the "hack attacks" that were accepted verbatim over the online communication, may have also been siphoning and diverting to a phony net account.

Mattress and fire extinguisher, or water proof case inside a steel or Styrofoam sealed box, buried in a loose soil, with plastic tarp and grass planted on top, for hard times and easy access. Keep loose change to not look wealthy. The first sign of something valuable, could have someone sizing you up. But criptocurrency ain't so criptic, if those encrypting have the keys and get greedy.

Multiple solutions tossed, none of them used in three hackings, so I have to think they are getting over like fat rats, while deceiving as many account holders to skim from.

Me, I'm more of a cointelpro. I go in their blogs, find out their actual intent, think of a solutions if it's ill intent and then spread their secret everywhere so they can't control jack or jill.

[Arc]

Folks, start using credit unions (or your country's equivalent). They have all the same features and services as banks. Credit unions are non-profit co-ops owned by the community members, whereas banks are for-profit corporations owned mostly by greedy psychopaths. I moved all my accounts into one in 2011 and never looked back.

[ThePythonicCow]

Folks, start using credit unions (or your country's equivalent). They have all the same features and services as banks. Credit unions are non-profit co-ops owned by the community members, whereas banks are for-profit corporations owned mostly by greedy psychopaths. I moved all my accounts into one in 2011 and never looked back.

When the big banks pull the plug, I suspect they will take the rest of the banks down with them. As Pastor Lindsey Williams says: if it's printed on paper, it's worth the paper it's printed on.

Granted, I don't do business with big banks except when I can actually earn money on the deal. I've earned about $150 over the last three years opening and closing checking accounts with Chase ... but you have to have the mind of an obsessive compulsive bureaucrat to follow all the fine print and avoid paying the bonus back in various fees. I'll be danged if they can have any of my business at a profit for them.

But I figure that the money I have in small banks and credit unions is always at risk as well.

My figuring is that some accounts in the wrong place at the wrong time will just be lost, and the remainder could easily lose half its purchasing power.

[Snowflower]

LOL - I read the title of this thread to my husband. His immediate response: "Too late. I always was ahead of the game."

[TargeT]

Revolution time?

Just remember:

Revolution simply means going back to where you already were... we need to use a new word for this...


how do I deal with it?

HEAVY DEBT LOAD!

I figure hyper inflation will hit before anything else, and having a heavy debt load benefits me, I have the stuff I need right now and can pay the monthlies on it... let the debt holders crash and burn, I'll still have the stuff.

(probably not the best stratigy, but hey, "a bird in the hand...", and all that ;) )

[Eagle Scout]

Good Afternoon,

I just got home after buying more silver dollars and silver 1 oz rounds and they were busy.

I would get out of paper investments of any kind and into gold and silver coins asap...........time is short like
in 60 days or less short before you will not be able too.

Eagle Scout

[Arc]

But I figure that the money I have in small banks and credit unions is always at risk as well.

My figuring is that some accounts in the wrong place at the wrong time will just be lost, and the remainder could easily lose half its purchasing power.

Yes, true, but my point is it's not absolutely safe (nothing is), but will likely be more safe. Less risk, but still risk. If you put a chain lock on your door, it might stop more of the thieves, but not a bulldozer.

Any place you invest your energy (money) has risks. Depending on the situation, of how dire things get, the tyrants, or common thieves can also seize gold/silver coins, like has already been done in the US and other countries. If you invest in food or land, they can force you off your land or burden you with regulations. If you invest in guns they can try to seize, or regulate them out of your hands in slow motion. If you own stocks, they can crash the markets, and buy it all back on your loss. If you invest in cash/dollars, they can crash the currency and or seize/tax your savings accounts.

However, the good news is I don't think they can do all of these things successfully, in all places at once.

[Arc]

Granted, I don't do business with big banks except when I can actually earn money on the deal. I've earned about $150 over the last three years opening and closing checking accounts with Chase ... but you have to have the mind of an obsessive compulsive bureaucrat to follow all the fine print and avoid paying the bonus back in various fees. I'll be danged if they can have any of my business at a profit for them.


My other point about using a credit union instead of a bank is to stop feeding the beast. If you absolutely have to borrow money, borrow it from your community who has a stake in your local situation, instead of robber barons who will run your community into the ground for profit.

[Nanoo Nanoo]

I have seen first hand dealings between HSBC and GE Money where they are confiscating funds from people and washing their hands of having to deal with it.

My advise is if you have a HSBC account, close it immediately, take out your cash or you may lose it.

N

[robinr1]

hey eagle..

I agree with you on buying silver and gold...and am doing both....was just wondering why u feel its a possibility that

in 2 months you might not be able to purchase more?

thanks man

robin




Good Afternoon,

I just got home after buying more silver dollars and silver 1 oz rounds and they were busy.

I would get out of paper investments of any kind and into gold and silver coins asap...........time is short like
in 60 days or less short before you will not be able too.

Eagle Scout

[EYES WIDE OPEN]

Good Afternoon,

I just got home after buying more silver dollars and silver 1 oz rounds and they were busy.

I would get out of paper investments of any kind and into gold and silver coins asap...........time is short like
in 60 days or less short before you will not be able too.

Eagle Scout

You can now buy Silver Bars with quark coins. ;)

[TODD & NORA]

..........