"t starts: the government’s plan to steal your money

There are consequences to being flat broke.

There are consequences to investing any level of confidence in a financial system underpinned by debt and the creation of paper currency.

There are consequences for ignoring reality and pretending that everything is normal.

This is one of them: European officials yesterday flat out admitted that they were discussing rolling out a series of harsh capital controls across the continent, including bank withdrawal limits and closing down Europe’s borderless Schengen area.

Some of these measures have already been implemented sporadically; customers of Italian bank BNI, for example, were all frozen out of their accounts starting May 31st upon the recommendation and approval of Italy’s bank regulator. No ATM withdrawls, no bill payments, nothing. Just locked out overnight.

In Greece, the government has taken to simply pulling funds directly out of its citizens’ bank accounts; anyone suspected of being a tax cheat (with a very loose interpretation in the sole discretion of the government) is being releived of their funds without so much as administrative notification.

It’s no wonder why, according to the Greek daily paper Kathimerini, over $125 million per day is fleeing the Greek banking system.

European political leaders aim to put a tourniquet on this wound in the worst possible way.

So what are capital controls?

Simply, capital controls are policies which restrict the free flow of capital into, out of, through, and within a nation’s borders. They can take a variety of forms, including:

- Setting a fixed amount for bank withdrawals, or suspending them altogether
- Forcing citizens or banks to hold government debt
- Curtailing or suspending international bank transfers
- Curtailing or suspending foreign exchange transactions
- Criminalizing the purchase and ownership of precious metals
- Fixing an official exchange rate and criminalizing market-based transactions

Establishing capital controls is one of the worst forms of theft that a government can impose. It traps people’s hard earned savings and their future income within a nation’s borders.""


The know a crash is coming! and the longer you wait to get your hands on your money..the harder it will be for you to get it BEFORE this happens

http://www.zerohedge.com/news/capital-controls




Welcome to the world of sequestration! Where your belonging,cash, and property can be taken to pay our enormous debt!

Capital controls are already effecting many zones in the eurozone! Which means the first step is already done, someone else has done it..Now Obama will blame their capital controls, for the reason we need them..


When banks get downgraded, the collateral they need to just keep their doors open rises! How many banks are being downgraded these days?? The NEED your money! and, if their is NOTHING else you have learned by now, it should be, THE BANKS ALWAYS GET WHAT THEY NEED

-- Modified on 6/27/2012 7:01:03 PM