It's Probably Nothing

That's a joke right!!!!!

These are interesting times we live in, oh well, I wonder who will be on dancing with the stars next season?

I recall years ago when Ed Broadbent was the leader of the Bolsheviks...er, NDP, that he opined that the government should impose a one time (where have we heard that before) tax of 10% on the RRSP holdings of Canadian citizens. Typical of the left. Punish those who are prudent and are trying to look after themselves in retirement and enrich those who don't give it a second thought. That is how civilizations collapse...those on the take exceed those on the make.

Governments print all the paper,
and now they have a money back guarantee.

Piss on em,

we can always create a black market, print our on money,
or barter for our products.

OK we know the crap is about to hit the fan eonomically, we know the gummint will steal anything in sight to maintain itself, we know that our visible assets are an open target for a rapacious kleptocracy - so how many here have taken any steps to get the bulk of their savings out of easy access for government?

The answer to that question is why official forfeiture of private property is a viable economic strategy that the IMF gives legitimacy to.

When governments do this and say 'we had no choice' it is to be hoped that the citizens hang their elected representatives (and the unelected ones in the EU) from lampposts and plead 'we had no choice, if we didn't do it the ba#$%*ds would rob us again and again'.

Hence the 16,500 new IRS agents under the "Affordable Health Care Act". Despite the (currently) two separate annual disclosures to Uncle Sam of worldwide assets, signing up for Obamacare requires another. The mechanisms are in place and all that is required is the next "crisis" to pull the trigger.

Oh wait ... you say savings can be confiscated.

Tomorrow's Headline in the Toronto Star
Ontario Premier, Kathleen Wynne, announces that she has found an alternative revenue stream to shore up government coffers.

A classic example of:

"Hi I'm from the government; and we're here to help OURSELVES!"

Cheers

Hans Rupprecht, Commander in Chief

1st Saint Nicolaas Army
Army Group “True North”

If you drill in past the hysteria to the actual IMF report, you see a few things:

1) There is no "recommendation" to do that, at all.

2) It's a note at the end, pointing out - absolutely accurately - that some countries have lately had an increased interest in such a move (see Greece).

3) The hysterics linked above ignored the next paragaph thusly:

There is a surprisingly large amount of experience to draw on, as such levies were widely adopted in Europe after World War I and in Germany and Japan after World War II. Reviewed in Eichengreen (1990), this experience suggests that more notable than any loss of credibility was a simple failure to achieve debt reduction, largely because the delay in introduction gave space for extensive avoidance and capital flight—in turn spurring inflation.

So instead of "recommending" it, the IMF is in fact pointing out that it hasn't ever actually worked.

See here, at the very bottom of the PDF.

(The last thing the IMF wants is to destroy wealth; that's why they're all about austerity programs and economics that don't lead to inevitable collapse.

Contra Al, the IMF has consistently, especially to hear the Left whine about it, been against Keynesian "multiplier" ideas and "spending more totally fixes everything".

Also, in terms of States, it's typically literally true that "if the Government says it's legal, it's legal" - they're the ones defining the laws.

We can't conflate "legal" and "right"; they're not the same thing.)

The government doesn't have to do anything to steal wealth other than print more money. The U.S. calls it quantitative easing. Cyprus had a problem because it didn't control its money supply.

"inflation and hyperinflation are the technical terms"
Govt insiders and cronies have access to real money
and you have access to play money is the reality.

Instead of whining about how a wasteful and totally self-interested government steals our money, how about doing something about it?

Every 4 yrs or so we get to "choose" which royal party will plunder us peasants. This is not a healthy democracy. The party system has become totally corrupted and we citizens must wrestle some power back. It's the very least we owe the countless thousands that gave their lives for the freedoms we now piss away.

Before it is too late.

IOW, the IMF recommends stealing private individual's hard-earned dollars to fill the bank accounts of overpaid, underworked, union thugs. The IMF relies heavily on governments, aka overpaid, underworked, union thugs, to fund them, whereas private individuals not so much.

IMF = Imbecile Money F***ers.

Its plain pilferage. Looting for the privileged.
Its nothing else but those who figure they are entitled to live on others labours could only condone.

No species of tick drops off before it is fully bloated.
Why would the Kleptocrats be any different?
Any and all identifiable wealth will be looted as the available wealth shrinks, the ranks of the kleptos grow and spineless politicians keep on bribing the useless and clueless with other peoples wealth.
There is very little benefit doing business with people who do not honour contracts, do not obey the laws and seek absolute power over others.
Trade is impossible without trust.
Our governments are in breach of trust.
Any idea how we can learn to trust liars,thieves and abusers of authority?
Next the idiots will be telling us taxpayers, that this is all a communications problem.
Like the UN IPCC has.

Imagine how much more brazzen they would be if first they confiscated all the guns in society.