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IT HAS STARTED! Wealth Confiscation Is Now Starting To Happen All Over The Globe

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August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Author Topic: IT HAS STARTED! Wealth Confiscation Is Now Starting To Happen All Over The Globe  (Read 2248 times)
Mark
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« on: September 27, 2013, 12:50:08 pm »

Governments stealing from bank accounts
 
'Bail-ins' taking depositors' money could be headed to U.S.


The questionable practice of “bail-ins” begun by Cyprus a year ago to keep banks solvent is beginning to spread to other nations, and holders of large deposits are starting to see their balances plunge literally overnight.
 
A “bail-in,” as opposed to a bailout that countries especially in Europe have been seeking from the International Monetary Fund and the European Union, is a recognition that such outside monetary injections won’t be forthcoming.

Consequently, banks have been seeking money from another source – their large depositors. The funds are simply taken and applied to a bank’s recapitalization in lieu of government bailouts.
 
The practice essentially is a transfer from a personal savings account to the bank’s operating account, without the customers’ permission or even any notice.
 
The example set in Cyprus when the island nation confronted its financial crisis now is spreading to such other countries as Italy, Poland, New Zealand and now Canada.
 
Get “I Want Your Money” and find out what may be coming to your neighborhood.
 
Financial experts agree that the practice soon could spread to the United States.
 
The “bail-in” a year ago in Cyprus developed after the island nation was refused further outside financing from the IMF and the European Central Bank of the EU, of which the Mediterranean island is a member.
 
Cyprus never was looked upon as a place to spend money. Instead, it was seen more as a place to safely hide large deposits of cash for private individuals and companies not only in Europe and Russia but for major shareholders and top executives from all over the world.
 
Hiding huge sums of cash was made easy in Cyprus with such mechanisms as outright bank deposits, shell companies and holding companies, with massive transfers taking place between them.
 
“Cyprus was a leader – in some circles and for some applications, the leader – in quiet storage, management and structuring of exceptionally large sums for private individuals and corporations all over the world,” financial expert Franklin Raff wrote in a March 2013 WND article.
 
“Cypriots were fast learners in the fields of global asset protection and ‘tax optimization,’” Raff said. “Cyprus’ 2004 entrance into the E.U. gave financial operations a deeper veneer of legitimacy and security.
 
“All of this meant almost a decade of rapidly expanding business,” he said. “This was surely from Europeans and Russians wary of unpredictable tax laws and indiscriminate, extralegal confiscations, but also from entities in North America and elsewhere.”
 
Because a long line of EU banks had been bailed out at major public expense during the 2008-2009 financial crisis, the EU decided to turn down two of Cyprus’ major banks, Laiki and the Bank of Cyprus, for similar help.
 
In an effort to save the Cypriot economy from collapse, the government passed a law that took some 4.3 billion euros in deposits belonging to some 14,000 depositors just in the Laiki bank alone, leaving each depositor with no more than 100,000 euros, the limit on deposit insurance under EU regulations.
 
Ultimately, Laiki bank folded, with depositors’ diminished assets transferred to the Bank of Cyprus.
 
In an effort to recapitalize the Bank of Cyprus, Cypriot officials imposed a 47.5 percent loss on deposits exceeding the 100,000 euro limit, exchanging the seized deposits for shares in the bank.
 
Depositors in Cyprus lost an estimated total of 10.6 billion euros.
 
In viewing the recapitalization experience in Cyprus, financial experts say “bail-ins” are increasingly becoming accepted practice around the world due to the lack of any outside bailouts.
 
In jeopardy will be all private bank accounts and private pension funds.
 
Financial sources say that the government of Poland just “raided” private pension funds in an effort to reduce the size of the government debt.
 
According to a Reuters report, the Polish government will transfer to the state many of the assets held by private pension funds, slashing public debt but putting in doubt the future of the multi-billion-euro funds, much of which is foreign-owned.
 
“The Polish government is doing the best that it can to make this sound like some sort of complicated legal maneuver, but the truth is that what they have done is stolen private assets without giving any compensation in return,” said financial expert Michael Snyder writing for the Financial Collapse blog.
 
Now, finance ministers in the EU are undertaking a similar approach.
 
They have approved a plan to force bondholders and shareholders to finance future bank failures before going to taxpayers for bailouts.
 
This will apply to bondholders and shareholders with deposits over 100,000 euros. Those with less than 100,000 euros of insured deposits will be protected.
 
“What this means is that if you have over 100,000 euros in a bank account in Europe, you could lose every single bit of the unprotected amount if your bank collapses,” Snyder said.
 
Italy also is organizing a form of its own “bail-in” for the country’s oldest bank as it has halted any further interest payments and doesn’t intend to make up for the missed payments if and when they resume.
 
While deposits will remain untouched for now, financial experts believe it will only be a matter of time before its depositors experience a Cypriot-type “bail-in.”
 
In Canada, the government has actually written a “bail-in” provision into its new government budget proposal in its “Economic Action Plan 2013.”
 
“This new budget actually proposes to implement a ‘bail-in’ regime for systemically important banks’ in Canada,” Snyder said.
 
Snyder believes that governments throughout the world will be eyeing depositors’ money as part of the solution to halt future failures of major banks.
 
“As a result, there is no longer any truly ‘safe’ place to put your money,” Snyder said.
 
“One of the best ways to protect yourself is to spread your money around,” he said. “In other words, don’t put all of your eggs in one basket. If you have your money in a bunch of different places, it is going to be much harder for the government to grab it all.
 
“But if you don’t listen to the warnings and you continue to keep all of your wealth in one giant pile somewhere, don’t be surprised when you get wiped out in a single moment someday,” he added.
 
That certainly was the experience of the Andrew Georgiou family in Cyprus earlier this year. Literally overnight, his life’s savings of 750,000 euros, except for 100,000 euros which were covered by deposit insurance, were wiped out. Georgiou subsequently had a heart attack, though he survived.
 
He, like hundreds of other depositors in Cyprus, has gone to court against the central bank and the Cypriot government, but the outcome is far from certain.

Read more at http://www.wnd.com/2013/09/governments-coming-to-steal-savings-accounts/#URYwJJPvELsWB9I5.99
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