I Told You They Were Coming!

May 19, 2013May 18, 2013 fasab bankers, banking, Banks, Business, Crime, Current Events, Factoids, Investing, Politics, Rants America, Australia, bank accounts, bankrupt government, bankrupt Spain, Banks, bargain properties, bureaucrats, buy-to-let sector, cash rich investors, confiscated, Current Events, Cyprus, desperate, destroy, developers, education, Europe, events, fools, foreclosed, foreclosed homes, foreclosure mechanism, foreign investors, glut, greedy bureaucrats, home, home loans, Home sales, idiots, Misc, Miscellaneous, morons, mortgage market, mortgagee, on the market, Opinion, Personal Writing, policy, political morons, politicians, politics, Random, rant, Rants, real estate market, rent, rent-free, rental sector, renting out homes for free, residency, return, return on their capital, seize homes, spain, Spanish families, Spanish government, Spanish property, Spanish real estate, steal, steal homes, steal money, stupid, stupid people, stupid rules, stupidity, Sunday Sermon, tax pensions TWICE, theft, Venezuela, yields, Zimbabwe

“Fight Against Stupidity And Bureaucracy”

Time for another Sunday Sermon, otherwise known as a rant!

First it was Cyprus where the bankrupt government tried to steal money right out of people’s bank accounts. If you want to read that again click here and here.)

Then it was the turn of the greedy bureaucrats in Australia who decided to tax pensions TWICE, once when you put the money in and again when you tried to take it out! (For the original post click here.)

Now in bankrupt Spain the politicians are at it, however, this time they aren’t proposing to steal some of the money in your bank account – oh no, this time they want to steal your entire home!

Yes, you read it right, the Spanish government has announced this past week that they want to seize homes that have been foreclosed on by banks and developers.

Not that I have any sympathy with the banksters, not by a long chalk! But theft is theft, and theft by governments is perhaps the most evil of all simply because the victims have little or no remedies available – other than pack up and go somewhere else.

As usual the politicians and bureaucrats are trying to dress this theft up as something helpful. They say they will rent the confiscated foreclosed homes to Spanish families who will be allowed to live there rent-free for up to three years.

Sounds great, but as usual what these political morons have failed to do is think their policy through.

If they go ahead with this plan to steal homes the consequences will not be what they think.

First of all it will destroy what is left of the mortgage market in Spain because no one will want to make home loans on Spanish real estate if there is no viable foreclosure mechanism should things go wrong for the mortgagee.

Second, it will go a long way to killing off the buy-to-let sector, which is the thing that has been keeping the real estate market afloat in these financially strained times. Home sales, not just in Spain, but in many countries have been boosted considerably by cash rich investors picking up what they consider to be ‘bargain’ properties at a level that yields a decent return on their capital. Where will they get that return if the government kills the rental sector by renting out homes for free?

And third, it will also kill off the recent Spanish drive to attract foreign investors by offering residency to anyone who spends around $200,000 buying up the glut of Spanish property currently on its real estate market.

If these things were happening in Zimbabwe or even Venezuela everyone would be calling it a disgrace. But it is happening in Europe and Australia and America. And it will get worse the more desperate the politicians and the bureaucrats become as they make the mess they created worse, not better.

Who on earth put idiots like these in charge?

It wasn’t you was it?

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Now They Are Groping For Your Goodies Down Under

April 14, 2013 fasab Crime, Current Events, Factoids, Investing, Politics 000, 100, Australia, Australian government, bankrupt governments, bankster, bureaucracy, business, confiscation, countries, Current Events, Cypriot bank accounts, Cyprus, deficit, down under, economy, education, enacting new legislation, EU bureaucrats, European countries, financial problems, free, goodies, government, government taxes, groping, IRAs, law abiding citizens, markers for the future, Misc, Miscellaneous, Opinion, pension fund, pensions, pensions funds, politics, Random, Rants, real estate bubbles, retirement, rich, robbed, savings, steal money, strong financial position, stupid rules, stupidity, superannuation funds, targeted, tax income, theft, Thoughts, United States, US citizens, withdrawals

“Fight Against Stupidity And Bureaucracy”

The fallout from the attempt by the EU bureaucrats to steal money out of Cypriot bank accounts continues.

Many people have missed the significance of what has happened and the fact that sooner or later it will also affect them.

But it will, simply because the whole attempted theft in Cyprus has set down dangerous markers for the future.

First, anyone with savings of $100,000 or more is categorized as ‘rich’ and will be targeted by their bankrupt governments as fair game for confiscation of some of their savings.

Second, what happens in one part of the world will eventually happen in another. You can count on that.

Already there are signs of this in the most unlikely of places, Australia.

Compared to most European countries and to the United States, Australia is in a relatively strong financial position. Although, like a lot of countries, it has been running at a net deficit for years, it was largely unaffected by the real estate bubbles and bankster debacles that has caused so many financial problems elsewhere.

Yet even in Australia the government is enacting new legislation that will penalize ordinary law abiding citizens who have responsibly set aside savings for their own retirement.

The Australian government now wants to tax income over A$100,000 withdrawn from what is known there as superannuation funds – US citizens know these better as IRAs – elsewhere as pensions funds.

Previously one of the incentives to saving money for retirement in a pension fund was that when the time came for you to withdraw the money, you could do it free of any government taxes. In fact in most countries that was THE big selling point to entice people to open and save regularly into pensions funds.

But the Australian government has now decided to change the rules. When withdrawals are made from these accounts over the magic $100,000 mark, they will be taxed at a rate of 15%. (That’s 15% at the moment, once established these rates could increase depending on how desperate the government becomes.)

What this means is that the Australian government now wants to tax the money you put into a pension fund when you put it in, AND then tax it again when you try to bring it back out! The archetypal taxation double-whammy!

Is that unfair, or that unfair?

Like what happened in Cyprus, these latest moves in Australia could quite easily happen in your country too!

Are you ready to be robbed???

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Cyprus Theft Update

April 3, 2013 fasab Banks, Business, Crime, Current Events, Factoids, Politics, Rants, Uncategorized, Unusual $, 40 winks, America, American citizen, attempted theft, backfire, bank, bank accounts, banking, banksters, Berlin, big corporations, bleak scenario, brown stuff, Brussels, bureaucracy, bureaucrats, citizens, cling to power, currency, Current Events, Cypriot parliament, Cypriot people, Cyprus, desperate governments, desperate measures, dollar, economy, education, Europe, European Union, events, fallout, fee, financial mess, financially stronger nations, France, funds, Germans, Germany, government, government bonds, governments, greedy banksters, highly paid, hit the fan, humongous debt, income, incompetent politicians, Ireland, larceny, leader, London, lose it all, majority, Merkel, Misc, Miscellaneous, money, money grab, money is safe in a bank, money managers, morons, Musings, Obama, offshore, offshore locations, Opinion, opinion poll, panic, penny will drop, pension plans, pensions, political administration, politician, politicians, politics, powers that be, protect what you have, Random, Rants, sad commentary, savings, savings in the bank, shafted, spain, stealing, stocks, strategy, stupid bureaucrats, stupid politicians, suspicion, T-Bills, taxes, theft, thieving governments, thieving hands, trend, trust, UK, US corporations, US dollar, Washington, Western governments, your own circumstances

“Fight Against Stupidity And Bureaucracy”

Anyone who has been following this story that I posted about a few days ago, (here if you missed it), will know that the European Union bureaucrats made an attempt to steal the savings of the Cypriot people right out of their bank accounts.

With at least one eye on their chances of being re-elected, the Cypriot parliament rejected the proposal out of hand. The proper thing to do no doubt, but there is also no doubt that this will not be the end of it. Indeed the fallout continues.

Western governments are desperate because of the financial mess that they and their bankster accomplices have created. And desperate governments are known to take desperate measures to try to patch things up.

Look out for more attempts by these governments to steal your money, whether it be in the form of savings in the bank, government bonds, stocks or in pension plans. Nothing is safe from the clutches of these thieves.

The goings on in Cyprus has already proven their intent and alarm bells have begun to sound among those who are awake and paying attention. The bureaucrats’ attempted money grab has already sparked off suspicion and panic throughout Europe and elsewhere as to the amount of trust people can have in their governments.

Even among the financially stronger nations the trend is clear. In Germany, for example, a recent opinion poll showed that the majority of Germans do not trust their leader, Merkel’s, pronouncements that their money is safe in a bank.

Throughout Europe those who can are moving their money to offshore locations away from the thieving hands of their own governments. Big corporations, including US corporations, are doing the same. It has already happened in Ireland and Spain and France and, to a lesser extent, in the UK too.

What a sad commentary on how these stupid politicians and bureaucrats have mismanaged our affairs.

Will it hit America as well?

That depends just how stupid the political administration in Washington really is – which is perhaps a kind way of saying, please err on the side of caution if you are an American citizen.

The $ as a currency will probably be okay for a while, despite the humongous debt that Obama is piling up, but eventually it will become impossible to print their way out of trouble.

All those highly paid morons and herd followers called ‘money managers’ who work for the various funds that you entrust your savings and pensions to, and who do little more than buy up T-Bills with it, may find that their strategy is going to backfire. Like the banksters, however, they will still charge you a fee for looking after your money whether they invest it wisely or lose it all.

But whilst the bureaucrats will never be able to figure out how to run an economy – their, “take more and more taxes out of less and less income” strategy will never add up – eventually the penny will drop with the good citizens and they will waken up and realize they have been completely shafted by incompetent politicians and greedy banksters.

Then the brown stuff will hit the fan – big time – and people will get real mad. And then the powers that be will have no choice but to turn on their own citizens if they are to cling to power. Preparations for this started under Bush and now Obama has added even more legislation to make this possible.

It is a rather bleak scenario, particularly for those who choose to ignore what is happening around them. But whether it happens in one year or another five, if the politicians and bureaucrats do not wise up – and their is little sign of them doing that especially when they have yet to realize how incompetent they are – it will happen.

So start to think seriously about your own circumstances and what you can do to protect what you have from thieving governments. Or just settle down and get another 40 winks assured in the knowledge that those in Washington, Brussels, London and Berlin know what they’re doing.

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Thou Shalt Not Steal (Exodus 20:15)

March 18, 2013 fasab bankers, banking, Banks, Current Events, Factoids, Politics, Rants, Uncategorized against the law, bailout, bank, bank account, bank accounts, Banks, banksters, bureaucrats, conspired in secret, Current Events, Cypriot parliament, Cyprus, debt, desperate Western governments, economies, education, electronically stored numbers, environmental issues, EU, EU bureaucrats, events, government, government stooges, governments, grand theft, incompetent management, intent, Misc, Miscellaneous, new taxes, Opinion, politics, precedent, punishable by imprisonment, raising taxes, Random, Rants, rob, rule, savings accounts, savings deposits, seized, Seventh Commandment, stolen, stupid policies, technology, Ten Commandments, testing the water, the Bible, the western world, theft, there for the taking, thieves, Thou Shalt Not Steal, Thoughts

“Fight Against Stupidity And Bureaucracy”

The Bible (Exodus 20:15) tells us that one of God’s Ten Commandments is that “Thou Shalt Not Steal”, and it is a rule that has been adopted almost universally. Theft is against the law and is punishable by imprisonment, or in some countries harsher treatment.

And rightly so.

I’ve written in this blog before about the fact that I hate thieves.

Maybe that’s part of what gets me so riled up about the banksters and the government stooges who won’t go after these thieves.

But it seems now that the governments themselves are testing the water for a grand theft of their citizens’ money.

I don’t just mean raising taxes, or hyping up environmental issues so they can bring in new taxes to eradicate problems that they themselves have created.

Yes, they are doing that, but it isn’t enough.

Governments throughout the western world have amassed so much debt by stupid policies and incompetent management of their economies that they are now contemplating out and out theft of YOUR money!

Don’t believe me?

Witness the goings on the other day with Cyprus and the EU.

If you haven’t heard, it all started Saturday when the people of Cyprus discovered that their government and a bunch of EU bureaucrats had conspired in secret to rob their savings accounts to pay for the country’s bailout.

Anyone with savings accounts of over 100,000 euros are to have 9.9% of its value seized, and those with less than 100,000 euros will have 6.75% stolen.

In other words if you are a Cypriot and have been careful and frugal with your money, as opposed to amassing large personal debt on credit cards and loans, you are to be punished by the government.

It all needs to be ratified by the Cypriot parliament, but whether or not they approve it on this occasion, the thinking and intent of the bureaucrats is clear.

They want to steal your money!

This is a big step. Previously raiding savings deposits was unheard of and unthinkable. Now it is an option that is very much on the agenda for desperate Western governments.

So be warned. If they set a precedent in Cyprus it could, and probably will, happen elsewhere.

And with the advance of technology it is soooo easy for governments to steal your money. If it is in a bank account it is just electronically stored numbers, there for the taking, or rather, the changing.

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