IMF and U.S. Congress – making you pay for their failure, communist re-distribution through the backdoor
On November 5th 2013 an article on PersonalLiberty.com with the title “Are you prepared for a U.S. Bank Bail-In” reads as followed:
The days of the Federal government’s stealing money from taxpayers or borrowing it from the Federal Reserve to save troubled banks — as in it did in the 2008 crisis — may be over. Congress is considering imitating the theft in Cyprus and letting troubled banks “bail in” depositor money in order to make themselves solvent.
Jim Sinclair, chairman and CEO of Tanzania Royalty Exploration Corp., and whose family started Goldman Sachs, Salomon Brothers, Lehman Brothers, and others, has been warning of this for a while:
Bail-ins are coming to North America without any doubt, and will be remembered as the “Great Leveling,” of the “Great Flushing.” Not only can it happen here, but it will happen here… It stands on legal grounds by legal precedent both (sic) in the U.S., Canada and the UK.” (© Personal Liberty Digest)
What happened in Cyprus in 2008?
After the banks in the Tax oasis Cyprus crashed the local government decided to avoid tough constraints from the European Union and their extended arm the EZB (European Central Bank) they just take the money they need from the depositor savings.
The idea was that people who had savings there should do their share on rescuing the country by being forcefully stripped of 10% of their savings no matter if cash on a savings account or any form of assessment. After a major outcry in the public the Cyprus government paddled back and decided only people with more than € 10.000 Euro on savings are affected.
Could this happen in the U.S.?
Yes it can. According to the Personal Liberty Digest the United States Congress is already talking about a proper law that allows holding innocent Citizens responsible for the failure of Bank managers; the very same Bank-managers that we trust with our money.
But it gets worst
Bank-Managers are not the only irresponsible People with our money. Even worst is the Government and their denial to responsible administer the “People’s Money” commonly known as Tax revenue.
A new easy way out for Governments
In U.S. Mainstream media ignored, but in the European Media a huge Information-Bomb the IMF under Christine Lagarde came up with a radical idea on how governments could level their budgets.
Basis of the context is that the governments currently are and will not be capable of cutting their National debt and fulfill their fiscal responsibility of a balanced budget and no policy so far, investment and stimulus vs. Budget cuts, has been of any success.
And they really mean every savings no matter if it is cash on a savings-account or some sort of stock options. No matter if you are a private citizen, entrepreneur, small business owner or corporate owner.
And here is how it works
If you are a Private Citizen: Every responsible citizen tries to save some money. Either for the kid’s college, the well-deserved world travel in retirement, or just for hard times.
Savings are generally money “left” after it is taxed. This money then is called in the bankers’ language “Substance” or “Basics” because it is already taxed money. Now we are clear that on interests received on those saving substance we have to pay tax again – but ONLY on the interest and not again on the substance.
If the governments however follow the IMF guideline or idea then you are not only pay tax on your income and interest but also are stripped of 10% of the substance / stock option / retirement or any other saving.
If you are an Entrepreneur/Small business owner: You probably have a business account. After paying all your dues and fees to all sorts of state, federal or local governments you might save some money in a savings account – a so called “appropriation” for further investment and to grow your business.
In addition to what you now been stripped as Private Citizen (above) also your business appropriations is forcefully taxed. DON’T FORGET – IN ADDITION.
If you are a midsized Business owner (50 Employees and more) or corporate owner: Also to the two mentioned above add all your pensions’ funds and social funds you have aside for the wellbeing of your employees.
There is no limit to the upward spiral.
Christine Legard paddles back and relativized
After the publication hit the news, ignored by the U.S. Media it hit like a bomb in the European Media especially in Germany and Austria who have not only already been there but also those governments including the French government think very loudly for the longest time with this idea.
Facing public outcry over this idea Christine Legard, current chair of the IMF, immediately paddled back and announced that this is NOT policy only the summery of a brainstorming and analytical work by their think tank. But here is the real danger.
What is the IMF?
The International Monetary Fund (IMF) is an international organization that was initiated in 1944 at the Bretton Woods Conferenceand formally created in 1945 by 29 member countries. The IMF’s stated goal was to assist in the reconstruction of the world’s international payment system post–World War II. Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds temporarily. Through this activity and others such as surveillance of its members’ economies and the demand for self-correcting policies, the IMF works to improve the economies of its member countries.
The IMF describes itself as “an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.” The organization’s stated objectives are to promote international economic co-operation, international trade, employment, and exchange rate stability, including by making financial resources available to member countries to meet balance of payments needs. Its headquarters are in Washington, D.C., United States.
Reading between the lines proves why this “analytical work” is so dangerous. While other think tanks usually serve as basis for broader discussion the ideas of the IMF usually become policy.
The IMF ideas usually become the worldwide policy and guidelines for key interest rates and the financial course of the member countries.
Officially disclaimed, the discussion over an extensive Debt-cut commonly known in the financial world as “haircut” is evident. The positive experience for debtors by haircuts in Cyprus and Greece increased the liking of this idea. Also evident is who will be paying for those haircuts at the end – those who still have the funds on day X.
Thus this idea of the IMF is nothing new. The basics of this study dates back to 1952 and the “German Model” also known as “Germany 1952”.
Back then German restructured his derailed national budget elegantly with a compulsory levy of 50% but not at once.
They did it in form of a 30 year limited “1.67 percent-once-a-year wealth compulsory levy”.
The renowned “Boston Consulting Group”, short BCG in September 2011 came out with a very similar idea. Under the title “Mesopotamia – the looming threat of debt reduction” this highly respected group suggests in their, publically not very well recognized, study a permanent compulsory levy.
You see this idea is not new after all.
Bank Bail-In & Government Bail-In
Putting 1+1 together the idea of the U.S. Congress, allowing a bank bail-in through customer compulsory levy makes a whole lot more sense when you look at the idea of the IMF.
What at the first look appears to be a favor to banks and a move towards responsible fiscal policy not making tax payers but rather customers responsible for their banks at a closer look appears to be a test run.
If people accept the idea of a bank bail-in why should they not accept a “Government bail-in”? Properly sold, and we know how good progressive Democrats play the media propaganda, people could actually think that this is a one-time deal and it helps the government.
After all, it was the Democrat John F. Kennedy that said in 1961 “Don’t ask what your government can do for you, ask what you can do for your government”.
Have you ever experienced that our or any western, government was learning from its mistakes? Have you ever experienced when the federal government increases the income through higher taxes they actually cut spending, be more responsible, pay off their debt and put money aside for hard times (as Texas does with the Rainy day fund)?
I didn’t and who tells us that this will be case when the IMF gets through with their idea? And who will tell us that this idea of the IMF remains a one-time deduction and not a permanent re-distribution?
And is this the American way? Your thoughts are welcome.
God bless America
Die Presse, Austria – Nach IWF-Aufreger-Wer keine Schulden hat, zahlt
The key players in the Money laundering and redistribution Fraud of the UN are as follows:
African Countries and representatives of the African Continent
You might ask, what do they have to do with all of that? From January to November those countries run from one putsch to the next, one dictator supersedes the next one.
In mid November when the countdown to Christmas is opened and the hearts of the Christians are filled with love and compassion, Right on time, the ongoing Genocide stops and we are swamped with pictures of poor suffering babies and women to seduce us to donate. And yet there are many, many real poor countries, Africa is the world champion in collecting donations.
Private donations – Private people in the rich countries collect per year an average of 5 Million Dollars – This makes about 30 Countries who are participating in the private collection – 150 Million Dollars every year. This has been going on since the 60’s which gives us a rough estimate of approximately 7.5 Billion Dollars in private donations. With this money help organizations claim to buy food, medics, and construction materials. The distribution is going through UN channels and 65% of the Cash disappears in unknown channels. Another 30% ends up officially stolen by the Warlords where the UN, I am sure takes it cut from the black-market profit of those goods, and the remaining 5% actually ends up at the victims door.
That makes a total of approximately 4.9 Billion Dollars in almost 50 years of Private Donations administered by the UN. WHERE IS THE MONEY?
And this is only in the private sector. How about the official payments demanded in those summits.
The G8 (G20) meet 4 times a year and the Climate Gate Summit is once a year that makes a total of 5 Meetings.
In every meeting you do not see Asians or any other poor countries, no, only the African Countries show up with their colorful traditional clothes and traditional dances permanently demanding money and credit cuts.
Why does a continent that performs Genocide become a credit anyway, if not to buy weapons to maintain the war?
In all five summits are agreements of debt reduction and direct donations to Africa.
The debt cuts allow African countries to apply for more credit, just to assure in the next summit that these very same credits are cut again. In addition to the credit cuts they demand direct donations in the Billions by the western civilized world.
Putting a number to it we are talking about an average of 30 Billion Dollars every year since 1975 this makes a total of 1Trillion 20 Billion Dollars through 2009. That number is not too high since the European Union just made an agreement of 15 Billion Dollars for the official third world countries (98% goes to Africa) alone at the Copenhagen summit.
Now add the 1 Trillion 20 Billion Dollars officially, plus an additional 7.5 Billion Dollars from Private donations which is a grand total of 1.27.5 Trillion Dollars. Now consider that 60% of the money disappears in unknown channels, only 5% actually goes to the people, and the rest ends up as food, Construction Materials, or prescription drugs purchased by UN affiliated company’s that ends up on the black market ( http://is.gd/5p1Uh ).
Germany and Austria received a 100 Million dollar credit after WW2, also known as the Marshal Plan. That would equal an amount of approximately 1.5 Billion Dollars today – both countries have paid off their debt in full, including interest as of 2 years ago, and yet both of them belong to the richest industrial countries in the world.
Africa, on the other hand has no economy or industry what so ever. After over a Trillion dollars in donations they have nothing to show for it except Genocide and state of the art weapons that some western countries would love to have. And yet Africa is never forced to pay back anything or show any progress.
Responsible for the distribution of the finances and the credit reduction is the World Bank and the United Nations. And the UN is not accountable to anyone. There is no controlling the United Nations. Every criticism is washed away.
A third of this money comes from the United States of America. Imagine how we could lower our deficit by using that money for ourselves.
WHERE IS THAT MONEY? – WHERE IS MY MONEY
The World Bank
The World Bank was established in 1945 to provide leverage loans to developing countries for a capital program. The World Bank is strongly affiliated with the United Nations and now participating in more than 31 worldwide activities that have nothing to do with the traditional banking areas. For example: Conflict development, Environment, Gender, Health – Nutrition and Population, Information/Computing and Telecommunication, Law and Justice, Mining, Labor and social protection, Private Sector and so forth (http://is.gd/5lePI ). All areas where I ask myself what does that have to do with banking.
The European Union
The European Union was originally founded as an economical counterbalance to the free enterprise, U.S. Market, and trade organization system. Today, The European Union has 27 members, a combined currency, and their own defense force as a military counterpart to NATO. The European Union is strongly undercut in socialist principles where even the Christian conservatives are more or less having socialist agendas. The idea is the total control of every aspect of life, economy, and personal living. The European ideal is a centralized government that is in total control, including the media.
They control the media by undercutting them through credits. All banks are one way or the other in governmental control, and since every company lives off of bank loans and credits the governments use this opportunity to infiltrate the media so they can transport their indoctrination of socialism to the people. Another stronghold of the EU is the socialist Medicare that forces citizens to give away their private information.
The European Union has 2 headquarters and is strongly represented and connected in and with the UN.
The United States of America
The United States was founded on the principles of freedom and prosperity through hard work, as opposed to the European Union who believes in redistribution and punishment of hard work. The U.S. has always played a major role in the UN. Every time the UN has produced troubles in another country, or was diplomatically unable to solve a problem, they ask the United States to become the World’s Police force, on demand. However, once we solve the problem the UN and the EU blame us for our alleged “Imperial Interests”.
But the truth is we have the right to benefit first, once we have solved the problem.
The UN claims that we (The Unites States) owe them years of membership fees (yes it is true; in addition to all the donations we still pay membership fees). But let us do a little more math here. Considering what we owe the UN and what the UN owes us, for all the military actions we have performed under the UN Flag, the United Nations would owe us so much money we could reduce our Federal Deficit by 15 to 20%.
Those are 4 of the 5 major Key players the UN needs in order to control the world as Shadow Government. The UN itself, how this organization operates and controls and maintains its power, will be shown in my final Blog. And I will show you interesting facts there.