If there is one thing about which you can be certain concerning cash held on deposit it is that the government of your country has plans to steal it. The bankers new motto: “What’s yours is ours.” As such, the plan for 2014 should be to buy and hold even more gold and silver and reduce your exposure to cash held in any bank to just enough to cover week by week expenses. Keep the rest of your cash at home, under the mattress, in a safe, buried in the backyard, anywhere but in a bank. Bottom line: Bankers can and will steal your cash, but there is no way they can take your personally owned and personally held gold and silver.
So says Michael Noonan (edgetraderplus.com) in edited excerpts from his original article* entitled Gold And Silver – Bankers Can [Will] Steal Your Cash But Cannot Touch Your Gold/Silver.
[The following is presented by Lorimer Wilson, editor of www.munKNEE.com and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]
Noonan goes on to say in further edited excerpts:
ANYONE who keeps money in any banking system in the Western world is sending an RSVP to bankers to access their funds, and they will not disappoint. The blowback from the confiscation of Cyprus banking accounts was not much, really. Financial shock and awe, to be sure, but just like every other banker-created scam, there are no real consequences. The elites carefully monitored world response and learned one thing:
“more of the same, in some fashion or similar form, will work and we (the bankers) will get away with it.”
- Cyprus is a Trial Balloon for the NWO – Buy Gold to Protect Yourself
- Funny Business: An Expose on What the World’s Central Bankers Are Up To
- Can Bank Deposit Confiscation Happen Here?
- Didn’t You Know? You’ve Already Agreed to Let Banks Freeze or Seize Your Deposits Under Certain Circumstances
- Canada & the European Union Are Proposing Cyprus-style “Bail-ins” for Their Too-Big-To-Fail Banks!
Another example: Read this excerpt from the IMF October publication “Taxing Times” which states on page 49 of a report entitled A One Off Capital Levy:
“The sharp deterioration of the public finances in many countries has revived interest in a “capital levy”— a one-off tax on private wealth—as an exceptional measure to restore debt sustainability. The appeal is that such a tax, if it is implemented before avoidance is possible, and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair).”
The cunning and planning goes on behind closed doors on an ongoing basis. Then there was this article from Reuters entitled EU Executive See Personal Savings Used To Plug Gap which says, in part:
“the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis”
In other words, all of the trillions of $$$ used to prop up every single insolvent bank in the Western world has failed to boost any economy, and the reason why it has failed is because the bankers are keeping the money for themselves, not lending it out. Every economy is being starved of capital.
The solution the document goes on to say is that: “The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law to mobilize more personal pension savings for long-term financing”
Doesn’t that sound economically viable?! It is EU doublespeak: to mobilize more personal savings, in normal words means “confiscate,” or more to the point, “steal.” The central planners never stop planning, and your savings and deposits are in their crosshairs.
The bankers are not stopping there, however. The ultimate goal? All pensions, IRAs, 401ks, whatever form your retirement funds are in will be switched, for your own good, of course, to the safety and guaranteed security of government bonds. You will be assured of a few percentage points of interest. What, 1, 2, 3 percent? With inflation running at 8 to 10 percent, minimum, at least in the real world? Such a deal.
Obama has introduced the MyRA account, and just like Obamacare, it is for the “benefit” of the public good. It is the prelude for eventually taking over the country’s entire pension programs, taking over all the accounts, (stealing your lifetime savings), and exchanging them for the US Treasury Bonds the Fed cannot sell to countries anymore. This is the only way the US government can cover its trillion $ (and growing) deficit spending.
- U.S. Gov’t May Want to “Help” You Manage Your Retirement Account! Really?
- The Government May Soon Force You to Include U.S. Treasuries In Your IRA and/or 401(k) Plan
- Will U.S. Gov’t Eventually Mandate that ‘x’ % of IRA/401K Funds Be In Treasuries?
- Is Your IRA or 401K a Target of Government Appropriation?
- How Safe Is Your Retirement Money from the Government’s Grasp?
- Americans: Here’s How to Protect Your Retirement Assets From Coming Gov’t “Confiscation”
- Beware! “Retirement USA” Program Would Be First Step Towards Government Confiscation of Retirement Dollars
What is wrong with this picture? Who elected the bankers? Who elected the EU members that run Europe like their own ATM? They all are empowered by the elite shadow rulers. What is worse, people are not rebelling. Instead, all acquiesce to the whims of the central bankers. “All” is close but not quite accurate. There are the relatively few who own and hold silver and gold, immune, to that extent, from the theft of banking funds/pension funds/ mutual funds/corporate and government bonds, any form of paper thought to have value.
- Gold Bullion or a ‘Guaranteed’ Retirement Account: Which Would You Rather Have in Your IRA or 401(k)?
Rest assured that those who impose (steal) “special situations” are exempt themselves. All of your hard-earned money and life savings are needed to prop up the insolvent banks, pay for all the banker bonuses and lavish lifestyles, because the bankers will never be held accountable to the financial problems they created, and you must now pay for their mistakes for no bankers are ever held accountable, just you and your neighbors.
- The Central Bankers’ Theme Song: “Money, Money, It’s a Rich Man’s World!”
- New Central Bank ‘Market Assistance Directive’ (MAD) Is Pure Madness – Absolutely Unbelievable!
The choice is simple: paper or hard assets and from what we can determine, financially smart people own, and personally hold, and continue to buy gold and silver, the most durable “wealth” preserver of all. Owning gold or silver ETFs or futures are paper and not a claim on the physical. Accept no substitutes….Everyone should be buying physical gold and silver as often as possible, and price is not the most important issue, owning it is….
A side note: The past two weeks have been the best for gold in several months. We maintain the belief, however, that extraordinarily higher prices for gold and silver are not going to happen, in the near term. Maybe sometime in 2014, it is too soon to tell. What is more important are the events like those discussed above that are setting the stage for eventual higher prices.
What should be of primary concern for buyers of the physical is the availability. It may not always be readily available, as it is now, and that should be a driving motivation for their acquisition. For those who already own PMs, particularly at higher prices, do not fret. Their value will go back to levels paid, and much higher. Just be patient. It is short- sighted to measure one’s holdings based on price as opposed to the reason for buying them in the first place.
If you do not complain about paying for car or house insurance that does not get used, why complain about PM holdings from higher prices? Stay focused. Events are unfolding in an alarming manner, and people should be very worried about what is going to happen. Look at Cyprus, Greece, Venezuela, Ukraine to get an idea of how ugly things can, and will get.
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
*To see Noonan’s entire article, complete with a number of charts, visit http://edgetraderplus.com/market-commentaries/gold-and-silver-elite-can-will-steal-your-cash-but-cannot-touch-your-goldsilver
The following is a ‘to be forewarned is to be forearmed’ commentary. Should those with bank deposits in the…European Union be concerned about the possibility of a ‘Cyprus event’ coming ‘soon to their neighbourhood’?…What about bank deposit confiscation in Canada?…[T]his is something to…consider and ‘think about’. Read More »
When the government runs out of money, or they face a drying up in interest for its debt, they will come for the $19.4 trillion in Americans’ retirement accounts. It seems that day may be finally drawing near. Here’s why. Read More »
There are huge amounts of money in the IRA ($3.5 trillion) and 401(k) ($5.1 trillion) retirement plans in the U.S. (another $9.9 trillion in assets held elsewhere) according to a recent Investment Company Institute study which makes it very tempting for government to try and get at it. [While] the government may, or may not, tax the money, they may force you to include a sizable percentage of the retirement assets in your IRA and/or 401(k) in U.S. Treasury securities, which may be among the worst investments in the years ahead as interest rates go up and price inflation eats away at the buying power of those IOUs. [Let me explain.] Words: 802
The notion of government raiding personal retirement accounts for funds may seem extreme…but other governments have done it. Argentina did in 2008, Ireland has indicated it might [and the U.S. might well do so as it’s] financial crisis worsens. This article puts forth reasons why it is possible they would undertake such a grab or ‘confiscation’ of your retirement accounts and how they likely would go about implementing such an event. Words: 700
Will the laws and rules in place to protect individuals in their attempt to set something aside for retirement be safeguarded by the representatives elected to advocate for them in Washington? Will the principles and moral integrity of the political class keep them from appropriating the trillions of dollars held in 401k’s and IRA’s? I’m not so sure! Words: 1207
Hank Paulson, the Goldman Sachs bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the world financial system is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives. Wall Street’s approach to the poor has always been to drive them deeper into the ground. Words: 777
Mandatory IRAs as proposed by the Obama Administration is just the 1st step in stealth nationalization and forced investment of our retirement benefits to support the treasury debt market! [As such,] every American with substantial retirement assets must [begin now to] protect themselves from having to become buyers of last resort for US treasury obligations. [Let me explain.] Words: 6349
The Obama administration is “taking the first steps to confiscate retirement dollars,” according to Dr. Jerome Corsi who predicts that the end result will be retirees with 401(k) plans holding near-worthless government debt “that will be paid off in a devalued currency worth … pennies on the dollar.” Words: 839
“If one believes that the deployment of Guaranteed Retirement Accounts are reasonably probable”, Blasi maintains that “then the remaining action item in such a scenario would be to coax the public into personally assuming the debt the rest of the world was refusing to accept,” and asks: “If the beliefs of many regarding activities conducted by ‘The President’s Working Group on Financial Markets’ (Plunge Protection Team) are sound, could not this same entity be utilized for such theoretical events as those described? Frankly, the possibility that such an initiative might be needed to rescue the Treasury market does add an additional, and considerable, threat to the equity markets.” Words: 1052
Cyprus is a trial balloon for the NWO [New World Order], taking a small country that can more easily be controlled, putting the financial screws to bank depositors and then watching how it all unfolds, creating a playbook for future bank raids… If anyone thinks this [was] a one-time, knee-jerk response, the Bank of Cyprus is offering a free toaster for new deposits as a reminder that your money will be toast.
The politicians of the western world are coming after your bank accounts. Cyprus-style “bail-ins…for systemically important banks” are actually proposed on pages 144 and 145 of “Economic Action Plan 2013″ in the new Canadian government budget and it is being reported that the European Parliament will soon be voting on a law which would require that large banks be “bailed in” when they fail. …I can’t even begin to describe how serious all of this is. So exactly what in the world is going on here? Words: 1075
The funds you have placed on deposit and the property you thought was secured in your safe deposit box may not be safe under certain circumstances. They may, in fact, all end up belonging to the bank and not to you. Read More »
It was not my fault your contract was cancelled. You were not replaced with a Bitcoin presentation. Truthfully, the time you were allocated conflicted with the time the lobbyists at the conference were going to be giving out their swag and bling to curry favor with the attendees. No one would miss a chance to load up on trips, watches, jewelry and other assorted luxury items to hear you speak. Read More »
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This article relates to a recent dinner I had with an European Central Bank [ECB] “executive” during which it was expressed/revealed (some might say, confirmed) that there is an on-going global conspiracy by Central Bankers to overthrow democracy and take over the world so to speak in what many refer to as a New World Order (NWO). My first reaction was that what he had to say was outlandish but, upon reflection, I think, in spite of the humorous circumstances surrounding the meeting, what he had to say was of considerable merit. Read on and express your own views in the Comment Section at the end of the article. Read More »
When prices are set by companies that can profit by manipulating or rigging them, we’re screwed. This “harvesting” of our money in ever-more-creative and hard-to-detect ways is not just stealing by reaching a hand into our pocket and taking out money, but stealing in which banks can hit a few keystrokes and magically make whatever is in our pocket worth less. This is corruption at the molecular level of the economy – Space Age stealing – and it’s only just coming into view. Words: 630 Read More »