Wednesday, October 30, 2013

IMF: A Confiscation Tax is Headed Your Way

Jeff D. Opdyke is the editor of the Profit Seeker at TheSovereignInvestor.com

Jeff D. Opdyke

Dear Friend,

Now, I’m scared…

And if you, too, care about preserving your personal wealth, then a new report released this month by the International Monetary Fund (IMF) should leave you paralyzed with fear and desperate to find measures to counteract the attack that will soon take aim at your pocketbook.

In the 100-plus-page report dryly titled Fiscal Monitor: Taxing Times, the IMF has essentially given lawmakers from deeply indebted countries a paint-by-numbers kit on how to extract larger tax revenues from anyone with any level of wealth. Though the IMF’s language is couched in faux-objectivity, the underlying message is shockingly clear: Many developed nations, especially the United States, have abundant opportunities “to raise revenue from the top of the income distribution,” using a variety of methods including the direct confiscation of personal wealth.

But it’s best that I let the report speak for itself and let you come to your own conclusions…
“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 conditions for success are strong, but also need to be weighed against the risks of the alternatives, which include repudiating public debt or inflating it away.”
Those sentiments, from page 49 of the IMF report, should scare the hell out of anyone with even a modicum of wealth … for that wealth could soon be under assault.



Consider what that paragraph above is really saying. Its sentiment is clear: You, the developed countries of the world that have done such a masterful job of suffocating yourselves with more debt than you will ever be able to repay, have three options. You can default on your debt down to a level that is manageable … you can inflate the hell out of your economy and in that process destroy your currency and probably spark a bout of hyperinflation … or you can claim eminent domain over a portion of your citizens’ personal wealth and simply take it for the needs of the state.

And look at what the endgame is: “debt sustainability.” Not debt eradication. Not learning to live within the revenue stream you generate as a country. Just the ability to continue relying on debt … largely to pay for bloated welfare programs that will be the death of many Western economies in the not-too-distant future – and that just gets us to a point sometime in the future when debt levels are too high again and government once again imposes a capital levy.

Please understand that the IMF is not some wacky band of fringe-dwelling lunatics peddling daft ideas to no one of importance. It’s the central banker to the world, and it’s funded by the so-called G20 nations, the world’s 20 largest economies. What the IMF suggests is taken quite seriously inside the halls of congresses and parliaments throughout the developed world. Its reports often serve as the backbone for the various financial policies that lawmakers undertake across the globe.

The organization doesn’t publish random musings. It deliberately sends messages to those with the greatest influence in shaping the world’s monetary and taxation policies. The message it’s sending with this new report is that the developed world is in a seriously bad way, and that the radical steps required to keep the cart on the rails mean that anyone with any wealth will have to part with what they’ve worked so hard to accumulate … for the good of the state.

Scariest of all in the IMF’s assessment is the phrase: “If it is implemented before avoidance is possible.” The IMF reflexively recognizes that the medicine it prescribes will not go down without force, and that those of us who can will rapidly seek ways to keep the government’s greedy paws away from our personal wealth. To counter that, the IMF implicitly advocates a blitzkrieg approach to governmental thievery. Imagine waking up some random Monday to find that the federal government has imposed a week-long “bank holiday” that limits your access to your own money to maybe $200 a day through an ATM, and that the government is imposing a new “wealth tax” that requires every American with a positive net worth to give 10% of that wealth to the government.

Can’t happen here in America?

Never underestimate the deviousness of desperate lawmakers – and America’s actions over the last decade speak to nothing if not desperation. Washington has a history of surprise moves. It has imposed bank holidays. Presidents have devalued U.S. currency overnight. Lawmakers have imposed “temporary” measures that are now permanent fixtures in our financial lives, including the income tax and the fact that silver no longer backs any of our currency.

Be Prepared for What’s Coming …

Do not think that this won’t hit you. The IMF is not calling on governments to soak the hated 1%. The IMF recognizes that not even the developed world’s richest denizens have enough cash to refloat the sunken system. So … everyone with a positive net worth will have to relinquish a portion of their wealth.

Your takeaway from all of this should be crystalline at this point: You absolutely must begin putting in place the plan B you could very well need one day to survive the legalized thievery that, with this IMF report, is now an official part of government dialogue.

You must have some portion of your wealth in assets not easily taxed or taken, like gold and silver bullion or, more importantly, collectible gold and silver coins. You need money available to you offshore to reach in the event of a bank holiday and in case you decide the financial pain associated with your nationality is suddenly too much to bear. And you should at least begin the process of considering where you would feel comfortable living outside America if life inside America becomes financially unbearable.

The IMF is telling you what is coming. And I’m telling you the wealth confiscation is nothing to brush aside as impossible in America. We are a deeply, deeply troubled country. And deeply troubled countries always resort to unexpected solutions.

Video below of IMF summary of the report:
You’ve been warned. Until next time, stay Sovereign. Jeff D. Opdyke's article first appeared here.



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25 comments:

Anonymous said...

The IMF proposes middle class and upper middle class citizens suffer wealth confiscation.
But the bankers and Corporate CEO's who support the IMF have their money safely protected from confiscation.
The 32 trillion plus that the bankers/corporate leaders/insurance leaders, and other uber wealthy individuals have stashed in off-shore accounts is never even considered as a means of letting poor countries become solvent.
Even though it is the reason countries are fiscally insolvent in the first place.

Anonymous said...

Oh man. Now I'm scared,paralyzed with fear, and desperate. Les visible is correct. Y'all are some fear porn peddling advertising ho's. Makin enough money off of the potential collapse of humanity?. Shut up. Punks.

Renard Moreau said...

[ Smiles ] I am not in favour of such an evil tax!

Anonymous said...

what the artical doesn't state is that the US Fed gov. is in receivership (due to fraud and treason) TO the IMF. Look it up.

Anonymous said...

They started in 1913 with income tax and nothing has been the same since. The "potential" collapse of humanity by the way, has been extremely well planned. After the orchestrated WWIII ends and billions have died the New World Order will emerge and you will have your RFID chip and absolutely no freedom...end of story.

Anonymous said...

the truth is they they can only take liquid assets from you like cash in banks, stocks etc.
if you are debt free, it is gonna be extremely difficult to seize hard assets from you. leave only as much in banks as you are willing to loose. get out of all cash now. brainwashed people who believe in the system till the end will loose the most.

Anonymous said...

Before considering the "help" from the IMF, it is EXTREMELY important to research it's history. how it makes deals with third world countries, and it's clear cowardice at not pointing directly at the US. it is further worth the effort to make the same investigation of the WTO.

Anonymous said...

Anonymous 12:00pm. If you can comprehend what these 2 PDF links insinuate, you may change your tune.
http://www.fdic.gov/about/srac/2012/gsifi.pdf
http://www.financialstabilityboard.org/publications/r_121102.pdf

wtcskeptic said...

People always talk about the debt as if its owed to some alien civilization. Its owed to people. Either to individuals directly or indirectly thru financial institutions. In a debt based monetary system, the net financial debt of the world is always zero, as is the net financial wealth. . When we talk about a great deal of money being 'owed' to someone we are really talking about a seriously out of whack, vastly unequal wealth distribution of some sort. If its we, the American public, that owes the money collectively to a few wealthy private American individuals and financial institutions (although we owe a trillion to China and some to Japan and other countries ,most of the debt is actually owed to Americans) , then well, guess what happens. What always happens in this case.. Using one mechanism or another, the full debt essentially doesn't get paid. Or we take their money and hand it back to them as payment which amounts to the same thing in the end. So whether that is called a tax on the rich, a wealth confiscation, a debt write down, a default, or whatever, it happens. Its the inevitable result of a very few people being so good at the game that they have somehow ended up with all the monopoly money , and on top of that IOUs for more monopoly money that does not even exist. Surprise surprise, super wealthy folks, you can't cash in those IOUs. The box is empty. The banker ran out of monopoly money.. Just be happy you're going to be allowed to keep your heads attached to your shoulders. You historical predecessors were not always so lucky..

Anonymous said...

My previous comment was meant for Anonymous 1:07pm, Sorry 12:00pm.

Tatiana Covington said...

And quickly it would all be squandered.

Anonymous said...

Ooh well, be proud to be part free and brave country. Gosh bless America. You can blam and blam all you like, in reality there isnt anything you can do about. Eveyone bent over and take it all the way. Poor you.

Anonymous said...

The US is in debt not because of welfare but because of warfare and the off-shoring of jobs as Paul Craig-Roberts correctly points out.

Anonymous said...

The elites that already own most of the world want the rest , that they dont own. The confiscated wealth will not "disappear"....it will merely go into the pockets of the people running the INF, World Bank and Central Banks. They will then be God Kings, Oligarchs or whatever you want to call them.

Anonymous said...

I note that there is nothing about the fact that the IMF debt is only promissory so it does not really exist, and there is also no mention of the fact that this system of Usury never puts the interest into circulation, so it is just a big Ponzi scheme for the global elite to rob humanity. I make note of the fact that the personal owners of the IMF (that's right it is a private company) won't be having any of their incredible wealth stolen, nor any of their cohorts in crime. This theft will be exclusively of the middle class, because they are the only one's who have a hope of stopping these psychopaths!

Anonymous said...

If they steal money from the working class, the working class will kill all the of the upper class. It was done in the French Revolution and the Chinese Revolution.
They have failed to disarm the working class and that will cost them everything.

Anonymous said...

The multiplication of public offices, increase of expense beyond income, growth and entailment of a public debt, are indications soliciting the employment of the pruning knife.
Thomas Jefferson, letter to Spencer Roane, March 9, 1821

Anonymous said...

Pruning time, oh yes that spring-time rite, is a-near; nay, right here! So take your knife and prune away, oh prune away your strife.

-anon(c. 1612)

Anonymous said...

Few if any understand what this means. So I'll ask a few questions:

On your "dollar bill" it says "NOTE" do you know what a note is? It is a debt. This means your dollar bill is actually an IOU.

If you have one million dollars in the bank, do you have a credit or debt of one million? Ah, you owe one million dollars, as you have one million IOU's passed down to you by others and if no one accepts your IOU's you have less then nothing.

If the IMF intends on confiscating wealth, why on earth are they confiscating IOU's? Doesn't taking a debt to pay a debt mean nothing but more debt? No, the IMF is the issuer of debt, the sole entity able to issue debt without arrest - they are eight men. By taking back the IOU's they afford the opportunity to do two things: Increase the value of the IOU's already out there and, more importantly, create more debt in a short period of time to fill the vacuum the created by the confiscation.

The goal is enslavement through debt. Those of you who are rich today, will have to go down the bottom the slave pool in order for the system to work. This was part of the plan 100 years ago, this was not something dreamed up last week, this was the plan all along: print some money, loan money so a lot of money can be printed, never print the interest, remove the money and start over.

Anonymous said...

My money does not belong to me. It is not my God. It belongs to governments and their people who make it "their" god and worship it.

I belong to the God above- I worship him instead.

Let them come and take their god to live with it forever as they wish. Let it make them happy for a time.

Emmanuel Truthseeker said...

A couple of recent posts I found indicated that the Rothschild's wealth is estimated to be half the total wealth of the planet; somewhere in the astronomical neighborhood of 500 TRILLION dollars! Another huge chunk of the world's wealth is in the hands of the Rockenfelders; they changed their name; as 'They' are wont to do. 'They' own the MSM and regularly tell the sheeple the world's richest man is Bill Gates. His fortune is a drop in the bucket compared to that of the other 'Theys' I mentioned above. It really is a wonder, since so many have known about this for so many decades now, many books have been written exposing the 'Agenda', and yet, those, 'Theys' I mentioned are still slithering about on the face of the planet and hell bent on enslaving the rest of us. Maybe it is time to cut the head off the serpent.

David A. Laibow said...

The legal basis for extra-constitutional seizure of American property already exists. If you visit "whitehouse.gov", you can look up "Executive Order -- National Defense Resources Preparedness", which President Obama signed into law on Friday, March 16, 2012. It enables the Executive Branch, through the Cabinet department and the independent agencies, to confiscate your property -- financial, real estate, and personal -- as well as your person and labor, through its "civilian labor draft" provisions.
I established "Caballa Relocation Services" to counsel Americans on relocation of their families, their money and assets, and themselves to other countries, particularly Australia, New Zealand, Thailand and the Philippines (where I live. If you'd like free, no-obligation information, contact me (Dave Laibow) at "caballafamily[a]yahoo.com".
I'm Jewish, and if I had been a German Jewish family head, reading Adolf Hitler's "My Struggle" ("Mein Kampf") in 1926, the year after it was published, I would have had my family, my money, and myself out of Germany by the end of 1927 -- more than 5 full years before Hitler became Chancellor of the German government on January 30, 1933!
In my opinion, this is the beginning of the end of the American economy as you've always understood it, and when the gates slam shut, you and yours are trapped for good!

Anonymous said...

The root of the problem: "You shall not steal." Ex. 20: 15. This Commandment from The Great I Am, is the foundation of all property rights.

The pertinent statute under this Commandment regarding this subject is: "You shall not have in your bag differing weights, a large and a small." Deut. 25: 13, Lev. 19: 35-37.   "Bag" is what one carries money in.

He commanded gold & silver as the medium of exchange to use, primarily silver (e.g., Gen. 23: 14-16; Matt. 26: 15), not something backed by silver.   

He also commanded a fixed fineness & weight, i.e., the shekel of the sanctuary. That's what we're to keep all our valuations and do accounting in.  Lev. 27: 25.   

Unjust weights & measures are an abomination to Yahweh, while just weights & measures are His delight.  Prov. 11: 1. 

Moreover, we are not to lend upon usury (ANY % interest) to our racial kin. Deut. 23: 19-20.

More citations to God's Economic Laws can be given, but this should suffice for now.     

This power to decide what is to be "money" and determine it's value, as well as the standard of it's weight & measure was usurped by the god "We The People" via the constitution's grant of this power to congress:

"The Congress Shall Have Power To ... coin Money, regulate the Value thereof ... and fix the Standard of Weights and Measures."  Art. 1: Sec. 8 (Also note the power " ... To borrow Money on the credit of the United States ..." was granted there as well.    NO mention of at No interest, I might add).

The door was opened and the process began when we decided “We The People” should be god (sovereign) and decide what is to be the supreme law of the land, instead of obeying The Great I Am.  It didn't START 100 years ago with The Federal Reserve Act and the 16th Amendment. These were mid range of the process.

Eventually, we wound up with The Federal Reserve Act, which gave the power to issue the currency and control credit (5th. Plank of "The Communist Manifesto").   "Give me the power to issue the currency and control the credit of any nation and I care not who makes it's laws." Nathan Rothschild.

We now have a wicked and thieving monetary system of irredeemable Federal Reserve Notes (which are Promissory Notes and NOT payment, but "a mere discharge in equity."), checks, credit & debit cards, direct deposit, etc., AND NONE OF YOU OWN ANYTHING 'CAUSE YOU NEVER "PAID" for it! 

ESPECIALLY so called "Private Property".    IT'S NOT YOURS!   You only have an "Equitable Interest" in it!   You know, like: "How much equity do you have in this property".   Get it???

Moreover, we're all being robbed of the purchasing power of the fiat currency in circulation on a regular basis via the hidden tax called "inflation", which is really an inflation of the "money" supply !   

Continued below.

Anonymous said...

Continued from above:

They even have the vast majority of this nation believing irredeemable Federal Reserve Notes to be, and calling them: "dollars"; just like they have the vast majority calling sexual perversion: "gay" !

The legislative process provided by the various federal & state constitutions was the vehicle used by the enemy to corrupt over time (via gradual increments) and finally take over.

This nation wanted to determine what was “good and evil” instead of enforcing His Perfect Moral Laws.

Malim in se (evil in and of itself as defined by The Great I Am, the ONLY lawgiver) vs. malim prohibitum (evil because someone determines or legislates it to be evil).

The only way to save this nation is to turn back to Him, His Perfect Moral Laws, Statutes and Judgments, i.e., His Kingdom/Will On Earth. Seek Him while He may yet be found.

“Come to Me, all who are weary and heavy-laden, And I will give you rest. Take My yoke (i.e., His Law 1 John 5: 2 & 3, as well as His tithe [tax] system) upon you , and learn from Me, for I am gentle and humble in heart; and ‘YOU SHALL FIND REST FOR YOUR SOULS.’ (Jer. 6: 16). My yoke is easy, and My load is light.” Matt. 11: 28 – 30.

He told us that if His people ” … shall humble themselves (take our proper place and quit usurping His), and pray, and seek my face (e.g., He’s to be the ONLY law giver), and turn from their wicked ways (e.g., enforce His Laws, Statutes and Judgments - NOT ours); THEN will I hear from heaven, and will forgive their sin, and will heal their land.”

Anonymous said...

Who ever at the IMF came up with this idea should be terminated, and any third world crap hole nations who stand to benefit from your hard earned wealth should be bombed. That would end the problem!

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