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Cameron, Confiscation, And "What's Yours Ain't Yours!"

Tyler Durden's picture




 

Submitted by Martin Armstrong via Armstrong Economics,

David Cameron has come out and argued that taxes will rise unless he can raid bank accounts in the UK. Cameron argues he will “have to put up taxes” unless tax officials are given draconian powers to raid people’s bank accounts if they think they even owe money. Trust me – all politicians share ideas. Obama is already conniving a way to do the same thing – you can bet on that.

There is no elite private conspiracy of some dominating group. That implies some comprehension of what is even possible. I have sat in the room with such people and these conspiracy stories give these people way too much credit for being intelligent. Nobody smart enough to handle the job ever seeks such positions. Governments are run by lawyer-politicians who think they need only decree some law that solves the problem. They understand nothing. Why should people keep money in a bank in the UK after Cameron makes such a statement? He is way too stupid to realize people act in anticipation.

If I said I was going to punch you in the face, would you stand there or act in anticipation like move or fight back? Politicians cannot get this through their head that the economy functions always in anticipation of future events. They are just crazy – although not out of their mind entirely just yet. They can read a script, but they are incapable of understanding the people or math.

These people are simply beyond control. All they can see is the immediate issue to survive day-by-day. They have absolutely zero comprehension of what they are doing and even less understanding of what happens when there is no more money they can raid. Those at the helm of the world need no elite-conspiracy. They are too stupid to have long-term plans beyond 30 days. This is how Empires Collapse – they are following the precise step-by-step guide for total chaos.

 

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Sun, 05/11/2014 - 18:04 | 4748978 0b1knob
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"draconian powers to raid people’s bank accounts if they think they even owe money"

Hasn't the IRS had that power for decades?

Sun, 05/11/2014 - 18:11 | 4748996 insanelysane
insanelysane's picture

As long as they are raiding someone not in the power elite's circle.

Sun, 05/11/2014 - 18:39 | 4749060 NoDebt
NoDebt's picture

The well-connected will NEVER have their accounts raided.  NEVER.

Unfortunately, swiping people's accumulated wealth is something you can only do once.  Then it's gone.  And when the books STILL don't square, what then?

I applaud the author for pointing out that not everything is a conspiracy.  True to a point- zombies don't know they are zombies.  But there are those well aware and knowing well their next actions, moving in advance of them and maintaining their position.

Sun, 05/11/2014 - 19:32 | 4749189 Ignatius
Ignatius's picture

Like gold knocked down $20 to $1280 at today's open... understandable, given the calm geo-political environment.

/s

Sun, 05/11/2014 - 19:34 | 4749193 Anusocracy
Anusocracy's picture

It wasn't a conspiracy when hunter-gatherers attacked a neighboring tribe for females or resources, nor when a city-state attacked another city-state. It was mainly for survival.

Unfortunately, our insane clown politicians behave the same way because they're only good at stealing wealth, not creating it.

Mon, 05/12/2014 - 02:08 | 4749991 Nehweh Gahnin
Nehweh Gahnin's picture

And this is how we describe ... civilization.

Sun, 05/11/2014 - 21:37 | 4749557 Atoyota
Atoyota's picture

Just you wait Henry Higgins just you wait

Mon, 05/12/2014 - 04:19 | 4750073 Slarti Bartfast
Slarti Bartfast's picture

And when the books STILL don't square, what then?

Then you raise taxes anyway. Then, presumably you just outright confiscate cash without bothering to lie about how it's owed.

Mon, 05/12/2014 - 13:35 | 4751376 TheReplacement
TheReplacement's picture

Just about everything is a conspiracy really.  You and your wife plan to live a certain way, you are conspiring.  It isn't necessarily bad. 

Things that are not conspiracies - volcano eruptions, earthquakes, tornadoes, flat tires... unless you get something like 12 flat tires in 10 years in your driveway - I'm seriously going to unload on whomever it is IF I can catch them.

Sun, 05/11/2014 - 18:40 | 4749063 spine001
spine001's picture

Problem is that the people that voted for them are even more stupid.

Sun, 05/11/2014 - 22:48 | 4749248 Anusocracy
Anusocracy's picture

Stupid evil voters paired with their doppelgangers, evil stupid politicians.

Farce meets tragedy, compliments of Mother Nature.

Sun, 05/11/2014 - 22:35 | 4749684 durablefaith
durablefaith's picture

You give the vote tabulators way to much credit. Diebold whistleblower backstory ring any bells?

https://www.youtube.com/watch?v=k_rMpQKqZhM

Mon, 05/12/2014 - 06:22 | 4750145 Flagit
Flagit's picture

The first few minutes of The Lego Movie was a refreshing sign.

Worth the watch.

Sun, 05/11/2014 - 19:42 | 4749208 All Risk No Reward
All Risk No Reward's picture

>>These people are simply beyond control. All they can see is the immediate issue to survive day-by-day. They have absolutely zero comprehension of what they are doing and even less understanding of what happens when there is no more money they can raid. Those at the helm of the world need no elite-conspiracy. They are too stupid to have long-term plans beyond 30 days. This is how Empires Collapse – they are following the precise step-by-step guide for total chaos.<<

Nice job carrying water for the criminal class.  I hope they give you a pat on the head.

>>As long as they are raiding someone not in the power elite's circle.<<

Which proves the conspiracy some people try so hard to keep under wraps.

BTW, these quotes were written in the 1960s....

"In addition to these pragmatic goals, the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations."
~Carroll Quigley

“The technotronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieval by the authorities. ”
 ~Zbigniew Brzezinski, Between Two Ages: America's Role in the Technetronic Era

Sun, 05/11/2014 - 20:56 | 4749437 willwork4food
willwork4food's picture

Which proves without a shadow of a doubt that the "fools" are not necessarily fools, but bought out and controlled whores following orders, although it is possible that the HIGH REALM ELITE are playing them for suckers when they begin to get wacked off in a civil war one-by-one...which they want to happen. Case in point: Hunger Games. Why would they let that script go public?

Sun, 05/11/2014 - 22:33 | 4749677 durablefaith
durablefaith's picture

Re: Hunger Games

And...Matrix, The Island, Beautiful Mind, Lion King, Avatar, etc..

Or..go back further...Brave New World, 1984, etc..

These are control freaks and they enjoy telling you what they are going to do to you, before they do it to you, thus emphasizing the fact that you are in fact helpless and they have all the power.

But Judgment day cometh...

Mon, 05/12/2014 - 01:28 | 4749935 All Risk No Reward
All Risk No Reward's picture

Add the original Rollerball, They Live, Michael Clayton, The Shooter, Even the Rain (one of the most sophisticated movies I've ever seen and I had to read subtitles!).

Rollerball took place in a society where the nation states went bankrupt to the corporations and the NFL, NBA, etc...  were dismantled and replaces with the scientifically engineered Rollerball...

Watch the movie and find out why Rollerball was scientifically engineered and what message that has for the entertainment class of today.

Also remember that Jonathon's wife was snatch by a corporate executive.  He wanted her so he simply took her.

Mon, 05/12/2014 - 02:43 | 4750021 Oliver Jones
Oliver Jones's picture

It's The China Syndrome that has me worried.

Sun, 05/11/2014 - 20:55 | 4749441 UselessEater
UselessEater's picture

Global Technocracy needs the BIS and global taxation regimes. OCED is well on track ensuring the systems, tech and ability is in place using the FATCA approach.

http://rt.com/op-edge/157636-oecd-agreement-tax-evasion/

The global tax regime is about infrastructure for global governance of ordinary people not tax cheating corporations like Google; digital money allows banks around the world to become office branches of national tax collection department (eg ATO, IRS) it also eases the way for capital controls and arbitrary taxes and wealth levies in the future to reduce "national debts" as the IMF wishes & every insolvent criminal government wishes.

While this may be at present less relevant to people who work and reside in only 1 country - its another preparatory net being put in place for criminalisation and wealth confiscation globally. Its serves for the death of soverignty and national interests.

Sun, 05/11/2014 - 18:43 | 4749080 Amish Hacker
Amish Hacker's picture

Or, when you retire, they simply subtract that unpaid student loan from your Social Security checks.

Sun, 05/11/2014 - 19:48 | 4749234 bigkahuna
bigkahuna's picture

lol - they will just follow you around for life garnishing whatever wage they can...unless you want to join that fatherland defense force that is just well equipped and just as powerful as the DoD.......

Sun, 05/11/2014 - 18:45 | 4749084 ZH Snob
ZH Snob's picture

bartering, black markets and off-the-books are looking more attractive every day.

what they don't know won't hurt them, and what they do know will hurt us.

Sun, 05/11/2014 - 19:03 | 4749121 BigJim
BigJim's picture

Yup... and gold/silver, out of the system, natch.

I see our 'friends' at the bullion banks have organised another sale for us! Down $10 on opening! Pile in, lads!

Sun, 05/11/2014 - 19:18 | 4749158 JamesBond
JamesBond's picture

this was becoming epidemic in Germany while I was working there.  expect tax revenues in Germany to fall this year and in coming years...

Sun, 05/11/2014 - 19:04 | 4749119 PacOps
PacOps's picture

0b1knob:

Hasn't the IRS had that power for decades?

Along with the CA FTB.

Back in the 80s - cleaned out my accounts - 100%. It took a physical trip to the credit union to find out who, what, etc. Called the FTB local office - had to make an appointment to come in and present a copy of my latest return. Some days later I presented my return to them. They "updated" their data base, said they were sorry for the inconvience they caused and my account was refunded several days later. They shut my life down for about 10 days - 2 weeks. Overdraft fees were on me.

Sun, 05/11/2014 - 21:15 | 4749484 willwork4food
willwork4food's picture

I had a Scottrade account I was trading sometimes on margin. Relatively small amounts of trades definitely less than 10k at the most..lost money. I was not aware you had to fill out a special IRS margin tax for EVEN if you lose money on your trades, which I did. They hit me up for a $865k-yes you read that right. eight hundred and sixty five THOUSAND $ tax due which is fucking laughable siince the fuckers knew I had never made that much money in my life. Assoles locked my accounts, checks bounced and fucked my life up for a good week until I got a tax attorney to make it go away. They repaid me 1K in back credits which went to the lawyer plus what came out of our pockets....

Sun, 05/11/2014 - 18:05 | 4748979 cossack55
cossack55's picture

I think the medical term for crazy as applies to politicians and "leaders" is "psychopath" or perhaps "sociopath" or both.

Sun, 05/11/2014 - 18:07 | 4748985 PHantomofthemarkets
PHantomofthemarkets's picture

This is a EU thing. It is already in use in several EU countries and the other ones are implementing it.

To catch the bad guys I assume...

Sun, 05/11/2014 - 18:10 | 4748991 QQQBall
QQQBall's picture

Poductive Citizens = Bad Guys?

Sun, 05/11/2014 - 18:24 | 4749029 Goldilocks
Goldilocks's picture

mark to mark-et

Sun, 05/11/2014 - 18:47 | 4749087 spine001
spine001's picture

Everybody evades in Europe. How do think that in some London addresses you can find several thousand corporations registered.  What do you think the reason you have 72 billionairez loving there versus 42 in Ney York? Also dont forget Luxemburgh, Lichtenstein Monaco,  and the BVI, to just name a few, since there are many more.

Sun, 05/11/2014 - 18:07 | 4748986 Blackfox
Blackfox's picture

FUCK YOU CAMORON

Sun, 05/11/2014 - 18:10 | 4748992 Cognitive Dissonance
Cognitive Dissonance's picture

It really ain't different this time. The toys and techniques vary, but the results remain the same.

Eventual Collapse!

Sun, 05/11/2014 - 18:43 | 4749072 NoDebt
NoDebt's picture

I agree.  They're totally screwed.  Everyone is going to move their money someplace safe in advance of this.  Like maybe Wall St.

What?  Why are you looking at me like that?

Sun, 05/11/2014 - 20:04 | 4749306 optimator
optimator's picture

They absolutly WANT you to move your money to Wall Street.

Mon, 05/12/2014 - 00:15 | 4749843 JLee2027
JLee2027's picture

I think I understand now. 2014/5/6/7 All electronic money will be basically, seized or effectively destroyed when the banks fail en mass in the final grand collapse. Rioters, led by the EBT crowd, will quickly remove the government and be impossible to control in the short term. There will be people dragged from government buildings and executed on the spot, and the buildings burned down. I had a vison about that once. There may be, heaven forbid, food shortages. In any event, there will be little left standing in terms of money.

Unless you (old mantra but true) have possession of physical gold/silver.

 

Could happen. But that would be one nasty ass future. 

Sun, 05/11/2014 - 23:40 | 4749797 Bindar Dundat
Bindar Dundat's picture

Us or them Cog?

Sun, 05/11/2014 - 18:10 | 4748993 DogOfSinope
DogOfSinope's picture

And? Why would one hope that people that just last evening voted bearded transvestite a winer of the Eurovision Song Contest would do anything about this?

Sun, 05/11/2014 - 18:11 | 4748994 I am Jobe
I am Jobe's picture

Brits are feeling poor just like the Amerikans except Brits have been humiliated and now it will be Amerikas turn.

Sun, 05/11/2014 - 19:32 | 4749188 Robinhood
Robinhood's picture

Respectfully Jobe, Bull fucking shit, because many of us have many guns and lots of ammo and I'm sure my fellow patriot bothers are willing to fight for freedom, to protect their families and their hard earned assets. MOLON LABE mother fuckers.

Sun, 05/11/2014 - 21:55 | 4749002 Goldilocks
Goldilocks's picture

Why Can't We Be Friends- War LYRICS
http://www.youtube.com/watch?v=XRGd0gD0QNE (3:49)

Sun, 05/11/2014 - 18:17 | 4749010 goldhedge
goldhedge's picture

Fuck Cameron and fuck the EU

Sun, 05/11/2014 - 18:18 | 4749012 Winston Churchill
Winston Churchill's picture

Just hope anyone dumb enough to still have a 401k is
watching, what desperate Govt.'s do, when its a choice of their survival, or their citizens.The UK already has private pensions locked up ,to be stolen at HMG's leisure.
Dog forbid that Govt. should trim the pork.

Sun, 05/11/2014 - 18:26 | 4749031 Son of Loki
Son of Loki's picture

Congress has been salivating over peeples 401(k)s for along time....as they get moar desperate for your money, peeples need to be alert to a Gubmint MFGlobal move on your pensions...no doubts there.

Sun, 05/11/2014 - 18:37 | 4749057 Winston Churchill
Winston Churchill's picture

Alert !
You need to be proactive , you will not get enough warning
too cash out.Do it now, take the tax charge.Something is better than nothing.

Sun, 05/11/2014 - 20:55 | 4749440 quasimodo
quasimodo's picture

Yes, been wanting to do this for a few years now. I made the mistake of telling the Mrs. three years ago this would happen at some point. The other week I brought it up again and she said "you said the same thing three years ago and here we are".......to top it off she wants me to start putting money into mine again. 

Anyone else find themselves in a similiar spot?

 

 

Sun, 05/11/2014 - 21:32 | 4749546 Greater Fool Theory
Greater Fool Theory's picture

I did it.  Pulled every dime out of every IRA, ROTH, 401k we had, paid the taxes and sent what was left overseas.  Churchill is right.  We're not going to get any warning.  

My prediction: the next correction, the gov will make a law to um "protect" our retirement arrangements by mandating a certain portion to be "invested" in secure USTs.  For our own good of course.

If 20% of that $17T is allocated to treasuries, the great government party continues for awhile longer.  Not so hard to imagine that.  It will even be wrapped in some pretty sounding bill name, like the "Protect American's Retirement Savings Bill" or somesuch. 

It will be a smallish number to start.  Kind of like Federal income tax which was never to be more than a few measley percentage points on only those with significant means.  How is that working out?

Mon, 05/12/2014 - 02:50 | 4750027 Oliver Jones
Oliver Jones's picture

I take exception to that. (Churchill.)

For those of us who haven't been fast asleep for the last 5 years, the warnings have been coming thick and fast!

Mon, 05/12/2014 - 04:24 | 4750077 Serenity Now
Serenity Now's picture

quasimodo,

It's not just about the short term threat of what the government might do.  The whole idea about having these retirement accounts is that you get to save pre-tax money and then pay the tax when you retire and take the money out.  So that's only a good idea if you will be in a lower tax bracket when you retire.  I realized several years ago that my husband and I will most likely be in a much higher tax bracket when we retire.  

You also need to think about which direction the country is headed....more or less taxes on people?  We don't seem (to me) to be headed in the less taxes direction.  So my husband and I closed the IRA, paid the taxes, took the penalty hit, and never looked back.  We decided to pay the taxes now while we are young and face the devil we know rather than wait to dance with the devil we don't know when we are older.  

Anyway, that's just my two cents about what made sense for us.  Good luck.

Sun, 05/11/2014 - 18:20 | 4749015 Money Squid
Money Squid's picture

the world is very simple: if you can take it and keep it, it is yours

Sun, 05/11/2014 - 18:33 | 4749047 Goldilocks
Goldilocks's picture

The Chronicles of Riddick - You Keep What You Kill.
http://www.youtube.com/watch?v=SR4lM38fnxE (3:28)

Sun, 05/11/2014 - 19:07 | 4749127 lotsoffun
lotsoffun's picture

new york street junkie logic.  'no mf  - you don't understand.  i just stole it. it's mine now'.

 

Sun, 05/11/2014 - 18:21 | 4749018 Smegley Wanxalot
Smegley Wanxalot's picture

California's been doing this for decades.  Fucking Scrotumento assholes running that totalitarian hellhole need to be nuked, as with tyrants everywhere.

Sun, 05/11/2014 - 18:32 | 4749040 F0ster
F0ster's picture

Exactly, California and Fed took $3k out of my account last year in error! I went to my bank and saw this odd transaction and it turned out to be a total theft by the government. After I called the IRS and complained the money went back in that hour.

Sun, 05/11/2014 - 19:03 | 4749123 FreedomGuy
FreedomGuy's picture

I just finished defending myself for the third time in about six months from the IRS. Each time they have been wrong. When do I collect for damages, wasted time and accountant fees?

It is a one-way street. They make an error and it's just "Oops!" and you do not even get a simple apology. You make an error and it's threats, garnishments, fines, and interest.

You cannot do this in the private sector without consequence. For government, it's all in a day's work.

Sun, 05/11/2014 - 18:22 | 4749023 Blood Spattered...
Blood Spattered Banner's picture

The only consolation prize we'll get is watching the gubbermint & the 1% cannibalize each other after they're done with us. 

Sun, 05/11/2014 - 18:29 | 4749034 q99x2
q99x2's picture

Head for the hills.Homosexuals are kissing on the front page of Drudge and transexuals are being enlisted into the military. Watch your ass. The perverts have landed.

Sun, 05/11/2014 - 18:47 | 4749089 hangemhigh77
hangemhigh77's picture

And the "First Lady" is a man blowing Oboner in Lincoln's bedroom.

Sun, 05/11/2014 - 19:06 | 4749124 Andy Lewis
Andy Lewis's picture

So THAT's why his face is so red!  Oh wait, wrong Boehner...

Mon, 05/12/2014 - 07:05 | 4750178 the tower
the tower's picture

Will there be straights in those hills? Cause they seem to do a lot of child molesting and wife beating.

Sun, 05/11/2014 - 18:30 | 4749035 Al Huxley
Al Huxley's picture

People have options other than keeping their money in the banks, but the fact that most choose to just let the chips fall where they may illustrates that there is still a huge amount of trust that the system is actually not fundamentally broken.  I don't think it's fair to say that the majority will 'get what they deserve', but it IS fair to say that they've had plenty of warning, so I think many will ultimately pay for their misplaced faith in the benevolence of those who own the system and make the rules.

Sun, 05/11/2014 - 22:17 | 4749646 Greenskeeper_Carl
Greenskeeper_Carl's picture

i don't think its fair either. my father doesnt quite comprehend what is likely to happen to him in the next few years. he is a high income person, but not ultra wealthy, and had worked his way up over the last 30 years with a learge company. In most ways, he is the perfect tax serf. Most of his money is earned income, not cap gains, so he gets to pay lots in extortion to the gov, plus a hefty property tax bill. which, he cant quite understand that despite the fact that my parents have no mortgage, they dont own jack shit, since if they don't pay their monthly vig to the govt, people with guns will come drag them out of their house, auction it off to get their cut, and kill them if they resist. but he cant quite wrap his mind around the idea that his money inb the bank merely makes him an 'unsecured creditor', and last in line to get his money back.

Sun, 05/11/2014 - 18:32 | 4749041 ZeroFreedom
ZeroFreedom's picture

Please pass the nail gun.

Sun, 05/11/2014 - 18:39 | 4749061 new guy
new guy's picture

All politicians should be forced to demonstrate a working knowledge of "The Law of Diminishing Returns" before being allowed to run for office. We need to be able to tell the difference between thieves and well intentioned morons.

Sun, 05/11/2014 - 18:46 | 4749086 hangemhigh77
hangemhigh77's picture

How about this.......You can run for office but the people will cull the herd.  Whoever loses gets executed because we don't want losers.  That might make these crooks think twice and we'd get rid of the government one way or the other.

Mon, 05/12/2014 - 04:50 | 4750088 Wahooo
Wahooo's picture

Better to execute the winners. After all, they are the ones who pulled the right levers and accepted the right payoffs.

Sun, 05/11/2014 - 18:41 | 4749064 dojufitz
dojufitz's picture

Errr.....Cameron.....when you tell people ahead of time what your going to do......people will anticipate that and remove their cash from the banking system......i know that sounds kinda crazy but someone with half a brain could work that out.....sure their pay will go in.....but they simply will not 'save' money in a bank......

Sun, 05/11/2014 - 21:59 | 4749615 noless
noless's picture

Consider that it's a shell game? Anything telegraphed in the media was probably vetted and the least painful course of action chosen.

They're looking to out "traitors", everyone really should just play their game, sit quiet, and not make a fuss... It's a two pronged psychological attack that leads to total apathy.

When the mob is angry enough they pick a fall guy/class, all while they're already in the sky box waiting to revel in the carnage..

Sun, 05/11/2014 - 18:42 | 4749071 fukidontknow
fukidontknow's picture

And they laughed when I emptied my account to fund a boating accident!

Sun, 05/11/2014 - 18:43 | 4749073 Atomizer
Atomizer's picture

Bring it on Cameron. Someone has to become the first sacrificial lamp post hanging wanker.

Sun, 05/11/2014 - 19:21 | 4749165 ForTheWorld
ForTheWorld's picture

You mean, there weren't enough crimes by bankers already?

Someone else has to do it though. No one wants the blood on their hands.

Sun, 05/11/2014 - 18:42 | 4749076 hangemhigh77
hangemhigh77's picture

Hopefully this ends with the rich elites heads on sticks.

Sun, 05/11/2014 - 18:44 | 4749082 hangemhigh77
hangemhigh77's picture

His words are good news for physical gold and silver.  What a friggin REEEEEEEEETARD.  Hang him...............please.

Sun, 05/11/2014 - 19:52 | 4749273 disabledvet
disabledvet's picture

"I might not agree with you fine sir but I will fight to the death for your right to say it."

Again...apologies to the world for my awful tongue...but don't call it forked.

"Truth is ugly" and when I read what passes for a newspaper these days I see nothing but hate and psychotics.

"I have roamed the world for a comfortable internet watering hole to call home and all I have found is Zerohedge."

The world is so full of bullshit...it terrifies me to think that the people leading it are as kept in the dark...or just simply lied to...as I am.

What is the methodology by which someone attains truth PERIOD????!!!

And the answer of course is "the only thing uglier than the truth are the means and methods by which it is obtained."

This is not meant as an endorsement of waterbaording btw ("water wording" perhaps?)...something I have personally experienced I might add.

Believe me when I tell you folks this: no one cares if you die.

Death itself on the other hand...

Sun, 05/11/2014 - 18:48 | 4749091 AdvancingTime
AdvancingTime's picture

Government must be trying to prove that the only thing that is safe is what you hold in your hand or can hide. Promises are being broken and contracts rewritten. Never before has mankind diverted such a large percentage of wealth into intangible products or goods.  I contend this is the primary reason that inflation has not become a major economic issue.

The modern economy is loaded with interwoven contracts reeking of contagion. If faith drops in these intangible "promises" and  money suddenly flows into tangible goods seeking a safe haven inflation could soar even as debts go unpaid and promises are left unfilled. This could really shake up the world, more on this subject in the article below.

http://brucewilds.blogspot.com/2014/04/inflation-seed-of-economic-chaos.html

Sun, 05/11/2014 - 18:56 | 4749102 Atomizer
Atomizer's picture

I’ll double dare you..

 

Ministry - Faith Collapsing

 

/winks

Sun, 05/11/2014 - 18:48 | 4749093 Dr.Engineer
Dr.Engineer's picture

Seems like this is good for gold once the first raid happens.  I wonder if that is why they want the cap on the comex?  Problem is that the first raid will show the COMEX emporer has no closthes and physical will go for a premium.  Game over.

Sun, 05/11/2014 - 18:56 | 4749101 ebworthen
ebworthen's picture

They did it in Cyprus, and really, how were the bailouts of Wall Street and QE not robbing the "bank account" of the citizenry, a.k.a. the Treasury?

The moral hazard sign is flashing red; the thievery is a topic of conversation in bars, eateries, pharmacies, and even at the banks.

Sure, they can take the money, but when the belief is gone they will end up with nothing.

Sun, 05/11/2014 - 18:58 | 4749113 NoWayJose
NoWayJose's picture

Agree with the author's premise. The nasty part is that they can go after anyone they THINK owes money. That is a huge warrant-less assumption. The situation can also easily come up where a new law gets passed in the dark of the night (or weekend) and your money is gone before the banks re-open!

Sun, 05/11/2014 - 19:08 | 4749134 FreedomGuy
FreedomGuy's picture

For me, the more subtle point is how government and governors show how they believe they own you. When their is a revenue problem your private property, income and accounts are subject to seizure. There is not even a question that apart from criminal proceedings your accounts are sacred.

If the individual was supreme the government's first option would be to cut expenses and pare services.

Face it, even in the "free" countries we are actually property of the State, even with elected rulers.

The one and only thing I admire about communists is that they are actually honest when they assert that the State owns you and all property.

Sun, 05/11/2014 - 19:14 | 4749148 tony bonn
tony bonn's picture

"...Those at the helm of the world need no elite-conspiracy. They are too stupid to have long-term plans beyond 30 days..."

wrong, asswipe. there are elite conspiracies - but some people are bottom feeders and compartmentalized. stupidity is an act for plausible deniability. the plan has always been to confiscate property you stupid fucking moron! the end game is feudalism.

Sun, 05/11/2014 - 19:28 | 4749178 DarthVaderMentor
DarthVaderMentor's picture

That'll clear out the "nouveau Russian and East European billionaires" out of London.....

Sun, 05/11/2014 - 19:31 | 4749187 smoothie
smoothie's picture

Hang on, did I not JUST SAY THAT SHIT! When did he release this!

Sun, 05/11/2014 - 19:32 | 4749191 10mm
10mm's picture

Keep in mind that  tribe across thee Atlantic calmly submitted there gun rights. 

Sun, 05/11/2014 - 19:35 | 4749196 10mm
10mm's picture

Just listen to your local radio station to see how were fucked.

Sun, 05/11/2014 - 19:36 | 4749200 Tulpa
Tulpa's picture

In other news, UKIP is creaming its collective pants over Cameron's statements on this and the FTT.

I think some people here are underestimating how difficult it is to stay entirely out of the banking system.  The alternatives involve some cost either in liquidity or the risk of theft or devaluation.

Sun, 05/11/2014 - 19:47 | 4749247 smoothie
smoothie's picture

Hang on, did I not JUST SAY THAT SHIT!

Sun, 05/11/2014 - 20:20 | 4749277 Radical Marijuana
Radical Marijuana's picture

This quote raises interesting questions about how things work:

"Those at the helm of the world need no elite-conspiracy. They are too stupid to have long-term plans beyond 30 days."

My view is that there is an inherent contradiction in the way that things really work, which is that events are actually controlled by the covert application of the methods of organized crime. The public politicians are puppets, performing for muppets. Successful careers for those kinds of politicians depend upon being professional liars, and immaculate hypocrites. They are successful to the degree that they are cynical about manipulation, i.e., they appear to be classic psychopathic sociopaths.

That raises questions about the shorter-term eventually transitioning into the longer term. The nature of the way that plays through was recently summarized in an article, that the vast majority of Zero Hedge readers appeared to basically agree with, and which applies similarly throughout most of the world, as dominated by the Anglo-American (Zionist) Bankster Empire:

http://www.zerohedge.com/news/2014-05-11/paul-craig-roberts-warns-us-eco...

Paul Craig Roberts Warns "The US Economy Is A House Of Cards"

 

HOW DOES ANY ECONOMY END UP

BECOMING A "HOUSE OF CARDS?"

The basic mechanism is the persistent application of the methods of organized crime, in order to dominate the political processes, so that there emerge overwhelming integrated systems of legalized lies, backed by legalized violence, in which the most important component is that the public "money" supply becomes the privatized creation of that "money" out of nothing as debts. After that system gets established, it automatically drives debt slavery towards generating numbers which become debt insanity.

Such a system is the legalized counterfeiting of the public "money" supply by private banks, in ways which are authorized and enforced by the government against everyone, including even the government that agrees to also operate within that system of enforced frauds. Therefore, in the UK for about three Centuries, and in the USA for a Century, as well as throughout almost all other countries, the biggest gangsters, the banksters, have been able to dominate the political processes, in order to create legalized social pyramid systems which are FUNDAMENTALLY BASED ON FRAUDS, WHICH ARE ENFORCED BY GOVERNMENTS.

THAT IS THE REASON WHY THE ECONOMIES OF THOSE COUNTRIES BECAME AN ENORMOUS "HOUSE OF CARDS!" That is the context in which one should return to addressing the bizarre and surreal roles that successful politician puppets, performing for the masses of muppets, appear as being "too stupid!" Their career success depends upon promoting Huge Lies, in ways whereby they never appear to understand that they are Lying!

There is no reasonable doubt that there was an "elite-conspiracy." A political economy in which private banks get to make the public "money" supply out of nothing does not happen by accident! Its real history is the application of the methods of organized crime, such as bribery, intimidation and assassination. After it begins to become successful, then its profits from fraud can be reinvested in more frauds. There continues to be a ratcheting leverage, of profits from frauds being available to dominate the funding of school systems and the mass media, so that the masses of muppets are systematically brainwashed to believe in bullshit, and given fake "educations" which are glaring examples of "LYING BY OMISSION." That degree of success in turning the vast majority of people into Zombie Sheeple, then enables the puppet politicians to perform for those masses of muppets in the ways that they can successfully get away with doing.

Although I regard Martin Armstrong as being relatively brilliant, and even perhaps prescient, in his own way, in the end, I must regard him as yet another reactionary revolutionary, whose analysis is too superficial, and therefore, whose "solutions" are still bullshit. In my view it is RIDICULOUS to assert that: "There is no elite private conspiracy of some dominating group." Such a view is based on a shallow understanding of the history of warfare, the history of finance, and overall, the history of the war on consciousness that the ruling classes have been waging for thousands of years. Our civilization did not end up being controlled by the maximum possible deceits and frauds by some accidental series of mistakes. It was made and maintained to be that way. However, doing that required that the current social systems be developed where puppet politicians perform for the masses of muppets.

I agree that Armstrong is right regarding what those kinds of puppet politicians are personally like. Furthermore, one can, as I have, attempt to talk about the monetary and taxation systems with the masses of muppets, and discover that they too are mirror images to the puppet politicians, in the degree to which they are also incompetently clueless about the really important social facts, while their minds are overflowing with information about relatively trivial things.

The EMPIRE was built on the basis of enforcing frauds. What made and maintained it then becomes what undermines and destroys it, which is the runaway triumph of enforced frauds. The violence that backs up lies never makes those lies become true, although it can temporarily make those lies become socially successful. On larger and larger scales, covering more and more issues, the governments of the UK, and the USA, as well as other historically related countries, became runaway systems based on legalized lies, backed by legalized violence, which suffered from the profound paradox that no amount of violence ever made the lies become true, but only drove the society as a whole to become more psychotic, in the sense of further and further removed from relatively objective realities, due to the social success of lying, and especially through the success of enforced financial frauds, as the foundation of the political economy, which necessarily turns that economy into a "House of Cards," which was able to be built on a very large scale.

The politicians that Armstrong is referring to have successful careers based on developing their skills to be professional liars and immaculate hypocrites, whose tasks are to perform before the masses of muppets, who are already victims of mind control, for generation after generation, which has made most of them incapable of critical thinking. More importantly, I REPEAT, the degree to which civilization is controlled by legalized lies, backed by legalized violence, promoted by professional liars and immaculate hypocrites, to masses of muppets, who are able to be fooled enough, enough of the time, GOES ON, AND ON, THROUGH DEEPER AND DEEPER LEVELS, WHERE THE LIES ARE DIFFERENT AT EVERY LEVEL.

The deeper radical truths are that there are chronic political problems which are inherent to the nature of life, and so, have to be perpetually resolved somehow. Human history has selected through the history of successful warfare based on deceits, and then successful finance based on frauds, to end up with the civilization that we have now, which is based on the maximum possible deceits and frauds, operating through combined money/murder systems, whereby the debt controls are backed up by death controls, in ways which the vast majority of people do not know about, and have been conditioned to not want to know about.

These days, I tend to agree that the ruling classes, who originally made and maintained the established systems, have lost control, because they too no longer comprehend how those systems have developed to become so extremely hyper-complex, as globalized electronic frauds, backed by the threat of the force of atomic bombs. To that degree, I would endorse Armstrong's view of how, in fact: "These people are simply beyond control."

My opinion is that enough people would have to go through enough of an intellectual scientific revolution to be able to understand how and why human beings and human civilizations operate as general energy systems, for it to then PERHAPS be possible to better resolve our runaway political problems, which are always chronic, and which are currently intensifying trillions of times more than ever before in known human history. The difficulty with doing that is that one then understands how and why human civilization operates according to the methods of organized crime, in the sense of how both the military and monetary systems actually operated. That difficult is profoundly paradoxical, in ways which can not be avoided.

In my opinion, Armstrong, like so many others, has failed to face the social facts regarding the degree to which governments are the biggest form of organized crime, controlled by the best organized gangs of criminals. Therefore, his analysis is too superficial, and therefore, any "solutions" he proposes are going to similarly be too superficial. A deeper analysis goes through a radical critique of our current understanding of general energy systems, in order to be able to apply that to politics, and especially to understanding the monetary and military systems.

The basic Anglo-American Empire of ENFORCED FRAUDS is manifesting the paradox of final failure from too much success. Both the deeper understanding of that, as well as any better resolutions of that situation, depend upon enough people comprehending enough of a paradigm shift in the ways that they think about politics, so that they can perceive the realities that human civilizations do, and necessarily must, operate according to the principles and methods of organized crime, because that is the way that general energy systems actually operate through human beings.

In my opinion, guys like Armstrong have not come remotely close to going through enough of the different levels of lies and related paradoxes, in order to better understand these political problems, and therefore, he does not come remotely close to proposing better solutions ... Albeit, I am currently unaware of any others who are presenting such a view to any publicly significant degree, since it is ironically appropriate that BOTH the ruling classes, AND those they rule over, would not like what I am asserting enough to create much of a positive feedback of approval to promote such a view. After all, what I am asserting is an attitude that BOTH the establishment, AND their controlled opposition groups, dislike.

Sun, 05/11/2014 - 20:04 | 4749305 eXMachina
eXMachina's picture

There is no elite private conspiracy of some dominating group.

 

You're either blind or purposefully spreading disinformation. This "group's" movements are now so ridiculously transparent the only thing that is debatable is what their end game is and how it will unfold for us normal people. 

Sun, 05/11/2014 - 20:38 | 4749397 paul.bismuth
paul.bismuth's picture

Oh, don't forget Cameron's government latest fantastic idea - implementing a retrospective, "pay up first and argue later" principle for any sums the UK taxman decides you "owe" - without the slightest possibility of appeal!!

In other words: the Revenue will be Judge, Jury, and Executioner! and that's due to become law this July!

Check out www.dotas-scandal.org! 

Combine that with the right to help themselves to your bank account directly, and the picture of what they have in mind becomes crystal clear...

Sun, 05/11/2014 - 20:43 | 4749410 Jack Burton
Jack Burton's picture

Britain has been on the road to a total police state for some many years now. No matter which party sits in majority in Parliament, no matter who the puppet Prime Minister is. Nope, the game is over, a bizzare mixture of Corporate Crony Banker Capitalism, is mixed with an Open Borders Multi-Cultural Muslim social communism and a full on police state run by an out of control army of security experts and police thugs. You can't blame British for their confusion and apathy. No sane person can grasp what the powerful elites are trying to do to Britain, or with Britain. All that anyone can know is that the Banker and speculator classes of the City of London have full control of economic policy and a sect of social experimenters, with power over bordes, education and social services, are engaged in a war on white British people and any traditional English and Cletic culture left on those islands. While a highly paid, and useless, class of police, spies, secret police and war mongering neo-cons take firm control over everyone's data, personal life, thoughts and deeds. The entire structure is in chaos with powerful elements all engaged in national suicide in order to meet these elite's insane ideas of economics, culture and social order.

Britain is only decades away from being a mix of Hong Kong, Buenos Aires, Cairo and Mombasa on the Thames. I call it self inflicted national suicide, all carried out for the profits of the 1% and the social goals of British Communists. A truely bizzare mix. But hey, go visit there yourself, you will not get out of London before you see what I am driving at.

Sun, 05/11/2014 - 21:07 | 4749462 gdpetti
gdpetti's picture

I agree this is a puppet show, as we are in Purgatory, but these psycho puppets do have a 'dark' shepherd, but whether or not most of them are made aware of it, is in doubt. Personally, why would you inform the puppet of his strings? Just replace an unworthy puppet. Simple. IMO, this is just end-game scare tactics, but they are the means to the NWO ends of a GPS- global police state... only most of them will not be needed, as a population reduction is planned as well... depending upon the damage Mother Nature visits upon us first. They are psychos and want everything and everyone they can get control of.... thus Ukraine... Russia slipped from their grasp under Putin, thus he is an enemy of the evil empire and all its crony states. This policy is the same control or create complete chaos policy we've followed around the world as this NWO has been setup over the last century or so... one step at a time.... trying to scare everyone to send that Star Trek message that empires love to express: 'Resistance is futile'. Sound familiar?  See the pattern?

One does have to keep an eye on these puppets, but remember that the real 'Wizard' here in Oz is always hiding behind that curtain... but soon they will have to come out and play... in the open and since they operate in fear, they fear everyone out there... especially any sheep close to the fence... those are the types that 'get ideas' and slip from their grasp... and make them afraid... thus paranoia can set in if they aren't stable, but not to worry, these psycho puppets are mostly human predators and go after the easy prey long before they even consider the difficult ones... and even then, not until every other option is gone and hunger and desperation sets in... which it will, and soon, thus the need to feel safe by tightening their grip on the herd.

... they are running out of time... as the signs show... the solar activity decreases... the volcanoes increase... ice age is due, regular cometary activity of a major sort is due... as are so many others... not something they teach in school, but then they can't teach what they never learned... thus the 'dumbing down' process to maintain control of the herd... and their own sense of self, which being psychopaths is always seemingly so secure while always completely at risk of being found out for what they are.... and sacrified as they always are when the blame game begins... history repeats its lessons until learned.... one cycle after the next.

Sun, 05/11/2014 - 21:29 | 4749535 honestann
honestann's picture

Why should people keep money in a bank in the UK after Cameron makes such a statement?

You watch!  The vast majority of people will leave their money in the corrupt banks until the predators-DBA-government and their fellow predators-DBA-banks take the money.

If you want to bet otherwise, I'll take that bet.

Humans are bred to be dumber than rocks.

And most of them are.

Sun, 05/11/2014 - 21:31 | 4749541 Wahooo
Wahooo's picture

Spend your money on bullets now, because time is coming when you'll want more bullets but have no money.

Mon, 05/12/2014 - 00:11 | 4749842 Dull Care
Dull Care's picture

Pretty amazing that they can ethically claim the right to money that has already been taxed. Yet these same assholes will talk about freedom to justify foreign adventures. The dissonance is strong.

 

Why do people put up with government?

Mon, 05/12/2014 - 01:16 | 4749919 RichardParker
RichardParker's picture

Seems TPTB have a rather "dark" sense of humor:

http://www.feedthepig.org/

People should manage their money better so there will be more to confiscate?

Mon, 05/12/2014 - 04:24 | 4750076 CHX
CHX's picture

"If we like your money, we get to keep your money."

Mon, 05/12/2014 - 05:33 | 4750110 smoothie
smoothie's picture

Jesus man! I might actually need that tactical entrenchment tool!

Just a curve ball guys, and I don't know if you guys might have any sway.

If Scotland was to vote yes, because the robots suddenly saw the light, somehow.

Then this would  be a major setback for this bad shit in the UK, there would then be a  .gov in scotland, that actually cares, ahem, probably the only one in Europe! The oil would be in safer hands the sub's would have to relocate, and the number of poor bastards that these nutters are gonna fuck would be reduced. We would be starting with almost no debt, a new currency, it would be a clean slate for a new, UNWRITTEN democracy!

With all the crap in the news, and the fear factor ratcheted up to brown for everyone, the yes campaign has been totally shut down in the UK by the media (.gov BBC) I have not seem anything about it for weeks in the media over here its like a non issue now, the election is gonna happen just shortly now!

The time to act to make this happen is actually right now!

It might be the only chance for hundreds of years to upset the apple cart in the UK!

If the Scots voted yes, do you understand what it could do for your values guys!

Mon, 05/12/2014 - 06:07 | 4750137 No Euros please...
No Euros please we&#039;re British's picture

Don't hold your breath for Scottish independence. First act Salmond will undertake is to join the EU. Out of the frying pan into the fire?

Mon, 05/12/2014 - 08:11 | 4750267 smoothie
smoothie's picture

You are thinking too small. Forget the euro and the pound that is all just subterfuge to detract from the real deal.

Which is the removal of the current aristocracy, the banker have already burned their bridges most of them would have no power in Scotland. You'd be removing "them" from power.

Even if we did join the euro. Do you honestly think the euro would start passing laws like confiscation of wealth. They aren't strong enough to do that. The only reason Cameron can do it is because he has total control. The euro canny even agree on the shape they want their bananas to be for god sake.

It would be a serious blow for the banks. They would have to come cap in hand. On our terms to ask us nicely if they can please "have some more" and we would be in a position to say no, or to stack the deck in favour of the people. 

London would suddenly be several million people short on its qe agenda. Which they are using to suppress people all over the world.

Do you not understand the implications of this. Here is an opportunity to overthrow a tyrannical regime without firing a shot!

Sure you'd be putting someone else in. but starting from scratch. People even like me who have no chance under the current regime would potentially have power in a yes world. You'd be dealing with people who actually know what it is like to suffer. And they might actualy try to the right thing.

Them down in London are starving the world and murdering people for dividends!

Mon, 05/12/2014 - 05:46 | 4750114 smoothie
smoothie's picture

There is a few uncontrolled mass media outlets that have gone on free view over here, some people actually watch them, now I know that R.T. and AlJa might not be natural allies, but we have a large socialist and muslim population over here, and they watch it, ahem, religiously. And we have the catholic church that helps to direct its flocks vts in Scotland, its kind of a big secret, but its true! We also have a strong IRISH connection on both sides of that particular divide, all this stuff also has strong connections in america!

If any of you guys can try to do something to help us over here, now is the time!

Mon, 05/12/2014 - 08:15 | 4750281 smacker
smacker's picture

One should not assume that those who watch RT in the UK are socialists.

RT has become virtually the only TV news channel which doesn't spew out non-stop Western government propaganda and lies. The BBC has always been accused of being "State TV" and although Sky News used to be more impartial when it started up, it too has become yet another government propaganda channel, in some ways even worse than the BBC. Add to that its endless coverage of celebrity gossip/womens issues/health fads and other assorted garbage and it becomes unwatchable.

MSM in Britain has become as bad as the United States: The Daily Slime.

That is why I watch RT.com when I'm in the UK, not because I'm a socialist. Far from it.

Mon, 05/12/2014 - 08:38 | 4750324 smoothie
smoothie's picture

Agree. Totally.

Mon, 05/12/2014 - 05:54 | 4750129 smoothie
smoothie's picture

Scotland is a beautiful place, full of beautiful people, who care collectively for each other. We have been oppressed for hundreds of years. Did I mention that we design all the NEW shit!

Mon, 05/12/2014 - 08:03 | 4750250 smacker
smacker's picture

As I remember, this obscene power was given to the UK Inland Revenue (HMR&C) in the March budget by Chancellor George Osborne.

It's just the latest in a long series of laws/regulations in the UK covering all areas of government which are introduced in the small print behind smoke and mirrors to give the Almighty State extraordinary powers. One law passed a few years ago gave government the power to confiscate a person's wealth IF it was suspected to be "proceeds of crime". No proof required by the State, just a suspicion. The person was then faced with having to prove where his wealth came from or lose it forever. Not always an easy task.

Whilst such authoritarian policies were the norm and to be expected from the last Labour Party govt under the criminals Blair and Brown, this obscene Inland Revenue power is a clear demonstration that Cameron himself and his lying Chancellor Osborne are nowhere near the traditional Conservative political position of respecting the Rule of Law. They are just two more big-government socialists. This is despite Cameron having gone to Eton and Oxford and having a father who was a Stockbroker.

Mon, 05/12/2014 - 08:43 | 4750339 smoothie
smoothie's picture

Its been the same as ever. It might as well be the wizard of oz. Which actually contains a message. Follow the road to salvation. Never mind the man behind the curtain at the other end...

Mon, 05/12/2014 - 14:47 | 4751667 MeelionDollerBogus
MeelionDollerBogus's picture

The people don't need bank accounts, let them save in cake!

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