We have been warning for years that as bankrupt Western countries came closer to being completely insolvent that they would begin instituting capital controls, doing bank bail-ins, taxing cash and outright just stealing cash.
All of these things have come to pass now in one form or another. Here are four examples of the countless that we could choose from.
THE USA – LAND OF THE FREE
The first is a heartbreaking story of spent a man who spent more than a decade running L&M Convenience Mart, a gas station, restaurant, and convenience store in rural Fairmont, North Carolina. Then, one year ago, without any warning, agents from the IRS seized his entire bank account, which was his entire life savings, totaling more than $107,000.
The reason? They said he had been depositing money in small amounts (as a convenience store just might do) under the amount that would trigger a reporting requirement for the last decade.
That’s all they needed. No charges, no arrest. They just deemed that he had been depositing small amounts of money into the bank for years and that was reason enough to impoverish him. What is a “big amount”, by the way? It is anything over $2,000. The Bank Secrecy Act (BS), which, like all cute regulatory names, requires banks to do the exact opposite of “secrecy” and to betray their customers’ financial secrets to the US government, mandates that anything over $2,000 is “suspicious” and must be reported.
And if you deposit anything under $2,000 regularly? That is suspicious too, as that man found out.
The US government has stolen billions from Americans in just this way.
FRANCE – LAND OF THE COMMIE
France instituted some staggering capital controls.
- The limit on cash payments have been reduced from 3,000 euros to 1,000 euros.
- Tourists can pay no more than 10,000 euros in cash. Heretofore it had been 5,000 euros.
- If a Frenchman wants to change money into another currency, they can only change 1,000 euros without presenting ID, whereas before it was 8,000.
- If a bank customer takes out more than 10,000 euros in a month from his account, the bank must report the transaction to the Money Laundering Authority TRACFIN.
- Banks must report all cargo transfers in the EU exceeding 10,000 euros. This regulation checks, pre-paid cards and even gold are affected.
- The control of crypto-currencies like Bitcoin will be drastically tightened.
AUSTRALIA – TAXING YOUR MONEY
Australia decided just to jump right into the deep end of the pool and tax all money in bank accounts! According to the 2015 Australian budget Australians must pay taxes on their savings. This will be quickly brought to Europe and North America if it does not meet resistance in Australia.
GREECE – ON A TAXING SPREE
Greece, on the verge of a complete collapse for about the tenth time in the last seven years, thought they’d try a different approach from the rest.
They are trying to institute a tax when you take money out of an ATM. While they need the tax revenue, they mostly also don’t want people taking money out of the bank at all.
Read more at http://www.maxkeiser.com/2015/05/the-war-on-cash-governments-grabbing-or-taxing-cash-at-will-now/#SHJ3ryHKGfH2fp0Y.99
I’m so glad I live in ameri…… Oh wait!
Taxing money that’s yours and that was deposited in the bank. Wait until you see your direct deposits get taxed. It’s bad enough that you get taxed by the government for your paycheck. Soon you will get taxed for just depositing it in your account (which most places require you to do so, if you want to get paid), thus draining more of your money.
When will all of this treason end, people? It’s high time everyone stands together and fights back!
It could be that James Rawles has it right. When the collapse comes there may be half the police and military that show up to bust heads, but the rest will go home to try and protect and save their families from the cities burning to the ground by the YOUBANGEE tribe. Then the remaining will either get scragged or run home. Then there will be looter gangs rampaging america like something out of “Road Warrior”. Then the UN will come in with foreign and American government armies to bust the heads of the 100,000,000 Americans that survived the cataclysm. Then the real big fat stinking civil war will start. First with gorilla attacks, and then in concert with unconventional forces like Militia. The taxation is only the beginning though is my guess. Lenin spoke of grinding up the middle class that was emerging in Russia at the time, between the millstones of taxation and inflation. Is that not what they are doing to us all?