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Never Happen Here, Right?
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  (#1)
otb
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Never Happen Here, Right? - March 18, 2013, 11:19 AM

Cyprus bailout crisis shakes markets | Business | guardian.co.uk


Oh, really? Your government has been eying your money for years....all those trillions sitting around doing NOTHING....just THINK what your benign, thoughtful leaders could do with all that WASTED cash.....why the thought makes them GIDDY just thinking about it......besides, we KNOW they'll do a MUCH better job of managing your money than YOU could......I mean, look at what a GREAT job they've done so far.



Senate Hearing: Seizure of 401k Accounts May Be Reality Soon

Treasury Dept and Labor Unions Look To Fundamentally Alter How Americans Plan and Save For Retirement | Market Daily News

Will the US Government Seize Your 401k or IRA? | Cash Money Life


Riding fast bikes slowly since 1969....
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  (#2)
SRWJTS SGT-At-Arms
 
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March 18, 2013, 11:26 AM

There are already recordings of conversations government officials have had, Talking about the possibility of raiding peoples 401(k)s And savings

It will eventually happen here


-Fitz

2016 Harley Softail Slim S
2012 Harley Ultra Limited in Ultra Annoying Orange Sold!
2012 V-Strom 1000 Sold!
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Brace Yourselves... the cries of "It's too cold to ride" are coming...
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  (#3)
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March 18, 2013, 11:41 AM


When they kick at your front door
How you gonna come?
With your hands on your head
Or on the trigger of your gun

When the law break in
How you gonna go?
Shot down on the pavement
Or waiting on death row

You can crush us
You can bruise us
But you'll have to answer to
Oh, the guns of Brixton

The money feels good
And your life you like it well
But surely your time will come
As in heaven, as in hell

You see, he feels like Ivan
Born under the Brixton sun
His game is called survivin'
At the end of the harder they come

You know it means no mercy
They caught him with a gun
No need for the Black Maria
Goodbye to the Brixton sun

You can crush us
You can bruise us
Yes, even shoot us
But oh-the guns of Brixton

When they kick at your front door
How you gonna come?
With your hands on your head
Or on the trigger of your gun

You can crush us
You can bruise us
Yes, even shoot us
But oh-the guns of Brixton

Shot down on the pavement
Waiting in death row
His game is called survivin'
As in heaven as in hell

You can crush us
You can bruise us
But you'll have to answer to
Oh, the guns of Brixton


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  (#4)
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March 18, 2013, 12:00 PM

If you're worried about this happening, I've got a secure way to store all of your savings for you. To keep things discreet, just take it out as cash, place it in a large duffle bag and PM me with the dead drop location. Your money is safe with me.
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  (#5)
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March 18, 2013, 12:01 PM

they did this in Greece right?

*edit*

only to the top 2% folks if I remember correctly.


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Alex
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otb
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March 18, 2013, 12:06 PM

Nope.....different rates but got everyone.


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No more 1050 :(
 
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March 18, 2013, 12:49 PM

So wait... are they talking about taxing 401(k) inputs/ earnings, or seizing them?
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March 18, 2013, 12:55 PM

It's not a tax on earnings. It's a tax on your balance. So , essentially "You have this much money. Now give us xxx amount."

calling it a tax doesn't change what it is: a seizure of privately held assets.


-Fitz

2016 Harley Softail Slim S
2012 Harley Ultra Limited in Ultra Annoying Orange Sold!
2012 V-Strom 1000 Sold!
2009 Buell 1125R Sold!
2005 Superhawk Sold!
2001 Superhawk Abandoned!
1981 CB650C Destroyed!

Brace Yourselves... the cries of "It's too cold to ride" are coming...
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March 18, 2013, 12:58 PM

Quote:
Originally Posted by big_sur View Post
If you're worried about this happening, I've got a secure way to store all of your savings for you. To keep things discreet, just take it out as cash, place it in a large duffle bag and PM me with the dead drop location. Your money is safe with me.
seem legit


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  (#10)
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March 18, 2013, 01:02 PM

They tried to play Iceland and it didn't work out for them either so now they are talking about taxing people's bank deposits because they don't have bondholders to fuck like most other countries; however, their citizens don't seem to like the idea. There's been a run on the banks, thus causing some unrest in financial markets.

The EU is angry because they're bailing out another country, Cyprus is angry because they're starting to understand there is a downside to playing in world financial markets and Russia is also not happy because they have a disproportional amount of deposits there. Basically a lot of people are angry because Cypress bankers fucked their financial system by intermingling with Greece and now somebody has to pay for it.

Last edited by big_sur; March 18, 2013 at 01:11 PM..
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Sewing Machine Rider
 
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March 18, 2013, 01:14 PM

Quote:
Originally Posted by Fitz View Post
It's not a tax on earnings. It's a tax on your balance. So , essentially "You have this much money. Now give us xxx amount."

calling it a tax doesn't change what it is: a seizure of privately held assets.
The alternative of course, is to not recapitalize the banks, tell the IMF\EU to fuck off, and have all assets devalued to 0. So sure, it sucks your $10 is going to be worth $9, but it's better than $0.

Also, the downfall of their economy had very little to do with their government and a lot more to do with their banks and the government of Greece.
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No more 1050 :(
 
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March 18, 2013, 01:20 PM

For this to be even talked about is quite disturbing... but not all too surprising. Property tax is already a reality, this is a logical next step. Cash is property as well, so why not tax that too?
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March 18, 2013, 01:22 PM

Quote:
Originally Posted by drz1050 View Post
For this to be even talked about is quite disturbing... but not all too surprising. Property tax is already a reality, this is a logical next step. Cash is property as well, so why not tax that too?
Cash might as well already be taxed. Printed at interest. Traded at interest bond rates. You drop 1 dollar on the ground, you really are dropping 1.25 roughly.
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March 18, 2013, 01:41 PM

I'm sure this is nothing that can't be solved by our President and a bi-partisan committee.


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  (#15)
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March 18, 2013, 01:43 PM

Quote:
Originally Posted by Fitz View Post
It's not a tax on earnings. It's a tax on your balance. So , essentially "You have this much money. Now give us xxx amount."

calling it a tax doesn't change what it is: a seizure of privately held assets.
Pretty much. Would be delusional to think that a government would "never dream of doing that to US!"

Anything goes with Playdoh!
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