Post
Topic
Board Economics
Re: My bank account's got robbed by European Commission. Over 700k is lost.
by
STT
on 12/06/2016, 13:22:58 UTC
It seems like this is going to be a decade of financial theft.

Oklahoma just passed a law that police can seize funds if the "suspect" it was obtained illegally. They have card readers and everything.

Not sure this is new, any amount of cash notes or coins near 10,000 can be seized without trial and held indefinitely.   A few business which deal with cash have been taken over this way just because they might be a drug operation due to the cash, as the money taken is their float not profits but required to buy stock then it can mean employees just lose their jobs as police think the worst.


This is a logical end game to centralised money, Federal banking or in Europe the ECB.    The definition of capitalism is worth held by the people and with the producers, ie. normal business operated by private people.     When each note is tied to politics with nothing fixed in demand it can just be altered to suit the 'needs of the many'   Overnight that worth that was in the notes is switched to keep a bank alive somewhere and the people pay for what politics thinks is correct


Quote
stop cryin, that's just TAX EVASION catching up to you.

Some people will even agree all money belongs to government, people just lend it.   When they talk of QE I see thats how it'll end up, the books will be balanced by deducting a certain interest payment chargeable to every holder of dollars.  I dont think they can repay all government debt without the attitude of making all of the population pay for it via Taxes; not income that year just every penny you ever earnt is reduced