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Subject: Please differentiate between assets of the upper middle class and the masses
From: AnonyMint
Date: Mon, June 2, 2014 11:46 pm
To: "Armstrong Economics" <
armstrongeconomics@gmail.com>
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http://armstrongeconomics.com/2014/06/02/getting-off-the-grid-2/A host of emails have come in on this subject from did non-Americans have assets seized by USA after 1934 to can real estate be used to the extreme wont they just confiscate all traceable assets.
If you are going to look at real estate to shelter assets, you should look at Texas and Florida. Typically, assets are seized because a person has been sued, lost the case and a money judgment has been entered or the government has imposed some outrageous fine. This is why O.J. Simpson ran to buy a house in Florida when he was being sued by the Goldman family. Why? They cannot be seized by anything other than the failure to pay a mortgage. If things go real bad, we will see State Rights start to emerge.
Florida and Texas provide the widest coverage of asset protection. In Texas, for example, up to 200 acres of land can be claimed under the state homestead exemption, no matter what its value might be. Additionally, there are very few personal property assets that the typical person owns that can be seized to satisfy a judgment. The easiest way to protect the largest number of assets is to reside in a state where laws offer wide protection. You might want to consider buying in Texas or Florida BEFORE any such event because moving simply to avoid paying a judgment or creditors is usually considered a fraudulent transfer of assets. The court in the state where the judgment was entered will rule the assets still reside in the original state and order their seizure.
There was no confiscation of foreign assets in the USA and as for confiscating ALL traceable assets that is just absurd and paranoid. There would be massive civil unrest if the government ever tried to do such a thing. The entire global infrastructure would collapse. Nations have gone to war because a country defaulted on its debts. Therefore, such an extreme would be impossible absent a communist revolution.
As long as they can target the upper class for confiscation and default on unfunded pensions on the lower class, they will proceed until they hit the wall of resistance. The French Revolution was actually 72 years in the making. It began with the bailout in 1720 of the Mississippi Bubble. France assumed the debts to prevent war for many non-French were investors. The oppression of taxes to pay for the bailout from 1720 set in motion the French Revolution, which began on the 14th of July, 1789 when armed citizens stormed and captured the Bastille prison freeing the oppressed. The 72 year cycle ended with the December 11th, 1792 trial of the King Louis XVI who was then executed on the 21st of January 1793.
Note the plan is to isolate the upper middle class for confiscation because the masses will be dependent of the State for their health care, food stamps, rent, unemployment insurance payments, etc..
Thus advising your wealthy readers to buy real estate to get off the grid is not going to work out. They will clawback all withdrawals from European banks as an intent to avoid the bailins, which were announced publicly long ago. This is a fraudulent transfer.
There won't be any resistance because the masses will be dependent on the State and supporting the "99% against the 1%".
The State rights won't help you when the federal government and G20 asserts that the individual moved funds fraudulently to avoid bailins and taxation.
The MF Global incident was the trial balloon for clawbacks.
At best, their real estate will become illiquid and locked up in ligitation, and probably also tainted as no one will want to buy an asset which has a disputed claim against it by the feds and the G20.
I told this is nothing like the French Revolution nor the Great Depression. This is more like the fall of Rome. This is the death of stored capital and the rise of the Knowledge Age (individual brain as capital) as the new frontier.
You would much better to advise clients to buy precious metals as these are untraceable. They can liquidate these by selling on a decentralized exchange coming for crypto-currencies, with personal meetups.
Only two asset classes will survive for the wealthy:
1. precious metals (and collectables)
2. crypto-currencies
The global elite and some multi-nationals will retain assets because they are protected by being complicit with the DEEPER STATE.
Indeed they are going to create the worst global crisis ever intentionally in order to bring about mass support for a new world order.
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Subject: You recommend Bush's states?
From: AnonyMint
Date: Tue, June 3, 2014 12:07 am
To: "Armstrong Economics" <
armstrongeconomics@gmail.com>
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Bush's state is Texas and his brother was (is?) governor of Florida.
It is clear that the masses will not agree to austerity, thus they are going to be very much in favor of stripping the rich of their assets. As this ratchets downward, the middle class segregate into those who have fallen dependent on the government and those who are now the "rich". For example in France the masses initially supported 75% tax against rich, until they realized this included themselves, next they will face economic implosion and then the mass support for "tax the rich" will rise again. This is the ratcheting process.
Who is going to resist? The boomers are too old and dependent on Medicare, Medicaid, Social Security, etc.. Ditto Europe. The youth are unemployed and so the best way to employ them is to create wars which will come on schedule 2018 or so.
Also I didn't assert that JFK was killed only for his EO 1110 about silver certificates. The Vietnam war and Cuba stances could also have been reasons.