Everyone knows that the United
States has gone bankrupt. As the U.S. government and the Fed poured trillions
of dollars of YOUR money into the banks and markets after the 2008 economic
collapse, this unprecedented level of money-printing is catapulting the U.S.
debt to $28 trillion by 2018. But now, the U.S. government and the Fed are
completely out of ammo. They desperately need money to maintain their own
power, and taxes are no longer enough. So in order to keep the Ponzi scheme
going, the U.S. government has made several highly controversial moves to be in
position to seize control of all your financial accounts. And it’s becoming
clearer by the day, if you want to protect your savings and wealth from
government confiscation, you only have ONE choice.
The Bankrupt State
What happens when America goes
bankrupt? The $17 Trillion question? Let’s be clear, America is already
bankrupt. “Bankrupt” is defined as “any insolvent debtor” – a debtor whose
liabilities exceeds its assets. The U.S. government, by its own admission, is a
bankrupt entity. Not bankrupt “soon,” bankrupt NOW. To the tune of just OVER
$17 trillion. In an attempt to fabricate the illusion of “growth,” the Fed and
their bank-owned politicians poured trillions of dollars of YOUR money into big
banks and the markets in order to prop up stocks, bonds and real estate after
the 2008 economic collapse. The idea was to “fix” the economy by pouring 1,000
gallons of high-octane debt-gas on an already ragging debt-fueled bond fire.
Of course, REAL growth never
materialized. Instead, all that these criminals managed to accomplish with
their money-printing was to blow up new bubbles, widen the income divide, and
dramatically increase the wealth of a select few at the expense of the rest of
us. The tragic result: the USA’s liabilities now exceed its assets by an amount
so astronomical it’s almost incomprehensible. And by its own admission, that
hole will be getting deeper each year until we reach $28 trillion in debt by
2018. Or until the Ponzi scheme blows up.
What Now?
The questions now are, what happens
now that America is already bankrupt? How do broke governments survive as long
as they can? What are they capable of doing when they know their fate is at
hand? How do the Ponzi masters keep the Ponzi scheme going?
The answer to all these questions
may shock you: The U.S. government has made several highly controversial moves
to be in position to seize control of all your financial accounts! They’re
using legislation and authoritarian power in collusion with the modern
financial system to gain access to your private assets in the name of
“protection”, “security” or “national emergency.” But in reality, your savings
& wealth have become a prime target for confiscation.
How can they do this? Well, the
“beauty” of the modern financial system – to a banker or an insolvent
government – is the ease at which they can access your wealth with the stroke
of a computer or a new law or tax. When you combine the digital banking &
financial system with the overreaching legislative power of an insolvent
government, we citizens don’t stand a chance. Unlike English soldiers breaking
into the homes of colonists, today’s government can be far more subversive.
Just take a look at these government regulations & initiatives that are
right now in the process of taking effect:
FATCA: The July 1st FATCA provision requires foreign financial
institutions such as banks, stock brokers, hedge funds, pension funds,
insurance companies, and trusts to report all U.S. citizens’ accounts directly
to the IRS. The government can’t put its paws on your money if it doesn’t know
where it is. The more information a government has on the movement, location
& size of global citizen wealth, the more efficiently and effectively it
can create legislation & systems to control that wealth. FATCA even
requires reporting to the IRS by foreign private companies on any income made
by a citizen of the U.S. whether they live here or not.
MyRA: Just as soon as the Fed started tapering their endless QE
treasury-buying experiments, Obama announced the creation of the MyRA – your
retirement money will now be used to pay for U.S. debt. The MyRA is nothing
more than an investment scam being sold to the American people as a
you-can’t-lose, zero-risk investment by the pitchman-in-chief himself. The
reality is, since the Fed can’t conjure up money from thin air to buy the debt
anymore, and our foreign friends don’t want our debt anymore, Obama needs to
sell it to you.
CARDS: The Financial Industry Regulatory Authority, which
oversees how investments are sold, proposed what it calls CARDS – Comprehensive
Automated Risk Data System – which is an electronic system that will regularly
collect data on balances and transactions in all 4100 brokerages nationwide.
CARDS is disguised as a way to “protect” investors, but the system is clearly
designed to have detailed information on the structure & location of every
citizens’ investments. Since the government needs us to support its debt (because
outside interests no longer do), wouldn’t it be convenient to know and control
the structure or every investment portfolio in America?
So for the first time ever, The U.S.
government is directing you where to invest your savings & retirement and has
gained full access to the activity in every single citizen’s bank accounts,
retirement accounts, brokerage accounts and trading accounts. The IRS will also
have full visibility on any oversees accounts, income, equity or other
earnings, effectively giving them access to all the wealth of every American
citizen no matter where they reside on earth. So now that we know what they’re
doing and why they’re doing it, the question for you is: what are you doing to
safeguard your savings & wealth?
There’s Only One Place to Hide
With our desperate government
gaining unprecedented access to your financial accounts everywhere in the
world, you need to take action NOW to protect your savings & retirement
from possible capital controls. But if the government has its hands in your
bank accounts, retirement accounts and brokerage accounts, is any place safe?
Comments
US consumers buy $334B a year from China and
they buy $82B from the US. China and Japan each hold $1.2 trillion in US debt. https://www.treasury.gov/ticdata/Publish/mfh.txt
We own 65% of our own debt held by Social
Security, The Fed and other Federal Agencies investment accounts (see CAFR) http://www.forbes.com/sites/mikepatton/2014/10/28/who-owns-the-most-u-s-debt/
Our foreign investors are betting that the US
will continue to pay interest. In 2014, this interest totaled $431B. We paid
$280B to Federal entities and $151B to foreign debt holders. https://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
These foreign governments buy our debt to
bribe the US federal government to continue to buy their goods at favorable
rates. We think it’s a bribe, but they think it’s extortion. They also think it’s
enough and won’t buy any more US IOUs.
We have been sacrificing our jobs to feed
government debt. This is reversible if we finally decide to elect
representatives who are on our side.
I’m not sure the federal government will
seize our assets and invite a plunge in US consumer spending. It is time to cut federal spending and begin
to pay down the debt.
Norb Leahy, Dunwoody GA Tea Party Leader
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