First NZ hints this....now Canada? Bank account confiscation?

[so.cal.fan]

http://michaelsnyder.mensnewsdaily.com/2013/03/cyprus-style-bank-account-confiscation-is-in-the-new-2013-canadian-government-budget/ :eek:

[boxcar]

Here's an article to supplement the above:

http://money.msn.com/investing/after-cyprus-no-money-pool-is-safe

Can't wait until things get so bad that the government will confiscate retirement funds next to bail out the banks. Is it any wonder the U.S. Gov has long been coveting its own citizens' 401Ks?

Boxcar

[TJDave]

You guys understand that U.S. banks legally set limits on withdrawals and funds availability, right?

And that your account/s are only guaranteed up to a certain amount?

[so.cal.fan]

Yes, we do understand that, TJDave...it just gets troubling when governments or big bank cartels can change the rules.
Do I think it will happen here? No. Not as long as they can keep interest rates down to 1/4-1/2 of 1% they pay us in banks and a paltry less than 2% on TEN YEAR Treasury bills. When our interest on savings doesn't even keep up with inflation.......you do the math, TJD.
Here's another disturbing article. We can only pray it's not as bad as it just might be:
http://webofdebt.wordpress.com/2013/03/28/it-can-happen-here-the-confiscation-scheme-planned-for-us-and-uk-depositors/

Until we get jobs, nothing is going to get much better.
The headline of my local paper, The Pasadena Star News' front page:

TECHNOLOGY KILLING JOBS.

They will not come back anytime soon. It's very sad.
So, who knows what desperate means governments and financial institutions will use to stay afloat.
It's a terrible problem, and it's obviously world wide.

[DRIVEWAY]

The ultimate confiscation of assets is the estate tax.

The major questions of fairness in the tax codes and asset accumulation is at the core of government.

Add in the arguments of free enterprise versus stringent regulations in the banking industry and you can start defining your political parties. We've had the Savings and Loan crisis and the Commercial Bank bailout within 20 years. Ten year interest rates have varied from 15+% to less than 2% over the past 40 years. It seems more like chaos than free enterprise.

America is seen as the Land Of Opportunity because of its upward mobility and large middle class. Other countries are known for their Upper and Lower classes with very small middle classes.

In recent decades the USA has seen the rich get richer and the poor get poorer while the middle class is shrinking. Average income is stagnant and median income is lower in inflation adjusted dollars.

Indeed upwards of 47% don't pay federal income taxes. But when payroll taxes, real estate taxes, state and local taxes and governmental fees are accumulated, many are still struggling to survive. Please don't tell these people that they are not paying their fair share.

People are simply taxed too much. Reductions in spending is critical to future success. Reform and affordability in healthcare and education must be part of any solution. Military spending must be managed closely but is an essential cost of freedom.

The nation needs new leadership.

Urgent, please find a 21st Century Theodore Roosevelt.

[Tom]

America is being run by liars and thieves.
This is why we need guns.
As our Founding Fathers knew - you cannot trust any governments.
You can trust your gun.

[Tom]

The nation needs new leadership.

The nation needs leadership.
We have the dregs of society on both sides of the aisle.
And a terrorist in the WH.
DC is overflowing with scumbags.

Not one person in government is worthy of any respect.
We should be following them all home with torches and pitch forks.

[so.cal.fan]

Driveway. thanks for your interesting comments.

[HUSKER55]

it is time to get rid of all incumbents...one way or the other.

[Tom]

Agree that ALL incumbents must go - never give them time to get entrenched.
Vote for single-term limits every time.

[Dave Schwartz]

it is time to get rid of all incumbents...one way or the other.

To paraphrase the Who: "New boss, same as the old boss."

Voting out the incumbents would do absolutely nothing in the long run (beyond making us feel good).

In any given race, we have a choice between A & B. Both got through their respective campaigns with money that came from the source of all candidates: corporations. We get the choices that we are given; no more.

On those rare occasions when a "grass roots" candidate gets to the ballot, and (astoundingly) gets elected, he is not part of the "main stream of congress." He affects no change. Usually he is just one-and-done. Even if he does multiple terms, he does so outside of the main stream because he doesn't "play ball" with the system. He accomplishes nothing.

Or worse, he decides the only way to get anything done is to learn to play the game and suddenly, he has changed from being part of the solution to part of the problem.

Campaign reform is the only thing that will make a difference.

[Tom]

But if they only get one term, they do not get to become the machine that they are today. We avoid 30-40 years of rotting garbage sitting in power.

The idea is to keep them moving so they have no time to form their own shadow government.

[TJDave]

But if they only get one term, they do not get to become the machine that they are today.

Politicians are elected to ONE term...



at a time.

[TJDave]

Campaign reform is the only thing that will make a difference.

What would you propose?

[Dave Schwartz]

I would propose that no contribution be made above $100.

You know that $1 they ask you to contribute on your tax form? Well, if you want to contribute, you contribute like that - to all candidates.

No corporate contributions.

No money from foreign countries.

No PACs or special interest groups.

[TJDave]

I would propose that no contribution be made above $100.

You know that $1 they ask you to contribute on your tax form? Well, if you want to contribute, you contribute like that - to all candidates.

No corporate contributions.

No money from foreign countries.

No PACs or special interest groups.

I would favor full and complete disclosure. Anyone can contribute as much as they wish but voters should know the who and why. PACs and other groups to disclose organization, membership rolls, contributors, amounts and disbursements.

[Tom]

Problem is, it takes the liars and thieves who run the show now to enact those rules. Never happen. We, as voters, do have a shot at crippling them.

[JustRalph]

I would favor full and complete disclosure. Anyone can contribute as much as they wish but voters should know the who and why. PACs and other groups to disclose organization, membership rolls, contributors, amounts and disbursements.

You mean Obama would have to give up on thse overseas pre paid debit cards?

Shock!!

[Dave Schwartz]

We, as voters, do have a shot at crippling them.

Tom,

I must disagree. Until a farmer from Iowa with no war chest can get elected because he is the best man for the job, we cannot pick "better horses" until we have "better entrants."


Dave

[TJDave]

Until a farmer from Iowa with no war chest can get elected because he is the best man for the job, we cannot pick "better horses" until we have "better entrants."


An Iowa farmer would have the best of chances. Probably could shake every hand in his district before supper.

Blaming politicians or the system is incorrect. Voters have all the power, including delegating to political parties.

[Tom]

Tom,

I must disagree. Until a farmer from Iowa with no war chest can get elected because he is the best man for the job, we cannot pick "better horses" until we have "better entrants."


Dave

Catch 22 - you will NEVER get better entrants as long as we allow the scumbags to serve lifetimes. We have to take drastic action now to break up the monopoly.

[Dave Schwartz]

Blaming politicians or the system is incorrect. Voters have all the power, including delegating to political parties.

Such is the system known as the "Republic."

Ultimately, we can only elect from those who are offered. As long as the biggest requirement to getting on the ballot is money, the only people eligible will be answering first to those who provided the money to get there.


Catch 22 - you will NEVER get better entrants as long as we allow the scumbags to serve lifetimes. We have to take drastic action now to break up the monopoly.

I do agree with that, but see no options currently available that will address the problem. (Please note that I do not consider either anarchy or revolution as options.)


Dave