From: Freedom Outpost
This morning Reuters obtained a leaked
proposal disclosing that European Union officials are looking for new
and innovative ways to fund their immense debt levels. As noted by
Zero Hedge, they’re no longer turning exclusively to central
bankers to simply print more money as needed. Because last year’s
bank bail-in forcing the confiscation of funds from average
depositors in Cyprus worked so well, EU regulators and bankers have
determined that they’ll use a similar method to fund their future
endeavors.
In a nutshell, and in Reuters’ own
words, “the savings of the European Union’s 500 million citizens
could be used to fund long-term investments to boost the economy and
help plug the gap left by banks since the financial crisis, an EU
document says.”
This is what happens when governments
run out of money.
But if you think this is limited to
just Europe, then consider the words of President Barack Obama in
his recent State of the Union address.
For all intents and purposes, a
similar groundwork is being laid right here in America.
This
morning Reuters obtained a leaked proposal disclosing that European
Union officials are looking for new and innovative ways to fund their
immense debt levels. As noted by Zero Hedge,
they’re no longer turning exclusively to central bankers to simply
print more money as needed. Because last year’s bank bail-in forcing the
confiscation of funds from average depositors in Cyprus worked so well,
EU regulators and bankers have determined that they’ll use a similar
method to fund their future endeavors.
Read more at http://freedomoutpost.com/2014/02/government-lays-groundwork-confiscate-401k-ira-happening/#VxDlsTmgYil56A5l.99
In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.”
Read more at http://freedomoutpost.com/2014/02/government-lays-groundwork-confiscate-401k-ira-happening/#VxDlsTmgYil56A5l.99
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