Will Uncle Sam Confiscate Gold Again?
By Mark O’Byrne
September 5, 2015
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Investors suffered financial losses in recent weeks as stocks globally came under pressure in August and had their worst month in the last three years.
In one of the most volatile trading periods since the global financial crisis, August saw a massive $5.7 trillion erased from the value of stocks worldwide. No major stock market was left unscathed and the risk of financial and economic contagion became evident again.
There are growing concerns internationally that in the event of another Wall Street or global stock market crash and a new systemic crisis – a Eurozone debt crisis or another Lehman Brothers collapse – there could be enforced bank closures or extended bank holidays in the EU and U.S. as seen in Greece recently.
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It’s not hard to imagine that in another “meltdown”, “market panic”, or “credit squeeze”, that the political class would use that opportunity to radically takeover the economy.
It would not be hard for “the authorities” to implement their plan for taking the trillions in IRAs / 401Ks / 403Bs / 457s by strong-arming the 2200 or so “custodians” into turning them over. Perhaps, for that, sometimes mentioned “enhanced social security benefit”?
While they are seizing the gold and precious metals — if they can find them — they will probably take the guns too.
Be interesting to see how that works out for them.
“And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand? . . .” — Alexander Solzhenitsyn
I don’t think any type of door to door seizure will work out to well for the “boots on the ground”.
But then again, “We, The Sheeple” have gone along before.
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