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Thursday, 12 June 2014

All your money.........................from Rico

All YOUR money are belong to US.

- According to government, tat is.


Not content to punish savers with ZIRP and NIRP (zero interest rate and negative interest rate policies), bankrupt governments are finding new ways to steal their subjects money by 'legislating' themselves the right to steal their money from them.

- Confiscation of 'dormant' bank accounts is already de rigeuer in Australia, Japan, and the UK courtesy of 'laws' that disregard Private Property rights and/or proper award and due process as far as heirs are concerned. [Read: It's NOT yours when government can say it's THEIRS.]

- The US state of Georgia has taken this one step further down the road to serfdom by just passing a 'law' that says if an account hasn't been touched in one year, it belongs to them...never mind saving for a rainy day, or to pass on to your children, or having the discipline and/or wherewithal to not raid your own account to buy the latest iGadget or a larger flat screen TV. Oh yay. They will be happy to raid your account FOR you.


Too bad. So sad. Sucks to be you and not the government.


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