Focusing your life solely on making a buck shows a poverty of ambition. It asks too little of yourself. And it will leave you unfulfilled. –President Barack Hussein Obama
by Donald Miller
The collapse of the Obama spending machine has a long way to go yet, especially with regard to pilfering the earnings and savings of European Americans. There are many ways Obama & Bernanke can confiscate your income and wealth to establish a multiracial nation.
GREAT GOLD CONFISCATION
To understand some of this, it may be necessary for you to review the history of the great gold confiscation of 1933. Here are two links that provide information about that event.
http://kzgold.com/sgt05.html
http://www.the-privateer.com/1933-gold-confiscation.html
RAPID INFLATION NOT SUITABLE
There are fundamentally only three ways to repay the Obama-Bernanke indebtedness—I disregard massive inflation because it would take too long to be effective and, if it happened too quickly, we’d begin to understand the Weimar Republic (1919-1933) really well and up close.
http://en.wikipedia.org/wiki/Weimar_Republic#Economic_problems
(1) CONFISCATE VALUE OF TAX-DEFERRED ACCOUNTS
The federal government could claim a partial ownership interest in the trillions of dollars locked up in tax-deferred accounts. It could make such a claim on either of two notions, an overriding interest in speeding up the velocity of money, or that it has a shared ownership of the money in a tax-deferred account based on the tax-deferral feature itself—something like the user of an easement claiming an interest in the entire property traversed by the easement user.
It wouldn’t be hard to get bank compliance, they would just be required to transfer the electronic cash in your tax-deferred account to the Treasury and have an appropriately valued Treasury note electronically inserted in the place of the electronic cash. Thus your tax-deferred account would be converted from an asset of yours to a debt instrument masquerading as a new asset.
(2) CONFISCATE VALUE OF ALL EXTRACTED MATERIALS
The federal government could claim a larger or total ownership interest in all natural resources and extracted materials like wood, water, minerals, oil, thermal energies, marble, sand, coal, and so on. A plausible case could be easily made that ownership of all extracted materials is the property of the federal government—that would be a flip of the power to tax or license extractions in a big way.
(3) CONFISCATE MORTGAGE VALUE OF ALL OR SOME REAL PROPERTY
The federal government could claim a larger interest in all or some real property (land, houses, factories, malls, and so on) as something it could mortgage to foreign countries’ financial institutions (China, Japan, etc.) or huge domestic financial institutions. This could generate a lot of new cash if the promise was ownership free and clear of certain classes of American real property—a no-risk situation if there ever was one—in the event of default.
In a sense, the Kelo decision by the USSC a couple of years ago paved the way for such a mortgaging project by marrying it to a species of eminent domain. Info on Kelo decision:
http://en.wikipedia.org/wiki/Kelo_v._City_of_New_London
Pleasant dreams in our brave new world.