A recent article in the Christian Science Monitor, pointed out that various European governments are seizing individual savings and retirement accounts, and placing the confiscated money into government accounts, to help pay the debts which politicians created. Is there nothing safe? If you are in things dealing with currencies, and stored in government regulated institutions, probably not. What is there to do? Store your dollars under your mattress? That might not be too bad, and since you aren’t getting much interest anyway. Assuming you aren’t going to get robbed, or tell someone where it is.
Isn’t that shocking now? Government comes in and takes your money to pay their bills! It couldn’t happen here? Don’t bet on it. They’re screwing you in other ways, why not take your money? They’re not increasing Social Security payments, and lie through their teeth about the cost of living. The government’s cost of living fake figure, doesn’t include food or fuel. Maybe if they seized your CD’s and savings accounts, they would be less in debt.
If your dollars are in a place where they can be seized, I think there is a possibility it could happen. Where then, can you store your wealth in a safe place, where it is untouchable by a government? Physical dollars can be stored in any place, other than a bank. Safes, hidden away in a place where no one would think of looking, and hopefully in a fireproof place. Then of course, you can get out of dollars which can be seized or confiscated, and get into something else. Something that doesn’t have your name on it, such as antiques, unregistered guns, rare stamps, or physical things as I have mentioned before, like tons of steel, barrels of oil, etc. Everyone should have guns of course, and if possible those which are not registered.
Then there are (here comes the commercial) gold and silver, which have no one’s name on them, and are not registered with anyone or any government. Gold and silver, which are in themselves valuable with no guarantees needed from a government, or which need be ’backed’ by anything or any one. Gold and silver are value in themselves, in all currencies, and at all times throughout history…including this one.
The story in the Christian Science Monitor, really scares me. The sheer audacity of it! Of course we still the Fourth Amendment, which says what is yours is yours. The Income Tax Amendment (16th) was never legally ratified, but the Supremes have held it legal, and we pay income taxes. The Tenth Amendment says that what the Constitution doesn’t allow the government to do, is reserved for the States to do, but that Amendment has been violated thousands of times by the horrendous bureaucracy which lives in D.C. and sponges off of all of us endlessly. The criminality of governments around the world is unsurpassed by any crime a mere human such as Bernie Madoff can commit. The Social Security “trust fund” hasn’t a dime in it, and our government creates, out of thin air, dollars to pay for 40% of what it spends, via the printing press. If we print their bills, we go to jail as counterfeiters, but they print a billion an hour or more. “Don’t do as I do, but do as I say,” might be government’s motto.
How much clearer can it be said? It looks as if your dollars are in danger, if what is happening in Europe, happens here. For over a year now, rumor has it that government will seize IRAs and substitute Treasury bills. How do these rumors get started? Isn’t there usually truth in most rumors? You decide.
We get new customers daily, and the usual remark is that they have never done this before, and they are worried about getting out of their dollars, and getting into silver and gold. Dollars are a thing we have all been raised with, and are a habit. We use them to buy things, go places, and literally live with, and we aren’t going to change that. Gold and silver are a convenient way to get out of, and if necessary, get back into…dollars. While you are out of dollars, the gold and silver will go up in dollars, along with all prices, so you will have hedged yourself against inflation. Had you stayed in dollars, prices going up means that your dollars are going down, and if you stay in them, you are decapitalizing yourself. Silver and gold preserve your wealth.