Thursday, October 31, 2013

IMF: A Confiscation Tax is Headed Your Way

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 if you, too, care about preserving your personal wealth, then a new report released this month by the International Monetary Fund (IMF) should leave you paralyzed with fear and desperate to find measures to counteract the attack that will soon take aim at your pocketbook.

In the 100-plus-page report dryly titled Fiscal Monitor: Taxing Times, the IMF has essentially given lawmakers from deeply indebted countries a paint-by-numbers kit on how to extract larger tax revenues from anyone with any level of wealth. Though the IMF’s language is couched in faux-objectivity, the underlying message is shockingly clear: Many developed nations, especially the United States, have abundant opportunities “to raise revenue from the top of the income distribution,” using a variety of methods including the direct confiscation of personal wealth.

But it’s best that I let the report speak for itself and let you come to your own conclusions…
“The sharp deterioration of the public finances in many countries has revived interest in a ‘capital levy’ – a one-off tax on private wealth – as an exceptional measure to restore debt sustainability. The appeal is that such a tax, if it is implemented before avoidance is possible and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair). … The conditions for success are strong, but also need to be weighed against the risks of the alternatives, which include repudiating public debt or inflating it away.”
Those sentiments, from page 49 of the IMF report, should scare the hell out of anyone with even a modicum of wealth … for that wealth could soon be under assault.


Consider what that paragraph above is really saying. Its sentiment is clear: You, the developed countries of the world that have done such a masterful job of suffocating yourselves with more debt than you will ever be able to repay, have three options. You can default on your debt down to a level that is manageable … you can inflate the hell out of your economy and in that process destroy your currency and probably spark a bout of hyperinflation … or you can claim eminent domain over a portion of your citizens’ personal wealth and simply take it for the needs of the state.

And look at what the endgame is: “debt sustainability.” Not debt eradication. Not learning to live within the revenue stream you generate as a country. Just the ability to continue relying on debt … largely to pay for bloated welfare programs that will be the death of many Western economies in the not-too-distant future – and that just gets us to a point sometime in the future when debt levels are too high again and government once again imposes a capital levy.

Please understand that the IMF is not some wacky band of fringe-dwelling lunatics peddling daft ideas to no one of importance. It’s the central banker to the world, and it’s funded by the so-called G20 nations, the world’s 20 largest economies. What the IMF suggests is taken quite seriously inside the halls of congresses and parliaments throughout the developed world. Its reports often serve as the backbone for the various financial policies that lawmakers undertake across the globe.

The organization doesn’t publish random musings. It deliberately sends messages to those with the greatest influence in shaping the world’s monetary and taxation policies. The message it’s sending with this new report is that the developed world is in a seriously bad way, and that the radical steps required to keep the cart on the rails mean that anyone with any wealth will have to part with what they’ve worked so hard to accumulate … for the good of the state.

Scariest of all in the IMF’s assessment is the phrase: “If it is implemented before avoidance is possible.” The IMF reflexively recognizes that the medicine it prescribes will not go down without force, and that those of us who can will rapidly seek ways to keep the government’s greedy paws away from our personal wealth. To counter that, the IMF implicitly advocates a blitzkrieg approach to governmental thievery. Imagine waking up some random Monday to find that the federal government has imposed a week-long “bank holiday” that limits your access to your own money to maybe $200 a day through an ATM, and that the government is imposing a new “wealth tax” that requires every American with a positive net worth to give 10% of that wealth to the government.

Can’t happen here in America?

Never underestimate the deviousness of desperate lawmakers – and America’s actions over the last decade speak to nothing if not desperation. Washington has a history of surprise moves. It has imposed bank holidays. Presidents have devalued U.S. currency overnight. Lawmakers have imposed “temporary” measures that are now permanent fixtures in our financial lives, including the income tax and the fact that silver no longer backs any of our currency.

Be Prepared for What’s Coming …

Do not think that this won’t hit you. The IMF is not calling on governments to soak the hated 1%. The IMF recognizes that not even the developed world’s richest denizens have enough cash to refloat the sunken system. So … everyone with a positive net worth will have to relinquish a portion of their wealth.

Your takeaway from all of this should be crystalline at this point: You absolutely must begin putting in place the plan B you could very well need one day to survive the legalized thievery that, with this IMF report, is now an official part of government dialogue.

You must have some portion of your wealth in assets not easily taxed or taken, like gold and silver bullion or, more importantly, collectible gold and silver coins. You need money available to you offshore to reach in the event of a bank holiday and in case you decide the financial pain associated with your nationality is suddenly too much to bear. And you should at least begin the process of considering where you would feel comfortable living outside America if life inside America becomes financially unbearable.

The IMF is telling you what is coming. And I’m telling you the wealth confiscation is nothing to brush aside as impossible in America. We are a deeply, deeply troubled country. And deeply troubled countries always resort to unexpected solutions.

Video below of IMF summary of the report:


You’ve been warned.

28 Signs That The West Coast Is Being Absolutely Fried With Nuclear Radiation From Fukushima

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The map below comes from the Nuclear Emergency Tracking Center.  It shows that radiation levels at radiation monitoring stations all over the country are elevated.  As you will notice, this is particularly true along the west coast of the United States.  Every single day, 300 tons of radioactive water from Fukushima enters the Pacific Ocean.  That means that the total amouont of radioactive material released from Fukushima is constantly increasing, and it is steadily building up in our food chain.  Ultimately, all of this nuclear radiation will outlive all of us by a very wide margin.  They are saying that it could take up to 40 years to clean up the Fukushima disaster, and meanwhile countless innocent people will develop cancer and other health problems as a result of exposure to high levels of nuclear radiation.  We are talking about a nuclear disaster that is absolutely unprecedented, and it is constantly getting worse.  The following are 28 signs that the west coast of North America is being absolutely fried with nuclear radiation from Fukushima…
Fukushima Radiation
1. Polar bears, seals and walruses along the Alaska coastline are suffering from fur loss and open sores
Wildlife experts are studying whether fur loss and open sores detected in nine polar bears in recent weeks is widespread and related to similar incidents among seals and walruses.
The bears were among 33 spotted near Barrow, Alaska, during routine survey work along the Arctic coastline. Tests showed they had “alopecia, or loss of fur, and other skin lesions,” the U.S. Geological Survey said in a statement.
2. There is an epidemic of sea lion deaths along the California coastline…
At island rookeries off the Southern California coast, 45 percent of the pups born in June have died, said Sharon Melin, a wildlife biologist for the National Marine Fisheries Service based in Seattle. Normally, less than one-third of the pups would die.   It’s gotten so bad in the past two weeks that the National Oceanic and Atmospheric Administration declared an “unusual mortality event.”
3. Along the Pacific coast of Canada and the Alaska coastline, the population of sockeye salmon is at a historic low.  Many are blaming Fukushima.
4. Something is causing fish all along the west coast of Canada to bleed from their gills, bellies and eyeballs.
5. A vast field of radioactive debris from Fukushima that is approximately the size of California has crossed the Pacific Ocean and is starting to collide with the west coast.
6. It is being projected that the radioactivity of coastal waters off the U.S. west coast could double over the next five to six years.
7. Experts have found very high levels of cesium-137 in plankton living in the waters of the Pacific Ocean between Hawaii and the west coast.
8. One test in California found that 15 out of 15 bluefin tuna were contaminated with radiation from Fukushima.
9. Back in 2012, the Vancouver Sun reported that cesium-137 was being found in a very high percentage of the fish that Japan was selling to Canada…
• 73 percent of mackerel tested
• 91 percent of the halibut
• 92 percent of the sardines
• 93 percent of the tuna and eel
• 94 percent of the cod and anchovies
• 100 percent of the carp, seaweed, shark and monkfish
10. Canadian authorities are finding extremely high levels of nuclear radiation in certain fish samples…
Some fish samples tested to date have had very high levels of radiation: one sea bass sample collected in July, for example, had 1,000 becquerels per kilogram of cesium.
11. Some experts believe that we could see very high levels of cancer along the west coast just from people eating contaminated fish
“Look at what’s going on now: They’re dumping huge amounts of radioactivity into the ocean — no one expected that in 2011,” Daniel Hirsch, a nuclear policy lecturer at the University of California-Santa Cruz, told Global Security Newswire. “We could have large numbers of cancer from ingestion of fish.”
12. BBC News recently reported that radiation levels around Fukushima are “18 times higher” than previously believed.
13. An EU-funded study concluded that Fukushima released up to 210 quadrillion becquerels of cesium-137 into the atmosphere.
14. Atmospheric radiation from Fukushima reached the west coast of the United States within a few days back in 2011.
15. At this point, 300 tons of contaminated water is pouring into the Pacific Ocean from Fukushima every single day.
16. A senior researcher of marine chemistry at the Japan Meteorological Agency’s Meteorological Research Institute says that “30 billion becquerels of radioactive cesium and 30 billion becquerels of radioactive strontium” are being released into the Pacific Ocean from Fukushima every single day.
17. According to Tepco, a total of somewhere between 20 trillion and 40 trillion becquerels of radioactive tritium have gotten into the Pacific Ocean since the Fukushima disaster first began.
18. According to a professor at Tokyo University, 3 gigabecquerels of cesium-137 are flowing into the port at Fukushima Daiichi every single day.
19. It has been estimated that up to 100 times as much nuclear radiation has been released into the ocean from Fukushima than was released during the entire Chernobyl disaster.
20. One recent study concluded that a very large plume of cesium-137 from the Fukushima disaster will start flowing into U.S. coastal waters early next year
Ocean simulations showed that the plume of radioactive cesium-137 released by the Fukushima disaster in 2011 could begin flowing into U.S. coastal waters starting in early 2014 and peak in 2016.
21. It is being projected that significant levels of cesium-137 will reach every corner of the Pacific Ocean by the year 2020.
22. It is being projected that the entire Pacific Ocean will soon “have cesium levels 5 to 10 times higher” than what we witnessed during the era of heavy atomic bomb testing in the Pacific many decades ago.
23. The immense amounts of nuclear radiation getting into the water in the Pacific Ocean has caused environmental activist Joe Martino to issue the following warning
“Your days of eating Pacific Ocean fish are over.”
24. The Iodine-131, Cesium-137 and Strontium-90 that are constantly coming from Fukushima are going to affect the health of those living the the northern hemisphere for a very, very long time.  Just consider what Harvey Wasserman had to say about this…
Iodine-131, for example, can be ingested into the thyroid, where it emits beta particles (electrons) that damage tissue. A plague of damaged thyroids has already been reported among as many as 40 percent of the children in the Fukushima area. That percentage can only go higher. In developing youngsters, it can stunt both physical and mental growth. Among adults it causes a very wide range of ancillary ailments, including cancer.
Cesium-137 from Fukushima has been found in fish caught as far away as California. It spreads throughout the body, but tends to accumulate in the muscles.
Strontium-90’s half-life is around 29 years. It mimics calcium and goes to our bones.
25. According to a recent Planet Infowars report, the California coastline is being transformed into “a dead zone”…
The California coastline is becoming like a dead zone.
If you haven’t been to a California beach lately, you probably don’t know that the rocks are unnaturally CLEAN – there’s hardly any kelp, barnacles, sea urchins, etc. anymore and the tide pools are similarly eerily devoid of crabs, snails and other scurrying signs of life… and especially as compared to 10 – 15 years ago when one was wise to wear tennis shoes on a trip to the beach in order to avoid cutting one’s feet on all the STUFF of life – broken shells, bones, glass, driftwood, etc.
There are also days when I am hard-pressed to find even a half dozen seagulls and/or terns on the county beach.
You can still find a few gulls trolling the picnic areas and some of the restaurants (with outdoor seating areas) for food, of course, but, when I think back to 10 – 15 years ago, the skies and ALL the beaches were literally filled with seagulls and the haunting sound of their cries both day and night…
NOW it’s unnaturally quiet.
26. A study conducted last year came to the conclusion that radiation from the Fukushima nuclear disaster could negatively affect human life along the west coast of North America from Mexico to Alaska “for decades”.
27. According to the Wall Street Journal, it is being projected that the cleanup of Fukushima could take up to 40 years to complete.
28. Yale Professor Charles Perrow is warning that if the cleanup of Fukushima is not handled with 100% precision that humanity could be threatened “for thousands of years“…
“Conditions in the unit 4 pool, 100 feet from the ground, are perilous, and if any two of the rods touch it could cause a nuclear reaction that would be uncontrollable. The radiation emitted from all these rods, if they are not continually cool and kept separate, would require the evacuation of surrounding areas including Tokyo. Because of the radiation at the site the 6,375 rods in the common storage pool could not be continuously cooled; they would fission and all of humanity will be threatened, for thousands of years.”
Are you starting to understand why so many people are so deeply concerned about what is going on at Fukushima?