We are living in exciting times. The Signposts point to Jesus soon return.

Tuesday, October 22, 2013

The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation

Prophecy Sign:  The coming global economic collapse


This slow moving train wreck called the global economic system, continues to roll down the track to wreck and ruin.  The IMF knows the wreck is coming and is laying the groundwork for the confiscation of assets from "all households with positive net wealth" in order to just "restore debt sustainability"  You read that right. The IMF only wants to use pilfered cash to pay down just enough government debt to allow the train to carry on down the same tracks for a little while longer.

Meanwhile the French government has hiked taxes to such a level, (in order to do just what the IMF suggests), that well off entrepreneurial French citizens are fleeing their nation in search of more reasonable tax structures.  This will only exasperate the French conundrum that much more.  And the Americans, who continue to pump trillions of new funny money into their inflated debt fuelled economy, see no reason to turn off the taps as the train lumbers forward to the "bridge out" sign ahead.  Things do not look good for the future of the world economy.  But just when all seems lost, along will come a man of action, (Antichrist), who along with 10 other world leaders will seem to have the answer to the worlds woes.  A brand new economic world order.

The ten horns you saw are ten kings who have not yet received a kingdom, but who for one hour will receive authority as kings along with the beast. They have one purpose and will give their power and authority to the beast. Revelation 17:12-13 NIV

The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation
The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled “Taxing Times,” the report paints a dire picture for advanced economies with high debts that fail to aggressively “mobilize domestic revenue.” It goes on to build a case for drastic measures and recommends a series of escalating income and consumption tax increases culminating in the direct confiscation of assets.

Note three takeaways. First, IMF economists know there are not enough rich people to fund today’s governments even if 100 percent of the assets of the 1 percent were expropriated. That means that all households with positive net wealth—everyone with retirement savings or home equity—would have their assets plundered under the IMF’s formulation. Second, such a repudiation of private property will not pay off Western governments’ debts or fund budgets going forward. It will merely “restore debt sustainability,” allowing free-spending sovereigns to keep tapping the bond markets until the next crisis comes along—for which stronger measures will be required, of course.
http://www.forbes.com/sites/billfrezza/2013/10/15/the-international-monetary-fund-lays-the-groundwork-for-global-wealth-confiscation/

12 Shocking Clues About What America Will Look Like When The Next Great Economic Crisis Strikes
The collapse of American society is accelerating.  For the moment, much of our social decay is being masked by the tremendous level of affluence that we are experiencing.  Ithas been reported that 4 out of every 5 adults in the United States "struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives", but in general Americans still enjoy a debt-fueled standard of living that is far beyond what most of the rest of the world enjoys.  When that debt-fueled standard of living permanently disappears, it is going to unleash chaos unlike anything that America has ever seen before.  Right now, economic conditions in this country are not anywhere close to where they were before 2008, but this is just the beginning.  We are in the midst of an ongoing economic collapse which is going to get much, much worse in the years ahead.
http://theeconomiccollapseblog.com/archives/12-shocking-clues-about-what-america-will-look-like-when-the-next-great-economic-crisis-strikes

Down and out: the French flee a nation in despair
By 2014, France’s public expenditure will overtake Denmark’s to become the world’s highest: 57 per cent of GDP. In effect, just to keep in the same place, like a hamster on a wheel, and ensure that the European Central Bank in Frankfurt isn’t too unhappy with us, Hollande now needs cash. Technocrats, MPs and ministers have been instructed to find every euro they can rake in – in deferred benefits, cancelled tax credits, extra levies. As they ignore the notion of making some serious cuts (mooted at regular intervals by the IMF, the OECD and even France’s own Cour des Comptes), the result can be messy.

On the one hand, the lacklustre economy and finance minister Pierre Moscovici recently admitted that he “understood” the French’s “exasperation” with their heavy tax burden. This earned him a sharp rap on the fingers from the president and his beleaguered PM, Jean-Marc Ayrault. On the other, new taxes keep being announced, in chaotic fashion, nearly every week. 

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