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

Wednesday, November 5, 2014

The International Monetary Fund Lays The Groundwork For Global Wealth Confiscation

Prophecy Sign:  The coming economic collapse, (and reset - New economic world order)

So to cover their own bad markers, (eg world debt), the banker elites have come up with a glorious plan.....they will simply steal what they need from anybody that has any wealth at all, (including those with retirement savings and home equity).  Gee, can anybody say 'Mafia' and 'Shakedown'?

The elites have decided to start with anybody with loads of money in a bank account.  Now you the 'customer' will have to pay, (negative interest rate), for the privileged of keeping your savings in a German bank account, (soon to come to a nation and bank near you).

The present economic system will crash and will be replaced by a brand new economic world order headed up by the Antichrist and his 10 global cohorts.  But that to will be destroyed by God himself.

They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD's wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin. Ezekiel 7:19 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.

It Begins: German Bank 'Charging' Negative Interest To Its Retail Customers
On November 1st, the first European bank has passed along these negative interest rates to its retail customers. So if you maintain a balance of more than 500,000 euros at Deutsche Skatbank of Germany, you now have the privilege of paying 0.25% per year… to the bank. We’ve already seen this at the institutional level: commercial banks in Europe are paying the ECB negative interest on certain balances. And large investors are paying European governments negative interest on certain bonds. Now we’re seeing this effect bleed over into retail banking. It’s starting with higher net worth individuals (the average guy doesn’t have half a million euros laying around in the bank). But the trend here is pretty clear– financial repression is coming soon to a bank near you.

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