Wealth Confiscation & Destruction

Off the microphone of RE

Follow us on Twitter @doomstead666
Friend us on Facebook

Aired on the Doomstead Diner on July 6, 2014

logopodcast

Discuss this Rant at the Podcast Table inside the Diner

Snippet:

SAMSUNG CAMERA PICTURES…For today, I want to look at the specter of Wealth Confiscation coming down the pipe, which has already occurred in places like Cyprus, but looks likely to expand in scope as the general financial Ponzi of the World implodes.

Graham Summers of Capital Research is a regular contributor to ZH, and a regular predictor of Financial Doom as well.  His schtick is how you need to set up your portfolio for Doomsday.
 
In his latest piece below, Graham talks about how TPTB will come after anyone with financial assets over around $200K, striking FEAR into the Heart of every 1%er out there.

The idea here is, TPTB will do anything and everything they can to try to keep the financial system floating another day, and if that means they have to confiscate the paper wealth of 99.9% of the people with some money in the bank, they will do so.

While worrisome to the 1% crowd out there, this is probably not quite so worrisome to the .01% with wealth measured in $Billions$.  These folks are “Key Men”, and though they may take a Haircut at the beginning, they won’t lose it ALL

For the rest, LISTEN TO THE RANT!

RE

Leave a Reply

Your email address will not be published. Required fields are marked *

Knarf plays the Doomer Blues

https://image.freepik.com/free-icon/musical-notes-symbols_318-29778.jpg

Support the Diner
Search the Diner
Surveys & Podcasts

NEW SURVEY

Renewable Energy

VISIT AND FOLLOW US ON DINER SOUNDCLOUD

" As a daily reader of all of the doomsday blogs, e.g. the Diner, Nature Bats Last, Zerohedge, Scribbler, etc… I must say that I most look forward to your “off the microphone” rants. Your analysis, insights, and conclusions are always logical, well supported, and clearly articulated – a trifecta not frequently achieved."- Joe D
Archives
Global Diners

View Full Diner Stats

Global Population Stats

Enter a Country Name for full Population & Demographic Statistics

Lake Mead Watch

http://si.wsj.net/public/resources/images/NA-BX686_LakeMe_G_20130816175615.jpg

loading

Inside the Diner

Will GM Korea return its four S. Korean factories to the US?https://wolfstreet.com/2018/02/20/gm-shakes-down-south-korean-taxpayers/How GM Is Shaking Down South Korean TaxpayersWolf RichterFeb 20, 2018It follows the playbo...

http://palloy.earth/blog/contents/201802211206+Why+American+wants+a+war+with+Russia.htmWhy America wants a war with Russiaby P...

Here are five reasons from an evangelical Christian climate scientist.

Survey says yes...and he considers himself a he, not a she. But he DID get a boob job anyway, from what I understand. He apparently has owned and run the local movie house in Silverton for 43 years. Don't sit in the balcony, whatever you do.

Quote from: Eddie on Today at 02:26:08 PMHow about this, er, uh, guy....Stu Rasmussen, the mayor of Silverton Oregon. The TransWorld Candidate. [url...

Diner Twitter feed

Diner Newz Feeds
  • Surly
  • Agelbert
  • Knarf
  • Golden Oxen
  • Frostbite Falls

Quote from: Eddie on Today at 05:42:39 AMShe wants [...]

Quote from: luciddreams on February 19, 2018, 07:1 [...]

Quote from: Eddie on February 19, 2018, 11:56:42 A [...]

She wants a bullet-proof vest. The cops here (and [...]

Quote from: Palloy2 on February 19, 2018, 02:40:22 [...]

Quote from: Golden Oxen on February 08, 2018, 12:3 [...]

I just call 'em like I see 'em. I never [...]

Quote from: Eddie on February 08, 2018, 12:30:03 P [...]

Quote from: agelbert on February 08, 2018, 10:51:2 [...]

Internet down most of the time for past 2 days. Th [...]

Quote from: Surly1 on February 18, 2018, 12:30:46 [...]

Quote from: Eddie on February 18, 2018, 11:30:20 A [...]

Quote from: Golden Oxen on February 18, 2018, 09:3 [...]

http://www.bbc.com/news/business-43124259KFC shuts [...]

We are getting another snowfall here today, looks [...]

The Alaska Soap Opera continues...REhttps://www.us [...]

It was a walk in, spirit change.8th inning relieve [...]

It was that spoonful of sugar she took to make the [...]

Alternate Perspectives
  • Two Ice Floes
  • Jumping Jack Flash
  • From Filmers to Farmers

The Pendulum - Part One Retreat to High Ground By High Desert     Missing in the mix of hundreds of [...]

The (Mind) Games People Play By Cognitive Dissonance     Fair warning! This is a long and dense read [...]

Wisdom, Experience and Just-In-Time Thinking By Cognitive Dissonance   I try to remind myself each g [...]

This and That Vol 4 Mid Winter Musings By Cognitive Dissonance     Probably the one topic Mrs. Cog a [...]

Taking a Pass on Gas – Wood Preferred - Part Three By High Desert Homesteading This is the final ins [...]

Event Update For 2018-02-18http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

Event Update For 2018-02-17http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

Event Update For 2018-02-16http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

Event Update For 2018-02-15http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

Event Update For 2018-02-14http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.html Th [...]

NYC plans to undertake the swindle of the civilisation by suing the companies that have enabled it t [...]

MbS, the personification of the age-old pre-revolutionary scenario in which an expiring regime attem [...]

You know things have taken a turn for the desperate when women have started to drive. Or rather, whe [...]

From Filmers to Farmers is re-launched on the astounding open source blogging platform Ghost! [...]

The blogging scene is admittedly atrocious. Is there really no option for a collapse blogger to turn [...]

Daily Doom Photo

man-watching-tv

Sustainability
  • Peak Surfer
  • SUN
  • Transition Voice

Breathing Highways and Sponge Cities"We could do worse than to go back to the way nature manages rainfall."During the 20th Cen [...]

Junk Food for Salmon"For the geoengineering set, all this news provides an opening for more advanced biotech . [...]

Follow the Money, Mr. Mueller"“Ivanka got her father to bomb Syria by adroitly pushing his buttons. ‘Ivanka had long ago fig [...]

Yarrow's Spiderweb"We are, like spiders, carbon creations that have learned to use carbon as tools. "At the [...]

A Hawaiian Missile Lullaby"Q: What should one do to prepare for an incoming ICBM just minutes away?A: Hug. Smile. Your sh [...]

The folks at Windward have been doing great work at living sustainably for many years now.  Part of [...]

 The Daily SUN☼ Building a Better Tomorrow by Sustaining Universal Needs April 3, 2017 Powering Down [...]

Off the keyboard of Bob Montgomery Follow us on Twitter @doomstead666 Friend us on Facebook Publishe [...]

Visit SUN on Facebook Here [...]

To fight climate change, you need to get the world off of fossil fuels. And to do that, you need to [...]

Americans are good on the "thoughts and prayers" thing. Also not so bad about digging in f [...]

In the echo-sphere of political punditry consensus forms rapidly, gels, and then, in short order…cal [...]

Discussions with figures from Noam Chomsky and Peter Senge to Thich Nhat Hanh and the Dalai Lama off [...]

Lefty Greenies have some laudable ideas. Why is it then that they don't bother to really build [...]

Top Commentariats
  • Our Finite World
  • Economic Undertow

Nicely written. Entitlements are the largest issue and I am one of the entitlees; SS and Medicare re [...]

US Treasury Posts Gigantic $1.16 Trillion Shortfall in Fiscal 2017, Hilariously Points out “Where We [...]

All Hail! King Kaku https://youtu.be/cjQs447hHbo [...]

Nope. Guns cannot be carried around in public without a legitimate reason and must be stored in a lo [...]

Its just the human condition; everybody wants a freebie. Speaking of which I heard the EU has decide [...]

Is anyone having trouble logging in over here? If yes, let me know at Twitter: @econundertow Thanks. [...]

Central banks are system regulators. When they allow commercial bankers commit crimes they are compl [...]

In a way Steve, it seems that you are always arguing that the system is legit, even though many of u [...]

Coming at this from the perspective of a "woo", it's clear to me that a lot of negati [...]

We can look back and find clues: In 1907 there was a money panic that grew out of the failure of the [...]

RE Economics

Going Cashless

Off the keyboard of RE Follow us on Twitter @doomstead666...

Simplifying the Final Countdown

Off the keyboard of RE Follow us on Twitter @doomstead666...

Bond Market Collapse and the Banning of Cash

Off the microphone of RE Follow us on Twitter @doomstead666...

Do Central Bankers Recognize there is NO GROWTH?

Discuss this article @ the ECONOMICS TABLE inside the...

Singularity of the Dollar

Off the Keyboard of RE Follow us on Twitter @doomstead666...

Kurrency Kollapse: To Print or Not To Print?

Off the microphone of RE Follow us on Twitter @doomstead666...

SWISSIE CAPITULATION!

Off the microphone of RE Follow us on Twitter @doomstead666...

Of Heat Sinks & Debt Sinks: A Thermodynamic View of Money

Off the keyboard of RE Follow us on Twitter @doomstead666...

Merry Doomy Christmas

Off the keyboard of RE Follow us on Twitter @doomstead666...

Peak Customers: The Final Liquidation Sale

Off the keyboard of RE Follow us on Twitter @doomstead666...

Collapse Fiction
Useful Links
Technical Journals

West Africa is a very vulnerable part of the world to the impacts of climate change due to a combina [...]

Green areas induce smaller increases in the air temperature than built-up areas. They can offer a so [...]

The study of frequency analysis is important to find the most suitable model that could anticipate e [...]

Follow on our http://www.doomsteaddiner.net/forum/