Expatriate or Revolution?

Dave Hodges

October 22, 2013

The Common Sense Show

banksters 5There is one undeniable fact that is emerging from the world of international finance, if you want to retain the money that you have earned, you are going to have to leave the country or you are going to have to overthrow the bankers that have hijacked your government.

I will not mince words, this means revolution in which your primary foe will be DHS and their 2.2 billion rounds of newly acquired ammunition and their 2700 armored personnel carriers. There is no middle ground, it is either fight or acquiesce. And the bad guys know this and this is why they have a plan to incrementally steal your money under false pretenses so as not to alert the masses and rouse them into a state of revolution. .  

How We Got In the Present Mess

The threat to your financial well-being has far less to do with the persistent and incremental theft of your money by the Federal Reserve, which has resulted in the value of your dollar eroding to a value of less than 4 cents over the past 100 years. The present day threat has to do with the outright theft of your bank account by new IMF policies.  

These same bankers, who have deflated the dollar and wrecked the economy, are coming after your pensions, as I have written about; and now the banksters want your bank accounts.

The IMF Is the Enforcer of the Global Elite

IMF director, Christine Lagarde, has been recklessly advocating for a wholesale seizure of 10% of all accounts in the Eurozone, but because there may be riots and even a revolution if there are wholesale bail-ins, the IMF has settled on a more incremental plan of economic subjugation in a which a 10% tax will implemented against all bank account holders in order to pay down the debt.

What the IMF and the central bankers are not telling you is that the debt can never be paid down because the primary source of the debt comes from the derivatives market which totals a minimum of one quadrillion dollars which is 16 times the entire value of the planet. In short, these banksters are merely trying to stay one step ahead of the burning bridge by stealing your pensions and bank accounts. And does anyone truly believe that these banksters will stop at looting just 10% of your bank account? When does 10% become 20%, which becomes 30%, which becomes 100%? This will be followed by the bankers issuing a neo-feudalism style of welfare to all citizens. Mark my words America, the 10% “tax” is just the starting point.  

Selling the “Tax” As a Tax on the Rich

The ultimate "gold-digger"

The ultimate “gold-digger”

The IMF has repackaged Lagarde’s recommendation for a 10% tax on all banking accounts and is recommending that all developed countries make up their debt load by “taxing the rich”. This is the same game, just a different name. This game of semantics is based upon the belief that the people of ordinary means will accept a 10% initial hit on their savings so long as the rich are sharing in the pain. Really? Since when have the rich ever shared in the burden for anything? Last year, Warren Buffet bragged that his secretary paid more tax than he does. The rich do not pay tax, they are allowed by the IRS to accept payment for their services in off-shore foreign banks that the IRS does not solicit information from. You and I do not have access to the same tax evasion schemes because it often takes a minimum of $30-50 million dollars to open such an account in places like the Cayman Islands. Therefore, when Lagarde’s IMF tells you that you are going to be taxed (i.e. 10% of your bank account stolen) at the same rate as the rich, do not believe Lagarde and the IMF because they are lying through their teeth.

The coming global tax will be instituted through the central bank of each nation. This means that in the US, the Federal Reserve Banks of Bank of America, Wells Fargo, JP Morgan Chase et al., will be impacted. This means that the tax-dodge banks used by the global elite in the Cayman Islands will be exempt from this “tax” because they are not under the direct authority of a central bank.

Ask yourself, when you have been standing in the teller lines at the Bank of America, how many times have you seen Bill Gates, David Rockefeller, Warren Buffet, George Soros  and Donald Trump in the same teller line next to you? These banksters will not pay one dime in tribute to the IMF.  This entire burden, just as it is with the tax system, will be paid by the middle class of each nation. The elite do not bank where you do.

Global Elite Finance As a Second Language

If you want to truly understand where this is headed, you must become fluent in the language of the global elite and the first prerequisite understanding that you must acquire is that no developed nation is taxing the rich to any significant degree. A nation can say they are taxing the rich and they can even pass laws which state that they are taxing the rich, but no nation is truly taxing the rich. If a nation was to decide to actually to tax the rich, the money of the rich, and their corporate assets, would leave that country so fast that your head would spin because the developed nations of the world are in a race to the bottom in terms of recruiting corporations to relocate to their country by offering corporations and their elite owners huge tax incentives while passing along the corporate and banking debt load to what’s left of the middle class. Therefore, what does tax the rich really mean?

The New Version of Taxing the Rich

The statement, taxing the rich means that the elite are going to introduce what appears to be a universal program which will, on the surface, appear to tax everyone the same in order to pay for the massive debt that is crushing every country on the planet, namely, the derivatives debt.

In the last section of the 10% tax requested, in the IMF report, on page 58, it states the following:

“The tax rates needed to bring down public debt to precrisis levels, moreover, are sizable: reducing debt ratios to end-2007 levels would require (for a sample of 15 euro area countries) a tax rate of about 10 percent on households with positive net wealth... Simulations show that maintaining the overall budget at a level consistent with the IMF staff’s medium-term advice would bring the average debt ratio to about 70 percent of GDP by 2030, although in a few countries it would remain above 80 percent. However, the large debt stock, the uncertain global environment, weak growth prospects, and the absence of well-specified medium-term adjustment plans in systemic economies like Japan and the United States complicate the task.

 

The Expatriation Option

This above-mentioned IMF analysis tells you quite clearly that their “debt reduction” plan is coming to Japan and the United States. So, perhaps you will decide like record numbers of Americans have already done, that it is time to go to a country such as Costa Rica or Norway and take your money with you. While it is true that you might be able expatriate to one of these countries, taking the bulk of your money with you is going to be a fundamental problem.

jp morganJP Morgan Chase has announced that they are stopping international wire transfers from private accounts and are limiting account holders to less than $50,000 cash withdrawals. In the past couple of days, HSBC (America) has announced the same basic policies. I expect that within the next 30 days, the Bank of America and Wells Fargo will follow suit. This is clearly a move designed to prevent capital flight from the United States so that the bankers will have easy access to your funds. Let’s take a big picture view, shall we? There can be no other conclusion than this nation’s megabanks are locking up the money supply that they have control over in preparation of implementing the 10% “tax” on you money.  

Even if you decide to give your money one small extra layer of protection and move it into a credit union, and then move your money out of the country, your efforts will largely fail. Because the $50,000 transfer prohibition applies to the transfer of your money to domestic banks as well. The banks are telling you that they own your money, and legally they are correct. Very soon, this expatriation option will disappear.

Your Bank Account Has No Protection

fdic protectionThe FDIC has only about $25 billion in its deposit insurance fund, which is mandated by law to keep a balance equivalent to only 1.15% of insured deposits. If a banking collapse were to be on the near horizon, the banksters are not going to notify you because they would not want to incite a bank run. With only 1.15% of all deposits being insured by the FDIC, your money would be left vulnerable and only the elite would be warned as they quietly transfer their money to a safer haven. How do I know this? Because this is exactly what my research discovered on the money movements preceding the Gulf oil spill, as it ws revealed that on the morning of the explosion, Goldman Sachs issued a “put option for preferred insiders” in Transocean (the owner of the Deep Water Horizon oil rig) and the elite had their stock profit margin guaranteed while everyone else took a financial bath! This is the undeniable pattern of the global elite.

Additionally, your bank account has been collateralized against the derivatives debt. The bankruptcy reform laws stemming from the Bankruptcy Reform Act of 2005, derivatives counter-parties are given preference over all other creditors and customers of the bankrupt financial institution, including FDIC insured depositors. This gives what the experts call “super priority” in terms of the line of succession from which to collect bankruptcy monies. Bank of America has conspicuously co-mingled their derivatives debt with your savings account and as such they have every legal right use your money to cover their debt. Oh, they would never do that you say?  I have bad news for the uninformed, they already have done that very thing. In the MF Global debacle, the reason that MF Global  customers lost their segregated account funds was because the MF Global debt load was caused primarily because of their derivatives debt which, under bankruptcy laws, gave derivatives claimants super-priority in the bankruptcy proceedings. In short, you do not matter.

A Message to All Police State Surveillance Grid Employees

Hey NSA, while you are watching us, the IMF is watching your pensions and bank accounts.

Hey NSA, while you are watching us, the IMF is watching your pensions and bank accounts.

To all of you in the NSA who are spying on Americans to determine who has been naughty or nice, your banks accounts and pensions will soon be gone as well. To all military and police, the same is true for you too. It does not make sense for any American to go along with this tyranny. Why would you people fight on the side of those who would rob you blind at the end of the day? Expatriate or Fight? The options are narrowing very quickly.

Tick, tick tick…..It is 5 seconds to midnight.