Confiscation of Gold - Capital Controls - Re-Valuation

[Reality Check]

Governments using the police powers of the state to obtain records on the location of private bank accounts: http://www.latimes.com/news/nationworld ... 7753.story

Back when I was a kid - their were a bunch of "old couts" who sat around BS-ing, drinking and making vague references to "conspiracy theories" about the "government" confiscating gold and changing the value of money.

These sounded crazy. The world for "us young Baby Boomers" was safe and secure and the opportunities were endless.

Of course they, the old couts, lived through the U.S. government's confiscation of gold and the overnight re-valuation of money where one day 35 dollars was worth 35 dollars and the next day it was only worth 19.xx dollars. Then, for years after that, everyday, the President of the United States would wake up and decide if the value of the dollar was going to change again. When the President did decide to change it, it was always less, never more.

All the people with a living memory of those events are dead, or retired and concerned with other things, like living with old age and illness.

Once again there are powerful forces pushing the elites of governments to find ever more creative ways to deal with the ongoing financial crisis.

The power to control things is also the power to avoid, or at least delay, being held accountable for past mistakes and past bad acts. The power to track things is also the power to confiscate through taxes, or, as in the case of gold, the power to just plain confiscate.

The US government elites and EU government elites have been pushed up against the limits of what they have the legal power to track, the legal power to control and the legal power to tax. Money has been able to cross borders and U.S. citizens have been able to buy gold again for the past couple of decades.

The U.S. government has been pushing back. Buried in the Obamacare law are, among other changes having nothing to do with health care, changes to the power of government to track the transfer of gold. Anyone selling more than a few hundred dollars worth of gold, is now, thanks to Obamacare, required to file a form with the Federal Government. Other legislative law changes and regulatory law changes have also been made in the past few years to require the detailed reporting of money transfers into, and out of the United States of ever smaller amounts of funds. Failure to report money moving across the border results in confiscation and forfeiture. Foreign banks must now report the deposits and transactions of U.S. citizens or risk losing the foreign bank's access to the international banking system.

The cry is going out in governments around the world. Obama repeats it over and over again. Those with money must pay their "fair share" to the government. The new socialist government of France is using the same slogan. Those with money must "pay their fair share" to the government. Of course those who are buying just a few hundred dollars worth of gold are not wealthy, but they do have some money, and you can not confiscate what you do not know exists.

What happened in the 1930s is happening again today. But we do not remember what happened then. So we will have to live it for ourselves. And learn for ourselves what the down sides are to allowing the government to control the value of our money.

[justintnbk12]

Everywhere, seems like Swiss Bank is like a hideout for tax evaders. Is there any law written yet for their records to be transparent?