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Could It Happen Here?

March 25, 2013 by  

Dear Bob,

I’m reading with alarm about the EU’s actions in Cyprus. Can you foresee a time when the government tries to take our savings or close the banks?

M.G.

Dear M.G.,

There is precedence. You may recall that in 1933 President Franklin D. Roosevelt ordered banks closed and pushed through Congress the Emergency Banking Relief Act. Banks were shut down for four days and the government raided bank safe deposit boxes looking for gold, which it had just decided was illegal to own — despite the gold coins being legal tender in the U.S. The government is currently considering confiscating the retirement funds of Americans and converting them to bonds. I wrote about that here.

It is certainly not out of the realm of possibility that the U.S. government will decide to raid the savings accounts of Americans, close the banks for a period of time or revalue the currency. That is why I recommend keeping only the amount needed to cover monthly bills in the bank. At least one month’s worth of cash should be kept in a safe in your home, hidden away, to protect you from bank holidays or other emergency situations. Gold and silver are the only real money and I recommend everyone own some, especially junk silver. Junk silver is pre-1965 silver U.S. coins (dimes, quarters, halves and silver dollars). Because of their silver content they will retain their value no matter what the government does to currency. They will be readily acceptable in trade because they look like the coins we use every day.

Best wishes,

Bob

Bob Livingston

is an ultra-conservative American who has been writing a newsletter since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • csaaphill

    yep and soon too

  • Texas Ride

    Agreed, Mr. Livingston!

    This regime will confiscate anything that it decides it wants…guns, gold, property, your kids!

    • Don 2

      It happened before…..Democrat President Franklin D. Roosevelt confiscated peoples gold.

    • Doc Sarvis

      Goning on five years and it has not happened yet. There is NO indication that anything will be confiscated.

      • meteorlady

        So what do you call inflation? Is it totally caused by government overspending and their ability to pay the interest on their debt via devalued dollars.

        When Nixon took us off the gold standard the America people were promised that the manipulation of quantity and value of a paper dollar would avoid costly recessions, provide high employment, and produce strong economic growth. Internationally, we were promised that the devaluation of the dollar would reduce our trade deficit and improve the international competitiveness of American workers and businesses.

        Since we have been off the Gold standard:

        Unemployment rate has averaged over 6% and we have suffered the three worst recessions since the end of World War II. The unemployment rate averaged 8.5% in 1975, almost 10% in 1982, and has been above 8.8%.Compared to the post World War II gold standard era, which lasted from 1947 to 1970. During those 21 years of economic ups and downs, unemployment averaged less than 5% and never rose above 7%.

        Real economic growth has averaged 2.9% a year – more than a full percentage point slower than the 4% growth rate during the post World War II gold standard era.

        If we were still on the gold standard the median family income today would be about $70,000, or nearly 50% higher than it is today and the government would be collecting an insane amount of tax revenue.

        From 1948 to 1967, inflation averaged less than 2% per year. Interest rates were low and stable.

        The world has suffered from 12 financial crises, beginning with the oil shock of 1973 and culminating in the financial crisis of 2008-09 and now the debt crisis in Europe, and the growing deficit crisis in the U.S. Conversely, between 1947 and 1967, there was only one currency crisis, involving the British pound, and no major bank failures or Wall Street and corporate bailouts in the U.S.

        So inflation IS confiscation by the government. It’s a hidden tax on everyone in this country, even my children’s savings accounts because those dollars are worth less and less.

  • Doc Sarvis

    Ooooo. Fear. Fear. Fear. Hype & Fear.

    • Hedgehog

      Ooooo Doc Sarvis! Obfuscation, prevarication, hyperventilation, panic attack! Nyah,Calm down Doc! you’ve paid your dues to the Obamination. Any day now you’ll get your CERTIFICATE OF RECTAL OSCULATION, it’s in the mail.

  • Peter D Kimura

    This is the very reason why I view, read, ignore, and finally Delete from my e-mail files. Not sure where you get, what history you read or from what news sources these articles are base on, because none of what is in this Web-Site is true!! Which is also why I do not engage in foolish and pointless conversations with people who are totally misinformed and actually get it very wrong!!!

    • Ron

      goodbye and good riddance to a fool

      • Hedgehog

        I’ll second that Ron. All in favor?

    • Barbara

      Peter, you must be an Obummer fan and lover. Good luck, you’ll need it. Bob has always been right and I don’t trust the demoncraps.

    • STEVE E.

      See ya.

    • Gene

      If you don’t like it, why waste your time reading it? If it is foolish and pointless, why do you respond? This newsletter is optional and you could opt-out for getting further newsletters, but yet you don’t. Why not? Is it, in your opinion, to “keep tabs on the opposition’? Or are you just lonely, and have come to the realization that you really don’t know everything, but are too embarassed to reveal that little fact?
      Either way, I don’t care. Perhaps one day, you will find that this once-great country, ruined by liberal policies, was the greatest place to live.

    • Average Joe

      Peter D Kimura ,

      While it is nice that you have an opinion, that is all that you have…an opinion. To simply state that nothing written is true, shows a lack of intellectual fortitude on your behalf. If you think that something is untrue, take the time to do the research and prove it wrong with verifiable facts…otherwise you’re simply blowing smoke up your own backside.

      AJ

    • meteorlady

      ROTFLOL – A true liberal speaks. When the logical message doesn’t fit your brainwashed ideas, just refuse to read it, refuse to acknowledge it, or just call names and insult. If you actually took time to refute the statements made here you might actually find that some or most are true. But hey, you stay in your little liberal world and when the time comes to pay up I hope you will find someone other than us to help you out.

    • meteorlady

      OK so I have quit laughing and want to point you in a direction that will show you REAL TRUTHFUL and honest history. I have a minor in history and it DOES REPEAT ITSELF.

      Go out on the internet and study Venezuela and Argentina. They are prime examples of our direction and they are prime studies in social engineering and liberalism. Then come back and tell me that we are wrong here if you dare.

  • http://BobLivingston Richard

    Read pages 52-55 of the obamacare bill. They have already set it up to raid your bank account

    • Doc Sarvis

      I just read those pages at the certified version of the ACA site:
      http://www.healthcare.gov/law/full/patient-protection.pdf
      I saw nothing that refers to bonds or going beyond normal payment methods. Can you give me line numbers?

      • meteorlady

        So you didn’t see that part about the IRS having real time access to your bank account? WOW, how could you miss that?

  • Elda

    We have to make allowances for those that can’t handle the truth. They act on their feelings and when reality slaps them in the face they simply call the truth sayers names and go on their fairy tale ways. Problem is they are the ones that will come crying when their bank accounts are emptied and can’t run to the store for a loaf of bread. So, just pat them on the head and keep getting ready because one way or another it is coming. Just keep this small fact in the back of your mind and you will not loose focus….
    one MILLION second equals 12 days.
    one BILLION seconds equals 32 years.
    one TRILLION seconds equals 32,000 years.
    Now, for those of you that can’t see this for what it is, just think of the time as dollars.

  • http://twitter.com/HWLONE Harold (@HWLONE)

    In case no one noticed Fed has been stealing from savers for several years and is bragging it will continue for several more. When your interest rate is .5% or less and non existent inflation is much more then admitted that is stealing and they have taken more from savers here than Cyprus ask for.

  • http://GOOGLE PERRY HOLMES

    I have not had any of my money in any bank after 911 the government will take your money Obama wants to be the leader of the NEW WORLD ORDER. To be able to do that he must,take your weapons your money your home why do you think through out the world that there is a money shortage they [wish to kill as many people as they can]the bilderberg group wishes to control the world and have Obama as there leader!I do belive that Americans are smart and hope that they wake-up and stop this movement before it is to late.by voteing out of office the old and life long law makers.That are afraid of being one of us and be put in a FEMA CAMP with the rest of us thats just my opinon!!!!!!!!!!!!!!!!

  • http://alfredrferguson alfred

    “Could ‘they’–the government ‘do’ the unthinkable?” I’ll take my advice from a once-popular novel, Joe Heller’s “Catch 22″: “They have the power to do anything that we don’t have the power to stop them from doing.” “Catch 22″ should be read, and re-read, frequently to realize that “power tends to corrupt, and absolute power corrupts absolutely” (Emerson). Does anyone read Emerson anymore? Routine assignments when I was in school–in the “dark ages”–before the coming of. . .the way we live now.

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