When Private Property Isn’t Sacred
March 28, 2013 by Bob Livingston
When is your property not really your property?
When you have it in the bank? When it is land? When you have it in a retirement account? Try all of the above.
People with money in Cyprus banks learned the hard way that their government officials — especially the elites at the EU and the International Monetary Fund — consider money in savings accounts theirs for the confiscation. How else to explain the plan to give savings accounts a “haircut” of up to 13 percent in order the save the criminal banksters? New Zealand saw the plan and thought it was such a great idea that it co-opted it. The word “haircut,” by the way, is government doublespeak for theft.
If you have money tied up in land and you think that land is yours, think again. What happens if you don’t give the king his annual remittance in the form of property taxes?
And watch your 401(k), individual retirement account or pension fund carefully. Our own government is in the planning stages of converting them to Treasuries to fund government. But have no fear. It’s being done for your own good, because government thinks you’re too stupid to plan for your own retirement.
John Adams once said: “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Look at Cyprus and tell me that’s not what’s been happening.