Feds Rollout A Bold Idea To Trap YOUR MONEY!

07.01.2014    BY KELLY BROWN

Free market economists are not going to be happy about this...

A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets.

If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy.

Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets.

If you take a look around the globe, you’ll see several recent examples—almost always from countries experiencing a currency crisis:

• In Cyprus...some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and some are set to continue until year-end.
• In Iceland...capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets.
• In Argentina...citizens must pay an extra tax on vacations abroad.
• In the Ukraine...recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period.

http://goo.gl/HU8gTG

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Alarming Gov't Plan to Confiscate Your Savings

Written by Damon Geller

Governments have been confiscating citizens’ savings for decades through deficits, inflation and outright theft, and it's about to get worse.  Bankrupt governments will do whatever is necessary to survive and feed the welfare state, and they have never been more bankrupt than they are right now.  Look no further than Poland confiscating half of citizen pensions.  If you knew the government was going to steal your savings from you, would you do anything differently to protect your savings now?  It’s an important question to think about now, because they ARE coming for your money, and some newly-discovered facts prove it.

http://goo.gl/8FvrDh

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Socialist Canada is now more business-friendly than California

"Do you know what Obama's been doing while the rest of America is watching sports on TV?" Savage asked his audience, explaining:

Sixty thousand illegal aliens from Guatemala, mainly children, are being dumped on our border, because Obama opened the floodgates for them.

They're bussing them to Arizona because Texas won't take them in.

Obama wants them all to move here because he needs more Democratic voters.

Don't tell me they're all coming here to work.

They're coming here to suck the system dry.

They're coming here to wreck the school system.

Do you know how much money is being spent on teaching English as a second language?

In California, the schools were once No. 1, but now they're No. 32 under Jerry Brown.

The Service Employees International Union single-handedly elected him governor and destroyed the state.

Did you know that Sony Pictures is relocating from California to Vancouver to get better tax breaks?

Socialist Canada is now more business-friendly than California under Jerry Brown.

Visit the Michael Savage website here. 

The pope is Karl Marx in a papal outfit

"The pope is demanding the redistribution of wealth yet again," Dr. Savage said to his audience, adding:

This is the same pope who came from a socialist/Marxist era in his own country.

Now he's lashing out at those of us who work for a living.

In other words, once again, he's talking about "solidarity with the poor."

I have a suggestion, Mr. Pope: I am offering $1 million right now as an opening bid on the Sistine Chapel ceiling.

I'm pretty sure the sultan of Brunei will top my bid.

That way they could redistribute the wealth that begins in the Vatican itself.

I already pay 39 percent federal tax and 13 percent state tax, but that's not enough for the pope or Obama or the other Marxists on the planet.

Have you ever wondered how wealthy the Catholic Church really is?

The Vatican has billions in shares in the most powerful international corporations.

They also own great real estate. There's nothing wrong with that, but it's all worth billions of dollars.

It could be sold and redistributed to the poor of the world.

The pope is Karl Marx in a papal outfit.

Visit the Michael Savage website here. 

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My wealth is already being redistributed to deadbeats and bums

My wealth is already being redistributed to deadbeats and bums
Welcome to The Michael Savage Newsletter, your daily insider report on all things "Savage."

In today's issue: The issue of the redistribution of wealth continues to vex Dr. Savage, in the wake of the pope's statements on the topic.

Savage reminded listeners that the government is "already redistributing his wealth," breaking down the percentages of federal and state taxes he is obligated to pay.

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"I pay 39.7 percent in federal taxes," Dr. Savage told his audience, explaining:

Four of every 10 dollars I earn goes to Obama to distribute to his cronies and a bunch of deadbeat bums on welfare and food stamps.

Then (California Gov.) Jerry Brown rips me off at 13 percent, telling me he balanced the budget to give it to illegal aliens and unions.

These bums suck the social welfare system dry, take the money from me and then call me the bad guy.

I'm of a certain age. I've been working since I was 5 years old in one way or another.

What would be the incentive for me to continue working if the taxes reach the point where I'm paying 70 percent of my income in taxes?

Obama and Jerry Brown don't understand this because they've never worked a day in their lives.

There is a point at which productive citizens will stop inventing and producing things.

They'll just sit back and collect Social Security like everyone else.

Visit the Michael Savage website here.