Bulls make money,
Bears make money,
Pigs get slaughtered.

THE DESCENT BEGINS ...

THE 3-STAGE PLAN FOR DECOUPLING THE MEDIUM SECTOR

FROM THE

 

 

(INTERNATIONAL MONETARY FUND)

 

THE INTERNATIONAL MONETARY FUND (IMF) RECOMMENDS HEALTHY COUNTRIES TO "MOBILIZE DOMESTIC REVENUES" IE "AGGRESSIVELY TAX ITS CITIZENS."

HE RECOMMENDS A SERIES OF ESCALING INCOME AND EXCISE TAX INCREASES - CULMINATING IN DIRECT CONFISCATION OF ASSETS.

WHY IS THE IMF PROPOSING THIS?

AS GLOBAL GOVERNMENTS AND CENTRAL BANKS PUMP BILLIONS OF DOLLARS INTO THE BANKS AND STOCK MARKETS FOR YEARS, THE PUBLIC DEBT WILL RISE BY THE DOUBLE-DIGIT BILLIONS.

NOW GOVERNMENTS AND CENTRAL BANKS CANNOT MAINTAIN THIS DEBT LEVEL ANY LONGER AND GLOBAL WEALTH CONFISCATION BECOMES THEIR DESPERATE WAY TO MAINTAIN THIS "PONZI SCHEME".

THE DRAMATIC DETERIORATION IN PUBLIC FINANCES IN MANY COUNTRIES HAS REGENERATED INTEREST IN A "WEALTH STATE". THE IMF THEREFORE RECOMMENDS A ONE-TIME TAX ON PERSONAL WEALTH AS AN EXTRAORDINARY MEASURE TO RESTORE DEBT SUSTAINABILITY.

HIGHER TAX RATES WILL BE NEEDED TO REDUCE PUBLIC DEBT. JUST REDUCING THE DEBT RATIO TO END-2007 LEVELS WOULD REQUIRE A TAX RISE ON ABOUT 10 PERCENT OF HOUSEHOLDS WITH POSITIVE NET W

SO THE IMF WANTS TO COLLECT 10% OF YOUR PERSONAL SAVINGS IN ADDITION TO THE TAXES YOU ALREADY PAY.

BUT IS THIS JUST THE BEGINNING OF THE PROPOSED PROPOSAL FORECASTS?

THE IMF PROPOSAL SHOWS US THE CLASSIC WAY ALL GOVERNMENTS CAN WORK TOGETHER TO TRACK THEIR CITIZENS' SAVINGS AND COLLECT TAXES.

MONEY WEALTH IS MOBILE, JUST LIKE PEOPLE. THE TAXATION OF DIFFERENT FORMS OF WEALTH WILL HAVE TO ADJUST TO THEIR MOBILITY IN THE FUTURE. AS INTERNATIONAL COOPERATION FURTHER INCREASES, IT WILL MAKE MORE DIFFICULT FOR THE WEALTH TO ESCAPE TAXES BY PLACING FUNDS ELSEWHERE.

IMF ECONOMISTS WELL KNOW THAT THERE ARE NOT ENOUGH WEALTH PEOPLE TO SUPPORT THEIR (WESTERN) GOVERNMENTS EVEN IF THEY COULD TAX 100% OF THE WEALTH OF THE TOP 1%. WHICH MEANS ANY HOUSEHOLD WITH POSITIVE NET WEALTH WOULD BE DEPRIVED OF THE IMF FORMULATION AFTER ITS VALUES.

EVEN SUCH LOOKING OF PRIVATE PROPERTY WILL NOT BE SUFFICIENT TO PAY WESTERN GOVERNMENTS' DEBT OR FUND BUDGETS. IT WILL ONLY RESTORE "DEBT SUSTAINABILITY" TO HOLD BOND MARKETS UNTIL THE NEXT CRISIS WHICH WILL NEED STRONGER MEASURES COME.

AND SHE WILL COME.

IF THE POLITICIANS ENGAGING IN THIS KIND OF MASS HEARD FAIL, THE FOLLOW-UP SCENARIO WILL BE GOVERNMENT BANKRUPTCY AND HYPERINFLATION. ANYWAY, THE IMF DOES NOT PROPOSE TO RESPONSE TO THE PONZI SCHEME WHICH IS DRIVING US TO BANKRUPTCY.

THE MODERN CLAIMED STATE TAKES OVER CAPITAL MOVEMENT CONTROL AND BLOCKS THE EXITS WHILE THE LITERALLY FOUR WOLVES AND A LAMB VOTE ON WHAT TO HAVE FOR DINNER.