Governments and Banks stealing your money

[The Artist]

https://www.zerohedge.com/news/2013-09-26/cyprus-style-wealth-confiscation-starting-all-over-world

Thoughts on this?

Personally it is sickening and for the average joe with some savings/pension, this could end up pretty bad considering the state of the UK economy.

[fatpies]

Er this is normal day to day business of banks and government, via debasement and inflation. Even Marxists are pro-inflation and debasement.

People in Cyprus are angry at the governments and banks for their bail ins and stealing of money.

Except the UK government and banks have been stealing just as much if not more for a long time. The overt money printing for instance devalued everybody's savings by 20%.

While normal day to day inflation cuts the purchasing power of your money in half every 7-8 years. I alluded to this in the politics thread. Back in the 1990s £2.15 an hour was better than £6.20 an hour today.

We see this every now and again, like the horse meat whereby suppliers switch to cheaper substitutes because the price goes up so much.
____________________
"It's easy to attack and destroy an act of creation. It's a lot more difficult to perform one"

[Hetzer]

Considering that no human being has any 'right' to obscene wealth (more than £50k in liquid savings) I think the 'haircut' is natural justice.

But it needs to be applied to every single rich person, including the elite filth with their hundreds of millions and billions.

The era of the sociopath parasites needs to end.
____________________
"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"

[Nick__C]

[fatpies]

[Hetzer]

Consider how much a human in nature could have and own at any one moment in time and apply that generally to humans in current society.

And before you ask "what, then, would motivate humans to strive" consider how people risk their lives monumentally for nowt but baubles (medals).

People are sick to their back teeth with living each day in financial fear of losing everything despite working their tits off while football players and etc etc etc live the life of obscene o'reilly for doing fuckall AND posturing it in everyone's faces. That shit needed to stop decades ago, never mind now.

The only reason the public puts up with it is they're fucktarded enough to believe the fantasy it could one day be them. Oh, it could, they might win the lottery!
____________________
"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"

[Mark_F]

It's not the money per-se that they're nicking (after all the gov't legislates what "money" is and supplies it), it's the value of our work that they're nicking, along with a large percentage of the time that we're alive.

[Ste]

Siggi-esque robbers steal money from banks.

[_Will_]

It's another chess move into voluntary mass slavery.

Hetz, you may like this channel on the yootubes - have a look-see.

https://www.youtube.com/user/StormCloudsGathering?feature=watch
____________________
Past -Honda qr50 | 2004 Peugeot Tkr s 50| | 1996 Yamaha XJ600s Diversion|

[Rogerborg]

[N cee thirty]

There isn't a land grab for no reason.
____________________
'00 Aprilia RS50 > '92 Honda CG > '99 Yamaha Fazer > '91 Yamaha RXS > '79 Suzuki X5 > 01' Honda Cg > 07' Honda Cg > 82' Kawasaki Z200 > suzuki gsxr 400 gk73a > honda vfr 400 NC30 Mod 2 Passed 09/06/2011

Jewlio Iglesias wrote: I actually did vote BNP once

[Hetzer]

[_Will_]

Another pretty good/informative video, it's just a shame they only seem to be followed by shameless plugs usually for gold or such.

https://youtu.be/iFDe5kUUyT0
____________________
Past -Honda qr50 | 2004 Peugeot Tkr s 50| | 1996 Yamaha XJ600s Diversion|

[Derivative]

Hetzer, come on, now. £50k? Really? Is that a joke? Troll? WTF?

So if I want to buy a house for £100k, I have to get a mortgage? Or am I just not allowed a house? Or must I buy 60 gold bars, or invest in some sort of expensive object that's not easily liquidated, because holding liquid wealth is somehow a Bad Thing?

I'll almost certainly cap your limit within two or three years and I'm just your average boring sod earning below the median wage.

According to HMRC 25% have more than £76k net worth (home equity + investments/savings) and 5% have more than £270k.

It may not be 'liquid', but it's fairly easily convertible. Their wording is 'marketable wealth'. Within a few months you could sell up, rock up at the bank and make yourself some wallpaper out of fifties.

I could understand £500k or £1m perhaps. You're then talking about 'I own an actual lifetime wage of someone on NMW'.
But you're talking about a sum that is just about enough to buy a home in an ex-council estate in the North East? An amount that a good half of the working population could trivially save within a decade?

[smegballs]

[Polarbear]

[Derivative]

[The Artist]

Inflation is 2.8% at the moment I think.

Which is why I bought a decent amount of BTC over the last 2-3 months.

[fatpies]

[The Artist]

[Derivative]

I'd just use the price of housing as an inflation index. I think the reasoning for doing so is quite obvious - it makes up the vast majority of my budget and I'd imagine most others.

Very rough figures (because I don't actually see that much value in calculating it down to decimal places - past performance is no guarantee and all that).

House prices averaged about 5-6% a year (1983-2013).

Over the same period the BoE base rate has averaged 6-7% and the FTSE100 has returned roughly 9%.

So it's perfectly viable to match inflation via savings/investments, even if you just go for bog standard instant access account. There's the odd year where it'll look like you're doing badly but over the last three decades it's all worked out.

[_Will_]

Well at least some people are expecting a rise:

https://uk.reuters.com/article/2013/10/22/uk-britain-bankerbonuses-idUKBRE99L1L220131022
____________________
Past -Honda qr50 | 2004 Peugeot Tkr s 50| | 1996 Yamaha XJ600s Diversion|

[unitynotsocri...]

paper is paper .It is ALWAYS the property of the issuing bank .

Buy gold,silver,land....land...not 'houses' .
____________________
nearly a normal tax paying tosser.......with ferrileness suzi100,cg125,cb125scb100n,cb175,cd100,cj250t,kh250,c15,125 bantam,super 6,rickman gs750,xt500,250rs,dt175,lifan125,dolomite1850,metro,Morris220ld,morrisfg,leyland princess,range rover,corsa,vw camper .now struggling with legs. MORE ORDER = MORE CHAOS

[_Will_]

But, but, but......we're all in it together

https://news.sky.com/story/1168529/mps-in-3-6m-back-door-funding-scandal
____________________
Past -Honda qr50 | 2004 Peugeot Tkr s 50| | 1996 Yamaha XJ600s Diversion|

[Tungtvann]