IMF RECOMMENDS INDEBTED GOVERNMENTS TO CONFISCATE CITIZENS' ASSETS
The United States has an official national debt of a mind-boggling $18.93+ trillion. The national debts of other countries are even worse.
The debt-to-GDP ratio is a measure of a country’s debt compared to its economic output, which is calculated by dividing its national debt by its GDP, which is the total output of all goods and services of a country and is the primary measure of economic growth or the lack thereof. To illustrate, if the national debt is $1.5 million and the GDP is $1 million, then the debt-to-GDP ratio is:
$1.5m ÷ $1m = 150%
Here are the top 7 worst countries in debt-as-a-%-of- GDP as of September 2014 (Forbes):
When your debt exceeds your GDP, the prospects of ever paying off that debt are near non-existent, unless the country experiences a sudden and enormous burst of economic productivity.
The debt situation is so dire that in 2013, the International Monetary Fund (IMF) recommended to indebted governments not just higher taxes, but confiscation of citizens’ assets.
More perversely still, the IMF’s recommendation of assets-seizure is intended merely to make the national debt “sustainable,” not to actually pay off the debt.
Note: The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., of “188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."
Formed in 1944 at theBretton Woods Conference, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. Countries contribute funds to a pool through a quota system from which countries experiencing balance-of-payments difficulties can borrow money.
As of 2010, the IMF fund had about US$755.7 billion. Since July 2011, the IMF’s managing director is a French politician named Christine Lagarde.
Bill Frezza reports for Forbes, Oct. 15, 2013, that in its October Fiscal Monitor report Taxing Times, the IMF paints a dire picture for advanced economies with high debts that fail to aggressively “mobilize domestic revenue."
The IMF recommends that drastic measures are called for, from increasing income and consumption taxes to the direct confiscation of assets in the form of a “capital levy” — a “one-off tax” of about 10%, not on the super rich, but on all households with “positive net worth,"
i.e., everyone with retirement savings or home equity.
The IMF counsels that it’s best that such a tax be “implemented before avoidance is possible and there is a belief that it will never be repeated,” never mind the fact that high earners have been forking over more money, a higher percentage of their gross income, and a larger share of aggregate national tax revenue in recent years.
Amazingly, the IMF regards this confiscation of at least 10% of all private “wealth” to be merely “an exceptional measure to restore debt sustainability,” which means:
Forbes opined that “If ever there were a roadmap for prompting massive capital flight and emigration of productive citizens toward capitalism’s nascent frontiers in Asia, this is it.” But the IMF has already anticipated that with a suggestion on how governments can restrict the mobility of the rich:
Dr. Eowyn’s post first appeared at Fellowship of the Minds.
http://www.dcclothesline.com/2016/01/27/imf-recommends-indebted-governments-to-confiscate-citizens-assets/
The debt-to-GDP ratio is a measure of a country’s debt compared to its economic output, which is calculated by dividing its national debt by its GDP, which is the total output of all goods and services of a country and is the primary measure of economic growth or the lack thereof. To illustrate, if the national debt is $1.5 million and the GDP is $1 million, then the debt-to-GDP ratio is:
$1.5m ÷ $1m = 150%
Here are the top 7 worst countries in debt-as-a-%-of- GDP as of September 2014 (Forbes):
- Japan: 227.2%
- Greece: 175.1%
- Italy: 132.6%
- Portugal: 129%
- Singapore: 105.5%
- USA: 101.5%
- Belgium: 101.5%
The debt situation is so dire that in 2013, the International Monetary Fund (IMF) recommended to indebted governments not just higher taxes, but confiscation of citizens’ assets.
More perversely still, the IMF’s recommendation of assets-seizure is intended merely to make the national debt “sustainable,” not to actually pay off the debt.
Note: The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., of “188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."
Formed in 1944 at theBretton Woods Conference, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. Countries contribute funds to a pool through a quota system from which countries experiencing balance-of-payments difficulties can borrow money.
As of 2010, the IMF fund had about US$755.7 billion. Since July 2011, the IMF’s managing director is a French politician named Christine Lagarde.
Bill Frezza reports for Forbes, Oct. 15, 2013, that in its October Fiscal Monitor report Taxing Times, the IMF paints a dire picture for advanced economies with high debts that fail to aggressively “mobilize domestic revenue."
The IMF recommends that drastic measures are called for, from increasing income and consumption taxes to the direct confiscation of assets in the form of a “capital levy” — a “one-off tax” of about 10%, not on the super rich, but on all households with “positive net worth,"
i.e., everyone with retirement savings or home equity.
The IMF counsels that it’s best that such a tax be “implemented before avoidance is possible and there is a belief that it will never be repeated,” never mind the fact that high earners have been forking over more money, a higher percentage of their gross income, and a larger share of aggregate national tax revenue in recent years.
Amazingly, the IMF regards this confiscation of at least 10% of all private “wealth” to be merely “an exceptional measure to restore debt sustainability,” which means:
- The IMF knows there are not enough rich people to fund today’s spend-thrift governments.
- Confiscation of private property will not pay off national debts, but will merely “restore debt sustainability,” allowing free-spending politicians to keep borrowing.
Forbes opined that “If ever there were a roadmap for prompting massive capital flight and emigration of productive citizens toward capitalism’s nascent frontiers in Asia, this is it.” But the IMF has already anticipated that with a suggestion on how governments can restrict the mobility of the rich:
“Financial wealth is mobile, and so, ultimately, are people. … There may be a case for taxing different forms of wealth differently according to their mobility … Substantial progress likely requires enhanced international cooperation to make it harder for the very well-off to evade taxation by placing funds elsewhere.“See also:
- Ex-GAO head: US debt is three times more than you think
- Why the U.S. national debt is past the point of no return
- 5 signs that U.S. and world economy is in trouble
- Sunset for America: Obama’s budget proposal forecasts long-term economic stagnation
Dr. Eowyn’s post first appeared at Fellowship of the Minds.
http://www.dcclothesline.com/2016/01/27/imf-recommends-indebted-governments-to-confiscate-citizens-assets/
13 comments:
If you haven't exit yet of the USA INC now's the time to do it, it is owned by the U.N. and is 100% deception all of it.
Any desire you have to be safe or even saved during the times to come means you must fully abolish any desire to be part of USA INC (Kmart Co) and burn virtually every tie you have to it.
USA INC is going to totally extinguished, and I mean by that there is very little chance anyone within it survives. Including the transition. Get out of it before its too late, there is no "promise to pay" or any bull***** about the name estates belong to you.
All of that is just a scheme to rope you back in, remember nothing about those estates belong to you or anybody else. Give them up in total and exit if you wish to have any chance of living.
These people who are afraid to exit know they have made the decision to get what they get.
If we step back and actually see things as they are, [ not how people pretend it is ].
In a world of contracts, it is not slavery if you agree to work for someone to receive something in return. That agreement is in writing, maybe you shook hands, or shook your head yes, or gave a thumbs up in agreement. That's fine. If the one you work for tells you; you'll work overtime but there is no additional pay and you don't quit then you agree. It's understood you agree because you still come to work.
This info is the same type of notice.
If you want to continue to be a citizen you will pay for their theft of your property.
They have stolen through liquidation of our estate in foreclosure, bankruptcy, stock market manipulation, money supply manipulation, and now they are sayingsaying those that belong will pay them to be able to say they are in the club. [ US Citizen ].
You answer yes, everytime they ask.
You do not know you belong to you.
You think you'd walk into heaven but you have chosen your God and he is a man.
You wait for the beast to arrive and you chose him to make decisions for you and get mad when he makes decisions for himself.
He is not deceiving you.
He is not making decisions for you.
You get what you agree to.
If you were in a contract, you get communication from the one you are in contract with.
None of you who are citizens can show a paper from those you say represent you that says,
Yes, such-and-such, I represent you.
But you join the group cause that's all you know and everybody you know is in. So if you call, they fall.
Save your future anger for yourself.
Moses and Noah prove that no matter what warning they gave, some people will not listen and when they so, its already too late.
You belong to you, so what happens to you is because of you.
This is cosmic knowledge even though you want to make it somesomeone else's fault.
I wonder who will be laughing in the pew when hillary gets indicted.
AND...THE SENIORS WHO DEPEND SOLELY ON SOCIAL SECURITY DO WHAT?
Oh that's simple since the law has a solution for everybody.
They either sign up someone up to be executor or starve without receiving any supplement at all.
Just like the rest of the world they too have a choice and can rely on neighbors and family if they have them.
Didn't the Queen of England absolve American citizens from being responsible for paying the corporate U.S.debt when she OK'd the passage of the 1986 Gold Bullion Act? What is the IMF thinking? They are an agency of the United Nations. They already pretty much think they have claim to everything. The Seventh Senate already banned private property ownership in this country so what are they going to take? We have already been defrauded of our life liberty and property by the corporation mortgaging everything we own including our bodies and our children. I guess we could give em hell and one heck of a brutal fight because that's all that is left. Last one to leave the battlefield, turn out the lights and lock the door.
Uh, I think a wise man once said it best.
Don't fight for what doesn't belong to you or fight a dying man's game.
If you all as indoctrinated CITIZENS take up arms against them and fight to the end, you will be guaranteed to lose, brutally.
In other words, even if you kill 70% of them you will in turn be killed because there is no divine providence for the affairs of men.
The affairs of CITIZEN CORPORATIONS are the affairs of men.
Hence the only way to avoid the calamity ahead, is to tear up your member card once and for all. It may seem very hard yet that's life.
The republic will undoubtedly win out over the affairs of men but only living men will have such a victory. All others are mere property, belonging to the state since all estates are fictions.
All good in theory but when they come to your door they will not care if you tore up your contracts or your social security number. The theory of taking yourself out of the system is not plausible because you have family and they will not do it. I would NEVER leave my family to fend for themselves in the system. IT IS TIME FOR THE GOOD MILITARY AND THE GOOD (NON- INFILTRATED) MILITIA, TO GET YOUR *SS*S AND GET MOVING NOW...ASAP...AND SEND A MESSAGE THAT WE ARE NOT GOING TO ALLOW THE FOREIGN CORPORATE MAFIA TO STEP FOOT ON THIS LAND ANY LONGER AND ALL CONTRACTS [FOR EVERYONE] ARE NULL AND VOID. STOP BEING SELFISH AND START THINKING ABOUT OTHERS WHO ARE DEFENSELESS AND MOST ARE SCARED AND YES...A LITTLE DUMB BUT WE [MUST] STILL LOOK OUT FOR THEM AND PROTECT THEM AGAINST THE FILTH FOREIGN CORPORATE MAFIA. NEVER LEAVE A MAN BEHIND!!! I WOULD RATHER DIE THAN ALLOW THE REST OF THE COUNTRY TO BE LEFT TO FEND FOR THEMSELVES. IF I AM STRONG ENOUGH TO BEAT THEM FOR MYSELF THEN I AM STRONG ENOUGH TO BEAT THEM FOR OTHERS.
Anon at 12:22 has it bass ackwards.
No one will come to the door of anyone who has denied consent. Also at 12:22 they also claim that none of their family can get out.
This too, is total fiction. God provides a way for all those who have to get out and he never fails to disappoint.
The idea that people can listen to the words of their spiritual books but not obey them to the very letter is why this nation is done. The republic will remain standing but through it all, anyone who selfishly assumed it didn't mean what it said is in for a very, very rude awakening.
You either exit the gates of babylon and have most of your family follow after, or don't be surprised when it all burns down. There is few times where one has to make the most difficult choices.
This is another one of those times or there wouldn't be thousands slain on the battlefield of babylon including the USA traitors.
There could have been an instant end to all of this.
But I did not consent.
The Book of Revelations might be your guidebook as to why...Babylon.
A great Harlot called Babylon must be totally and utterly demolished!!
Its words are indeed going to come to pass. With more severe punishments on the perpetrators than ever before, because mankind must learn to run.
When babylon is destroyed, you are supposed to get all the way out and stay the hell out of there or be consumed in the depths of its fire.
So he has willed it come to pass to be the end of all USA INC and so it shall be, he was related to the top Nephilim himself after all. Not angels.
His own flesh and blood was of them, and so...the desire to see all of babylon be utterly destroyed is absolute or final. Get out and flee, for nothing inside babylon will actually escape destruction!!
So you are saying that because of you, innocent people will be burned alive?
The UN troops will come in and burn people alive in their homes who didn't escape babylon the great, then they will shoot themselves in the head?
That is what you are saying isn't it?
That's exactly what he's saying at the moment.
Besides, they aren't innocent. None of them are.
They are all a part of this treasonous fraud and if you loathed your relatives as much as he does you'd want all the baddies and goodies within babylon to be destroyed too.
Oh by the way, you aren't helpless. Exit babylon now.
ITS ALL A FRAUD......UNITED WE STAND IN FRAUD INC, ONE HUNDRED YEAR ANNIVERSARY!!!!!
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