Obamacare Fines to be Seized From Bank Accounts?

Man who attempted to sign up claims he was threatened with drivers license being revoked, federal tax lien on home

Paul Joseph Watson
Infowars.com
October 2, 2013

A man who attempted to sign up for Obamacare online was told that a fine of over $4,000 dollars a year for refusing to take out mandatory health insurance could be taken directly from his bank account, and that his drivers license would be suspended and a federal tax lien placed against his home, according to an entry on the HealthCare.gov Facebook page.

Image: Obama signs the Affordable Care Act.

If true, the implementation of Obamacare is going to be a whole lot more draconian than Americans have been led to believe.

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Americans warned bank ‘bail-ins’ coming

Experts say institutions will grab deposits without warning

WASHINGTON – With the United States facing a $17 trillion debt and an acidic debate in Washington over raising that debt limit on top of a potential government shutdown, Congress could mimic recent European action to let banks initiate a “bail-in” to blunt future failures, experts say.

Previously the federal government has taken taxes from consumers, or borrowed the money, to hand out to troubled banks. This could be a little different, and could allow banks to reach directly into consumers’ bank accounts for their cash.

 Authority to allow bank “bail-ins” would be in lieu of approving any future taxpayer bailouts of banks that would be in dire need of recapitalization in order to survive.

Some financial experts contend that banks already have the legal authority to confiscate depositors’ money without warning, and at their discretion.

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Cyprus Banking Confiscation is Spreading

Cyprus-Style Wealth Confiscation Is Now Starting To Happen All Over The Globe

Michael Snyder
Economic Collapse
September 25, 2013

Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again.  In fact, Cyprus-style wealth confiscation is already starting to happen all around the world.  As you will read about below, private pension funds were just raided by the government in Poland, and a “bail-in” is being organized for one of the largest banks in Italy.  Unfortunately, this is just the beginning.  The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe.  It is only a matter of time before we see this exact same type of thing happen in the United States as well.  From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish.

Let’s take a look at a few of the examples of how Cyprus-style wealth confiscation is now moving forward all over the globe…

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Poland confiscates half of citizens’ pensions

Attempt to delay European nation’s looming debt crisis

(WND) NEW YORK – Quietly, as the looming possibility of a U.S. military attack on Syria dominated news internationally, the government of Poland announced a decision to confiscate half of the nation’s pension funds in an attempt to delay an impending government debt crisis.

While details remain hazy, Reuters reported Sept. 4 that Polish Prime Minister Donald Tusk announced a government decision to transfer to ZUS, the government pension system, all bond investments in privately owned pension funds within the state-guaranteed system.

 For now, private pensions in Poland will be allowed to keep equity investments that in the Polish state-guaranteed pension system tend to be approximately half of all private pension investments.