Tuesday 28 January 2014

The 'invisible​' will become 'visible'.​.....................from Rico

It won't be very long now when the 'invisible' tax of inflation becomes a very 'visible' tax. Painfully so.

The INVISIBLE tax. How your central bank and government steal from you in broad daylight.

- John Willams of ShadowStats (SGS) says it best: "The average Social Security check was $321 in 1980 and in 2011 was $1183 (adjusted for inflation). But, if that $321 in 1980 were to be fully adjusted for inflation acording to the way inflation was calculated in 1980 (cost of gasoline and food included), then that $321 should be $3,368 to have the same purchasing power today."

CONTEXT. Economist Laurence Kotlikoff calculates the REAL debt of the US Government to be $205 trillion.

- "The US is not only broke, but is in the worst shape of any developed country...worse than Detroit."

The VISIBLE tax. If your central bank and government are thieves in the best of times, what will they become when evrything turns to shit...nice people?

- For those who may or may not recall the Bank bail-in of Cyprus, it's time to think about national bail-ins. The same as with Banks, only now by Country...the same ones who caused the problem are going to punish the ones who did not by making them pay for it.

- Germany's central bank has just proposed a 'wealth tax' [read: capital levy, or more accurately confiscation of private wealth] on depositors to solve the insolvency of Euro-governments. Bail-in on a national scale.

- The attached is how much is wanted/needed to solve the problem. At least that is what these pathological liars are openly saying now. You can bet that (a) it won't be enough, (b) it won't ever be enough, and (c) it WILL be coming your way soon.

HOPE. When this all collapses, the best hope is that it will only be as bad as the Great Depression was, and not far worse...

- You know the expression about wishing (hoping) in one hand, right?



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