There are fewer and fewer people alive today who remember President Franklin Delano Roosevelt's bank holiday and subsequent confiscation of gold under Executive Order 6102 back in 1933, and even fewer who understand what individual control over their own money really means. In fact, despite the Credit Crisis that nearly collapsed the Western banking system and brought about the concept of depositor bail-ins just seven years ago, most Americans and Europeans still trust the system and their government to hold their bank accounts, retirement accounts, and paper assets sacrosanct.
But history has shown that greed is a very powerful elixir, and very few if any institutions can withstand the corruption it brings over the course of time. And while the vast majority of people find it difficult to believe that the government would ever pass a law to take their money held in a bank, broker, or retirement account, one such government is suddenly becoming ground zero for just that potential action.
Over the Christmas holiday, data points tied to a collapsing housing bubble and a destruction in Canada's oil industry has led the city of Ontario to publicly beg its citizens to help bailout the government as the municipality finds itself on the cusp of bankruptcy, and without hope of paying off $300 billion worth of debt it has accumulated.
Ontario Premier Kathleen Wynne is asking that you consider giving your money to the Ontario government as well.
For a mere $21,000 for every man, woman and child in the province, Ontario could be debt free.
No, this is not some kind of holiday joke about the Grinch who stole Christmas.
And, no, voluntarily donating to the government isn’t in lieu of paying taxes.
It is in addition to them.
Canada’s largest province has asked its taxpayers to donate their hard-earned money to the cause of bailing out the much indebted provincial government.
On top of paying among the highest taxes in North America, and coping with skyrocketing hydro prices — hikes directly caused by the decisions made by this Liberal administration and the previous one — the Wynne government wants more.
Treasury Board Chair Deb Matthews made the bold request last week, and specifically asked folks to donate their tax return rebate to help pay off the provincial debt. - Toronto Sun
Following the 2008 Credit Crash and subsequent Great Recession, former Speaker of the House Nancy Pelosi proposed a bill that would have nationalized all 401K's, IRA's, and pension accounts under government control to help subsidize the then $14 trillion in national debt. This bill never made it to the House floor, but since them the debt has risen to over $19 trillion and the same government has instituted two other schemes such as President Obama's MyRA program, and the Treasury Secretary's move of public pensions into U.S. Treasury debt that is as un-payable as Ontario's debt appears to be.
(Just read Secretary Lew's words during the last debt ceiling debate where Social Security would be un-payable without allowing the government the power to borrow more money)
The overall point is that the world is finally finding itself forced to pay the piper after years of irresponsibility and unsound financial practices that place global debt at a whopping $230 trillion, or
300% over the world's annual GDP. And if anyone is wondering why the G20 is now forcing all Western nations to pass Bail-in laws to have you and I pay for the next financial crisis, all one has to do is look at what is taking place in Venezuela, Argentina, and now Canada to see that the Day of Reckoning is now upon us.
So if any cash, savings, or retirement accounts held by governments, or in banking institutions is as vulnerable as it was 80 years ago during the last great bank holiday, what alternative is there for you to protect your wealth, get it offshore and away from any potential confiscation, and into something that is not readily taken by these now insolvent institutions?
You can do this with a company called Karatbars
Buying gold through Karatbars is one of the easiest things on the net. In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.
And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system. From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet. And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.
But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate. Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money? And there is never a mandatory requirement to buy beyond what you desire, on your own schedule. And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.
The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold. And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?
To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.