Wealth Confiscation: Legislation and Mob Action
The first thing that came to my mind as protection from the “Income Inequality” meme steamrolling the world is the Hard Assets Alliance. Let’s take a look at the scenario we are facing.
Spending Is Rewarded, Saving Is Punished
While we speak primarily from the perspective of a U.S. Citizen, much of what we have to save about income inequality and the legislative wealth confiscation and redistribution by mob will be seen in other countries and continents as well.
If you own and Gold, Silver or other precious metals you are in the extreme minority – period!
Those who spend (nearly) every dollar they make live life to the fullest and usually know nothing of the word “no” or sacrifice. They take more vacations, buy the latest gadgets, have a boat for fishing. Damn the retirement fund, that’s what the company pension and Social Security are for, right?
The corporate (or municipal) pension is largely becoming a thing of the past, and Social Security was never meant to be something you could LIVE ON, it was supposed to be a SUPPLEMENT.
We all know the status of most state & local pension fund, how corporations redefined the game on pensions and the ponzi scheme of Social Security.
But what happens when the masses run out of money in retirement? They raise hell to the media and band together to vote for politicians who will take more from the workers to give to them. Until there is nothing left to take.
Mysteriously, it’s never the fault of those who do run out of money for not working hard enough or saving enough. Sure it’s tough, but why is it someone else’s problem?
Zero Interest Rates & Taxes Punish Savers
So those of us who do earn well and or make sacrifices to save, how are we being rewarded?
Even when one could get a reasonable return on his/her savings WITHOUT taking undue RISK the tax man would come along and make sure there was very little incentive to continue selfishly saving for your future when you should be squandering that money into the economy so some corrupt politician could TAKE CREDIT for a healthy economy.
And the Federal Reserve has promised us near zero interest rates for as far as the eye can see.
The only good news about zero interest rates is that there is less opportunity cost to holding physical Gold and Silver whether you store it at home or in the secure vaults of a service like the Hard Assets Alliance.
And, the perceived environment of low or non-existent inflation keeps the masses from pushing up the price of Gold and Silver allowing savvy investors like us to buy more at fantastic prices for a longer period of time – which will end soon.
Where Does Income Inequality Come In?
Income inequality is certainly both very real and quite tragic.
One of the key problems, though, lies in the lack of quality education that our government school system provides. Our youth learn that Heather can have two mommies and classes engage in weeks of Muslim studies while individuals are being banned from even carrying a Bible onto school property.
And so busy are administrators being politically correct that they cannot seem to find time to instruct these future employees that in order for a company to justify paying them ANYTHING let alone MORE the worker has to provide VALUE to the employer that somehow contributes to REVENUE.
To wit: how many of the working class feel that every cost a company must pay is merely a “tax break”? (If you personally are unclear on this concept simply write us a check for however large of “tax break” you would like and we will return to you clear, concise, CPA approved instructions on how to apply on your own personal 1040.)
Further, despite the extremely basic consumer economics class required or often even offered in a typical high school no student will ever be exposed to the truth of what said Federal Reserve has done to our currency in the 100 years of its existence. (See this post for GoldSilver.com’s brilliant Hidden Secrets of Money video series.)
The result is that much of our working population – if it doesn’t lack the discipline to work – lacks the knowledge or skills to provide VALUE to a company that would justify higher wages or salary.
Others who are either born lucky, have capital and know how to deploy it or have a knack for spotting trends and know how to profit from them can become immensely wealthy more quickly than ever before. We shall leave aside the inordinate earnings of some athletes and performers.
The Danger When Income Equality Is Blamed For Hardship
We will not enumerate nor debate the causes of the poor economy much of the world finds itself in.
Neither will we debate the inevitable result of youth unemployment in excess of 20% which it is in many 1st world countries today.
Once a critical mass of individuals get fed up with “doing without” the result is the riots and bloodshed we find in Kiev (pictured above) and elsewhere.
The mobs will protest the government insisting they “do something” and they will look for a scapegoat. In this case, it’s the “rich”, with “rich” being defined as whoever appears to have more than “they” do.
Who Will Be Targeted In The Fallout Of Income Inequality?
We see at least 2 inevitable outcomes brought on by the frustration (with flames fanned by the media) of income inequality.
- First, the masses will strike and threaten to vote out any politicians not favoring their cause. Politicians can raise some taxes on everyone, like sin taxes, but those are already high and will not be popular with the unruly mobs. So in a paraphrase of the words attributed to Willy Sutton (but supposedly never used), politicians will go after the “rich” because that’s where the money is.
- Second, in some of the more severely plagued areas of the world the mob will seek to even things out themselves by directly attacking the property of those who appear to be “rich”. Large homes, gated communities, fancy cars. If any of that sounds like you, we fear you may be a target.
How Can You Protect Your Wealth From “Redistribution”
Wealth redistribution is no longer spoken of in back rooms and by those wearing tin foil hats. It’s being spoken in the assembly of the United Nations and other political bodies all over the planet. It’s a farce, of course, those politicians see wealth redistribution as killing 2 birds with 1 stone:
- They will tell the unruly mobs that they are “doing something”
- More money running through their grubby little hands increases their power over you
With this weeks gang of bureaucrats agreeing on ever increasing sharing of personal, private financial information globally, most means of holding wealth or assets will be known and targeted by various new tax collection schemes.
Taxes on the “haves” (ie, the “rich”) will be extremely popular with both the media (despite many of them being rich) and those who feel “cheated” in life. Additionally, though, it concentrates even more power among the spineless leaders willing to sacrifice your hard earned gain for their ill gotten gain.
The Role Of Physical Gold & Silver To Protect Your Wealth
Physical Gold & Silver can not only protect wealth from currency destruction but it also happens to be one of the very few anonymous ways of preserving and even transferring wealth.
You never want to SPEAK of your accumulation of precious metals, though, nor be seen buying it at a local coin shop where anyone might know you. A certain amount of metal can be hidden at home if you are comfortable with that, but I would definitely advise against anything more than a token quantity in a bank safe deposit box. We’ve written on that before.
Another option is to store Gold in a safe you can bury.
Secure Vaults: Offshore Gold & U.S. Vault Options
A rather unique opportunity, though, is to use a service whereby you can:
- Buy or sell precious metals at competitive prices
- Take delivery right after purchase
- Store in secure vaults offshore or on until you sell (with very low storage fees)
- Store in secure vaults until you decide to take delivery to your home
- Store in secure vaults and take delivery elsewhere in the world
- Not be responsible to report offshore Gold or Silver (Important!: This is our interpretation, consult your own legal and/or tax advisor)
There is only one online Gold vendor we know of that gives you all of that flexibility – and they even accept Trust and IRA accounts – the Hard Assets Alliance.
It’s not rocket science to know that diversification can be your financial salvation. You can buy some Gold from Hard Assets Alliance and have them ship it to you to store at home or nearby. Purchase other metals for storage in U.S. vaults or offshore vaults, or both. Whatever makes sense for your personal situation.
And you know that the metals that are stored for you (actual coins or bars of your choice, no “fractional” bar ownership with HAA) can be arranged for delivery with a simple toll free phone call or online designation in about 48 hours.
Anyone with financial assets is going to be a target, whether it be of greedy politicians, unruly mobs or both. The question is what steps can you take so that the social consequences of income inequality do not harm YOU!
We feel that physical Gold & Silver can be an important part of your shield from harm, and we further believe that some options are better suited to protecting you and your wealth than others.
Please do not wait until it’s too late to take action.