[Editor's Note: The following post is by TDV Editor-in-Chief, Jeff Berwick]
Part of the reason why I love my job warning people about The impending End Of The Monetary System As We Know It (TEOTMSAWKI) is because the institutions I rally against do a lot of the work for me.
When I tell you, "the International Monetary Fund (IMF) has announced the financial and political systems are going to steal all of your savings," many people might think that I am just a little bit off my rocker. But, when the IMF themselves announce that this must be considered an option, I can sit back and let the researchers over at the IMF do much of the work for me. Although, reading their reports is always a difficult refresher in "academese." (the dry language spoken by academics)
Nonetheless, I did gather some key facts from the report.
For instance, in the new IMF "commissioned" report it is suggested that if you forget large debts always lead to “radical coercive measures,” you suffer from “amnesia.”
If that doesn't spell it out, I am not sure what possibly could.
In the new (“purely theoretical”) study by the IMF, an unprecedented wave of forced measures against the savers of Europe (and it won't just be Europe, it will be the entire Western world) is called for.
According to the IMF, the Western sovereign debt crisis will only be eliminated by, ultimately, "financial repression." As if Cyprus wasn't enough?
Why? Because the current sovereign debt of developed countries has reached levels not seen in 200 years.
Here are some quotes or actual screen shots taken from the paper (all of the items below are taken directly, word for word from the IMF report), entitled “Financial and sovereign debt crisis: lessons we have learned from the past – and those that we have forgotten”:
a)
b) “The magnitude of the overall debt problem facing advanced economies today is difficult to overstate.The mix of an aging society, an expanding social welfare state, and stagnant population growth would be difficult in the best of circumstances.”
c) “Rather, the size of the problem suggests that restructurings will be needed, particularly, for example, in the periphery of Europe, far beyond anything discussed in public to this point.”
d)
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A "steady dose of financial repression?" That doesn't sound good! An "inflation surprise"? By this they can only mean the currency collapses suffered by Weimar Germany, Argentina, Zimbabwe, and the countless other "currency crises" forced upon nations by the IMF and World Bank, which are basically like government-backed financial advisors for nation-states.
What the IMF states in this report is exactly what we've been saying for nearly four years!
Things are going to start happening faster and faster as these governments grow more desperate, and the toolbox available to the state runs the historical gamut and was outlined very well by the IMF itself above. Already we've seen wealth confiscation via “bail-ins” and an onslaught of regulations beyond the wildest of imagination. But, the IMF suggests this isn't going far enough to fix the current problems facing the western world.
So, although the IMF might not follow us to our ultimate conclusion, that you should get your assets out of Europe, it is now more important than ever protect yourself from the threat of wealth confiscation.
But, the threat doesn't stop in Europe, as the US government also plans to enact FATCA in July, 2014, which is a new level of capital controls heretofore unseen in the US.
For this reason we have set-up the urgent TDV Wealth Management Crisis Conference. The Crisis Conference brings together some of the world's top international advisors to not only tell you how but actually get you started on a multi-generational wealth preservation journey for which your descendants will thank you. Join us today.
At least at this point, if most or all of your assets are taxed, stolen or sequestered you can't say we didn't warn you. You can't even say the IMF didn't warn you.
