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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


5 posters

    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    csd9013
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by csd9013 Mon 18 Mar 2013, 12:48 pm

    In order to fund a bailout of Cyprus, European leaders have proposed the institution of a tax on bank deposits for residents of the small island nation. A vote is expected on the plan on Tuesday.

    FoxNews.com writes:

    Cypriots rushed to pull their money out of banks and ATMs before the tiny Mediterranean nation’s government could finalize a plan to seize depositors’ funds to satisfy austerity demands from euro zone leaders, sparking a run that prompted banks to be closed until at least Thursday.

    The island nation’s leaders were huddling to come up with a way to soften the blow on average depositors, with one proposal targeting accounts with deposits above $130,000.

    So, could the same thing happen in America? Judge Napolitano says yes. “The people who have more than $100,000 in the bank are targets for any government that’s looking for money to shore up its own inability to manage its finances.”

    http://foxnewsinsider.com/2013/03/18/cyprus-to-vote-on-plan-to-fund-bailout-with-tax-on-bank-accounts-could-the-same-thing-happen-in-u-s/
    csd9013
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by csd9013 Mon 18 Mar 2013, 12:49 pm

    Scary!
    zimi31
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by zimi31 Mon 18 Mar 2013, 2:57 pm


    I heard a couple of the 'money guys' on Fox earlier today say it would be unlikely and unnecessary because...we just keep printing money!! Besides there would be rioting unlike no other! Of course the way things are going...I wouldn't put anything past this bunch!!!
    elandur
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by elandur Mon 18 Mar 2013, 3:30 pm

    zimi31 wrote:
    I heard a couple of the 'money guys' on Fox earlier today say it would be unlikely and unnecessary because...we just keep printing money!! Besides there would be rioting unlike no other! Of course the way things are going...I wouldn't put anything past this bunch!!!

    And that, of course, is also a tax of sorts. Inflating the value of your money away is a "hidden tax" while the government continues to print money it doesn't have. Money "earning" interest in a bank account, or even a CD at current rates is guaranteed to lose value just sitting there. And to add insult to injury, you are still taxed on the interest you make!

    Could it happen here? Back in the Clinton Administration they were kicking around a "one-time" 1% tax on IRA/401k account balances. So yes, it could. Nothing is out of bounds for a government that is strapped for cash and desperate. They will just try and take the least politically risky approach to taking what they want. In our government's case it's printing more money because most folks in this country don't have a clue how that is affecting them. The tax that isn't a tax so to speak. When things get really desperate (inflation starts becoming visible so they can't print more, creditors come knocking at the door, etc) then they will get more overt - like Cypress. We still have a bit of time I think before we are there - so far they are only looking at "the rich." Our turn will come, one way or another; either we will join "the rich" because the dinar revalues, or if not, when they start dipping even deeper into the populus - first the "upper middle class", and then down to the "poor." This is the time to prepare for the bad times to come.

    And as for the rioting - what do you think the 1.6 billion rounds of hollow point and the drones are for?
    zimi31
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by zimi31 Mon 18 Mar 2013, 3:54 pm

    Excellent points Elandur! Just a couple of comments! The printing of money is more than evident in the rising costs of everything we purchase! Can't even imagine where the average person will be in the coming year with just grocery shopping! Of course I am sure you know that taxing those 'evil rich' will be felt by everyone, no matter what your station in life is. Anyone in business will simply pass it on...as they are already doing...and that is simply survival!

    And as for the bullets and drones...yes I do realize what they're for!!! God Help Us!!!
    weslin3
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by weslin3 Mon 18 Mar 2013, 6:24 pm

    Wonder if this could be a warning to all of those who have off-shore
    accounts out there in the Bahamas, Grand Cayman, Switzerland, Luxenburg and such to maybe your money is not safe there and bring it
    home and pay taxes or loose it? JMO
    Neno
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by Neno Mon 18 Mar 2013, 6:46 pm

    csd9013 wrote:Scary!
    Remember Nancy Palosey's idea? Evil or Very Mad...
    Neno
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by Neno Mon 18 Mar 2013, 6:46 pm

    weslin3 wrote:Wonder if this could be a warning to all of those who have off-shore
    accounts out there in the Bahamas, Grand Cayman, Switzerland, Luxenburg and such to maybe your money is not safe there and bring it
    home and pay taxes or loose it? JMO
    Diffidently part of the strategy... ;)
    Neno
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by Neno Mon 18 Mar 2013, 6:48 pm

    elandur wrote:
    zimi31 wrote:
    I heard a couple of the 'money guys' on Fox earlier today say it would be unlikely and unnecessary because...we just keep printing money!! Besides there would be rioting unlike no other! Of course the way things are going...I wouldn't put anything past this bunch!!!

    And that, of course, is also a tax of sorts. Inflating the value of your money away is a "hidden tax" while the government continues to print money it doesn't have. Money "earning" interest in a bank account, or even a CD at current rates is guaranteed to lose value just sitting there. And to add insult to injury, you are still taxed on the interest you make!

    Could it happen here? Back in the Clinton Administration they were kicking around a "one-time" 1% tax on IRA/401k account balances. So yes, it could. Nothing is out of bounds for a government that is strapped for cash and desperate. They will just try and take the least politically risky approach to taking what they want. In our government's case it's printing more money because most folks in this country don't have a clue how that is affecting them. The tax that isn't a tax so to speak. When things get really desperate (inflation starts becoming visible so they can't print more, creditors come knocking at the door, etc) then they will get more overt - like Cypress. We still have a bit of time I think before we are there - so far they are only looking at "the rich." Our turn will come, one way or another; either we will join "the rich" because the dinar revalues, or if not, when they start dipping even deeper into the populus - first the "upper middle class", and then down to the "poor." This is the time to prepare for the bad times to come.

    And as for the rioting - what do you think the 1.6 billion rounds of hollow point and the drones are for?
    Really like your analogies but then if they were true, then that would be scary... ;)
    weslin3
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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

    Post by weslin3 Mon 18 Mar 2013, 7:06 pm

    Sometimes it is scary. Just want to be debt free when we get our dinar and invest in precious metals and land.

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    Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S Empty Re: Cyprus to Vote on Plan to Fund Bailout With Tax on Bank Accounts; Could the Same Thing Happen in U.S

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