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Wally Pieper
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Wally Pieper   My Press Releases

Time to address your future . . . literally!

Published on 6/13/2018
For additional information  Click Here

Former Head of the U.S. Fed, Alan Greenspan, Reveals Washington's Nasty Trick to Confiscate Your Savings...

 

NEW YORK – Can the federal government confiscate all the deposits in an American citizen’s FDIC-insured bank account?

 

The answer is “Yes.” Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required.

 

If you doubt that’s possible in the here in the US, read on . . .

 

ARNOLDS PARK, Iowa — For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two IRS agents knocked on her door and informed her that they had seized her checking account, almost $33,000.

 

The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.

 

The money was seized for violations under the Bank Secrecy Act, which requires banks to report transactions greater than $10,000 and also regular cash deposits of less than $10,000. This is a trick used by drug dealers, money launderers and others committing nefarious acts.

 

The practice has swept up dairy farmers in Maryland, an Army sergeant in Virginia saving for his children’s college education and Ms. Hinders, 67, who has borrowed money, strained her credit cards and taken out a second mortgage to keep her restaurant going.

 

While those statements sound shocking, the real insidious confiscation is occurring as we sleep. Like a thief in the night, Uncle Sam silently slips into your bank accounts and makes a withdrawal without your knowledge or permission. How is that possible, you ask? Every day through government created inflation, the purchasing power of your money is reduced ever so slightly. Like the frog in the pan of water, as the heat is increased a tiny bit at a time, the frog keeps swimming and enjoying a nice warm bath until the water reaches 212 degrees and the frog is boiled. The inflation increases are so tiny you aren’t aware of them until you go to the grocery store and notice your grocery cart now costs $20 - $50 more than it used to.

 

You have two very clear choices before you . . . go with the crowd. Run the machines. Consume. Watch the latest reality show/sitcom/talent contest/news crisis on cable/satellite/internet . . . or you can do what the prudent 1 percenters do . . . take action to shield your nestegg from the greedy hands of Uncle Sam.

 

How fortunate are you to be able to join more than 500,000 folks worldwide who are not going to let their governments rob them of their hard earned wealth, however modest that may be, and do it for an investment of less than the price of a small pizza in your favorite pizza parlor.

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