Note to preppers
This is telling, and true. From the FAQ at a website of a precious metals seller/buyer:
Q: I heard the Government can confiscate my gold, but only if its 22 karat, or only if its old gold, or new gold etc etc etc
A: We hear this all day long, and the “reasoning” is a multitude of different things. The reality is the government can take whatever they want. Your left shoe. Your waffle irons. Whatever they declare.
A couple examples
It is a foretaste of what may happen across the world as governments discover that tax revenue, and the bond markets are unwilling to plug the gap. The G7 states are already acquiring an unhealthy taste for the arbitrary seizure of private property, I notice.
…My fear is that governments in the US, Britain, and Europe will display similar reflexes. Indeed, they have already done so. …the seizure of the Fannie/Freddie mortgage giants before they were in fact in trouble (in order to prevent a Chinese buying strike of US bonds and prevent a spike in US mortgage rates), shows that private property can be co-opted – or eliminated – with little due process if that is required to serve the collective welfare
But wait! there’s more!
Acting like Robert Mugabe on cocaine, Venezuela’s dictator went on a shopping spree over the weekend, confiscating one farm and industry after another…..including a 370-acre ranch in Yaracuy state that grows oranges and coffee and raises cattle with 38 shareholding farm workers.
Chavez’s red-shirts …openedthe farm to “the masses” in a show of class warfare. ….For their big photo spectacular, they hauled in 300 or 400 children to swim in Arria’s swimming pool,….encouraging the kids to take “souvenirs.” Chavez said it was all proof he was “socializing happiness.”
In reality, the attack …was proof of Chavez’s own failures. Unable to create any prosperity, even after 12 years in power and a trillion dollars in oil cash, Chavez still resorts to crude medieval plunder to bring any spoils to his supporters.
Just remember the possibility when you’re buying food, precious metals and paying off your debt so you can set up “off the grid” living quarters.