South Africa Civil War Concerns Growing

https://image.zype.com/593087b25d3c19148e001735/5b8581211a9ef1133300b7f8/custom_thumbnail/1080.jpg

(Photo Credit: Gary van der Merwe via Creative Commons 3.0)

 

President Cyril Ramaphosa insists his government’s confiscation of white farmer-owned land without compensation is “no land grab,” but rather a “moral, social, and economic imperative.” He added:

“By bringing more land into productive use, by giving more South Africans assets and opportunities, the country is creating conditions for greater, more inclusive, and more meaningful growth.”

Yet social media posts out of South Africa tell a completely different story. In one video clip, black protesters can be seen chanting:

“Let us kill the white man. The white man must die.” Continue reading

Germany: Migrants In, Germans Out

  • Hamburg city officials say that owners of vacant real estate have refused to make their property available to the city on a voluntary basis, and thus the city should be given the right to take it by force.
  • “The proposed confiscation of private land and buildings is a massive attack on the property rights of the citizens of Hamburg. It amounts to an expropriation by the state [and a] “law of intimidation.” — André Trepoll, Christian Democratic Union.
  • “If a property is confiscated… a lawsuit to determine the legality of the confiscation can only be resolved after the fact. But the accommodation would succeed in any event.” — Tübingen Mayor Boris Palmer.
  • Officials in North Rhine-Westphalia seized a private resort in the town of Olpe to provide housing for up to 400 migrants
  • “I find it impossible to understand how the city can treat me like this. I have struggled through life with grief and sorrow and now I get an eviction notice. It is a like a kick in the stomach.” — Bettina Halbey, 51-year-old nurse, after being notified that she must vacate her apartment so that migrants can move in. Continue reading

Writing’s On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It “Non-Confiscatable”

The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now – as we noted was possible previouslyTexas has enacted a Bill to repatriate $1 billion of gold from The NY Fed’s vaults to a newly established state gold bullion depository…”People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold,” and the Bill includes a section to prevent forced seizure from the Federal Government. Continue reading

On Poland and Detroit. Not For the Faint of Heart.

Back to finance.  Poland did exactly what I and a few others have been warning about for years with regards to private retirement accounts and pensions.  Poland confiscated 50% of all private pension funds last week.  PRIVATE pensions.

As Warren Pollock and I have been screaming, one of the largest chunks of collateral left in the system is private retirement money, both in the form of 401(k)s and IRAs and in private pension accounts.  In the U.S., the latest data for 2012 shows that there are now $10.5 Trillion in private 401k and IRA holdings, with another $9 Trillion in pensions and annuities.

RetirementFunds

The regime has been fairly open about its plans to “nationalize”, read CONFISCATE, this collateral and implement a system of “mandatory retirement savings accounts”, which will be just another confiscatory redistribution into the hands of the oligarchs and their cronies.  This what Poland just did.  This is what MF Global was in its essence.  This is what Cyprus was, except the Cypriot confiscation was done to demand deposit accounts instead of retirement accounts, which is now termed a “bail-in” – but it is all of the same stripe, namely the utter destruction of the notion of private property and the redistribution of all wealth into the hands of the oligarchs.   In Poland, the private pension paradigm has now also been destroyed because no one will want to put money into a private pension after this knowing that it can and will be stolen by the government at any time with zero redress. Continue reading