Well apparently Poland has confiscated half of the private pension funds because they are too far in debt.

http://www.zerohedge.com/news/2013-09-06/poland-confiscates-half-private-pension-funds-cut-sovereign-debt-load

Onca again a country has taken people’s private money without asking and with our compensation because they can’t manage their own money in an attempt to fix things. This trend seem to be getting more and more common.

The underlying problem in all these cases has been the government is broke because they have spent more money than they have for too long. Sound familiar? It seems to me that in many if not most of these cases it is because they can’t support their socialist programs. What was it Thatcher said? The problem with socialism is that sooner or later you run out of other people’s money.

I think that much of the western world is reaching that point. Some have already gone over that cliff. The scary thing is instead of taking a pause an reevaluating the cost vs benefits of these programs they are doubling down by taking their people’s money.

The other scary thing is we should as a country see the writing on our walls and notice our friend’s walls crumbling and go gee maybe we should fix this before it gets that bad. I don’t hear any serious discussion going on in the halls of congress though.

If anything I dare say the problem when it hits here will be far worse. A quick look by anyone rational at the numbers shows we are in a world of hurt. Some sobering numbers in case one cares to have a heart attack.

http://usdebtclock.org/

It would seem to me that our house of cards has tumbled yet for a few reasons. One, for better or worse unlike most countries where this has happened particularly in Europe, the federal reserve can create money out of thin air to loan us. Historically that only works for so long and when it catches up the results are well catastrophic. Since we fail to notice the obvious across the pond as it happens though I doubt we will grasp what happens when you try to print your way out of trouble. Two we are historically a stable country. You don’t have very many economic disasters in this country and, the ones we do have look like a picnic compared to many places in the world. Couple that with the fact that you don’t have coups and civil wars happening all the time. In fact they are rather rare in our history. Three we are the worlds reserve currency. When ever people realize though that just because the US dollar has been relatively stable for so long doesn’t mean that it always will be because of reason one we will be in big trouble.

What worries me is it can and probably will happen here.

Well any ways enough rambling for now, I just worry when I see this kind of crap happen again and again and apparently no on ever learns from it.

This may not be entirely related, but what you were saying about the taking of citizens hard earned money and how the practice might make it to the western world. One of my professors spoke of California thinking of imposing a tax on former citizens (as in out of state) to help with their current economic problems. He said that the state would justify it by saying that the citizens who lived there during the "prosperous times" and then folded when the economy had gone south were taking advantage of the system. They stayed for the good and then left the state when it was bad. I have not done any research on this (I am a Texan and have never even seen the state before), but this seems like some pretty bad stuff if it is true. 

This may not be entirely related, but what you were saying about the taking of citizens hard earned money and how the practice might make it to the western world. One of my professors spoke of California thinking of imposing a tax on former citizens (as in out of state) to help with their current economic problems. He said that the state would justify it by saying that the citizens who lived there during the "prosperous times" and then folded when the economy had gone south were taking advantage of the system. They stayed for the good and then left the state when it was bad. I have not done any research on this (I am a Texan and have never even seen the state before), but this seems like some pretty bad stuff if it is true. 

The 10 planks of Communism: http://en.wikipedia.org/wiki/The_Communist_Manifesto

Abolition of property in land and application of all rents of land to public purposes.

A heavy progressive or graduated income tax.

Abolition of all right of inheritance.

Confiscation of the property of all emigrants and rebels.

Centralisation of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.

Centralisation of the means of communication and transport in the hands of the State.

Extension of factories and instruments of production owned by the State; the bringing into cultivation of waste-lands, and the improvement of the soil generally in accordance with a common plan.

Equal liability of all to labour. Establishment of industrial armies, especially for agriculture.

Combination of agriculture with manufacturing industries; gradual abolition of the distinction between town and country, by a more equitable distribution of the population over the country.

Free education for all children in public schools. Abolition of children's factory labour in its present form and combination of education with industrial production.[15]

Any of that sound familiar?

We're getting there.  fluffing government.

I believe those two words could describe most political problems we are having....perhaps it should become the new slogan for the libertarian party  .

I think it's inevitable the government will seize private retirement accounts. Here is an example from Democratic Party propaganda machine (aka Yahoo News and CBS News) that I read just today:

http://finance.yahoo.com/news/study--401-k--retirement-plans-failing-most-workers-152859809.html

Preparing the battle space. Think about it: How % of the 300+ million Americans have any money in a 401K or IRA? The grasshoppers will always vote to take the ants food. Tyranny of the majority indeed.

Rob

Private, personal, ownership of real properties is a right of citizenship. You earn it, buy it, pay for it in trade goods or services, you deserve the fruits of your labor. However, if you are taxed on that real property, i.e. through a property-death-estate-inheiritance or other tax, you no longer own it. The government does. Fool yourself all you want it is a form of do gooder socialism. "But it pays for the fire-police-water-sewer-roads-welfare-bamb a lance services! Really? Like we font already pay road taxes, gas taxes, sales taxes, communications taxes, income taxes, medicaid and medicare taxes, forced social security taxes, then we have all the priveledges of paying water and sewer to the local municipality.  Some places even electric and phone belong to the local municipality and you have NO choice! Sounds like a monopoly to me.
Put another plank in baby!!!

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