The Phaserl


Expropriation Is Back – Is Christine Lagarde The Most Dangerous Woman In The World?

from ZeroHedge:

The most dangerous organization is the now French led IMF with Christine Lagarde at the helm, which has presented a concept report in which ‘debt cuts for over-indebted states are uncompromising’ and are to be performed more effectively in the future by defaulting on retirement accounts held in life insurance, mutual funds and other types of pension schemes, or arbitrarily extending debt perpetually so you cannot redeem. Yes you read correctly, The new IMF paper describes in great detail exactly how to now allow the private sector, which has invested in government bonds, will be expropriated to pay for the national debts of the socialist governments. This far-reaching plan for the expropriation of savers, investors and retirees clearly shows the reality of socialism.

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