The Phaserl


Europe Proposes Confiscating Gold In Crackdown On “Terrorist Financing”

from ZeroHedge:

Hot on the heels of China gold import restrictions, and India’s demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under the guise of shutting down one route for funding of militant attacks on the continent, following the Berlin Christmas attack.

China has already begun de facto gold import restrictions, and as Jayant Bhandari detailed previously, India is experiencing a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization. There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow.

And now, as Reuters reports, it appears last Monday’s attack on a Christmas market in Berlin, where 12 people were killed as a truck ploughed into a crowd, has given The European Commission just the excuse to tighten capital controls – specifically cash and precious metals – into and out of Europe.

It is part of an EU “action plan against terrorist financing” unveiled after the bombings and shootings in Paris in November 2015.

Under the new proposals, customs officials in European Union states can step up checks on cash and prepaid payment cards sent by post or in freight shipments.

Authorities will also be able to seize cash or precious metals carried by suspect individuals entering the EU.

People carrying more than 10,000 euros (8,413.56 pounds) in cash already have to declare this at customs when entering the EU. The new rules would allow authorities to seize money below that threshold “where there are suspicions of criminal activity,” the EU executive commission said in a note.

EU officials said some of the recent attacks in Europe were carried out with limited funds, sometimes sent from outside the EU by criminal networks.

The Commission is also considering whether to set up an EU-focussed “terrorist finance tracking programme” along the lines of the U.S.-EU TFTP, which has long been opposed by EU lawmakers and privacy campaigners because it allows widespread checks on consumers’ bank transfers.

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1 comment to Europe Proposes Confiscating Gold In Crackdown On “Terrorist Financing”

  • Craig Escaped Detroit

    Just another clear sign that “the crash” is getting closer and closer as TPTB make more and more laws to confiscate wealth (in any form) from the common sheeple.

    Labeling gift cards, fiat cash, gold, silver, BTC, even in amounts as low as $150 as “criminal type acts” is ridiculous. But the group with the most guns makes the rules until they are overthrown.

    Supplies of physical gold and silver, must be getting scarce behind the curtains. More banks & governments must be getting closer to the collapse.

    It might be a good time, to consider buying a TON of wheat, ton of peanuts, ton of rice, ton of corn, etc.??? (if you do, then make sure it’s the “whole kernel or grain” that can be planted and grown!) So it can have the full value, for eating or for planting.

    It could be the ultimate prepper stockpile, to have those big blue plastic food barrels (50 gallons) filled with DRIED grains (and a handful of oxygen absorbers), sealed & stored in a cool, dry, dark place. It would be even better to find a cheap supplier of the 4-5 gallon plastic containers for storing, trading, selling the grains.

    Buying things “by the ton” is far cheaper than buying smaller quantities. Gather a couple friends together and make a purchase. You used to be able to buy a ton of peanuts for about $400.
    I wonder what “today’s prices” are like?

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