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European Commission Threatens Widespread Asset Confiscation

by Jeff Berwick, The Dollar Vigilante:

The “war on terror” continues…

The US and the North Atlantic Terrorist Organization (NATO) attacked Libya and Syria and began transporting Muslims to Europe as a means of destabilization. They have also conducted numerous other false flag attacks, such as Charlie Hebdo, by which to further confuse and imprison the local population.

The most recent was the so called “terror attack” which occurred several days before Christmas in Berlin, Germany. A truck was deliberately driven into a crowded market killing 12 people and leaving 48 injured.

Now it reaches a logical conclusion with cash and gold being confiscated in the name of making people “safe”.

There is always an ulterior motive which becomes clearly apparent after such “terror” events.

It is no coincidence that in Europe, the European Commission just made a new capital control proposition.

They want to begin restricting cash and precious metals transfers from outside the EU. Of course, the reason given for this suppression is to shut down avenues such as these which are supposedly used to covertly fund militant attacks across the continent.

Yet to be mentioned is that every terror attack and almost all significant ones are likely staged and done with very little money.

The most recent truck attack in Germany, if official reports from the Fake News are to be believed, encompassed one man with a gun stealing a truck.

If the laughable official story regarding 9/11 is to be believed, it only took 19 guys with box cutters.

But, the European commission has been pressing harder lately to set up a “EU-focused terrorist finance tracking program”. Luckily this has been long opposed by those who campaign for privacy and by some EU lawmakers who recognize that it would allow widespread checks on consumers’ bank transfers.

People entering Europe with more than 10,000 euros are already required to declare their sum to customs officials before entering the union. Now, officials will be permitted to seize cash or precious metals valued under that threshold from those deemed “suspicious”.

Similar proposals were made after the attacks in Paris. French officials claimed they were funded by such cash alternatives as bitcoin and prepaid debit cards… This new deal would require prepaid card holders to present identification prior to making purchases of 150 euros or more.

In spite of the potential unwanted attention one may receive by owning these assets, the demand and consequently the price for bitcoin has skyrocketed. The prospect of these European capital controls being signed into law combined with the already stringent controls existing in China, has made them even more valuable.

Capital restrictions in conjunction with cash wars being waged in India and Venezuela are causing a large number of people to question their government’s willingness to impose similar such restrictions in their home countries. This is likely another contributing factor in bitcoin’s recent price explosion. It is on the cusp of $1,000.

If you recall, in some of our previous articles we mentioned how the Indian government disallowed the use of their two highest denomination bills. According to recent reports the government has also been going door to door in certain areas to confiscate gold – particularly jewelry.

Not long after the Reserve Bank of India and Modi announced their rejection of high denomination rupees, Venezuelan president Maduro followed suit. In fact, he pulled his country’s largest bank note – the 100 Bolivar – from circulation.

These controls which have already been put in place in various countries will soon come to your country as well if these globalists continue to get their way. It is vital that you begin moving your assets into safer mediums such as bitcoin and precious metals – especially in the United States where gold ownership has been outlawed in the not-so-distant past.

The key to precious metals ownership is in where and how you hold them. We have written our e-book, Getting Your Gold Out Of Dodge predicting precisely what is occurring today.

And we have written Bitcoin Basics as well to help you understand the basics of bitcoin ownership.

Read More @ TheDollarVigilante.com

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