A Remake of Operation Gutt

Red alert: IMF plans a 10% haircut tax to cover the financial deficits...legal theft!

The first president of the IMF (International Monetary Fund) was Camille Gutt...the very man who planned and orchestrated the haircut after World War II. Older generations still remember many people who died during and after this LEGAL THEFT operation.

During this operation, everyone had to turn in their money, stocks, bonds, etc., and received a maximum of 10,000 Belgian Francs in return. There were a few exemptions, such as religious congregations. The banknotes were exchanged for new banknotes, and the stocks, bonds, and other securities were stamped as "good to go" once the heavy taxes were paid.

Super Tax on Savings Suggestions by the IMF: A group of IMF economists is discussing a one-time haircut tax on savings in the eurozone: a super-tax of 10 percent. This would improve/correct the debt situations of most European countries with a single stroke. It would be an alternative to tax increases and spending cuts.

Economists pretend this is a purely theoretical proposal and an efficient solution to the debt problem. For the 15 eurozone countries, the measure would reduce the debt to the acceptable levels we had before the financial crisis of 2008.

The idea of a one-time haircut tax on savings is not new and occasionally re-emerges. In 2011, the Boston Consulting Group already suggested something similar. At that time, the advisers calculated that a 30 percent tax would be required to solve the European debt/financial crisis. In April this year, Steen Jakobsen, Saxo Bank's chief economist, proposed a 10 to 15 percent tax levy.

Forcing citizens to pay for the crisis with a one-time super tax is very unusual but an attractive idea, according to IMF economists. "If it is implemented before people can withdraw funds and sell as a one-time tax, it won't distort their behavior. Perhaps some people will even see it as fair."

In the eurozone, there are a lot of savings. Your savings.  Taxing savings by 10 percent yields Germany around 100 billion euros. Total Dutch savings accounts in late August were 329 billion euros. A one-time tax charge of 10 percent would thus provide nearly 33 billion euros, about the same amount governments now want to save.

Camille Gutt invented and orchestrated a similar action right after World War II...He became the first president of the IMF...click here for more.

 This is HOW authorities organize LEGAL THEFT...If you have savings, you are in the game. Today, as everything is DIGITALIZED, it has become even easier.

In France and the Netherlands, similar actions occurred. In France, André Citroën and Louis Renault lost their complete fortunes.

Today's Operation Gutt looks like (so far):

• Enforcement of DIGITAL money.
• Negative Interest rates (expect to see as low as -25%)
• Bail-in legislation was put in place.
• CRS and more taxation.
• UBO allows Governments to know exactly what you have.

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