January 3rd, 2014

IMF Contemplating Mass Expropriation in €-Zone


Christine Lagarde the French chief of the IMF narrowly escaped being charged recently. Her candidacy’s main cheerleader for the IMF was George Osborne, Guido had his doubts at the time. The IMF is searching for a solution for debt laden European states to stop the €uro collapsing. Stop spending more than you tax is considered naive – how will the ruling elites get re-elected if they stop bribing the electorate with their own children’s money? Option 6 in the IMF’s discussion paper on the subject is brutally straight-forward. The final act of financial repression is to steal from everyone who has savings with a 10% wealth tax.

You have been warned now – just like Cypriot political insiders were – don’t keep any capital in €urozone banks. The IMF argues that the element of surprise is essential for the success of a capital levy…


  1. 1
    Anonymous says:

    They try this, it will seal the End of the EU because the people will tear down the EU govt buildings with their hands if they try it.

  2. 2
    George Osborne says:

    I’m just popping out to get your hair cut.

    Be right back.

  3. 3
    Ed Green says:

    As the EU seems determined on an Imperial model I suggest a variation on The Roman system – dispose of 1/10th of the ruling class every time spending exceeds revenues.

  4. 4
    Sunny Jim says:

    There really will be politicians dangling by their necks from lamp posts if this comes to pass. Now is a good time to buy shares in piano wire & rope making businesses…

  5. 5
    East India Company Wallah says:

    After the Brown Terror not even a pension fund has cash on deposit-no need to worry

  6. 6
    Ed Balls says:


  7. 7

    Reblogged this on Gavin Maclure's Musings and commented:
    I rarely re-blog (maybe once or twice a year) but this one has to be widely published. In the real world, this would be called ‘conspiracy to rob’.

  8. 8
    Anonymous says:

    Guaranteed every priveleged fooker with access to “friends” would know about in advance and hide the cash……if we hear of large personal deposits being moved out of eu banks, you’ll know its on.

  9. 9
    Herman Achille Van Rompuy says:

  10. 10
    ancientpopeye says:

    Voting UKIP and getting out of this cess-pit called EU is not enough.
    The whole evil Marxist structure must be totally destroyed, before they destroy us.
    The only reason they want their own Army is to suppress us plebs when we revolt.

  11. 11
    I hate socialists. says:

    They would not have the guts to do it .Even retarded socialists must
    have some brains and realise that the people would not stand for it.

  12. 12
    Uknowitmakessense says:

    Buy the pound

  13. 13
    Paniagua V5 says:

    Cuba is looking nice these days.

  14. 14
    Anonymous says:

    Apathy is at fever pitch so nothing will happen, perhaps they should try Wonga.com

  15. 15
    Soap Dodger says:

    Duz dat meen dat 10% of my bennies will be takun away?

  16. 16
    Mr Potato Head says:

    The bastards are already stealing money from anyone with any cash by Quantitative Easing.

  17. 17
    Aliens return Blogging Earthling says:

    Phew. Glad to see that you are back again Geedo. That was some trip you went on to the far side in your previous post.

  18. 18

    You’d be surprised. They did it in Cyprus, Gordon did it to everyone who has a pension in his first budget. He did it to shareholders in energy companies as well.

  19. 19
    Herman Achille Van Rompuy says:

    When I say support, I of course do mean financial support.

  20. 20
    Mr Potato Head says:

    Ya gotta pick a pocket or two.

  21. 21
    "Kral" says:

    Hilarious, seizing people’s money by force.

    But then again people have consistently voted for governments to rack up debt in their name so they’ve nobody else to blame if they savings are looted.

  22. 22
    Lennie McCluskey representing the 'workers' says:

    Love this idea, will give Weird Ed a call and put it on his to do list.

  23. 23
    Polly says:

    Is it just savings that they will seize a percentage of or will they be looking at other forms of wealth such as villas in Tuscany and mansions on Primrose hill?

  24. 24
    Mr Potato Head says:

    It worked in Roman times. They sent Brits to fight the plebs in Macedonia and Macedonians to fight in Britain.

  25. 25
    Anonymous says:

    Oh i dont know, a europe wide theft would just about kick it all off i think. it would be like fire contagion difficult to contain and i for one would be out there with them.

  26. 26
    The Sod says:

    Cyprus was a trial run.

  27. 27
    Savings Tax says:

    But the UK government already seizes 20 percent of savings interest.

  28. 28
    Robin Banks says:

    Look at it this way. If someone walked in to your house and took 10% of your possessions it is called robbery and that person would be called a criminal. Simples!

  29. 29
    Robin Banks says:

    Two points. The government has been elected. 20% of interest is chicken feed cf. 10% of savings.

  30. 30
    Migration Matters says:

    are a bunch of foreigners, traitors and cυnts.

  31. 31
    Anonymous says:

    If it’s true then the dosh has already been moved

  32. 32
    Bob Crow representing the 'workers' says:

    Should have got yourself a council house like I did Pol x

  33. 33
    Ric Holden CCHQ says:

    GOVERNMENT ADVICE: If your property is flooded during the storms move to your second home while it dries out.

  34. 34
    All of the MPs in the HoC says:

    That’s why we have more than one house!

  35. 35
    Richard Baron says:

    They say that you need people to believe it will not be repeated. They also say that it has been done several times before, within the last century. So how can people be persuaded to believe that this would be a one-off?

  36. 36
    Socialism = Starvation says:

    Indeed sir, the British way is far more subtle, and it enables ‘free’ money to be handed out to those in ‘need’.

  37. 37
    Willem de Leeuw says:

    They *tried* to do it in Cyprus, ie on the deposits in banks that hadn’t failed e.g., Barclays Cyprus, but it was not passed by the Cypriot parliament. That uninsured depositors lost out in the failed banks is unexceptional. What was amazing was that the IMF and Eurogroup even proposed that levy.

    IMHO the odds of this happening (a direct tax) are very low.

    They’ll do it via indirect financial repression as much as possible, though wealth taxes do exist in the Eurozone already e.g., in the Netherlands (basically 1.2% of net assets over c.E20k if you don’t have a mortgage), so these could be increased in some jurisdictions quite easily.

  38. 38
    It will come to pass says:

    They will have to do it or have the Euro collapse. Seizing a percentage from all bank accounts is easy. It worked in Cyprus.

  39. 39
    Fuck the LibLabCon says:

    This story keeps popping up and is doing the rounds yet again, in it’s latest round I’d first seen it on Zero Hedge last year. I dare say funds are being moved out of European banks as I type this, as you say the element of surprise is key.

  40. 40
    Mr Potato Head says:

    It’s not the bankers we have to watch out for but the Liblabcon-men. How much of our savings have already been ‘diluted’ by quantitative easing?

  41. 41
    Anonymous says:

    Old news.

    This was reported on the Zero Hedge website back on 18 October 2013 and was highlighted again 2 January 2014. I guess you’re either ahead of Guido or …


  42. 42
    Mr Potato Head says:

    Income tax started out as a one-off.

  43. 43
    Christine L. at the IMF. says:

    It will be a one-off until the next one-off.

  44. 44
    MadNumismatist says:

    Only six months behind on this one, and the fact is far worse than just 10%.

    According to a report published 2 years ago by BCG, the UK will need to take as much as 30% of total wealth to get the debt back to “Sustainable” levels.

    The full report is here: http://www.scoinsandbullion.com/blog/398-must-read-regarding-your-savings-.html

  45. 45
    Executive order 6102 says:

    Executive Order 6102 is an executive order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt “forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States”. The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.


  46. 46
    Robin Banks says:

    +loads and also interest on savings well below rate of inflation.

  47. 47
    Ed Balls says:

    10% isn’t that bad.

    If it was a higher amount like a tenth then there would be trouble.

  48. 48
    Ed Miliband says:

    I’m already at the Dacha, but thanks for the tip.

  49. 49
    Anjem Law says:

  50. 50
    JadedJean says:

    Yes, but this time the economic gurus Carmen Reinhart and Kenneth Rogoff (why are they always from the same extended family?) are touting it as the only way to save the euro and the project that is the EU. Legarde is backed into a corner and will do whatever is necessary to save the project.

    Read the peice that Ambrose Evans-Pritchard wrote about this in the DT yesterday.

  51. 51
    Time 2 CTRL, ALT & DEL says:

    Its not just savings – it is NET personal weath so they would be looking at all assets – shares – property – processions gold rings – everything.
    It is also households – so your kids money as well.

    And yes they are stupid enough to do it.

  52. 52
    Purpledogzzz says:

    This person is becoming extremely irksome.

    Compare him with the likes of Snowden in the last blog and it is not difficult to determine who is the traitor to this country and its values.

  53. 53
    Hell for Leather says:

    Agreed. Too many haven’t bothered to figure out Quantitative Easing.

    Too hard to pronounce or spell, for many, so why bother trying to understand it. Can’t recall when I last saw mention of it on this blog, if ever.

    The Zero Hedge site has interesting views on the IMF idea.

  54. 54
    Anonymous says:

    Saw it. He was late to the party, too.

  55. 55
    Purpledogzzz says:

    Don’t be silly, it will just be a bank deposit theft…err I meant to say tax.

  56. 56
    Htrew says:

    Yep, Snowden.

  57. 57
    M25 commuter says:

    So did the Dartford bridge tax.

  58. 58
    LB says:

    Or civil service pensions.

  59. 59
    himindoors says:

    I often wonder why an independance is so obsessed with sending their representatives to a foreign parliament. If they really want to make a difference, why don’t UKIP boycott the euro elections entirely and focus all their energy on the GE?
    Big Nige is always banging on about the lack of democracy within the leadership of the EU, that’s never going to change so why bother? Better perhaps to snub it entirely and force for change via westminster?

  60. 60
    himindoors says:

    sorry, should read *independence party* at the start….

  61. 61
    Small saver says:

    Does this include Santander?

  62. 62
    LB says:

    Not enough.


    Pensions alone are 7.1 trillion

    Add on borrowing, PFI, and all the other debts run up, and we are getting close to 9 trillion.

    Given total tax is 600 bn,

    They are 15 times mortgaged

  63. 63
    The Banksters says:

    A man walks into a bank and goes to the first vailable cashier’s desk. The cashier hands him a piece of paper with a message on it. The message says “this is a stick-up”.

  64. 64
    Otter Frump says:

    Spend it. Piss it up the wall, bet on the gee gees, go round the world.

    That’ll show em.

  65. 65

    The Treasury are also attempting to tax non-residents with CGT on investment property from April this year. Good luck with that one! We have a choice of where to invest our funds.

    Guess where I will not be investing? :-)

  66. 66
    Camerclegband says:

    The very fact that they are even contemplating this should result in the mass exodus of funds from the eurozone, hopefully !

  67. 67
    Lenny Henry says:

    So did red nose day.

  68. 68
    Gordon Brown says:

    I blew one off once.

    It ended boom and bust.

  69. 69
    Bank Wallah says:

    Only if your deposit a/c is in EUR denomination. If you bank with Santander in the UK you should be OK (i.e. with an a/c in denominastion GBP).

  70. 70
    Cicero says:

    And you wold be entitled to use ‘reasonable force’ to defend yourself and to affect a citizen’s arrest.

  71. 71
    DCL says:

    made me smile on a miserable windy day, well done

  72. 72
    Ceausescu says:

    My question is: would as many as 10% of Europe’s useless politicians live to tell the tale?

  73. 73
    Anjem Choudary says:

    PS – But you can still marry 9 year olds.

  74. 74
    Gawd Help Us says:

    They would probably have to do it right first time and then run like f**k.

  75. 75
    Maximus says:

    Remind me: how many credits has the ECB lodged at the IMF?

  76. 76
    Common Man says:

    They did it at much higher rates in Cyprus (80%?!) and no one tore down any buildings.

    “….it will seal the End of the EU because the people will tear down the EU govt buildings with their hands if they try it.”

  77. 77
    F X Trader says:

    * rubs hands together *

  78. 78
    A British Citizen says:

    Why would I want to receive a Christmas greeting from a corrupt, anti-democratic, Belgian communist?

  79. 79
    Anonymous says:

    I think you underestimate them and their capacity for opression through paid thugs (ie police and military) if they decide they’re going to do it.

    Apart from that, the people it is most likely to affect are those least likely to take to the streets.

  80. 80
    albacore says:

    But, though Britain is not in the Eurozone
    Would the LibLabCons leave this wheeze well alone
    Or, to prove their loyalty’s to the E U
    Loot the booty regardless from me and you?

  81. 81
    Small saver says:

    Why would I be OK if there is a run on the bank in the rest of its branches in Europe?

  82. 82
    Tin foil tophat says:

    The abolition of the reclaimable 10% dividend credit. Goodwork Gordon. Goodwork. We can’t have people building up their own pensions.

  83. 83
    #CyprusThankU says:

  84. 84
    Jimmy says:

    Talking about rightie solutions to debt, will the modbot be altered to allow discussion of Fatty Griffin?

  85. 85
    Call Me Dave says:

    10% is the bit they’re letting you keep

  86. 86
    Maximus says:

    So, now ask cui bono? The last time I looked the IMF was the USA’s bitch.

    Make no mistake, this is a War of Independence between the EUSSR and the United Stasi of America. In this particular case it matters not that it could happen, but that people should think it will happen. Capital flight is a self-fulfilling prophecy.

  87. 87
    The man fom the EU, He says:

  88. 88
    stun2 says:

    Santander UK is separately capitalised (and actually has a higher rating than its Spanish parent). Of course, Gilts or NS&I should be safest, as any attempt to apply a haircut there would be viewed as a sovereign default, which of course would make matters worse for the thieving gits.

  89. 89
    C.O.Jones says:

    If I recall correctly Boris Yeltsin abolished the 100 Rouble note – this was the largest and favoured banknote for savings (shoebox under the bed) for Russians at the time.

    If They abolished the €500 note that would be the easiest method – after all we have been told time and again that the favourite currency of big time mafiosa and cartels after the $100 note is the €500.

    They know exactly how many have been printed and can remove them from legal tender in an instant.

    Would not affect the man in the street at all.

  90. 90
    JH349428523094-5 says:

    Their manifesto is basically Labour’s with some racism mixed in Jimbo.

    He’s one of yours.

  91. 91
    C.O.Jones says:

    Lefties don’t see this JH. They cannot get the shit in their heads categorised. Their dogma does not allow for this.

  92. 92

    Suggest you will find that their policies are as bаnkrupt as their leader, Jimmy.

  93. 93
    davemcwish says:

    Nah. The only funds that will go will be from the big instutions & corporations. Your average EU sheeple hasn’t got the time/inclination to do the same so they’ll be clobbbered (more than the 10% to make up for the stortfall).

  94. 94
    FFS says:

    Actually the Cypriots did threaten to tear down the banks and government buildings and the Cypriot government had to back down. Then it became apparent that the Russian oligarchs had already had the plans leaked to them and had taken their money out of Cyprus. Thew few people that were caught out ended up losing a huge proportion of their savings but there were not enough of them to cause an issue.

  95. 95
    FFS says:

    Almost certainly. It didn’t go well though. The Russians heard what was going on ahead of time and pulled their money out, and the Cypriots stopped the government from imposing the tax on them. A small percentage of savers got severely hit.

  96. 96
    Noah & Sons says:

    Or buy a boat

  97. 97

    A Mr Annonymous (sic) came along on the previous page. Big and hard type who started to throw his weight around.

    He appears incapable of engaging in any rational argument though. Probably he is as poor at that as he is at spelling…

    Perhaps he is frit?

  98. 98
    JH349428523094-5 says:

    Their functioning is very simple – if it’s ‘nasty’ it’s ‘right wing’, irrespective of the attributes of actual policy. So a big state with punitive taxation and whole industries under government control is described as ‘right wing’ if it is against immigration.

    They are incapable of understanding that the left is capable of evil. Helps them cope with what Pol Pot, Hitler etc did.

  99. 99
    Holly says:

    My point about Farage.

    He is the biggest con man going.
    Why trumpet about something you want rid of, yet trough with the same bunch of crooks?
    Anyone who re-elects this guy is simply ensuring he continues to trough our taxes, and the taxes of all the other EU suckers.


  100. 100
    Dave (no relation) says:

    The Eu still has no strategy to reform itself, it is only dealing with the symptoms.

    I firmly believe they will go ahead with a 10% tax grab.

    I also believe they will need to do a further grab.

  101. 101
    Holly says:

    My point about Farage.
    He is the biggest con man going.
    Why trumpet about something you want rid of, yet trough with the same bunch of crooks?
    Anyone who re-elects this guy is simply ensuring he continues to trough our taxes, and the taxes of all the other EU suckers.

    I’m 100% behind UKIP, but I will never vote for a trougher.

    The day they get rid of this creep, will be the day I vote UKIP.

  102. 102
    C.O.Jones says:

    Hitler, Stalin, Mao Tse-Tung or any of the Kims, all made with the same mould.

  103. 103
    Metellus says:


    Is that his new nickname?

  104. 104
    FFS says:

    It is only necessary in the EU because the EU refuses to monetise the bad debt run up in peripheral countries.

    People think that “money printing” and monetising of bad debt is the same thing. It is not. With bad debt the damage is already done – it mostly gets invested in property causing inflation of property values. If you monetise the bad debt (i.e. turn the dodgy loans that will never be paid off into cash) then it won’t cause any further inflation, because the inflation is already there – effectively you are resetting the bad debt and avoiding deflation (i.e. a dramatic reduction in broad money supply).

    If you write off debt or transfer assets to pay off debt then you are reducing the broad money supply, which will turn a recession into a depression (as we are seeing in Greece etc).

    If you transfer assets under state control to pay off the debt, who actually gains those assets? The banks? Well they can do that anyway. Maybe the state? Sounds like communism by the back door to me…..

    Maybe that is what the EU is planning. Communism by the back door. The state will claim the assets of the people and then use the assets to back money creation to pay off state debts. Certainly wouldn’t surprise me.

  105. 105
    Yeah,right.... says:

    And Ireland. Two years ago. A ‘one off’ and ‘minimal’ levy on pension assets.

    And you all know what ‘one off’ and ‘minimal’ taxes turn into.

  106. 106
    Steve Coogan says:

    Some people thought I was funny once.


    They were right.

  107. 107
    Vlad the Loudhailer says:

    What’s Nick Cleggs view on this?

  108. 108
    Dave Icke says:

    And you say there aren’t any lizard people.

  109. 109
    Anonymous says:


  110. 110
    Fucking Idiot Dave says:

    Good idea. Bookies and cruise companies turnover up. That means GROWTH

  111. 111
    Time 2 CTRL, ALT & DEL says:

    Nick has no views on anything until told to. likes his office too much

  112. 112
    Anonymous says:

    An excellent way to burst the latest housing bubble, hint to savers their savings will be taxed so they fight each other to invest in property.

  113. 113
    Postal Votes are Labour Loo Paper says:

    FFS get out of the EUSSR NOW.

  114. 114
    Warren Peace says:

    Stealing a % of UK’s residents money by stealth, would facilitate an unprecedented landslide for UKIP in the General as well as the EUSSR elections,the landslides achieved by Thatcher and Bliar would look tepid in comparison.

  115. 115
    Chas says:

    However they choose to pay down the current debt, I think the solution for the future to prevent a recurrence of the problem is public executions of those who ran up the deficit and therefore the debt in the first place. Hanging Blair and Brown in Parliament Square would send a powerful message to future politicians, and get rid of two of the most loathsome individuals of all time.

  116. 116
    Charlie says:

    The reality of WW2 was that there was little resistance in occupied Europe to the Germans. France and French moral collapsed and little effective resistance occurred before late 1942. Barely 20,000 German soldiers controlled France in mid 1940-mid 1943.

    The very wealthy will move the money in time. The middle classes who have saving and pensions are middle aged and older: these people are not good at violence. In occupied Europe there were plenty of people who undertook physical work and had some basic military training. Now very few of the middle classes are fit and have had any military training.

    Most of the Police come from a lower middle class background and would have few misgivings about bashing an middle middle or upper middle class person who was rioting about theft from their savings.

    Very middle class people are going to risk a criminal record for theft of 10% of their income.

    If one looks at Iran,Syria and Egypt very few middle and upper middle class people are capable of defending themselves.

    In Britain there has been a middle middle and upper middle class, who were capable of fighting: these were the boys who boxed and played rugby who served as officers in the Armed Forces, but this is now a tiny percentage of the UK population.

    On Youtube there are interviews of original members of the Commandos. The men being interviewed were in their 70s and 80s. One former Commando Officer said ” Of course one boxed at school”. How many middle class men can say that now?

    The greatest threat to democracy is apathy. If one looks at schools, one can see how few middle class boys can defend themselves from thuggish bullies , to realise that taking 10% of the wealth of the middle classes is unlikely to produce rioting.

  117. 117
    Little Nicky Clegg says:

    What’s good for Europe is good for us and especially ME.

  118. 118
    Tony and Cherie says:

    But it would badly affect us.

  119. 119
    LB says:

    Yes, but have the politicians told them about the debts? nope.

    If you haven’t been told that the UK has 7.1 trillion of state pension debts, are your responsible? In my book no.

  120. 120
    LB says:

    It would in Germany. It would mean the end of the Euro. I doubt that German politicians would be able to resist the German voter if they went down the lets steal your money.

    The Euro was supposed to be DM v2.

  121. 121
    Anon.2 says:

    Also, only criminals and servants of the state – with the exception of a tiny fig leaf of sportsmen – now possess firearms. No coincidence. To me also, the possibility of determined resistance would be zero.

  122. 122
    Call Me Dave says:

    If you include All the top tier pilitico’s and Piers Morgan I’m in for the win

  123. 123
    Historian says:

    The Times described how these processes work in an editorial published 28 August 2002:

    “It is at first denied that any radical new plan exists; it is then conceded that it exists but ministers swear blind that it is not even on the political agenda; it is then noted that it might well be on the agenda but is not a serious proposition; it is later conceded that it is a serious proposition but that it will never be implemented; after that it is acknowledged that it will be implemented but in such a diluted form that it will make no difference to the lives of ordinary people; at some point it is finally recognised that it has made such a difference, but it was always known that it would and voters were told so from the outset.”

  124. 124
    Intellectual Pygmy says:

    I hope they do it. Let’s see how keen people are on the EU when they are forced to pay for it directly.

  125. 125
    Captn P says:

    And yet the retards are suggesting it.

    I think its an odds on bet that they will do it. In their tiny minds it would solve the Euro crisis.

    Look how it fixed Cyprus :)

  126. 126
    Foggy n Smoggy in the Eurozone. says:

    IMF is hogwash. They told Osborne to change course but fortunately he did not listen.

  127. 127
    Small Potatoes says:

    I’ve got about 200 euros in an Italian account- and they want to see me about money laundering. Should I be worried?

  128. 128
    Anonymous says:



  129. 129

    Communism by the back door ! It’s there for all to see kicking in the front door wearing hob nailed boots.

  130. 130


  131. 131
    True Blue says:

    Have you proof positive to support your assertion that socialists are in possession of brain cells?

  132. 132
    Anonymous says:

    Alternatively, their complete contempt for the individual and for democracy enables them to implement it. The UK and other governments watch with interest, particularly if red Ed & co by then have the keys to No 10. Citing the well established need for residents to do their duty by their country, the UK government confiscates 9% of the savings of the mugs who have “done the right thing” and provided to finance their own retirement.

  133. 133
    Anonymous says:

    Europeans are not Pussies the Brits. They would hang Politicians and there would be revolutions.

  134. 134
    Anonymous says:

    Only if every minister of finance in the zone is executed…

  135. 135
    Alexsandr says:

    the euros will be a good way for UKIP to do product placement. a good euro showing may well entice more people to voet UKIP at the GE
    and dont forget there are council elections on the same day as the euros. We could see a lot of UKIP councillors.

  136. 136
    Alexsandr says:

    buy gold.

  137. 137
    Alexsandr says:

    dont save in banks then. use peer to peer and get 6%+

  138. 138

    “retarded” is redundant when speaking of socialists.

  139. 139
    Anonymous says:

    This is old news. Anyone with any money that still has anything in European banks is a mug and deserves to be raped. This will happen, only time and date remain to be decided, and if you are not paying attention, more fool you. People, wake up, they are screwed and the only way they can sort out their problem is by theft, pure and simple.

  140. 140
    erf453 says:

    Yes, but it can happen in GB as well.

  141. 141
    John Ward says:

    If you look at the date on the IMF document, you will see that Guido is a bit behind the music re this one.
    The MSM may have studiously ignored it, but the rest of the blogosphere didn’t….dear me, Mr Fawkes recycling old news, eh?


  142. 142
    kenwd0elq says:

    With Cyprus, the gimmick was that they only stole from non-Cypriots; i.e., the Russians. That they were stealing a lot from the Russians and only a LITTLE from the locals made it marginally tolerable.

    Who are the “Russians” in this scenario who have so much money invested in Euros that the locals will tolerate a little of this?

  143. 143
    Bill says:

    Don’t knock Nige. He may not be perfect, but his is the only game in town – the only (faint) hope we have of escaping the EU.

  144. 144
    Anonymous says:

    Australia, Canada, New Zealand, the USA and the UK all passed resolutions to allow the theft of savers cash last year. When Osbourn talks about “protecting the tax payers” and ” no more bailouts” he means banks will be saved by bailins. Ie stealing depositors cash.
    Coming to a bank near you soon.

  145. 145
    Hands off our retirement savings, Cameron! says:

    It’s not just the EU that would pay for this. If Cameron agrees to this unjust attack on middle England and savers, the Conservatives will be finished. I would resign my membership and join UKIP – along with most members of the Conservatives, I believe.

  146. 146
    TheBBCTalksShit says:

    The way they’ll do this is to pick off each country, one at a time, say next on the list is Portugal or Spain. The key thing you’ll notice when it happens though is that the Mainstream Media will barely cover the event – in an attempt to prevent people in the remaining countries from realising that they’re next.

    We’ve already seen this with Cyprus – how many people know what the eventual bail-in figure was, or that capital controls are still in place there.

    I’m still hopeful that they’ll fail and we’ll have millions of people marching on their parliaments and on the EU parliament. To see the politicians genuinely scared of the people again would be very good for democracy.

  147. 147
    TheBBCTalksShit says:

    Right, but that fact that you’re not (right now) means you trust Dave not to do this? He’s already done this through the backdoor with super low interest rates and QE??

  148. 148
    Expatriate Brit in Toulouse says:

    Looking forward to seeing this in France. Haven’t seen public guillotining since the French Revolution, and I bet the banks and government buildings will burn well. Now, just off to buy some gold while it’s cheap.

  149. 149
    Bulgaroma Defence Quango says:

    Of course not, all Bennies will be protected, as always.

  150. 150
    If it was Ireland, you could kill them says:


    Section 2, Subsection 7.

  151. 151
    Eurozone says:

    The €200 and €500 notes, and in many places the €100 note, are not routinely accepted in daily usage. They wouldn’t be missed by we plebs.

  152. 152
    You mean like this? says:

  153. 153
    Confused says:

    Had life savings in a Eurozone account (small amount).
    Didn’t like the Euro-vibes two years ago, and moved half into Sterling.

    What to do now? Advice on here probably better than in banks!
    Best advice probably to just ‘spend it and be damned’, to misquote Wellington.

  154. 154
    GCHQ, PRISM, GOOGLE and friends says:

    Guido, the site is now littered with Ads for buying and selling Gold!
    Is it you or is it Google & Sons?

  155. 155
    Thon Brocket says:

    (Shrug). They already steal a third, at least, of your wages, which is as much your property as your house or your savings. It’s just that they’ve been doing it for a couple of centuries, so the fuckwits think it’s the natural order of things.

    The state owns you, hide and tallow included. You’re livestock. It doesn’t tax you. It just allows you to keep some; and you don’t get to decide how much.

Seen Elsewhere

Users of Gay Hook-Up App Grindr Infected | TechnoGuido
ISIS Raising Funds Online Using Bitcoin | TechnoGuido
UKIP’s Youth Challenge | BBC
ISIS Operative: This Is How We Send Jihadis To Europe | BuzzFeed
Shapps Defends Bashir Defection | Seb Payne
Tory Leadership Contenders Jostle Over Europe | Alex Wickham
Cutting Taxes is Good For You | Art Laffer
Suspects Will Now Have to Prove Innocence | Laura Perrins
Labour Cllr: Cops Shouldn’t Stop Petrol Thieves | HandF Forum
Creeping Cultural Acceptance of Anti-Semitism | Eric Pickles
Time For Greece to Leave Eurozone | Allister Heath

Rising Stars
Find out more about PLMR AD-MS

Boris on British Jihadis. Apparently based on MI5 intel:

“If you look at all the psychological profiling about bombers, they typically will look at porn. They are literally w***ers. Severe onanists. They are tortured. They will be very badly adjusted in their relations with women, and that is a symptom of their feeling of being failures and that the world is against them. They are not making it with girls, and so they turn to other forms of spiritual comfort — which of course is no comfort.”

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