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December 8, 2015

Greeks Told To Declare Cash "Under The Mattress", Jewelry And Precious Stones

When earlier today we read a report in the Greek Enikonomia, according to which Greek taxpayers would be forced to declare all cash "under the mattress"
(including inside) or boxes that contain more than 15,000 euros as well as jewelry and precious stones (including gold) worth over 30,000 euros, starting in 2016, we assumed this has to be some early April fools joke or a mistake. After all, this would be merely the first step toward full-blown asset confiscation, conducted so many times by insolvent governments throughout history, once the government cracks down on those who made a "mistake" in their asset declaration form or simply refuse to fill such a declaration, thereby making all their assets eligible for government confiscation. | Zero Hedge

Posted by gerardvanderleun at December 8, 2015 1:43 PM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

With the debt that this Government has run up, it won't take much for them to demand the same thing.

Remember, they consider it their money, not yours.

Posted by: Vermont Woodchuck [TypeKey Profile Page] at December 8, 2015 10:45 AM

Sorry, but I spontaneously LOL when I see such silly things.

Kinda like the other day when a friends 7 yo son pointed a toy 6 shooter at me and said, "Stick em up."

Posted by: ghostsniper [TypeKey Profile Page] at December 8, 2015 1:31 PM

Having wisely blown most of mine since turning 21 some 64 years ago, I have nothing to fear.

Posted by: BillH [TypeKey Profile Page] at December 8, 2015 2:05 PM

The Greeks have an enormous pile of undeclared cash that they accumulated by tax evasion, and the Government expects them to declare it now.

Who runs Greece? The Underpants Gnomes?

Posted by: Fat Man [TypeKey Profile Page] at December 8, 2015 2:41 PM

Does anyone remember Obama's slick idea of the "MyRA set up by the Gummint, run by them for your benefit? Yup, about two, maybe two and a half years ago.

Your 401(k) can be grabbed easily, the houses that hold them will turn over the holdings. IRAs are tougher since they might be in local banks.

Don't forget Argentina did confiscate money and issue worthless bonds back in the '80's.

Greece is run by Socialist/Communists Fat Man, they're about as swift as one legged jogger.

Posted by: Vermont Woodchuck [TypeKey Profile Page] at December 9, 2015 2:54 AM

It's been little reported that the "Bail in" theft perpetrated against the Greeks whereby bank deposits above a certain amount are converted into equity in the event of systemic bank failure: any day now, folks, is now law in the US.

And there are still morons who prattle about the Land of the Free.

Posted by: bilejones [TypeKey Profile Page] at December 9, 2015 3:15 PM

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