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The Latest Tactic For Governments To Raise Cash
06-12-2014, 05:50 PM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
...over the last few years, one of the most creative ways that bankrupt governments have come up with is to confiscate what they consider “dormant” bank accounts—this would be an account without any transactions over a specified period of time.

The UK was the first on the scene with this idea with the 2008 Dormant Bank and Building Society Act. It was passed just in the knick of time right as the entire financial system was collapsing.
..............
In case you’re wondering, yes of course, the Land of the Free has similar rules.

In fact, each of the 50 states has its own regulations pertaining to the seizure of dormant accounts. And the grand prize goes to… the great state of Georgia!

Georgia’s Disposition of Unclaimed Properties Act sets the threshold as low as one year.

In other words, if you have a checking account in Georgia that you haven’t touched in twelve months, the state government is going to grab it.

http://www.zerohedge.com/news/2014-06-11...raise-cash

gaah.gif gaah.gif gaah.gif
06-12-2014, 05:54 PM #2
Octo Mother Superior
Posts:42,590 Threads:1,469 Joined:Feb 2011
One year??? blink.gif That's not very freakin long...
06-12-2014, 06:08 PM #3
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Outright theft. Anyone with money in the banks isn't paying attention.
06-13-2014, 01:18 AM #4
Wicked Oblivion Member
Posts:10,776 Threads:720 Joined:Oct 2012
"Hit em where it hurts"...Our wallets and pocketbooks..."Cough it up evermore cash for us or with gestapo like emulation we'll suddenly hurl you into a steel cage"...Their usual iron fisted tactics...And any wave makers who dont willingly and robotically comply homelessness and imprisonment and death await you...
06-13-2014, 02:09 AM #5
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
damned.gif I had no idea that kind of thing was going on wtf2.gif

wonder.gif



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