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hey lieutenants an economist the most volatile evil disgusting things on the planet humans if you have very request you can only go to [ __ ] consulting com yeah I am gonna charge you kids and that is the importance of not [ __ ] you are such an [ __ ] everybody old captain here we have a video request and as always if you have a video request you could go to [ __ ] consulting com and if it's not a video request you want to be more of a private nature you just have a question you need some kind of consultation advice guidance or wisdom we do an email exchange as well Skylar rights hair and I just finished watching your video about bid cornea got me thinking you mentioned Cyprus and the confiscation of people's banks of bank accounts with the recent events taking place in Greece at the moment I was wondering other clear warning signs that a government is going to seize people banks of bank accounts and if so what would those be when do we need to start worrying and get our cash out of the banks i live in Alberta Canada so I mainly ask about Canadian banks as that's where my money is by guess Canada and the US are not too different and ever since the socialists were given the keys to the castle here in Alberta kind of extra motivation and no one understand the signs of governments getting ready to confiscate our money thanks so much and let me know I owe you for this video Skylar well the Socialists taken over a nail bar because albert is a province and not the national government don't have to worry about it their state or local governments do not control the currency are confiscating banking policy unless it I guess it technically could be I don't know if it's the same in Canada there are state chartered banks um but that's that's a different world but obscure world we won't get into but you do not have to worry about your local elections affecting directly anyway I'll whether or not they're going to give you a haircut or tax your bank accounts ah but to supply are there specific signs yes and no but here's if those signs start popping up it's like you better move man you better move really quickly so let's let's understand why you would worry about your bank accounts being confiscated you think your bank accounts being confiscated is because the government has nowhere else to go to get money the economy is so poor that they raise taxes people would slowly economy down your neck being arranged will go down to consider the lap record by author laugher or people just throw the money in the underground economy or you've just you've just taxed the economy enough that any additional taxation people say [ __ ] I'm going on the government dole so you taxing your population is not good or it's just politically impossible not popular so you're not going to do that you already have a ton of debt and deficits your finances are so bad like sites Messiah the Cyprus and Greece that no one's going to lend you money anymore and in the United States a dual lesser extent Canada well let's just take care of it in the United States we have to worry about that because we got the world's reserve currency so you can [ __ ] you owe everybody wants to suck our dick and it's true it's sad but it's true everyone does want to sock our dollar dick and that allows us to print off as much and borrow a very low interest rates because we're considered a safe currency because the world believe it or not is even more [ __ ] up than the u.s. is right now so that gives us the ability to write blank checks and finance our stuff but most countries are not like that so if you're not the world reserve currency your economy is in the [ __ ] you can't tax your people anymore and you're already running huge debt and deficits you're going to have a hard time finding anyone that wants to lend you money like right now no one wants to lend Greece mine because they're a bunch of lazy [ __ ] no why would you lend money to a deadbeat this is like the pot smokin roommate of yours who like is already six months behind on rent dude like I mean that's it greasin that the pothead American dope who's like 22 is still living off of his road like a little bit i know i have a drug punjab you start being me down there you like with the system dude man case of bankers control you and everything man is leave me alone you know that's a that's grease that was Cyprus so no one's to lend those people money sold now what they had to do is they can't tax income they can't borrow money they don't have the world's reserve currency so what they got to got to go after assets and that's very dangerous because now you're going after people's private property you said well this is your money we already taxed your income we've already taxed your sales but now we're going to go after assets that you thought were yours and you've seen us in other forms like if you go through especially in land American South America and former Rhodesia South America Zimbabwe know they did land redistribution whether just grab people's lands and okay you're white [ __ ] you and we're going to give it to other people know and that's a very very short history of Zimbabwe and Rhodesia so what that does to short-sighted short-term politicians just care about their neck being not cut for the next five to ten years so they can just live in luxury not not have to actually work a real job that does placate the masses a little bit because you sticking it to the rich you stick it to the rich [ __ ] the rich but what it does medium-well human short term might say about medium or long term is it also a new file a private property you're telling people there's no such thing as private property and people well [ __ ] it why would I work you're going to take my bank accounts you're going to take my land you're gonna take my wealth my assets you know I got text my income there's kind of an agreement I work up a hundred thousand you take forty percent all right now I get to determine whether or not I oh that's a a good deal for me but after that I should be able to keep my sixty percent if I agree to that oh wait no I gotta pay a percentage of my wealth now to you and for my bank account all that so those four or five things I mentioned before where your government is so desperate has no other sources of income to go and pay back debts to pay off the bribe money to your parasite classes and your welfare bums now they got to start taxing wealth the guests are confiscating assets that's the point in time you got to worry now there are some more immediate signs that will come I kind of jotted down some notes some things look out for one there's an election or there's already the existence of a socialist or left president premier whatever you want to call prime minister and a leftist Congress or legislature of parliament all right once you have that in there they got the votes to make this happen all right the second thing is there will usually be talk of this they might hide it or try to obscure it or veil it euphemistically but in the end they'll let you know like in 2008 there are a couple Democrats talking about confiscating our fall in case and taxing them or doing away with them and having people forced to contribute to another social security like quote private pension so we start here and talk about that that means that the plans and they have already been drafted they may not be in be executed but people have already get there looking at in their eyeball on your bank accounts and then the next thing is that there's a big economic shock stock market crash the financial system looks like it's in trouble so repos go up property bubbles typically precipitate this like well you know here in the housing crisis we had you know price to rents were through the roof dividend yields are insane especially that financial sector is in trouble because then the government's gonna have to bail money and you don't have the reserve currency you just gained you don't have your own that's enough you don't have your own currency like you're part of the euro you just can't print off more drachma or Deutsche marks or what was the fake one Figgy foods I came up with a new mythical sir currency called Tiki foods I'm worth eight point six trillion Figgy foods on the world's first trillion actually the Zimbabweans were the world's first trillion heirs there are a lot of trillionaires diamond Zimbabwe uh what was it going with that so uh but they'll telepath their moves like like sparring like if you like that the guy knows you're going to throw a right if you go down like this you go left so there's you know you'll watch the politicians telepath removes but here's the thing especially in Canada but most other places interest rates are so low hex on places interest rates are negative that you're basically paying the bank to be safe keeper of your money and if the finances of the government are so bad that you got to worry about a 7 5 10 20 and 5 50 percent haircut or confiscation of your your bank accounts do there's a lot lower chance of that happening from a thief coming to your home and stealing it so what I recommend is get a goddamn safe go convert the lion's share of your cash into or convert just pull it out of the bank's get yourself a safe drop the money in on it yeah I dread have to pay a two hundred three hundred a thousand bucks for good quality safe or you know what else see the problem with saves us and then a safecracker no I that's where the money is so you better buy a really good safe than your not be around other people recommend um caching caching caching see ACH ing CAC hei energy it's like a cash a cachet and what you what the benefits of that is is you divvy up your money and you bury it you literally squirrel it away in different places so if a thief comes to your house and finds it underneath the floorboard or you know you you I don't know you hid it in a sock you know you're an idiot and you put it in the sock drawer and they find your cash and they make off with it well if you catch it and put it in multiple different places you don't even need a safe because okay the thief comes in your house you only have ten percent of your assets in your house and they steal your ten percent assets well you have some money over your buddy bills house you have some hidden in your backyard you have someone in the some in the tree down the road that's secretly marginally you can find it so there's other ways to do it there but yeah if you think they're gonna confiscate your assets did it the [ __ ] out get it that's why the Greeks shut down the bags they didn't want a pink run so I know um do you have to worry about again I don't really think so the Canadian government is much more conservative and at least in terms of its money and its finances and its banking system the US has been of course they don't have the world's reserve currency but you are to a certain extent dollar eyes by hours um unfortunately yes you may depend heavily on the United States economy but that's also a good thing because by default your kind of what would it be like it's like you're so closely related to us in terms of economic genetics you're very similar to us that you still have some of that immunization do to us having the world reserve currency so we're cut consider cannot the same economic regional zone it kind of like the euro maybe not really but you'll have us kind of the fact that you're so interwoven with the US economy you will benefit from the dollar strength kinda if that makes any sense but your finances are typically better especially the banking when I saw what the banks were doing here because the bank's up there I think you guys are in better shape but still if you're worried about it you know you guys got Harper well it's not too buddy [ __ ] Trudeau gets in there oh [ __ ] yeah you might want to think about pulling on Elina and what's your interest rates that's another thing your interest rate is jack [ __ ] what one two percent maybe uh it's it's not worth it you know the your money's just sitting there you might as well go and invest it somewhere or at least have it out and be safe so anyway so that's what i recommend you know don't uh better better soon than sorry better late than never know if you're too late to look too little too late is the axiom I guess is what I'm looking for get some of your money on if you're really worried about this get some of your money on it's not like you're going to lose that much money one or two percent maybe ten percent by theft if you're smart enough to hide it in multiple places and a thief comes in and grabs maybe ten of it but that's better than the [ __ ] government or the UN coming in there and confiscating fifty percent of it so another one final thing if you cook the Cyprus I read an article like what if finally boil down to if you're the poor you are the lower your balances the the less likely to be confiscated because remember the people the politicians are going to confiscate the rich because they don't want to lose their votes so and if you only have like say ten thousand dollars I don't think they're going to come after you but still it's up to you if you if you think I gotta my guys going to happen um yeah it could it could but they they don't go after small fry they typically don't it best of luck to all of you tools you