"The IMF is telling you what is coming. And I’m telling you the wealth confiscation is nothing to brush aside as impossible in America. We are a deeply, deeply troubled country. And deeply troubled countries always resort to unexpected solutions.",

 

Dear Friend,
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Now, I’m scared …
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And if you, too, care about preserving your personal wealth, then a new report released this month by the International Monetary Fund (IMF) should leave you paralyzed with fear and desperate to find measures to counteract the attack that will soon take aim at your pocketbook.

In the 100-plus-page report dryly titled Fiscal Monitor: Taxing Times, http://www.imf.org/external/pubs/ft/fm/2013/02/pdf/fm1302.pdf the IMF has essentially given lawmakers from deeply indebted countries a paint-by-numbers kit on how to extract larger tax revenues from anyone with any level of wealth. Though the IMF’s language is couched in faux-objectivity, the underlying message is shockingly clear: