The world is moving towards Socialism.
This means wealth taxes and wealth grabs are coming.
In Europe, populist movements are on the rise, all of them vehemently opposed to any kind of austerity. The fact that these groups are gaining political clout when the EU economy is doing relatively well indicates that they will only be more powerful as soon as the next downturn hits
Meanwhile, in the US, the left is openly embracing full-fledged Socialism, with open calls for Wealth Taxes and various other capital confiscation schemes.
All of this is aimed at one thing: plugging this gap.
The reality is the economy never really came back from the 2008 crisis. This latest uptick in growth was the result of massive Government spending, not some organic shift in growth. So with GDP so low relative to Debt, the political elites are desperate to get their hands on more capital.
As I detailed in my bestselling book The Everything Bubble: The Endgame For Central Bank Policy, this will involve wealth taxes, wealth grabs and more.
And if you think this will only be targeted at the very wealthy, consider that the IMF has already proposed a 10% wealth tax on NET wealth for everyone.
This is just the beginning. We’ve uncovered a secret document outlining how the Fed plans to both seize and STEAL savings.
We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.
We are making just 100 copies available for FREE the general public.
You can pick up a FREE copy at:
Chief Market Strategist
Phoenix Capital Research