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bucolic_frolic

(52,448 posts)
5. The confiscatory power of government is limitless.
Tue Sep 9, 2025, 06:50 PM
Sep 9

During Great Recession lead-up and melt down, pundits, some using aliases to disguise themselves from their Money Center Bank jobs, ruminated on the distortion effects of Quantitative Easing, but never said what they might be. Many posts cited Federal regulations about banks, customer accounts, deposit box laws, and how they Feds could plunder them as well. Now most of the discussion was in the form of charging customers fees for holding money - negative interest rates like they had in parts of Europe, but the broader rules did not go unnoticed. Asset seizure, physical, digital, deposit could be on the table at any tiime if the right despot appears.

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