THE GREAT EUROPEAN CONFISCATION
Europe deindustrialized and blew up the economy.
Now, EU countries are bankrupt and preparing for asset seizure.
Central banks are insolvent. This is how they bail them out:
First, they printed trillions and told you inflation was transitory.
Now, they're taxing trillions and telling you taxes are transitory!
Don't believe me?
🇫🇷 France just announced new tax hikes.
But don't worry: they target the wealthy.
🇮🇹 Italy will raise capital gain taxes from 26% to 42%.
But don't worry: they target only Bitcoin.
In order places, it's plain wealth taxes.
🇳🇴 Norway raised wealth taxes to bring an additional $146M in yearly tax revenue.
Instead, individuals worth $54B left the country, leading to a loss of $594M in yearly wealth tax revenue. A net decrease of $448M.
🇪🇸 Spain just recorded 1,000 fewer high-net-worth taxpayers — the first negative millionaire migration since the country imposed a tax on wealth.
Thousands of millionaires are leaving while (coincidentally) tax pressure is at all-time highs.
When voice is no longer an option, exit...
BUT THEY ARE TRYING TO BLOCK THE EXITS!
🇬🇧 See the UK. Millionaires and billionaires are escaping as fast as they can.
Just in 2023, the UK lost around 12,500 high-net-worth individuals (HNWls). 9,500 more are expected to leave in 2024.
The proposed solution? An exit tax for citizens leaving the country!
Modern feudalism is coming to European countries.
Leave, but leave behind your assets.
WHAT'S COMING NEXT IS NOT JUST INFLATION AND TAXATION, IT'S CONFISCATION.
First, they will register all your assets in a central EU register to "help with financial transparency"
Your bank accounts, shares, cars, precious metals, works of art, and Bitcoin... register it all to "fight money laundering"
So eventually, they will try to seize your Bitcoin.
Just like the US seized gold with Executive Order 6102.
Eventually may be soon.
So buy Bitcoin and get it off exchanges. They can't seize Bitcoin you self-custody.
What will they do instead? Revoke your passport.
A mobility freeze—similar to what they did in 2020 with endless lockdowns and exit denials—is comparable to an asset seizure.
Both are government crackdowns on freedom.
Protection from asset seizures is not just about protecting your money with Bitcoin, but also protecting yourself with alternative passports.