Guest Post: US Government Seizes Pension Funds, Invades Pakistan

Tyler Durden's picture

Submitted by Simon Black of Sovereign Man

US Government Seizes Pension Funds, Invades Pakistan

There are certain times in life when a man is faced with overwhelming
adversity… times when he has no reason to adhere to society’s norms
anymore.  It is in these instances that the true quality of his
character comes shining through.

One of these situations is when he’s broke. Dead, flat broke. Some
people, even when staring deep into their own financial abyss, still
hold to their moral principles, honor their obligations, and keep their

For others, the boundaries of morality are quickly blurred into
shades of gray, and things like fraud, thievery, and deception become
perfectly legitimate tactics in their minds.

Speaking of broke, faced with what is tantamount to the official
insolvency of the United States of America, policymakers have opted to
seize funds from the retirement accounts of public sector workers in
order to keep the government running.

Wow. America’s leaders are willing to engage in cannibalistic
thievery in order to continue funding government operations. I wonder
what sorts of operations are so important that they are willing to steal
from their own people in order to finance? Any ideas?

Apparently, starting a shooting war in Pakistan was at the top of their list.

In the most insulting, disingenuous display of insensitivity and lack
of regard following such a momentous financial decision, the US Defense
Department decided to send helicopters into western Pakistan in a
search for more ghosts. Pakistani military fired on the choppers, and
the choppers fired back.

Seems like a good use of confiscated funds, no?

Never fear, though, the cracker jack squad of politicians in the
112th Congress is clearly hard at work, spending all of their time and
attention at resolving the debt crisis and budget troubles.

Rep. Sheila Jackson-Lee of Texas, for example, proved to America that
she’s focused like a laser beam when she introduced bill HJ Res. 64 on
Friday afternoon. What exactly is HJ Res 64? It’s a resolution to express support for designating September 2011 as Gospel Music Heritage Month.

The similarities to Nero playing his fiddle are all too obvious.

Adding injury to insult as it were, Ms. Jackson-Lee followed up HJ Res 64 with the introduction of HR 1900,
yet another bill to give TSA sweeping powers over “surface
transportation” such as train stations and bus terminals. Now you can be
molested in planes, trains, and automobiles. Coming soon: shopping

Not to be outdone by Ms. Jackson-Lee, Senator Barbara Boxer just introduced Senate res 177
to designate May 15th through May 21st 2011 as “National Public Works
Week.” Wait a sec… that’s this week! Well what are we waiting for,
comrades!?! Grab a shovel, there’s dams to build!

2011 national public works week itenerary 300x98 US government seizes pension funds, invades Pakistan
To cap things off, President Obama is getting ready for his highly
publicized trip to Ireland next week where he will visit the ancestral
home of his great great great grandfather, a small town called

About 298 people live in Moneygall. The town has swelled for the last
two months as US Secret Service agents and the President’s
administrative entourage have descended upon the town to prepare for his
visit. Important issues must be tended to… such as, “what kind of beer
will the President drink?”

12122 xlarge 300x169 US government seizes pension funds, invades Pakistan

I couldn’t even begin to estimate what the cost of this trip will be
to US taxpayers… but somehow I doubt it’s worth a single penny of seized

Like I said, there are certain times in life where a person’s true
nature comes shining through. The government is telling us here that,
even when faced with insolvency, it will happily confiscate any source
of capital it can, and then continue squandering it all on useless

It really leaves me wondering when people are going to wake up and say to themselves, “Enough is enough!”

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smlbizman's picture

power without competence

Fiat2Zero's picture

+1. And look at the blond haired adoring dweeb behind him.

francis_sawyer's picture

Is Obama holding up a urine sample there?

See??? Look!!! This PROVES I was born in Hawaii!

I Told YOU So's picture

I think he has his hands in his pants...

TIMMAYYY's picture

it more looks like the priest of da vinci code....I told you obama was in the big cult. which i assume will just be a group of dudes sitting around....dreaming of the architect whilst wanking over a biscuit someone will be eating in end...


the queen is visiting the land of ireland now...i guess the elite are carving up the place after ravaging it like a group of...twats...

smlbizman's picture

as my internet {comcast} is quite frustrating today.... i am sure when the time comes the internet will be taken from us  and repalced with certain "approved" content

theprofromdover's picture

Who do you think encouraged Microsoft to buy Skype (at any price)?

SilverDOG's picture

All is currently filtered anyway.

Only UK and China filter the internet content more than the USA. 

Have no fear, USA will reach #1 shortly.

FreeNewEnergy's picture

I wish people would stop all the nonsense over the internet kill mechanism and think it through. The internet is a major source of revenue, not only for major corporations, but millions of small businesses, banks, and the government itself.

The government can't shut down the internet, though they are dying to tax the living shit out of it.

Currently, there are fortunes being made on the internet and the .gov haven't yet figured out how to capture all that cash, but they are working on it. It was created by government, and there's no turning back from it now, no matter how unruly it becomes.

Long-John-Silver's picture

You are not looking at the big picture. They need to save the Post Office where they can monitor all communications. This is too difficult to do on the Internet.

fuu's picture

Umm. Not to burst your bubble or anything but it is easier today to monitor everything than it was back in the days of snail mail, copper wire, and tape drives. Everything is recorded and stored. Disk space is cheap. Server space is cheap. CPU cycles are cheap.


Here is just one example:

NotApplicable's picture

Why does fedgov need revenue, when they can just steal from other places until congress cries "Uncle!", and raises the debt ceiling?

As for the rest of entities you note, their failure is a political mandate to "Save Them!"

When choosing between power and revenue, power will win every time, as winning power increases opportunities to extract further revenue from whatever other sources are left, until they too are bankrupt.

Basically, government is a downward spiral of destructionism created to ensure a need for more government. To believe that anyone within it cares about others' revenue streams (sans the crony "capitalists" who are already part of the governing system) is a laughable concept.

While the net is very decentralized, and impossible to control, it relies upon very centralized core routers already under government control. While individuals could work around this by making a shared mesh network of all of our wifi routers (avoiding public networks completely), I'm sure this will be deemed terrorist activity.

ManOfBliss's picture

It would very VERY easy to shut down the internet.

They strong-arm the primary service providers. That's all there is to it. 99% of mainstream internet activity would go dead.

WeekendAtBernankes's picture

Your last paragraph is so true.  It's left me with a rather deep, uncomfortable, and disconcerting feeling.

ManOfBliss's picture

That's EXACTLY why they WANT to have "kill-power" over the internet.

It's the newest and only bastion of something resembling freedom.

They'll both have power to kill it, and tax it. By getting control over it, and deciding whether it lives or dies, the power to tax it comes easier than ever.


Manthong's picture

If stupidity was gravity, what would Sheila Jackson-Lee be?

Rodent Freikorps's picture

A very dense, racist idiot?

I'm not going for the set-up.

flacorps's picture

A singularity. See, you can finesse the setup.

Rodent Freikorps's picture

I thought about going with quantum singularity, but I thought it might sound to Trek-ish.

Manthong's picture

It's a thought experiment.. not my fault that infinitely dense objects are devoid of light.

BigJim's picture

Sheila Jackson-Levity?

Dr. Kenneth Noisewater's picture

Paging Dr. Reinhardt..  Paging Dr. Hans Reinhardt..

YHC-FTSE's picture

A short indian from Hollywood.

(Red Dwarf Star)

gbresnahan's picture

They stole our money to hand over to failed companies like AIG, Citibank, and GM.. Why are we surprised when they steal our money again?


Personally I fear for our retirement accounts.  There's like what over $10 trillion in there?

trav7777's picture

yeah but they can't exactly liquidate those accounts, now can they?

Borrow against them and hand them over to bankers, probably

ColonelCooper's picture

I guess the ChairSatan could buy them for freshly inked bills.

cossack55's picture

And the difference is.........?

dussasr's picture

The gubmint could nationalize the pension funds and use the money to prop up Social Security which is basically what Argentina did a few years back.

Smiddywesson's picture

You are darn right to be fearful of losing your retirement account.  Average Americans have no jobs, income or savings.  The USG can't get the money through the tax system.  The only unprotected pool of money is retirement accounts.  Say goodbye to the Roth and IRA.  They could just pass a law removing tax protection for any IRA unless it is in treasuries.  Simple as that. 

Everytime this happens, the first thing a bankrupt country does is attack pensions and retirement savings (Argentia).

NIRee's picture

Same happened in Sweden aswell.

NotApplicable's picture

Don't cry for me, Argentina...

Missiondweller's picture

Our leaders have no shame. No shame at all.

disabledvet's picture

God save us if they do.  It's the only thing holding the country together right now.

NotApplicable's picture

You mean YOUR leaders.

Shameless? Well, that's what you get when you try to choose mine.

DoChenRollingBearing's picture

.gov strikes again!

Can I just go back to sleep, and one of you just wake me up when our national nightmare is over?  Appreciate it, thanks.

Mr Lennon Hendrix's picture

I am having a glass of red with my breakfast.  This may become the norm for awhile.

SecondComing's picture

Blood: It's not just for breakfast anymore.

ColonelCooper's picture

First thing this morning, I finished off the drink that was half gone when I passed out last night.  It seemed like a waste to not keep right on going from there.

RichardENixon's picture

I'm a light drinker. As soon as it gets light I start drinking.

Cindy_Dies_In_The_End's picture

Ahh, the spirit of fello ZHers. God (or whatever deity or non-deity) bless alcohol.


Group hug.

1100-TACTICAL-12's picture

I've been tryin to lay off the jug & stick to beer, I find it damn near impossible. All the shenanigan's will drive a man to drink..

ColonelCooper's picture

I only drink beer when I have to drive.  Or am driving.  Or out of bourbon.  Or fishing.  Or it's hot out.

A Nanny Moose's picture

I use to have a rule to never drink till the sun went down. Someone much wiser than myself once pointed out that the sun is always down somewhere.

AA is for quitters.

Larry Darrell's picture

And why wouldn't you?  After all...


You can't drink all day if you don't start in the morning.



Ham Wallet's picture

the US Defense Department decided to send helicopters into western Pakistan in a search for more ghosts. Pakistani military fired on the choppers, and the choppers fired back.


Anybody got a link to this story?  I haven't heard of this til now.

LFMayor's picture

there's a link on drudge Ham.