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Buy silver and protect your wealth. Remove the criminal banker syndicate from grabbing what you have, as after taxes rise to meet this endless corrupt fiat demand, confiscation of your pensions and 401K's is next.
This is just more digital monetary creation from nothing; backed by nothing; with no value but the decree from an entity that is not even a government... therefore with no military or industrial backing.
Silver, gold, and commodities are the international currency of choice NOW. Without real gold backing, no single entity will have the legitimacy to replace the multi tiered currency system we have today .. just the currencies will weaken over time to tradeable commodities.
We already see this in the market today; considering the dollar is the international currency and its performance shows a lack of faith in ALL currencies; changing the name, rank or serial number by fiat wont change the gut level reaction of self preservation and self protectionism by nations in their continuing flight to real commodities and out of fiat currency.
Yes, default, just like a fiat currency. Print too much paper? No skyrocket in asset value, only default for those who hold PAPER. Tuff Shitt.
A single currency means one-world government. It is no longer a debatable point.
Only those nations that retain their orientation toward survival, that keep a sense of identity and refuse to allow that sense of identity to be dissipated will succeed as a people, as a culture. Paraphrased, these are the words of Gregory R. Copley of GIS.
International bankers hate nationalism. They want to be able to operate quickly and profitably without restriction or borders by pressing their buttons and not dealing with protectionist governments. The oligarchs hate nationalism because they can’t steal a people’s resources and labors. They’re nailed down.
For nearly a century, the internationalists have been in the business of molding public opinion in support of globalism and internationalism, away from nationalism—away from the principles of the Founders that made American great.
The Rockefeller Foundation minced no words in 1946 in advocating globalism:
“The challenge of the future is to make this world one world—a world truly free to engage in common and constructive intellectual efforts that will serve the welfare of mankind everywhere.” -- a “common world” designed around international collectivism.
America must establish her own currency and run Bernanke and his Fed of international bankers and their “world reserve currency” out of town. America’s “world reserve currency” is nothing more than a stalking horse for the international investment bankers’ one-world currency – the SDR, the bancor of John Maynard Keynes’ 1944 proposed global bank.
“When the IMF was created, it was the vision of Fabian Socialist John Maynard Keynes that there be a world central bank issuing a reserve currency called the ‘bancor’ to free all governments from the discipline of gold. With the creation of SDRs, the IMF had finally begun to fulfill that dream.” – G. Edward Griffin
The Creature From Jekyll Island is the best book I've read in my lifetime.
My only caveat is that when the government declares force majeure due to alleged threats to the financial system, it will mean that all of you will need to be prepared to protect you physical in the face of the heaviest armaments you're going to see in the world.
Yep, the next "crises" will mean they'll try to confiscate private pensions.
It will be for our protection from the evil Wall Street capitalists. When the market crashes people will get the rest of their 401Ks wiped out. They'll be so discouraged they'll give up.
When the 401ks get taken, brace for impact. I expect the day of reckoning not to be far beyond. After all why keep up the facade after all the wealth is sucked out of the US. Probably burn it down for the insurance money.
By "taken" I hope you mean devalued via crash in all asset values except for PM's. The uberclass will not be so crude as to forcibly confiscate anything.
They'll be exchange for treasuries and you'll be told "it's for your own good" and you'll like it.
If they can print money at will, why go after worthless 401k plans and piss everyone off?
[If they can print money at will, why go after worthless 401k plans and piss everyone off?]---Dona K
That's a good question, Dona.
I expect retirement account values will get so hammered on the next leg down in stocks/bonds, AND the government's new "alternative" retirement vehicle will appear so attractive, that pension/401k/IRA account owners will be begging to take the govt's offer.
The "collapse" is not going to happen too fast. The preferred method is an "erosion" of wealth. How much was a loaf of bread 20 years ago?
Be not afraid that your 401-k will be seized by shock troops. It will be destroyed again like the crash of 2000, 2001, 2008 plus the cancer of inflation will eat away at your buying power and so forth until there is nothing left and no one to blame but you because you were greedy and demanded a life style above that of a Mexican peasant so you got your college degree and did all those things the "experts" said to do so you'd have a good life and you will have been blind sided once again.
Yep. Blame the victim.
I saw it happen during my brief career in LE countless times.
Oddly, many/most victims are made to feel culpable easily enough.
The truth capsulized. Well said, macholatte.
Yeah I mean taken. But no not direct confiscation, but I can see them being forced into "War Bonds" "America Bonds" or some other lame name. The cycle up and down hurts people, but the masses are spread out into asset classes, can sheer off flesh but to eat the whole beast must shove it into one asset class to devour.
Like being in stocks will protect to a degree from dollar death. Being in bonds protects from market crash. So without a forced consolidation the only way to take it would be to crash market and keep it down while devaluing the currency. To difficult. Besides when get taste of austerity and the gov will say "It we don't tap the 401ks then no more SS. but don't worry, you'll still have your 401k, we just need it for liquidity". The words will be different as they have expert speech writers but that will be the gist of it.
wonder if you care to speculate on relative probability of "buy bonds" enforced on self-managed IRA in a trading account vs. 401(k); which is taken out first?
I would guess same time. Now they might not hit self directed IRA, but I figure they would just "shock and awe" the whole field. And I mean ROTHs to, can't let the plumb escape.
They're going to asset strip, so why leave chairs in the place before you burn it?
It's a hard truth, but the younger generations will become quite sick of footing the bill for Grandma and Grandpa's retirement when they know they'll never see a dime. We're headed for a future where everyone will need to pull their weight.
Bull! Some have actually put enough away to fund a retirement without SS. But of course it will be looted off them to make them more dependant on the system. System robs a person their whole life and then finishes it off by stealing the little nest egg they put together for the twilight years.
It won't be about pulling old weight, it will be about putting down the old. "Well we can't afford to keep Grandma around anymore so we had to put her down" And don't think it will stop there. Need to justify ones existence to stick around. After all have to be austere in the planned society.
"I've seen the future brother; it is murder" - Leonard Cohen, The Future
Population deflation. Pushing up daisys is going to be a common career in the near future. Unfunded liabilities are just smoking craters at this point.
Don't get down to 500 million from here without a lot of deaths. It's just a matter if it's a quick death or a slower unwind. A mass kill off, vs sterilizing the public for example.
Those unfunded liabilities will never be met in real terms, might have dollars tossed at them but lwho knows what it will be worth at the time.
Yes.. People who worked hard to put something away for the future will hopefully be able to see their savings be put to use for them... Unfortunately i think most gambled their future on the housing bubble. I'm in my mid thirties and i doubt there will be a retirement for me.
Oh I agree most don't have much set aside, but there is a lot of money in there in the aggregate and it will be taken. The taking the 401ks is a good wealth grab as well as making those who could be independent dependant on the system. You think there is a hue and cry about touching SS now, wait till after the retirment assets are looted. It will literally be a battle of life or death. After all does walmart need that many more greeters?
That's not to say that every old person will cast aside by a certain age.. different support systems will come about. The home economy will become much more important again. The extended family will make a comeback. The older generation will take on certain duties to free up the working generation to allow the survivial of the unit. There will be a lot more people involved in the production of food. A lot of skills will have to be relearned.
Also I think the fraternal organizations will make a comeback. Social capital will be very important.
Look at how families treat each other now. Will they come together to provide for those seen as a burden or wish them to be "die for everyone's good". This is not the vulture of our fathers or grandfathers. Look around you, turn on your TV.
You can argue that the older gen can watch kids, well kids are slowly getting phased out as people are forced to run on the debt treadmill for school.
I'm willing to bet a lot of the old will simply be cast aside. Not all of them, but a number that should shock the conscience. Though in some way it is their fault. They participated in the ponzi hoping ti cash in, but turns out they guessed wrong. How much better would things be if our parents or their parents had stood up to the building of this system?
I don't see this sort of legislation (to seize 401K/IRA) making it through the US House of Representatives, even under dire circumstances. I can only see this as coming from an Executive Order. Anyone disagree?
I don't even see it as necessary, when they can just diminish the relative value of everyone's pension pot through massive (and under-reported) monetary inflation. They're already doing that now, and congress can't/won't do anything about it until the sheep wake up and vote in representatives who will end the Fed.
Which is why educating the masses on this subject is so important.
And now the real purpose of "Health Care Reform" is revealed. Just a vehicle for the Fabian Eugenicists. Kill the useless, except the elite, of course.
Patriot Bonds, for godsakes think of the children!!!!!!
The uberclass will not be so crude as to forcibly confiscate anything.
What part of "exchanged (against your will) for government guaranteed annuity" do you not understand?
A ponzi scheme building upon another ponzi scheme.
The EU kicked the can down the road a year ago...now we're at the end of the road.
Ben bernake will be delited that his most succesfull german franchiser Peer Steinbrück again on the board. No probs withs burning everything down to the ground. RMB soon :-P Ehm, DOW 42.000 ?
Just like Goodfellas. When you can't squeeze another dime out of the joint, you blow it out.
FRN's = explosives. Party on. BB needs alot more still. Nothing worse than blowing the joint with too few explosives and have wounded people rolling around whining. Got to kill em all. Lots and lots of explosives needed. Never enough really.
Ha, thats good, burn it down for the insurance money.
First executive order 36544521 will be issued: All insurance settlements paid to the Federal Government will be paid in .999 fine gold, fixed it.
"After all why keep up the facade after all the wealth is sucked out of the US"
Who (in their right fucking mind) would <junk> Frank Fucking Zappa?!?
Jesus Christ we're fucked...
Even Zappa's instrumentals upset the sheep.
S.O.B. BANKERS ! when the hell do we riot ! damn gangsters/banksters have done enough ruination & damage since 1913 ~~ it's time to take them on ! take them out ! I'M NOT TOLERATING THIS ANYMORE ! If I have to stand on the sidewalk by myself with my own protest sign & covered in a sandwich board, I'm doing it ! Extricate yourselves from the system & make yourself as small as possible, second-hand goods all the way, & GET RIGHT WITH GOD & FAMILY !
Your last sentence gives excellent advice, but please, maintain a low profile for now. Our turn at bat is coming...
Agreed. I'm just surprised at how fast the momentum keeps building -- 'an object in motion..' and all that, but the speed is increasing.
It's getting late... perhaps a non-caffeinated beverage would be best...
Pace and Peace.
Calm your heart. The game has been going on for a while. We are in the last quarter and the 2:00 warning has rang.
Live your last statement. If that guy who burned himself up in Tunisia did it last year or two years ago, nothing would have happened and it would have been a waste.
For everything there is a season. Don't be a statistic. And don't have an ulcer. It would only make them laugh.
I'M NOT TOLERATING THIS ANYMORE !
Aw STFU, of course you'll tolerate it, not a fucking thing you can do about it.
Shut the fuck up - the worm is turning. Don't know when but soon critical mass will spring and all those like Lynnebee will be ready...just as they were in MENA.
Be ready and receptive rather than a roadblock.
Don't know when but soon critical mass will spring
Don't know when but soon critical mass will spring
Ah, my thoughts, exactly. I am now wondering, what can propel the plot when everyone with a brain is sitting and trying to be as inconspicious as possible? What will be the signal, if no one with a brain is making the first step? Pulp Fiction toaster, anyone: http://www.youtube.com/watch?v=_GfJSxMr5TU.
There are those who claim that MENA rebellions were engineered by the CIA. Do you think the CIA is planning the same thing for the US?
The CIA are just a (-nother) paramilitary wing of the bankster cabal.
The sad thing is, I doubt even 1% of the CIA realise their function in the broader scheme of things. They're just 'keeping America safe'.
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