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so much for the "lock box"
will they pay this back, with interest at 4% plus prime (like they force you if you take a loan from your 401K)?
If it's in Jew confetti, yes.
If you bought gold and silver it may still be well worth it!
Exactly! pulled out some Roth IRA (with taxes and 10% penalty) in '08. With the rise of POG & POS, i'm way ahead, thanks to BerYank's QE1 & 2.
January, borrowed out another big hunk out of the G-Fund retirement and doing the same with POG at $1500/oz. Bring on QE3, BITCHEZ!!
Me too. Want to bet they plug that hole in the G Fund soon? No loans, period.
Two US senators proposed legislation recently to halt loans out of 401ks too. The nets are being set out.
401(k) may get plundered next
you justy cant tell with these folks
Any chance that *this* is what replaces QE for while? How much is there to loot from retirees?
Could they do $500 billion like this? Trillions? The media hasn't mentioned this at all so no one is really aware it's happening, so why can't it go on for a few years at least?
The total amount of funds in 401(k), IRA, and TSP accounts add up to more than $30 trillion.
Yup. I suggest that all reading this forward this article to every member of your family who still has a 401K. This is madness, and it isn't going to stop.
Can we at least wait until the government 401ks are looted, then protest? Just saying.
yeah private pensions/01ks are a further stretch and if so, the government falls shortly thereafter because of the demographic who would lose.
You're talking about your managers, your engineers, lawyers, doctors, etc. All the professional classes that make up the revolutions.
Then there is the matter of how could the government sell the assets from the 401s.
Yep, you're right. The tapeworm will keep eating until it gets eradicated. We must destroy this tapeworm. But of course we won't. We'll just keep feeding the fucking thing, like it is actually doing us some good.
Kill the fucking tapeworm.
Ding: We have another winner! A few years? Naaaa... only $300B in accessible cash pension surplus IMHO which should last only until July/11. Thinking why exactly would MSM bother to upset the Onions membership - by making them worry about their pension surpluses that have been seized?
And they are going to make it more difficult to tap your 401k...
The current penalties make it very self-difficult. my first time was like my first raise in my first poker hand. tough. but it paid off for me, nicely. borrowing out makes it easier
"We are not sure how this will actually happen."
- You believe in fairies, right? Well, i hear the Bernank likes to dress up like a fairy.
Bernanke's philosophy. http://www.youtube.com/watch?v=RDPhEkqa1XY
It's all fucked-up like a soup sandwich...
Like a soupy SHIT sandwich!
But the corruption is redundant like a Crouton Sandwich...
Redundant... Bread Sandwich...
I love that one...
Make mine a whole wheat on rye.....and hold the mayo, dammit!
YEAH IT IS!! THATS WHY GOLD WILL GO TO $4000 VERY SOON!!!
You aint seen nothing yet!!! NEW WAR WITH SYRIA.... the whole EU BURNING!!!!
Isn't that something the politicians said they wouldn't do? Oh, wait...they're politicians! My mistake. place of refuge 2012 dot com
SELL SELL SELL ! ! ! !
Great strategy, Chairsatan and Congress.
This is bullish, totally fucking bullish.
Close, but I think the "t" on your keyboard may not be working properly.
And I think you might have a touch of dyslexia...
Might want to look into that
I'm so happy I closed out my TSP account, took the tax hit, and converted it all to physical Silver @ $12 and Gold @ $700.
Thats why my net worth fits in the size of a suitcase.... I dumped my entire stock holdings in 2009 and 2010 and bought all the gold and silver I could find. And I mean that literally. This aint a normal market.
Ahhh your a crazy anti-government crazy, hick, hayseed, no good bad person. Economic terrorist!
And you're probably racist too.
gotta love it when the fed gov't is cannibalizing itself..........
They will soon come after 401(k) and IRA plans just as Argentina did.
Yes, own physical!
Indeed, and the MSM will nary report on it. It's swell when only two people own the entire MSM and both of them are in on the plan.
Especially when there is slim pickins......
Let them eat cake
I guess they are also cannibalizing the $75 billion they already cannibalized when they spun of the Post Office which the Post Office is trying to get back.
Postal workers are going to end up with the same haircut a lot of us in the private sector have already gotten.
This is surreal, f... unbelieveable ... hope they are just frenzy now to feed gov and will stop this ret fund looting
It will not end until the money is gone. Think in terms of a viral infection.
Isn't all pretty much the same thing? Whether they take it from your IRA / 401K and/or devalue the worth of that money? Net - net they will take it and it's just the mechanics were discussing. Obviously, the more hedges the better but seriously, how long til gold / silver "transaction taxes"...they have the power and they want your money. It's just the "how" we're discussing.
If tptb can tax death they can tax anything
World ends Saturday, or so I am told, so no sense fretting over this.
Lunch time is over, back to the machine shop.....
Man I'd love to have my own lathe / mill setup in the garage. Bet I could get a nice Jap mill DRO and all about $5k - $6k, good 12" x 48" lathe around $3k.
Perhaps the beginning of the end, based on news that Iran Bushehr reactor is now operating ?
Limited window for destruction via bombing before radioactive fall-out debris accumulates too much.................
Any serious fallout would land in the ME, India and maybe China.
So the problem is ... what is the problem again?
Not my idea of cool. Just say'n.
do isreal's bidding, bomb Iran and poison the world even more? why bomb Iran? ask yourself a simple question, who is the real threat? compare how many countries the U.S./Israelis have invaded in the past decade, to the number of countries Iran has invaded... tell me again, who is the bad guy?
The man speaks truth. It goes against what Americans are told and taught every single day of their lives but alas, there it is.
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