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The Government Generously Offers To Help You "Manage” Your Retirement Account
Via Michael Krieger of Liberty Blitzkrieg blog,
[ZH: We have discussed this threat over the past several years (must read).] The obvious concept is that when the government runs out of money, or they face a drying up in interest for its debt, they will come for the $19.4 trillion in American’s retirement accounts. It seems that day may be finally drawing near.
I stopped contributing to my 401k back when I worked at Bernstein, and I will probably now have to give more serious consideration whether I want to take the penalty and move the funds out of my retirement account entirely. I haven’t made any decisions, but will be watching closely.
I’m sure the government is just trying to protect your retirement account from terrorists.
From Bloomberg:
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.
That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details.
The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams, according to three people briefed on the CFPB’s deliberations who asked not to be named because the matter is still under discussion.
The Securities and Exchange Commission and the Department of Labor are the main regulators of U.S. retirement savings vehicles and funds. However, the consumer bureau — established by the 2010 Dodd-Frank Act — sees itself as a potential catalyst for promoting a coherent policy across the government, the people said.
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"With all of the Boomers it could put the Government in the Green."
And into the Soylent Green business as well.
"Nutritional wafers", EBT approved.
Is there going to be "kosher" SOYLENT GREEN & "non-kosher" SOYLENT GREEN?... Just asking...
"All medical procedures for your age will be denied as costing too much for your age."
Most of the humans on the planet know little of "medical coverage."
Best investment is in one's health. The health industry will collapse because it is predicated on continued growth- it would do this with or without govt interference.
But until then, the institutions which are predicated on infinite growth can continue to feed on each other and everyone else. They can do this for longer than we think. They have been doing it since the Industrial Revolution matured.
And when such institutions do collapse, the people who led them will be the ones holding most of the power/resources/influence/control/wealth.
Duh. Fuck sakes.
There was a story on faux news this week. Jesse Jackson was calling for an economic "Marsall Plan" where they could use money in pension plans to save the economy. My first thought was WTF. Haven't seen anything about it since. Trial balloon?
Preconditioning the masses for this for 5 years that I'm aware. Will need another crises like a stock market crash to kick it off and scare sheep into it. Just around the corner.
What a dumbass, doesn't he realize the Fed could just print that money up for us in like 12 seconds, thereby stealing from the indefinite future instead of the definite future?
Jesse Jackson... doesn't he have a son who is being investigated for... oh never mind.
"However, the consumer bureau — established by the 2010 Dodd-Frank Act — sees itself as a potential catalyst for promoting a coherent policy across the government, the people said."
Coherent policy = overt confiscation.
I've already cashed out my 401K and most of my IRA.
Needed some of the money, but figured I may as well pay a 10% penalty now versus a new 20% capital gains tax and 45% "income" tax in the future, that is if they didn't force me into an annual annuity on their terms or just confiscate it outright.
Cashed out my IRA last year (December). All thats sitting out there now (digitized) is the 401k, which I quit contributing to January 2.
With most of the IRA and 401K money in the Stock Market, I'm wondering how they steal it without tanking the Market.
Easy.
Take control of it, tell everyone it is backed by the "full faith and credit" of the U.S. Government (*cough*).
Then, convert it to annuities available at whatever age they deem "appropriate".
Let's say they move the S.S. age to 70, then that is when you start to get your annuity payout.
It's yours, it's there, you just can't have it until they say so and on their terms.
They'll sprinkle in some juicy new taxes to be certain, and "allow" you to pay your health insurance premiums to the Corporate Care Conglomerates with it, and your deductibles and uncovered expenses too. You'll never see the money, it will have to be direct payments.
Your money will remain in the markets for Wall Street to play with, gamble with, rehypothecate, speculate, milk fees off of, and devalue. "And...it's gone."
they rehypothicate it
... I also think when 401(K)s are involuntarily used to buy treasuries, we become the bagholders when USD crashes and rates have to go way up. We are the FED's exit strategy.
Clint, reverse your thinking. Crash it first. Then make an offer that is slightly better than the post crash value. They will come to you!
Psst! Most of it's already stolen! (just look at the gold charts)
The ultimate irony is that the stock market has been propped up by the devaluation of the very money that's held in those IRAs and 401ks. (one need only look at the stock market numbers and then at the retirement funds)
I figure they'll get all this anyway. I either pull out now (not much) and suffer a tax hit, or I wait until my income is less, a point in time after the value have been (likely) equally devalued via inflation. I hold an IRA in CDs at my local credit union. If there's a ramp up in the value of cash I'll look to yank, but as it is I'll just view it as a (smaller) piece among all the things in my (self-managed) portfolio.
The government will manage your retirement account through Obamacare. If you have any assets whatsoever they will be systematically stripped from you in order to pay for your 'FREE medical care' because you're too fucking old to qualify for a new heart valve. You're too fucking fat. You smoke or used to. Your work in a high stress environment, your diet, your heritage, your shitty attitude have all negatively affected your health so your on your own. And when the money runs out the closest you'll ever get to medical care is the late night infomercial re-runs of "I've fallen and can't get up" and once you finally die your estate will go to various government agencies for the payment of "taxes" that you "owe" them for granting you the privilege to exist as long as you did. We wanted cradle to grave government supported existence, well we got it.......
Bingo.
By pulling plugs on people Gov.co saves on Medicare, SS, and can confiscate estate taxes earlier -- a Threefer. Already offing people in the UK.
Capital controls already prevent moving money out of the country for private medical care.
"Obamacare" is merely another front to the corporate juggernaut. The "health" industry, with all its wonderful lobbyists in and out of govt, rides on the back of the (corporate) "food" industry (which is the real root of our health issues, though there are plenty of corporate induced environmental stressors also).
yes...and now we're told we have to buy their products....by our government..
+1
Best rant of the day. LMAO. Sad part is you didn't even have to exaggerate anything.
Lunatic,
you left out only 1 part there... they will eliminate the peoples access to health supplements, raw food (milk) and other options for those wise enough to think for themselves and avoid the "health care" (sick) system.
I left LOTS of shit out, lest I give myself an aneurysm on an otherwise perfectly good Saturday night at the Hedge, lol...........
Anything bought on a debit or credit card can be tracked as part of your lifestyle. Is it now? Don't know.
So, when you routinely buy that super-sized bag of Cheetos on credit/debit....
Just sayin'
Pretty much how Medicaid works today. No care until you go through your assets.
You're too late assholes...lol.
Why would they go after retirement funds when they can print infinite notes. I mean going after these accounts would create huge uproar among the proles and I don't see any way for the government to put a favorable spin on this approach unlike the gun-control fiasco.
Not if they brand it like Obamacare or Social Security. "Retirement is scary and complicated, let us at the government take care of it for you!". Rubes will line up for miles. Of course I'm being facetious. It would not be optional. Nevertheless, the government would claim to be stepping in "for your own good", and when the money disappears, "Oops! We made a mistake, what the fuck are you gonna do about it?" The answer, if American history is any guide? Make angry noises and rude gestures, wring hands, curse, make a federal case, and ultimately ... demand more government.
Sure they can manage my 401k but first Feinstein has to get on her knees and give head to my Benelli M4
and all the other -stein's, -witz's, and -itz's.
My god don't you people have any faith in ANYTHING pertaining to "gummerment"? There actually are good people in admin positions that are actually very bright and ethical; there are people with whom I attended university that went into gummerment positions whilst I went into the private sector; their pensions are fully-loaded with the following: a) indexed to inflation b) FULL health-care benefits c) monthly payments at 65% of the average wage of the last 5 years of employment; and finally d) full life-insurance protection for the surviving spouse at $1,000,000 per $100k of "average annual wage".
So I did the math: I have paid in 37 years as a citizen over $10 million (earned) and $3.5 million (taxed) and if I sell my business for $10 million and invest the proceeds at the Fed Funds rate, I'll have ZERO health coverage, ZERO indexing, ZERO life insurance coverage, and I'll still have to worry about how to manage the cash flow.
When I was told in 1977 that "Government Jobs were for "LOSERS", what did I miss?
P.S. I do not live in the U.S.
That you're a loser.
KA-BOOM! Take that you Gummint moochers with your limos and junkets! Another anecdote illustrates the resident evil of a national government. If only we had lords and castles, and serfs, and, and the Inquisition. Then we would have pure and faithful leaders.
I can think of no better way to appreciate the value of government than to find examples of over-compensated civil servants. This makes us angry, and anger is the best guide to policy. We should establish a science of anecdotal policy making, whereby the most anger-provoking anecdote decides every issue.
Great, write your check and hand it over to Uncle Sam. Happy-Happy.
The notion that everbody "works" for the state is offensive and a very dangerous game this gang of 600 are playing in Washington. Its criminal to confiscate the property of a free people by the temporary hired help.
Answer is to stop the spending fraud so confiscations are not required. Banks should fail, not people.
Freedom! It's such a simple word. What happens when your freedom collides with someone else's? Well, you have a DISPUTE. In the good old days, this would be settled by combat. This could get ugly, so LAWS were invented. And, you guessed it, GOVERNMENTS were needed to enforce laws. This is taught to youngsters in school who haven't yet learned about the evil of government from ZH.
"GOVERNMENTS were needed to enforce laws."
So, laws can ONLY be enforced by governments? Were there laws before there were governments?
When everyone agrees to be bound by the same rules (LAWS), guess what? You have a government. Men are GOVERENED by their common consent to submit to the authority of the law, and the GOVERNMENT ENFORCES THE LAW. Without enforcement, the law is mocked. The LAW is not a voluntary system. If you hate government, you hate law. Murder is not punished in the USA by a church or local vigilantes; it is punished by a state or federal GOVERNMENT.
It is amazing that after all the pissing and moaning here about the US government not enforcing the securities laws, ZH still encourages its readers to hate the idea of government.
And when men withdraw their consent to be "governed" by fucking crooks and scoundrels what becomes of your precious law?
nmewn.
Rhetorical question you put, but I'll answer it anyway. The USA is unique. It is a place based on the concept that the consent of the governed must be won by the governors, otherwise: revolution. This is the USA, not some dilletante monarchy, despotism, socialist, communist, fascist fiefdom.
Pity that the fat, lazy telly tubbies have been led to believe otherwise. They will learn soon enough when the guns begin to shout.
The NDAA and DHS aimed at them.
"This is the USA, not some dilletante monarchy, despotism, socialist, communist, fascist fiefdom."
~~~
Umm... That depends who you subject yourself to... "Act of 1871"
Well, you're going to be in for a tough ride from me because I don't sit on any particulate "side." Actually, I'm on the side of Mother Nature.
"Men argue, nature acts." - Voltaire
Unlike those who might knee-jerk to your posts, I completely understand what you're trying to get at. The problem, however, is to assume that what we recognize as a "government" today is what is always necessary. I don't believe that to be the case. Further, I believe that by necessity (natural forces, of which we cannot, no matter how we wish it to be otherwise, alter/combat). Nature shows just what does and what does not work, and I have yet to see any sets of written "laws" from anything other than humans. My point here is that whether you think I'm championing for "survival of the fittest" (or whatever), which I am not (besides, are we not already applying some similar rule-set? only, instead of something meaningful we measure it by "wealth" (seldom questioning the legitimacy of said "wealth")?
Power corrupts. We have come to the point where we now openly practice extra-judicial killings/murder. And for thousands upon thousands of humans on the planet our single "govt" has either extinguished their lives or messed them up in ways unimaginable by most, and called it "collateral damage." Hitler. Stalin. Mao (well, many crimes might have been more owing to bad policy than outright/intended mass murder; but death by govt nonetheless). Just like with the other failed govts, the only way the stripes on the US govt are going to change is when its due to true rot, as in death.
We're pretty much stuck to this until it crashes. People need the fire-power of the govt to acquire their needed resources. And when that is no longer possible, whose fault?
Of course the "law" is mocked you fucking idiot. Watch YouTube to see how many cops bust other cops for DUI and other MAJOR crimes. The law serves those that do the serving until some rookie cop comes along and arrests a fucking Sheriff. It's a fucking miracle any laws are truly enforced on behalf of the citizens. The LEO's in many states use lies and fraud to scam innocent people out of their hard earned money so they can continue to fund the needs of the their police "services" in bum-fuck Arkansas so the Chief can get a military surplus tank to combat the 2 crack whores that are too stupid to leave his town.
By the way, it's a fuck of a lot easier to bust a drunk Sheriff than it is to convict cops who kill innocent people on subway platforms in big cities.
" This could get ugly, so LAWS were invented. And, you guessed it, GOVERNMENTS were needed to enforce laws."
Hobbes, Voltaire, and Rousseau called, they want their proto-socialistic misanthropic false history back. Seriously, you need to step up your game. A lot.
In the good old days there weren't many gun laws, and you would be nervous. Very nervous.
Cant believe you.
It is obvious to even simpletons that modern government pays itself most, and uses lawyers, accountants,, bureaucrats to serve lobbyists, and bail out fraudster money laundering biggest banks. Fool.
Gov Employee Salary = 2 x Private Sector Salary ... auto raises, no accountability, no layoffs, great benefits
"My god don't you people have any faith in ANYTHING pertaining to "gummerment"? " ... No, I believe that they are instituted for no productive purpose ... what can a government employee do? Simple spend money and with no budget in three years, it's a real free-for-all.
If they were actually 'regulating' finance, industry, etc., as to protect the consumer, investor, etc., I would cheer.
They use to (prior to Wilson), but they don't now.
They spend money, plain and simple.
All your monies are belong to us.
"Use the courts, use the judges, use the constitution
of the country, use its medical societies and its laws to
further our ends. Do not stint in your labor in this direction.
And when you have succeeded you will discover that you can now
effect your own legislation at will and you can, by careful
organization, by constant campaigns about the terrors of
society, by pretense as to your effectiveness, make the
capitalist himself, by his own appropriation, finance a large
portion of the quiet Communist conquest of that nation."
(Address of the Jew Laventria Beria, The Communist Textbook on
Psychopolitics, page 8).
Capitalists, under the Marxist's (et al) definition, are people with wealth. People with wealth, also under the Marxist's (et al) definition, are people with power. Now, Marxism is not 1/100th as radical as all the college kids (and professors) and revolutionists think. All the italicized text really says is, "tell the wealthy that they should use the state for their own ends, which will actually serve our ends". Well, yeah, duh, Marxism is just a populist statism. It has no meaningful critique of the state as such. "We will use the state apparatus to achieve our goals" doesn't exactly make for great punk rock lyrics, yet it's about as radical as Marxism ever got...
Next Obama quote. "If you've got a retirement account - you didn't build that. Someone else made that happen."
You got that right Biggie I can here him now "you didn't work that 12 hour nightshift".
I would see a forced allocation of Treasury purchases before any outright confiscation of funds that will ultimately be taxable. I also can foresee them attempting to revoke tax-exempt protection for municipals before any kind of money grab. I personally do not see either of these things happening, the uproar would be heard around the land and would be much larger than what any lobby could throw up. Playing games with tax exempt interest will dry up the markets they intervene in, they need people to be encouraged to buy debt paper, not discouraged.
The main service the government invokes is the tax-deferred status on these 401Ks/IRAs, not tax-exempt. This is not their money to be taking or managing to begin with, They may offer incentives for people to but Treasuries to help the Ponzi, but I do not see a forced plan since this is not money that resides with the Treasury. Once money is with Geithner and crew, now that's a different matter entirely, and I would not be foolish to willingly invest with Uncle Sam due to the Ponzi and potential confiscation of funds he already holds.
The litigation involved in any fraudulent seizure/confiscation/management would be substantial, and as we saw recently with the recess appointments, Obama is not always right in what he is doing. I think he should butt out of the beer business as well, and I hope they get shot down on that one too.
Why stop at attacking the CFPB? Lets tear down the NIH and the FAA and FCC and the Weather Service, and the National Parks. NOTHING the gummint does can be trusted, according to ZH. Only armed bands of skinheads with assault rifles can deliver justice to the common man.
This is a HATE/HATE deal for ZH. Which do you hate more - the Wall Street fiends who want to squander your retirement savings, or the CFPB devils who want to steal it? You wouldn't actually believe that the CFPB would try to PROTECT citizens from financial scams, would you? All that Wall Street lobbying to stop Elizabeth Warren was just a clever ruse.
ZH wants you believe that your government is incurably corrupt so that you will disengage from the political process and spread hatred of politics and government. It boosts page views at this site.
Since we're asking questions, why do you show up to a blog that you disagree with and have no reason to visit other than to post your drivel and waste time? Who has that much time to waste?
I'm sure you would have been a great neighbor in the Soviet Union reporting on all the bad things that people were doing...like thinking for themselves.
Kim Jong Un called and said you'd be perfect for his propaganda minister and head of secret police force.
Kunt is just another .gov troll cunt.
CFPB is run out of the private Federal Reserve you socialist tool.
Congress authorized them, but now has no oversight, and their prime directive is to track every dime you spend so the FED can get their hands on it because they odiously "loaned" us "trillions" by printing it out of thin air and they think they own us forever.
Wow Kantbelieve it what have you've been smoking.The US govt is corrupt,why is lobbying legal ? That says it all. I challenge you again to write to one of the elected officials of this corrupt govt and ask a tough question,then post the response. Until then STFU.
Hey Kanttroll
Try believing in independent people for a change. All institutions have shortcomings. Wether gov or church or education or corp or charity. The trend of centralized institutionalization was a parallel phenomena to the industrial revolution and WW2.
But the Information Age has changed all that. We are now empowered to thrive in a new world of flexible creative individual endeavor.
Only one problem though, all these legacy institutions won't give up power that easy despite being obsolete. So what you criticize as negativity is just the empowered thinkers butting heads with obsolete Statism.
Perhaps you should step back and create your own dream of creative destruction. Because your present line of thought is outmoded and useless.
Sorry, TimmyM, but your local survivalist compound isn't going to do much about global telecom standards or CO2 reduction. Future government will be leaner, but even more globally homogeneous. There won't be 117 different standards for Mercury pollution or child labor regulation. Human rights will not depend on your geographic location.
If you gave a moment's thought to what the "Information Age" really implies, it is a far more orderly and better regulated world society than the sqabbling nation states that can't even agree on climate change. If you hate national government now, global governance will not appeal to you - yet it is the inevitable consequence of the information age.
Reaction to frightening change typically takes the form of reversion to primitive systems. That is why the fantasy of frontier homesteaders with AR-15s is the glorious future imagined by the disintegrationists who dominate the ZH threads. A jar of Kruggerands and a stack of ammunition are the pillars of their faith. Very sad.
You're really into "one size fits all". Not everyone here is a survivalist stacking Kruggerands. People like precious metals, but with the velocity of money being printed by our keepers, it is sound logic to buy physical metals. This is about preservation and not ideology. The larger the government, the more monolithic and irresponsible. Try using a "come to Jesus" method by promoting understanding. People will disagree, but boxing people into a predisposed idea as to what every poster here is will only draw animosity. I own an electric car. Why? It saves gas and it makes me think I am doing just a little bit to hinder my carbon foot print for my daughter. I care deeply about the world she inherits and it is this reason I'm on these threads. Be positive. Post ideas that work. Who knows! Maybe some will find themselves akin and in agreement.
I actually read what you've written. Particularly the first two paragraphs.
Read it yourself. You may actually realise what a tool you are.
" NOTHING the gummint does can be trusted"
That's the only thing you've said that was right,
How are things at Crystal City tonite?
Oh Kantbelieveit, the Marxists have had their way now for a century, and they have run a good country into the dirt. Same old story, a once great republic took the slow road to hell. We gradually let go of our principles along with our discipline. The first thing that had to go was the idea that you actually had to have skin in the game to vote. When this country was founded, you had to be a male land owner to vote, but over time it just became everybody, including the moochers, and we all know how they vote. Then we had to get rid of the discipline of sound money. That fatal error, along with the Federal Reserve Act, and 16th Amendment planted the seeds of our slow gradual demise. The government began to grow, and grow it did from 5% of GDP to more than 40% of GDP. Who really knows what the actual percentage now is because such large swaths of our economy are completely reliant upon government which essentially makes them the government. The defense industry, the law profession, and a host of others come to mind. We have more lawyers per capita here in the US than any other country in the world, and every one of them takes a chunk from the means of production, just like the government. Eventually, our government became corrupt and drunk with power. They, knowing better than a bunch of dead guys who wrote some stupid piece of paper, started openly disobeying the Constitution. We had great new social programs designed to rid us of all the bad things like poverty and illiteracy. We went to War in Korea, then SE Asia, and the Middle East. We had a War on drugs. The empire spread it's wings so to speak, but now, like so many before us, we have succumbed to our own arrogance and over-reach. Our debt based money, and our sins, are finally catching up with us. It's time to take some responsibility for ourselves. Our government is going to have to take some responsibility as well. They need to start getting smaller and living within their means. They need to start obeying the supreme law of the land, The Constitution. They don't seem very willing though and that's the rub. That's the conflict I see here at ZH. It's a bunch of smart people shouting out to stop the madness. We see stories everyday here on this site that paint a picture of extreme denial, if not startling corruption and lawlessness by those in power. Something must change soon, So let's get on with it.
You really need to get past some fantasies. George Washington was the richest man in America, and his fellow founders set up a plutocracy with full protection of wealth based on human slavery. Women, of course, could not vote because of the deep wisdom of our founders, who certainly could imagine airline travel, assault weapons, the Internet, and global warming and made provisions for managing all these things in the Constitution. It is a fantasy to believe they had it all figured out. If the founders were around today, they would immediately convene another convention and update the Constitution.
Another fantasy you seem to have is that money has some magical intrinsic value. No, money is just something people invented to make civilized society work more efficiently. In advanced countries, we create it as necessary to enable growth without inflation. Most of it exists as invisible bits in computer files.
The shouting here is perpetuating madness, because it is consistently destructive and nihilistic. Where are constructive suggestions aimed at political reform? Where are the independent research and information services the ZH founders promised? This thread is a perfect example of the lunacy that reigns here. Asserting that the CFPB, an entity bitterly resisted by Wall Street, aimed at protecting consumers from predatory lenders and other financial ripoff artists, is secretly conspiring to rob pensioners of their savings is just paranoid bullshit, and the ZH editors should be ashamed of publishing this rubbish to garner page hits.
Kantbelieveit, you sound like an intelligent person, but I'm afraid you are misguided in a few of your' premises. Let me just say that human nature never changes, and our Founders, flawed as you may see them, were all very well aquainted with the pitfals of human rule. Governments have been responsible for the greatest atrocities in history. You see once a person reaches a position of extreme power, things change. Left unchecked, that individual will utilize any and all means to keep and build upon that power. Apparently, power over your' fellow man is like an irresistable drug to those who secure it. Our Founders knew this and they sought to keep the central authority as weak as possible. They gave us a Republic, a nation built upon a supreme law that took a super majority to overturn. A system of limited government with checks and balances between the 3 branches. What we did not have was a democracy, as they unversally degradate into mob rule. The real danger of statist authoritarianism comes from democracy, because a clever ruler always knows how to pit the majority against the minority.
As for your claim that any random agreed upon object makes for good money, I think you are wrong. Specifically, negative value debt based money such as our irredeemable dollar, makes horrible money. Left to it's own devices, it will be the undoing of our civilization. Since you seem to be such an intellectually curious sort, I would invite you to carefully study the work of Antal Fekete to learn a bit more about money before you make such claims. Take a month, and read 30 of his essays. You'll be much smarter for it. http://www.professorfekete.com/articles.asp
Nice big words....here is one of my favorites: pontificating. Pontificating that the Founders, rest their souls, would immediately "revamp" the Constitution to fit modern society is arrogant. No one knows what goes on in another persons head; least of all the sentient deceased heroes of our founding. You state, "In advanced countries, we create it as necessary to enable growth without inflation. Most of it exists as invisible bits in computer files." This is contradictory and, again, arrogant. These "invisible bits" can suffer whimsical keystrokes by those that may manipulate it to their advantage. Inflation is horrendous due to this very fact. This is why a gallon of milk is around five dollars when it was three dollars but a few years ago. Pontificating that these people would look to legislate themselves into control of Trillions of our hard earned dollars and keep our best interests in mind may be easily detroyed by the simple fact that they have rendered our budget and future bankrupt from profligate spending and debt based growth that is shortly coming home to roost. Look at Spain. 90% of their pension funds have been looted. What do you think would happen to ours should we suffer the same bottleneck of credit and growth? I appreciate you representing your masters, but you are wrong. We are here to pontificate about the future of what was once the greatest empire the world had ever seen based on dignity, liberty and inalienable rights given by God and protected by guns. These truths are self-evident. God guide us and may we never suffer the plausible scenarios bandied about within these usually civil threads. We do suffer the maddened opinings of a few, but do not let these spoil the bunch who have given me and all who tread here much wisdom......free.
" In advanced countries, we create it as necessary to enable growth without inflation."
That's the dumbest thing I've ever heard. What country advanced or otherwise has ever been able to create money without inflation?
You have to be a joke poster hired by ZH to keep the thread going. Nobody is that much of an idiot.
Couldn't agree more. Sell off ALL gov assets and close your fucking whore down!
Empire in decline: http://thearchdruidreport.blogspot.com/
"ZH wants you believe that your government is incurably corrupt" ... Yes it is. "Government is not the Solution , it is the Problem"
I know many/most of you watched the video on what to do during a mass shooting posted here the other day ( http://www.zerohedge.com/news/2013-02-01/advice-department-homeland-secu... ).
I didn't see anyone mention that some of the advice is to "leave your personal belongings behind and run".
That is what it has come to. You are no longer smart enough, mature enough, capable enough to think for yourself, react for yourself, speak for yourself, protect yourself and all responsibility for your own actions must be in the hands of people that have only your best interests at heart and have never, ever made a mistake or hurt anyone in any manner financially, physically or otherwise.
Hand over your souls, you obviously don't know what to do with them.
Now that you mention it, the video never showed people throwing a heavy desk through a ground floor window to free themselves (they were told to HIDE under the desk) or how to get 2-3 people together and use a big, heavy object (couple of desks turned on end?) as a shield while they run down the hall sliding the desks to the nearest exit while keeping the table top of the desk facing any potential shooter.
Yeah, I know it sounds crazy. Fuck it, where's my scissors?
Yep. If anything showed the blatant hubris and arrogance of the unfit government, it was that ad.
Well did they not go after these retirements accounts in other countries? My IRA and 401-k are in Gold so this is an indirect confiscation.
To Arms!
If government wants more tax revenue, I know exactly where to look: tax-exampt foundations.
In order to maintain their tax-exampt status, a foundation must give away at least 5% of its assets each year. As long a the investment manager is able to earn more than the foundation spends, the foundation has eternal life under this tax code. Foundations have self-perpetuating boards, they have no shareholders who can vote for new board members and they have no customers who can influence foundation policies. In short, foudnations are free to muck around in society and politics as long as they say within the very-broad rules.
For the health of the republic, foundations must be made mortal again. We have had enough of the Ford, Tides and Soros foundations at tax-payer expense. If foundations were required to give away 7.5% of their assets each year, they would slowly spend themselves to a quiet death. Since foundations may have as much as 4% of US GDP in their assets, this would force far more money out into the economy and such funds would generate income and sales taxes.
Foundations, rather than private retirement accounts are the next place the US tax-grubbers must look for money. Leave my 401k alone.
This is no more than picking bones off a dead carcass.
The TREND is clear, and it's spelling "the end of growth." Can we start talking about how we can have a system that works with ZERO (hopefully would could keep from having one that's spiraling negative, in which case all bets are off) growth?
every dirtbag needs a safety net. don't be a scrooge!
I've always considered the contribution to my 403b to be another tax and treat it accordingly—I know the money is already gone and that none of it is mine.
Trust thy Neighbor. ( Article 1: of the constitution)
That "exerpt" , was meant to be self reliant , and have Faith in a govering body , as a "last resort"...
The liberals are out today/ Key word> Conservative (ass clowns)
Who has guns and ammo and the guts to meet me in DC when Congress is in joint session? -----crickets----. That's what I thought.
Well Whiner I'm just waiting for the country to go bankrupt and the dollar destroyed,that's when I have a face to face with my elected officials. I actually think the people in charge of protecting the politicians will be the ones who kill them when they see what they've done to the country.I don't think that we are going to have a long wait. I used to be anti gun,because of what I see going on in this counrty I now own a Glock17,Kimber.45,BenelliM4 and I'm currently in the process of purchasing and AR15.
I'll have some fun with you. I understand the sarcasm/````
We go from Bush`s attempted privatization of soc sec, to Obama`s socialization of everyone`s 401k and IRA. Both are wrong and avoid the real issue...banker control of our economy and government. Why is Cordray backing away from that issue...has he been told...
Lay off the meds. Here we go from Obama, into a second term ,,,<
"I am afraid the ordinary citizen will not like to be
told that the banks can, and do, create money...And they whocontrol the credit of the nation direct the policy of Governments and hold in the hollow of their hands the destiny of the people." (Reginald McKenna, former Chancellor of the Exchequer, January 24, 1924)It is great to see articles like these but this is something maybe at some point we need to start shining the truth flashlights on and dissecting.
http://www.gpo.gov/fdsys/pkg/BILLS-111hr3590enr/pdf/BILLS-111hr3590enr.pdf
Here is the part I find disturbing specifically Section 5210
This is what is in it.
SEC. 5210. ESTABLISHING A READY RESERVE CORPS.
Section 203 of the Public Health Service Act (42 U.S.C. 204)
is amended to read as follows:
‘‘SEC. 203. COMMISSIONED CORPS AND READY RESERVE CORPS.
‘‘(a) ESTABLISHMENT.—
‘‘(1) IN GENERAL.—There shall be in the Service a commissioned
Regular Corps and a Ready Reserve Corps for service
in time of national emergency.
‘‘(2) REQUIREMENT.—All commissioned officers shall be citizens
of the United States and shall be appointed without regard
to the civil-service laws and compensated without regard to
the Classification Act of 1923, as amended.
‘‘(3) APPOINTMENT.—Commissioned officers of the Ready
Reserve Corps shall be appointed by the President and commissioned
officers of the Regular Corps shall be appointed by
the President with the advice and consent of the Senate.
‘‘(4) ACTIVE DUTY.—Commissioned officers of the Ready
Reserve Corps shall at all times be subject to call to active
duty by the Surgeon General, including active duty for the
purpose of training.
‘‘(5) WARRANT OFFICERS.—Warrant officers may be
appointed to the Service for the purpose of providing support
to the health and delivery systems maintained by the Service
and any warrant officer appointed to the Service shall be considered
for purposes of this Act and title 37, United States Code,
to be a commissioned officer within the Commissioned Corps
of the Service.
‘‘(b) ASSIMILATING RESERVE CORP OFFICERS INTO THE REGULAR
CORPS.—Effective on the date of enactment of the Patient Protection
and Affordable Care Act, all individuals classified as officers in
the Reserve Corps under this section (as such section existed on
the day before the date of enactment of such Act) and serving
on active duty shall be deemed to be commissioned officers of
the Regular Corps.
‘‘(c) PURPOSE AND USE OF READY RESEARCH.—
‘‘(1) PURPOSE.—The purpose of the Ready Reserve Corps
is to fulfill the need to have additional Commissioned Corps
personnel available on short notice (similar to the uniformed
service’s reserve program) to assist regular Commissioned
Corps personnel to meet both routine public health and emergency
response missions.
‘‘(2) USES.—The Ready Reserve Corps shall—
‘‘(A) participate in routine training to meet the general
and specific needs of the Commissioned Corps;
‘‘(B) be available and ready for involuntary calls to
active duty during national emergencies and public health
crises, similar to the uniformed service reserve personnel;
‘‘(C) be available for backfilling critical positions left
vacant during deployment of active duty Commissioned
Corps members, as well as for deployment to respond to
public health emergencies, both foreign and domestic; and
‘‘(D) be available for service assignment in isolated,
hardship, and medically underserved communities (as
defined in section 799B) to improve access to health services.
H. R. 3590—497
‘‘(d) FUNDING.—For the purpose of carrying out the duties and
responsibilities of the Commissioned Corps under this section, there
are authorized to be appropriated $5,000,000 for each of fiscal
years 2010 through 2014 for recruitment and training and
$12,500,000 for each of fiscal years 2010 through 2014 for the
Ready Reserve Corps.’’.
Sorry to use wikipedia as a source here but it describes it pretty well.
https://en.wikipedia.org/wiki/Warrant_officer
Warrant officers in the United States are technical leaders and specialists. Chief warrant officers are commissioned by the president of the United States and take the same oath as regular commissioned officers. They may be technical experts with long service or direct entrants, notably for U.S. Army helicopter pilots.
And the Classification Act of 1923.
http://famguardian.org/TaxFreedom/History/Congress/1923-ClassificationAc...
1. “department”: “the term ‘department’ means an executive department of the United States Government, a governmental establishment in the executive branch of the United States Government which is not a part of an executive department, the municipal government of the District of Columbia, the Botanic garden, Library of Congress, Library Building and Grounds, Government Printing Office, and the Smithsonian Institution.”
2. “position”: “means a specific civilian office or employment, whether occupied or vacant, in a department other than the following: Offices or employments in the Postal Service; teachers, librarians, school attendance officers, and employees of the community center department under the Board of Education of the District of Columbia; officers and members of the Metropolitan police, the fire department of the District of Columbia, and the United States park police;and the commissioned personnel of the Coast Guard, the public Health Service, and the Coast and Geodetic Survey.”
3. “employee”: “means any person temporarily or permanently in a position.”
4. “service”: “means the broadest division of related offices and employments.”
5. “compensation”: “means any salary, wage, fee, allowance, or other emolument paid to an employee for service in a position.”
Get them spotlights out.
Something I forgot to highlight I wanted people to key in on.
‘‘(2) USES.—The Ready Reserve Corps shall—
‘‘(B) be available and ready for involuntary calls to
active duty during national emergencies and public health
crises, similar to the uniformed service reserve personnel;
‘‘(D) be available for service assignment in isolated,
hardship, and medically underserved communities (as
defined in section 799B)
IOTW, The Health Care Police: "buy gov't health insurance, or we kill you". This is why I own an M1a. To shoot the Health Care Police when they darken my door.
Frankly I do not know if this provision is even constitutional. It seems to ursurp states rights by effectively bypassing the states right to call up the National Guard (aka state militias, subtle way to subvert the 2nd amendment) in times of emergency.
Reform my ass.... I was born on a day but it wasn't yesterday.
The other thing to look into is if Congress has appropiated the funds set forth for Section 5210 and if so what has been done so far as setting up this up and have officers already been quietly commisioned without the public's knowledge.
"Frankly I do not know if this provision is even constitutional."
What does the Constitution have to do with anything anymore?
We're allowing our govt to perform extra-judicial killings and we're worried about some saving programs?
Granted, yeah, this sucks (and I will in no way endorse any such action), but to think that we are really operating under the US Constitution, well.... (do folks know that we're STILL under a state of national emergency? this will just be another one tacked on as being seen in the interests of national security).
MillionDollarBonus: If you are out there, here is your chance to double down. They are going to help you.
http://www.law.cornell.edu/uscode/text/42/295p
For definations as to what isolated,
hardship, and medically underserved communities (as
defined in section 799B)
This is part of the public service health act of 1944.
(6) The term “medically underserved community” means an urban or rural area or population that—
(A) is eligible for designation under section 254e of this title as a health professional shortage area; (B) is eligible to be served by a migrant health center under section 254b [2] of this title, a community health center under section 254c [2] of this title, a grantee under section 254b (h) of this title (relating to homeless individuals), or a grantee under section 256a [2] of this title (relating to residents of public housing); (C) has a shortage of personal health services, as determined under criteria issued by the Secretary under section 1395x (aa)(2) of this title (relating to rural health clinics); or (D) is designated by a State Governor (in consultation with the medical community) as a shortage area or medically underserved community.The joke is on them. As an underemployed young person, I haven't been able to contribute much to my account. They want to steal money from me that the banks already stole.
And there you have it!
The real "aha" moment for me came when I noted that GM's workers voted to keep their health benefits and retirement benefits the same but to reduce new hire pay. I thought to myself: "Who is going to buy the houses of these people, people that are thinking they can sell their house in the future in order to pay for continuing their retirement years?" [I applied it to myself and then stopped thinking fallaciously that I was ever going to retire and that I should sell my house pronto!]
The Grand Ponzi of "perpetual growth" is finished. We must all learn to stop taking wooden nickels...
That's absolutely right, if you own a house now is a weak market...or anywhere densely populated, finding a buyer is like tricking someone into taking your place...and the pool of candidates grows thinner every day.
X...
Sign up for all credit cards. Pay the minimum. Wait for the globalist new fascist world order of CONgress and its banksters to implode. They are old men, dead men walking. Time is on your side. Let the baby boomers get what they voted for.
It's deceit that we're complaining about and we're supposed to act just like "them?"
Long time ago I told someone who was looking to rack up and default (which, I'll admit, is a bit different than "paying the minimum") that I would NOT do business with them in the future, no matter how much I agreed that the bad guys were in fact bad guys. If you go into something with the intent of not fulfilling your obligation then you're violating a contract: I don't care how fucked up the "other side" is, it takes two to dance and folks here have no excuse of "ignorance" (as so many others did).
Be and act like you want the world to be and act like. The very best thing I got from the MIC (USMC) was the advice to "set the example." I don't ask/expect anyone to act or do anything that I don't already do or would do.
Fool. CONgress and Wail Street is robbing the USA, and you collaborate, apparently, poor lil victim.
Where is Jon Corzine, former NJ governor, Goldman Sacks man...the guy who helped MF Global cheat its clients? And still no jail time for the biggest thieves in U.S. history, and endless war unprecedented in U.S. history.
Fool.
Can I move to another country now? How is New Zealand? I've heard its relatively free still.
Like sheep? (not that you'd likely be able to become a livestock person and compete with the well-established folks)
Anyway, free? You have to be younger and possess a fair amount of assets (money) I believe.
All those looking to take the money and run: how long do you think that you'll be accepted in any new country/setting? (best to convert said money to local currency [and then hope that it doesn't tank as well])
You have to be younger and possess a fair amount of assets (money) I believe.
Or not so young and have a SHITLOAD of assets, I'm sure.
"I am deeply and hopelessly in debt; therefore you should take my offer to manage your retirement money", says the government man. Me, "What? Do you think you're playing with kids?" WTF! UNF'ING BELIEVABLE!!!!!!!!!!!!!!!!!!!!!!!!
Absurd, ridiculous...beyond belief! If I want to be fleeced and scammed I rather it would happen that I had some choice in the matter! Aren't we already being taken to the cleaners by Social Security??? Amongst other government programs to confiscate our wealth...THE FED. Only one way to get around this one and most everyone on this web site knows it already!
Let me get this straight. The American people have $19.4 trillion, and the national deficit is $16.5 trillion? Maybe We the People should be managing the government's finances.
Debt
"...may fall to financial scams...."
If that isn't goold ole USSR logic, I don't know what is.
We will handle it for you, Comrades.
Forward, Soviet!
Next, all private property, "...since you may not be up on the latest management techniques."
"The American people have $19.4 trillion"
What are you commenting on here, PUBLIC or PRIVATE assets? Combined?
" Maybe We the People should be managing the government's finances."
The same "people" that are massively in debt (private-wise)?
There's only so much that managing can take care of. If you have insufficient resources and you're the best manager the world is ever seen you still can not make a rabbit (that never existed) pop out of the hat.
If FedGov moves on 401K it will bathrobe anarchy, period.
The boomers who still cling to "we are the government" and associated nonsense will fold.
"We know the powers that are defying thepeople...Our Government is in the hands of pirates. All thepower of politics, and of Congress, and of the administration isunder the control of the moneyed interests...The adversary hasthe force of capital, thousands of millions of which are in hishand...He will grasp the knife of law, which he has so oftenwielded in his interest. He will lay hold of his forces in thelegislature. He will make use of his forces in the press, whichare always waiting for the wink, which is as good as a nod to ablind horse... Political rings are managed by skillful andunscrupulous political gamblers, who possess the 'machine' bywhich the populace are at once controlled and crushed." (JohnSwinton, Former Chief of The New York Times, in his book "AMomentous Question: The Respective Attitudes of Labor andCapital)The New York Times...now owned by the new fascists. The Trilateral Commission gave special thanks to the main scream media including the New York Times for keeping its aims secret, and propagandising on behalf of its aim for a technocratic new world order, served by an inner party of appointed academics (like Krugman), and bureaucrats (like the DHS and its hateful bint leader).
Hollywood assists.
It's the SYSTEM!
What did people think would happen when growth stopped? (no! there cannot be perpetual growth on a finite planet- growth would always stop)
For decades the US's System has twisted things to look as though growth is occurring. The twisting can no longer be done because the rest of the world is being negatively affected by it (in addition to the rest of the world also practicing similar tricks).
Thrashing almost always increases before death...
Sorry, Uncle Fleece. You gave all mine to the banks in 2008.
I lost the rest of it uh, gambling. Yeah.
Holy shit is an understatement. Anyone ever see this before.
http://www.usphs.gov/
http://www.usphs.gov/aboutus/agencies/dutystationmap.aspx
https://www.facebook.com/USPHS
https://www.facebook.com/USPHS/info
About the Ready Reserve Corps: The Patient Protection and Affordable Care Act, enacted March 23, 2010, afforded the USPHS Commissioned Corps the ability to build a reserve component capable of responding on short notice to assist regular Commissioned Corps personnel to meet both routine public health and emergency response missions. Prior to the passage of the new law, the USPHS Commissioned Corps did not have a reserve component to call upon in this fashion. The USPHS Commissioned Corps is currently developing the program; at this time, we unable to speculate a completion date. Once implemented, joining the Ready Reserve Corps will be voluntary; however, members of the Ready Reserve will join knowing that they can be called at anytime to serve in times of national need. For more information on the Ready Reserve Corps, please visit http://bit.ly/9TJL2l.
Look at some of the stuff they are working on in the facebook posts.
We have three opportunities to serve within the Army as Clinical Psychologists under the DoD/PHS Partnership. Click here for the openings: http://1.usa.gov/Uxf06x.
Fear not. The government has most to fear. Vets and families believe in community, not the hateful government.
The not 'Patriot Act' and the NDAA are for bureaucrats who think they rule.
Possession is nine tenths of the law. Bureaucrats are weak, useless cowards, and so are their fans. They'll fold like a cheap pack of cards IF they get their way, and there is fighting in the streets.
"Vets and families believe in community, not the hateful government."
Is that why I see countless "Proud Mother/Father of a <insert govt MIC branch here>" stickers and people supporting their "loved ones" (that they so love they'd send them to die for the MIC/Banksters) as they bomb dark-skinned people outside of the US (soon also IN the US)?
I guess you don't see brown skinned people slaughtering each other with impunity in their own muslim lands in greater numbers than whitey does.
Fool.
NO MORE WAR, especially for the sake of islamist countries: the Middle East and Africa. And keep them out of the USA.
Ta.
Take your complaint to politicians and your fellow voters.
The professional soldier fights for your right to vote. You and yours vote for war.. Don't say you don't. You vote in the one party state in the USA and elsewhere. Your sort whine, and do nothing to end war. You only do what is easy for your little lot.
"NO MORE WAR, especially for the sake of islamist countries: the Middle East and Africa. And keep them out of the USA."
For the SAKE of Islamist countries??? LOLOLOLOLOLOL...please tell me that you don't think the United States has been trying to "help" countries in the Middle East and Africa for the last half century. JESUS FUCKING CHRIST. I hate to break it to you, Nathan Hale, but WE are the problem. Get it? The United States was built on theft, deception and murder, and those three things are EXACTLY what we're still practicing around the world today. I gotta give the U.S. government credit, though: It certainly was successful in creating gullible, clueless morons like you....
I'm not fearful. Just a little surprised is all. Shows how much we don't know that we should. After reading more on the Ready Reserves there is a cap on how many people can serve and this removes the cap. I must have been asleep back in 2010 since I missed this.
http://www.factcheck.org/2010/04/obamas-private-army/
The truth about the new Ready Reserve Corps is a lot less interesting than the conspiracy theories. Before the law was passed, the Public Health Service, unlike other elements of the government’s seven uniformed services, didn’t have a "ready reserve" – a cadre of individuals who could be called up involuntarily in times of need. What it had was a regular, full-time corps of 2,800 doctors, nurses, scientists and other medical professionals, which was the limit under law. It also had a reserve corps. But most of the individuals in the reserve corps, which was larger than the regular corps, were on extended active duty for the duration of their careers; in other words, they worked full-time, just like the regular corps, because they were needed, but the statutory cap prevented the service from bringing them into the regular corps.
The new law eliminates the personnel cap and brings the members of what used to be the reserve corps into the regular corps, which as a result now numbers about 6,600, according to an official at the Public Health Service who spoke to us on background.
So we can put to bed the brown shirt army fears here (at least for now) but it still don't feel right if you know what I mean.
And to add since it is probably something all Americans should know. There are seven uniformed services in the U.S.
United States Army, United States Marine Corps, United States Navy, United States Air Force, United States Coast Guard, United States Public Health Service Commissioned Corps and National Oceanic and Atmospheric Administration Commissioned Corps.
Frankly I never knew the PHS and NOAA had officers and they were uniformed also.
https://en.wikipedia.org/wiki/United_States_Uniformed_Services
Anything linked to government can be stolen by the government on the lie that its bureaucrats and banksters want to 'help' you.
Always follow the money. Who gets what and why? Insolvent governments will steal the people's money and turn guns on them if they deem it necessary to save their status quo. This is the lesson of history. See it now as the U.S. government wages endless war abroad for no benefit to us, but profit for its banks and favored corporates.
Those wars drain money and blood out of the U.S. majority, and only profit the few, chosen by the government and biggest banks. Fact.
"Any people that would give up liberty for a little temporary safety deserves neither liberty nor safety," said Benjamin Franklin, and others.
The big banks who now own CONgress want you to be afraid, so they can make money off putting you in chains that you will pay for, and beg for when their hateful wars threaten you.
The only no fly zone we need is a ban on travel between the U.S. and any place that threatens us, except for essential flights by our diplomats and trade missions. No flights to the U.S. from any country that threatens us. Yep: that's you despots in the Middle East including Israel, the Far East, and Russia.
Fix your own lands before conspiring with any central bank to ruin ours.
Yeah, they do such a great friggin job of managing money, why not give them everyones retirement funds..
Serfdom USA
Tyler there is something else you need to know. First, Federal employees have their own 401K called the Thrift Savings Program. This is the Federal Gov'ts 401k program that is used by almost everyone. To my knowledge there is not any other 401k programs that are used by the employees in the Federal Gov't. It has the same features of any other 401k program. If they even try to touch that program, the almighty-fit that the Federal employees will have will make Krakatoa look like a mouse fart! The second thing that is going on that is only lightly covered is the raid of the current pension program by the Treasury dept. Timmy Geither, he who claims doubious deductions, is trying to run the gov't on the savings set aside for current retirees. Trust me, this will cause havoc like no one has seen.
Aren't 401K "programs" nothing more than tax codes encouraging savings?
Regardless of intent, most everything can be expected to start failing as growth stalls and ends.
As to where the idea of the 401K came from?
http://money.cnn.com/magazines/fortune/fortune_archive/1995/12/25/208786...
(FORTUNE Magazine) – WHERE BETTER to go for answers to the big questions about 401(k) savings plans than to the man who created them? No, this financial innovator isn't a Wall Street rocket scientist, although providing investment management for 401(k) plans is one of the hottest areas in the money business. Nor is he a political type, though the growth of 401(k) plans has led to increased savings and vast amounts of capital formation--major goals of Washington for years. The man who changed the retirement plans of millions of Americans is R. Theodore Benna, 53, a mild-mannered benefits consultant. In 1980, Benna created the first 401(k) savings plan for his own consulting firm, the Johnson Cos. Retirement planning will never be the same.
Ironically, because 401(k) plans are a great idea, and general ideas cannot be patented, Benna has made relatively little money from his brainchild. He lives modestly and works out of Langhorne, Pennsylvania, near Philadelphia. A deeply religious man who serves on the board of a seminary, Benna says 401(k)s were, literally, "a heavenly inspiration" (see box).
Are you trying to say that your assets are locked up in a 401K?
Sorry, but complete BS here. What the hell do you thik the Feds do every time they run up against the debt ceiling? They borrow from the TSP! Specifically, they take assets out of the TSP and replace with IOUs...you know, like what they did with Social Security. So far, the IOUs have been paid off each time the debt limit has been resolved. All that's being accomplished here is conditioning people to the meme that the gov't can responsibly borrow from this program and then put the money back in responsible fashion. This works until it doesn't. Only a matter of time before they steal the TSP money and put it into a different program and never pay off the IOUs. By the time it becomes clear that the assets have been stolen permanently, there won't be anything for the victims to do. Do you see senior citizens revolting right now against the f*ckers that stole their SS funds? Of course not-- they've been conditioned to accept the lie that all their money is in the SS Trust Fund. As long as they get their monthly check, they've been appeased.The same thing will happen with TSP and 401ks...account holders will gradually be divorced from their funds so thgat the gov't can use it for budgetary purposes, promising to repay with IOUs. Lump sum payouts will be strongly discouraged (with stiff penalties, if necessary) and people will remain docile as long as they get their monthly check. That scam will work until it doesn't (i.e. it becomes impossible to pay the interest on the debt).
Good comments! (it's a fucking PONZI!) That which cannot continue forever won't.
"Do you see senior citizens revolting right now against the f*ckers that stole their SS funds?"
Does anyone see them being able to wrestle the young folks who are impoverished and hungry?
This is going to get ugly.
It's all the same. Who runs the House? That's the question.
"
'Something's Got To Give': Massive Pension Fund Shortfalls Threaten To Bankrupt States"http://www.huffingtonpost.com/2010/04/05/somethings-got-to-give-ma_n_525...
http://www.anapolschwartz.com/practices/nasd/pension-fund-fraud.asp
http://www.ipe.com/home/login.php?type=noaccess&extra=&page=http%3A%2F%2...
http://s.wsj.net/public/resources/documents/st_madoff_victims_20081215.h...
You can only trust on yourself, your brain, your hands, your hearth, so you can provide for you and others.
Yep. There is one good thing about this latest move by the new fascists: it might wake up the sheeple. Or not. Sheep are sheep...to be shorn.
BUT... it's a move that'll eventually fail. The ENTIRE SYSTEM is failing- this was predestined because everything has been predicated on continual growth (which as I cannot stress enough- isn't possible on a finite planet). Rather than look at the rats running around on the boat we should look to get out of the boat! it cannot be patched; tossing out that rats won't do it either; nor will "better management."
Sheep are going to be sheep. Those whom have tried to protect them seem to end up being nailed to crosses and whatnot...
What the government will do before it's over is let JPM, Goldman, and the rest of the fucking thieves manage the trillions of dollars of savings that they divert. AGAIN enriching the banks with fee's, etc. WTF? REVOLUTION TIME YET?
Might just be a nitpick, but I suspect that it'll be JPM, Goldman et al "instructing" the government on this course of action. (govt mostly doesn't do anything unless instructed by a bunch of lobbyists, as it is they that give govt legitimacy)
One needn't revolt. The system will come down on its own; and, really, who wants a busted system that's predicated on skittles and unicorns? (perpetual growth on a finite planet)
It's all the same. Who runs the House? That's the question.
"
'Something's Got To Give': Massive Pension Fund Shortfalls Threaten To Bankrupt States"http://www.huffingtonpost.com/2010/04/05/somethings-got-to-give-ma_n_525...
http://www.anapolschwartz.com/practices/nasd/pension-fund-fraud.asp
http://www.ipe.com/home/login.php?type=noaccess&extra=&page=http%3A%2F%2...
http://s.wsj.net/public/resources/documents/st_madoff_victims_20081215.h...
You can only trust on yourself, your brain, your hands, your hearth, so you can provide for you and others.
BE YOUR OWN PENSION FUND.
They're going to prevent early withdrawals by slipping in a clause into a mega-bill that no one will have time to read before it's passed. People will find out when they try and can't.
Very good point! And, I'm sure that the legislation will be called "Save America's Wealth" [SAW} Act. Sure to further "cut" all remaining "wealth"...
Welcome to Social Security 2.0.
The best 3:10 of George Carlin explaining it in the ventricular of the street.
http://www.youtube.com/watch?v=rsL6mKxtOlQ
"... And they want your Soc. Sec. and Pensions, and they'll get them too....."
Mark my words:
If you don't get out of all "retirement" accounts as soon as possible, you have what is coming to you. Do not come back here whining and bitching.
Put your Retirement Savings in this PVC Gun Burial Tube. Holds 3 long rifles Ak47, SKS, AR15 plus ammo and gold & silver. Check it out here.
http://www.ebay.com/itm/160965515323?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649
My wife and I recently bought some (more) fruit trees. I suppose that one could say that this was from retirement money (money that we WON'T be "saving"). When they mature we'll share what grows. I figure this good insurance. Not thinking that people would come by and try digging up our trees (I'm sure that it's been done, but I deal with probabilities); burying (to hide) other stuff might end up with people digging everything up. It's a honey vs. shit thing; our trees are likely going to attract bees, whereas burying ammo and guns is likely going to attract flies...
If the time has come to bury your rifles the time has passed to have used them.
By vacating a 401k account, you may want to gravitate just as far from a safety account box:
Can Banks Raiding Safety Deposit Boxes Be Legal Next After they Loot their Customers Personal Accounts?I keep hearing about 401k plans but I haven't heard much about IRA's so far (except from bloggers). I am living off IRA's now. If I cash out, I will take a huge tax hit. As it is, I am withdrawing at a slow enough pace to minize taxes. Are there any definite legislative plans for IRA's yet?
The snake is eating its own tail and soon it will run out of snake.
The time to smite the corporation and restore the Constitution is drawing near.
I saw the scam and cashed out my retirement in 2001.......