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Government Confiscation And Lifting The Veil On "The 401(k) Scheme"
From Presidential edicts of 'MyRA' being for your own good and "will never go down in value" to Poland's 'precedent-setting' confiscation of public pensions funds for the good of the nation's debt load; and from the IMF's "one-off" wealth tax 'idea' to Europe's recent consideration of 'wholesale savings confiscations and enforced redistribution', it appears Marc Faber's warning that "from now onwards, the bailouts will also be at the expense of the asset holders, the well-to-do people. So if you have money I am sure the governments will one day take away 20-30% of my wealth," is becoming more likely every day. As the following mini-documentary explains, confirming Ron Paul's warning that "there is more chaos to come," Jim Rogers' fear that "they won’t take our bank accounts...they will take our retirement accounts," is coming true.
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First they came for the Jews, but I was not a Jew, so I did not speak out.
Then the came for the 401k's, but I didn't have a 401k, so I did not speak out.
Then they came for the porn, beer, and friend chicken, and the Americans burned Washington D.C. to the ground.
ha more like, first they came for every other nation, then I was fucking shocked when they came for mine.
I hope you are right on the last part but the toughest souls who have fought bitterly on their home ground are not often victors for long, the snake finds external alliances designed to overwhelm what it could not win out right.
There will be no clean clear cut battle that gets fought and won or lost. Parasites morph and retreat to push alread laid plans that may evoke less resistence into play. But first they will ensure the world demonises the USA and wants to make your ability to defend your nation virtually impossible. An old play book. Meanwhile core secretly black budget financed industries will do very well and paint a picture that its a civil war by malcontents maligned by tags such as racist, homophobic, implerialist or some other shite.
An old expression when one points a finger there are three pointing back at you - its possibly useful to understand the propoganda that is growing against those in the USA who will be discredited for fighting back.
Good luck to you, my first home nation lost the good fight and my second home nation can't see it coming.
They can take my beer, fried chicken and my 401k. They will have to take my porn from my cold dead hands.
It won't be 'one-time only 30% tax on assets'.
The inflection point has been passed. Governments now regard all money to be their money - it's the return to the Feudalist model, which one can see more evidence in new border controls, omnicon spying apparatus, and other NGO and .GOV attitudes and policies.
They want to own us and revert us to the status of feudal serfs as in The Hunger Games.
First the 30% one-time tax, then a few years down the road another, and then another, and then another...until 99.9% are feudal serfs living in misery and poverty whilst Capital City (DC) lives an upper middle class or above lifestyle complete with huji-like travel and moving restrictions that forbid the hoi polloi from moving there to better their station.
The future will look much worse than any sci-fi.
Taking directly out of our accounts rather than messing with complicated tax documents is much more efficient, and as we know efficiency is what government and central planning are all about. I can only imagine how bad economy would be today without the giant productivity gains of technology, especially computers that allow us to spend countless hours everyday browsing the internet.
I saw the replay of when he announced myra. It looked like he was laughing when the teleprompter spoke..
Rogers' fear that "they won’t take our bank accounts...they will take our retirement accounts," is coming true.
What Rogers doesn't understand (or any of your Bloomberg staring colleagues) is that every new printed dollar destroys the purchasing power of the saved pension money and is a theft from the pension funds.
"What Rogers doesn't understand (or any of your Bloomberg staring colleagues) is that every new printed dollar destroys the purchasing power of the saved pension money and is a theft from the pension funds."
You kidding right. Rogers has been talking about dollar devalution for well over a decade.
Oh well, at the present moment, the primary focus is to keep milking the rich chinese, those who try to hide their wealth overseas. Also, keep luring chinese students to pay the ultra high tuitions. And soon, they will sell the green card for however much they want.
Next is to destabilize any rich countries or region, that will trigger some rich refugees and immigrants. And what that start to dry up, they will go after the retirement saving.
"And soon, they will sell the green card for however much they want."
Already been experimented.
It took these NIGGAZ six years to come up with an idea that any thinking FASCIST would have implemented IMMEDIATELY: a share of GM AIG LEH MS GS JPM C BAC etc IN EVERY POT.
Now it's called a MyRA.
FAIL!
You are correct.
The Nazi's of theThird Reich under Hitler had a plan where part of every workers pay went to an account to purchase a car, the volkswagon with volks meaning FOLK's, a favorite term by obama by the way. Not a single car was ever delivered to the forced payment workers. The money went to the industries that built the machines of war. Sound familiar?
When I hear a politician use the word FOLKS I just know that whatever he is saying is designed to pull a fast one on the audience, FOLKS, hah! might as well say SUCKERS.
So what's the super secret savings account the newsletter spammer advertises at the end of the video? No way am I going to pay for a newsletter just for them to tell me what they claimed they would give us for free in the YouTube video.
I signed up my junk account to see what it was.
A four page advert flyer promising reveals over the next ten months.
I guess I have to type this in. It is from "Yesterday in the Hills," by Floyd C. Watkins; it is an account of hill farmers in Georgia:
"The Roosevelt administration, the bank holiday, the fireside chat, the NRA, the WPA, and changing times brought the world to the settlement. All his life General* Wheeler had kept his gold hidden and buried in tin buckets. He distrusted banks and paper money. When the gold was called in, General was reluctant to give his up. It was his gold, he said, and the government did not have a moral right to it. Banker B.R. Jones talked to General to get him to turn in his gold. Some of the paper money had gold printing on it and was backed by gold, and he felt a little better when he learned that he could get paper money with gold printing. General was a wealthy man, but inflation and good times ruined him in his old age. He made his money in a world that paid labor fifty cents a day, and he had to spend it in his old age at a time when labor was paid ten to twenty dollars a day."
*"General" was his first name; he was not a general.
WHAT THE FUCK THEY ARE TAKING YOUR RETIREMENT ACCCOUNTS ALREADY ITS CALLED ZIRP!!!!
THEY'RE TAKING YOUR FUCKING YIELD .
HOLY FUCKING SHIT I FEEL LIKE I AM THE ONLY SANE PERSON IN CRAZY TOWN.
THIS MYRA conspiracy bullshit a-la alex jones . as if the fact that five years from now they still didn't confiscate your your retirement doesn't mean they haven't been stealing the fuck out of your purchasing power and your yield for years now.
THEY ARE AND HAVE BEEN STEALING YOUR RETIREMENT ACCOUNTS FOR A LONG TIME. AND THEY HAVE YOU THE RETIREMENT ACCOUNTS IN A HOSTAGE CRISIS. BECAUSE THEY CAN SET THE VALUE OF YOUR ACCOUNTS ON FULL SCALE CONFLAGRATION FROM THE CURRENT SLOW BURN---SHOULD ANYONE ATTEMPT TO PUT OUT THE SLOW BURN.
The problem with these endless streams of conspiritard videos is that the possibility of the u.s. being 'cyprused' exists, but it's improbability is being used to distract people from the current UNACCEPTABILITY OF THE CURRENT HOSTRAGE CRISIS SLOW BURN THEFT. and should the cypruss analogy not come to bear, the distraction will be used further to make a point of the critics 'being wrong'.
stop predicting bullshit conspiracies about the future which might well be probable. start focussing on the present, where there is outright existing massive theft right up in your face.
or perhaps---that's too easy?!!!?!?!?!?!?!!?!? or is too difficult to face the truth that nothign is currently being done about it? or nothing CAN BE done about it?
perhaps it's easier to just fall back on sensational predictionism as a panic management plan. and don't worry about the cyprus shit because it hasn't happened here yet, so just sit back enjoy your popcorn and wait.
that is the precise mentality driving predictionalism like this....
Most Zero Hedge readers are alrady very aware of the hidden tax of inflation and the loss of real yield.
We dabble in doom and conspiracy to help pass the time.
In the UK if you are 'lucky' enough to have any money left at the end of your life when you die, they will take 40% from your children's hands (after an allowance that doesn't keep pace with inflation tax of course)
Of course politicians will be excluded.
"Of course politicians will be excluded. "
I had to read that three times to make sure it didn't say "Of course, politicians will be executed".
Fuck yeah it will never go down in value. You can keep your $400,000 MyRA, we're printing $85,000,000,000,00 a month. DUH!
In a parody of Alex Jones/Piers Morgan interview, 1776 will commence again if they come and take my retirement accounts. I can care less about he ponzi scheme known as social security. The fuckers can't take something that is rightfully yours.
Well, I know folks who really, really believe this will happen. They just know that the government will zero out their bank accounts, or dip into them for some special tax. I personally don't see that happening. The government does not want to start a bank run in this lifetime. The first time they announce a 'one-time special assessment", how many people are going to leave money in their accounts? The run on the banks will take the system down, and they NEED the system in order to extract more of your wealth (defined as your labor).
The cleanest and quietest way to steal your aggregate wealth is to devalue the currency or other commodities you store it in. Remember, price controls cut both ways. If they want to hurt you, they can determine that within our borders, gold really is worth only $43 an ounce, and silver only $5. You don't like those terms? Fine, keep your PM's in your box. Oh, you want to leave the country and cash those bullion coins in overseas? OK, please make sure that you report the profit above your basis (see above) for your windfall profits tax - due upon re-entry. Please stand aside while filling out your declarations...
Yup, they will QE our currency into confetti, shredding our savings and futures along with it.
LOTS of governments have done this & this means we need to question details of each:
did the banks and/or government see it coming?
did they plan it?
did they "want" it? If they didn't plan it or want it then how come it happened anyhow?
Does a meth junkie WANT to die of a heart attack? That's why they do the meth, right, to cause a heart attack on purpose, completely planned out, for no other reason, right?
Think hard on your assumptions and try again.
"the" system is every system, food, water, power, medium of exchange required for taxation payment, roads for transporting goods & self/family/property - they own "the" system, all the subsystems that are interconnected like a tight club of oligarchs. Russia & America have more in common than some suspect, comrade.
They don't need to avoid bank runs to take everything you got. All they need to do is control the food, the roads & the power sources and you'll sell your children on their command.