|
big turkey
Guest
|
 |
Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« on: July 18, 2010, 04:29:36 PM » |
|
business daily reports: […] In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit in your retirement years. They will tell you that you are "investing" your money in U.S. Treasury bonds. But they will use your money immediately to pay for their unprecedented trillion-dollar budget deficits, leaving nothing to back up their political promises, just as they have raided the Social Security trust funds. This "conversion" may start out as an optional choice, though you are already free to buy Treasury bonds whenever you want. But as Karl Denninger of the Market Ticker Web site reports: "Choices’ have a funny way of turning into mandates, and this looks to me like a raw admission that Treasury knows it will not be able to sell its debt in the open market — so they will effectively tax you by forcing your ‘retirement’ money to buy them."[…] […] Argentina provided a precedent in 2008, taking over that country’s private retirement accounts for forced investment in government bonds to cover spiraling deficits. Ambrose Evans-Pritchard editorialized at the time in Britain’s Daily Telegraph that this may be "a foretaste of what may happen across the world as governments discover .. . that the bond markets are unwilling to plug the (deficit) gap. . .. My fear is that governments in the U.S., Britain and Europe will display similar reflexes." […] When 401(k) and IRA’s were first established it was to put individuals in control of their own retirement funds. This action, should it see the light of day and become a new law, would remove ‘you’ from the equation and mandate that you pay into the new system. This would essentially be legalized robbery of your savings in the name of bailing out the debt of the United States. Of course, the language of the hearings don’t say that, but it is nothing short of it. The government will try to sell this to the public as a way of receiving an annuity type plan where you will be guaranteed a certain payment. But, what this would do is nothing more than the handing over of your money to the government and let them do with it as they see fit, with you receiving what they feel is appropriate based on a mathematical model. The government thinks the people should no longer manage their own retirement savings. There is still much that is unknown how this would end up should it become law. Would it grandfather existing accounts? Would it be a forced rollover upon retirement into the government plan? Many questions indeed there are, but for me the mattress is looking better all the time. Want to tell Washington what you think of this? Written comments responding to the lifetime income RFI may be addressed to the U.S. Department of Labor, Office of Regulations and Interpretations, Employee Benefits Security Administration, N-5655, 200 Constitution Ave. NW, Washington, DC 20210, Attn: Lifetime Income RFI. You also may submit comments electronically by email to E-ORI@dol.gov or through the federal e-rulemaking portal. Visit Regulations.gov. http://blog.rebeltraders.net/2010/02/21/401k-and-ira-accounts-uncle-sam-taking-over/Found this and is verbatim to what I thought would happen. I am a Genius. Big AL Go ahead Scanner , gig me on this one. Looks like we will be robbed once again. |
|
|
|
|
Logged
|
|
|
|
|
big turkey
Guest
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #1 on: July 18, 2010, 04:39:09 PM » |
|
Google this and get 30,600 results in 20 seconds.
This below is the Google Material.
"government takeover of 401k and ira"
And you thought your IRA's were safe,,,Wrong.
This has not been in the media.
Only in back rooms in the body Politic,
Google I dare yah.
|
|
|
|
|
Logged
|
|
|
|
|
asfltdncr
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #2 on: July 19, 2010, 09:58:03 AM » |
|
Google This!  |
|
|
|
|
Logged
|
|
|
|
|
Scanner
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #3 on: July 19, 2010, 11:12:33 AM » |
|
Al, why couldn't you have just added this to your previous thread about this same crap? Are you trying to take over the forum and turn it into Al's personal diary? You have a good start.
Noticed the poorly edited vids you posted are years old by the way.
You know, you can google anything and get thousands of hits Al. It don't make it true. Sorry.
But oh well, I wouldn't read these rants if they weren't entertaining in a "holy crap, I can't believe anyone would believe this moronic junk" kinda way.
|
|
|
|
|
Logged
|
Reality - it's nice here, come visit sometime!
|
|
|
|
¿spoom
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #4 on: July 19, 2010, 01:01:05 PM » |
|
Enough already, please  Even when I happen to agree with someone, seeing anyone posting 2,3,4 or more times in a row on their own thread, I have to wonder,"are they agreeing with themselves?" "arguing with themselves?" "talking to themselves?"  |
|
|
|
|
Logged
|
|
|
|
|
Bobbo
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #5 on: July 19, 2010, 02:11:00 PM » |
|
Enough already, please Even when I happen to agree with someone, seeing anyone posting 2,3,4 or more times in a row on their own thread, I have to wonder,"are they agreeing with themselves?" "arguing with themselves?" "talking to themselves?"  |
|
|
|
|
Logged
|
|
|
|
|
BF
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #6 on: July 19, 2010, 02:14:31 PM » |
|
Don't let 'em intimadte ya Al......keep stirring that pot. |
|
|
|
|
Logged
|
I can't help about the shape I'm in I can't sing, I ain't pretty and my legs are thin But don't ask me what I think of you I might not give the answer that you want me to  |
|
|
|
RoadKill
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #7 on: July 19, 2010, 02:21:00 PM » |
|
Don't let 'em intimadte ya Al......keep stirring that pot. Somehow I can not imagine Al intimidated...or even giving 2 sh!ts who dont like it either!  LOL Go get 'em BigAL !  |
|
|
|
|
Logged
|
|
|
|
|
big turkey
Guest
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #8 on: July 19, 2010, 02:59:24 PM » |
|
Hello from Al Land.
Where the Deer and the Antelope Play.
Where Obama is King.
And the Army is full of Queens.( REAL MEN WILL QUIT SOON FOR THIS REASON)
And seldom is heard a Intelligent Word
And the Sky's are not Cloudy all day(GLOBAL WARMING)
I love you guys , can't you feel the love man.
No and I don't give a sheet either.
Big Ole AL
|
|
|
|
|
Logged
|
|
|
|
|
big turkey
Guest
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #9 on: July 19, 2010, 03:01:54 PM » |
|
|
|
|
|
|
Logged
|
|
|
|
|
big turkey
Guest
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #10 on: July 19, 2010, 03:11:56 PM » |
|
Oh yeah I almost forgot, you don't have to read stuff I post. What is the problem here? Big Friggin Al Ain't Feared of no Man, just God, ain't bowing to none but him. Free and Ready to defend that freedom. Are you? If you don't like her get off and go home. God Bless America as she has Blessed the World with Freedom and the Freedom to Worship. Proud of this land and we need to get her back on track. He will get it back on track if we bow down to him and forsake our wickedness and turn to Him and Soon.
|
|
|
|
|
Logged
|
|
|
|
|
fat6man
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #11 on: July 19, 2010, 11:46:16 PM » |
|
Love what ya do Al....
Just remember we got a few around here that drink so much Kool-Aid that this F**k*d up government
could take everything they have and they would think it's good for them. This Government wasn't put here to run our lifes or take care of us. Thank You.
|
|
|
|
|
Logged
|
|
|
|
|
DIGGER
|
|
Re: Word is,,,,,,,,,,,,,,,on the Street,,,,,,,,,,,,,,,,,,,a Change she is acoming.
« Reply #12 on: July 20, 2010, 04:56:30 AM » |
|
Al, why couldn't you have just added this to your previous thread about this same crap? Are you trying to take over the forum and turn it into Al's personal diary? You have a good start.
Noticed the poorly edited vids you posted are years old by the way.
You know, you can google anything and get thousands of hits Al. It don't make it true. Sorry.
But oh well, I wouldn't read these rants if they weren't entertaining in a "holy crap, I can't believe anyone would believe this moronic junk" kinda way.
I believe it
|
|
|
|
|
Logged
|
|
|
|
|
