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They’re Coming For Your Savings
Dollar Collapse ^ | 10/12/2013 | John Rubino

Posted on 10/18/2013 7:39:48 AM PDT by Rusty0604

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1 posted on 10/18/2013 7:39:48 AM PDT by Rusty0604
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To: Rusty0604

Guess I may as well spend it first.


2 posted on 10/18/2013 7:43:06 AM PDT by Sans-Culotte ( Pray for Obama- Psalm 109:8)
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To: Rusty0604

We take in 250 billion dollars a month and they can’t control spending? Outrageous!!


3 posted on 10/18/2013 7:45:40 AM PDT by napscoordinator ( Santorum-Bachmann 2016 for the future of the country!)
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To: Rusty0604

They don’t have to confiscate our savings.
They can do the same thing by printing more money, to the point that inflation steals their value.


4 posted on 10/18/2013 7:47:05 AM PDT by Little Ray (How did I end up in this hand-basket, and why is it getting so hot?)
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To: Little Ray

That option is discussed in the post.


5 posted on 10/18/2013 7:48:52 AM PDT by Rusty0604
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To: Rusty0604

It is what our Federal Government and the Reserve ARE doing.


6 posted on 10/18/2013 7:52:36 AM PDT by Little Ray (How did I end up in this hand-basket, and why is it getting so hot?)
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To: Rusty0604
No question about it. They're already confiscating the equivalent of IRA's and 401k's in some parts of Europe. It's only a matter of time before they do it here. The justification will be that the money was tax advantaged and so the government will say on those grounds it has a right to people's private property. I have advised my adult children to no longer participate in their work's 401k's beyond an employer match, if any.

All retirement money should be put into real estate and other non-tax advantaged investments.

7 posted on 10/18/2013 7:53:24 AM PDT by old and tired
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To: old and tired

The problem with real estate investments is the taxes on that.

Eventually you’ll be like Scarlett O’Hara trying to come up with gold money to pay the taxes on Tara.

The paper money will be essentially worthless IF you’re even allowed to have enough of that to pay taxes anymore.


8 posted on 10/18/2013 7:56:14 AM PDT by Black Agnes
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To: Sans-Culotte
Guess I may as well spend it first.

Between this and Obamacare, forget about having 'golden years'.
9 posted on 10/18/2013 7:56:37 AM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Sans-Culotte
Guess I may as well spend it first.

Roger that. I am doing that right now. Hopefully, by the time they get around to trying to steal it, and they will, mine will be spent. The bastards.

10 posted on 10/18/2013 7:57:01 AM PDT by Mark17 (Chicago Blackhawks: Stanley Cup champions 2010, 2013. Vietnam Veteran, 70-71)
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To: Rusty0604

That’s OK, I’m spending it all in the divorce.


11 posted on 10/18/2013 7:57:44 AM PDT by Jack of all Trades (Hold your face to the light, even though for the moment you do not see.)
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To: Rusty0604

Trip wire.

Do not do this.

Not kidding.


12 posted on 10/18/2013 7:58:04 AM PDT by Dead Corpse (I will not comply.)
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To: Sans-Culotte
Guess I may as well spend it first.

I delegated that task to ex-wives. They have completed that task.

/johnny

13 posted on 10/18/2013 7:59:28 AM PDT by JRandomFreeper (Gone Galt)
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To: Rusty0604

Don’t think they won’t be coming for your mattrees money either, especially hundred dollar bills.

Under the guise of eliminating bills that are too easy to counterfeit, all hundred dollar bills except the new bills will be deemed invalid.

Owners of old hundred dollar bills can replace these bills at any bank with a ten percent charge for each bill.


14 posted on 10/18/2013 8:02:28 AM PDT by RetSignman (As Goes America, So Goes the World. A Communist America, A Communist World.)
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To: Dead Corpse

Obama has already said that three million is enough in retirement savings. That is not really a lot if you live on it for 25 years; about as much or less than public employees have as benefits. The only difference is public employees didn’t have to save it themselves.
I’m sure the dollar amount that is “enough” is negotiable (downward) with Obama.


15 posted on 10/18/2013 8:04:02 AM PDT by Rusty0604
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To: RetSignman

Mattress...dang it.


16 posted on 10/18/2013 8:04:25 AM PDT by RetSignman (As Goes America, So Goes the World. A Communist America, A Communist World.)
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To: LostInBayport
Look for a nice, used Porsche 911 Carerra.
The exhaust note will drown out the Obama blabber.
17 posted on 10/18/2013 8:05:14 AM PDT by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
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To: RetSignman

“In 1933, in the depths of the Great Depression, president Franklin Roosevelt banned the private ownership of gold and ordered US citizens to turn in their gold. Those who did were paid in paper dollars at the then current rate of $20.67 per ounce. Once the confiscation was complete, the dollar was devalued to $35 per ounce of gold, effectively stealing 70 percent of the wealth of those who surrendered their gold.”


18 posted on 10/18/2013 8:05:50 AM PDT by Rusty0604
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To: RetSignman

That’s what they did in NK...


19 posted on 10/18/2013 8:05:55 AM PDT by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
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To: Rusty0604

I don’t think they can steal enough money directly to make a difference. It is a one-time inflow of cash that will be quickly spent, and, afterwards, their tax income will decline.
Stealing our money through inflation works better.


20 posted on 10/18/2013 8:09:35 AM PDT by Little Ray (How did I end up in this hand-basket, and why is it getting so hot?)
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