[AngelesCrestHighway]

Just more ammunition for the liberal massacre in the next election....

[RexBeach]

Just to keep current: The Chi Coms haven’t bought any Treasuries since May, 2009.

The biggest buyers of Treasuries has been - the Treasury!

[Mich Patriot]

What’s worse is that even if they don’t end up doing anything, the mere whisper of this will hurt the markets. Once people (like me) hear of this, they’ll STOP CONTRIBUTING TO THEIR 401k PLAN, and if possible, PULL MONEY OUT. Once again, the unitended consequences of policies penned by ignorant bureaucrats will screw us all.

[Polynikes]

Hello Iceland/Argentina. It will be a win/win for TPTB (The Powers That Be). You will get snagged on taxes if you liquidate early to avoid confiscation or get slowly ground down as the interest rates on T's are kept artificially low. As the Ticker says Turbo Tax Timmy and company smells smoke. You can see the equities market crash with this insanity and greed. What was once considered Tinfoil is about to be real. On the bright side maybe this will wake J6P up.

[Jim Noble]

I already paid the taxes and spent the money.

I know they would come for it.

[darkwing104]

If, as students, we bothered to read the History Books of the Pre-PC era the reader would soon discover that the Revolutionary war was started for less offences than we have seen in the last few years.

[DCBryan1]

Wow...if this goes through, there will be alot less Congresscritters around....”accidentally” being found in hog farms....if you get my drift.

[junta]

AMcon mag had a fiction piece last month about America’s dollar being destroyed Argentine style. With this being floated I would say our goose is cooked. Beans, brass and bullion will be 2010’s market leaders.

[Buckeye McFrog]

Progressive types have been jealously eyeing all of that cash sitting in private 401K’s and IRA’s and plotting ways to get their mitts on it for a quarter-century now

[Lancey Howard]

I am more and more becoming an advocate for diversifying into gold. And I don’t mean certificates, I mean physical, you-can-hold-it-in-your-hands-and-look-at-it, gold. Personally, I’ve always been a bit of a mattress stuffer anyway - - I look sideways at banks or anyplace else the scumbag politicians can get their hands on my money (or “freeze my accounts”) without a gunfight.

[freekitty]

Let’s stick it to the Congress. No pensions.

[FightforFreedomCA]

Question for people smarter than me... how do I figure out the monthly dividend if I were to open a Money Market acct with the following terms:

Money - 42K
APY - 0.60%
Rate - 0.60%
Dividends Paid - Monthly

I looked for a calculator online, but could not find one.
thanks in advance for any help.

[The Duke]

And, let’s keep in mind that all this is going to pay welfare. We should be dismantling welfare now while it can (maybe) be done in a somewhat orderly fashion.

[Travis McGee]

BIG BROTHER SAYS INVEST IN VICTORY BONDS: OR ELSE!

[FromLori]

This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied

http://www.zerohedge.com/article/government-your-legal-right-redeem-your-money-market-account-has-been-denied

[1066AD]

Something similar was floated as a way to help pay for HillaryCare back in 93 or 94.

[Grampa Dave]

The link below has many Free Republic postings on this potential $crew job.

[meyer]

Touching my 401K is an act of war. I WILL respond in the proper fashion. I hope that millions do the same.

[meyer]

Touching my 401K is an act of war. I WILL respond in the proper fashion. I hope that millions do the same.

[teenyelliott]

IRA ping