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Gov wants your 401(k),Hearings require Treasuries in 'automatic IRA' Sept 14-15
worldnetdaily.com ^ | 090210 | Jerome R. Corsi

Posted on 09/02/2010 12:54:07 AM PDT by Fred

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1 posted on 09/02/2010 12:54:11 AM PDT by Fred
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To: Fred

They can have it.


2 posted on 09/02/2010 12:57:19 AM PDT by allmost
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To: Fred

After everyone is transferred out of their current, good assets to IOU T-bills and notes and maybe Agency bonds, then worry about DEFAULT on them in a few years....US debts and monetizing are only rising astronomically and cannot do that for very long.

Analysts stress deflation, inflation, possibility of hyperinflation, but while the Congress is considering the IRA and 401k actions, there is little mention of DEFAULT. Therefore, consider the possibility as a final outcome.


3 posted on 09/02/2010 1:03:25 AM PDT by givemELL (Does Taiwan eet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: allmost

Coming soon:
Obambie to take ALL of your earnings and money, in exchange for five acres and a mule.


4 posted on 09/02/2010 1:04:06 AM PDT by AlexW
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To: Fred

Because they’ve done such a great job with social security and that “lock box” thing.


5 posted on 09/02/2010 1:07:00 AM PDT by highlander_UW (Education is too important to abdicate control of it to the government)
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To: Fred
I said this a year ago.
I depleted my IRA and the finance company asked me why.

I said, and I quote, ‘because the government is going to take it.’

Odd thing, my ex-wife did the exact same thing.

As soon as Obama was elected, half the people I know, dumped their 401s.

We all knew this was coming. And this is only the beginning.

The United States economy is in full meltdown.

It will not be long before everything you own belongs to the government. By government, of course, that would be China.

Wow! Isn't it wonderful to live in the Utopian Paradise the Libs and RINOs have given us?

They must be very proud. USSR rocks! (and now, we are them) Good going to all involved. Great Job. I'll see you in the bread line! You stupid losers.

6 posted on 09/02/2010 1:08:43 AM PDT by 240B (he is doing everything he said he wouldn't and not doing what he said he would)
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To: AlexW

Yeah right it will end up being a single room apartment in a slum somewhere and a bus pass....


7 posted on 09/02/2010 1:09:12 AM PDT by The Magical Mischief Tour
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To: Fred

I should pull mine out and hide the money under the mattress. Until Obama sends his secret police to check my bedroom, that might be the safest place.


8 posted on 09/02/2010 1:09:18 AM PDT by fatnotlazy
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To: 240B

Move mine to a Roth. No mas in my 401K.


9 posted on 09/02/2010 1:14:47 AM PDT by Fred (Suspend All Immigration Until Unemployment is Reduced to 5%)
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To: Fred

Give the feds time; they’ll come for your Roth too.


10 posted on 09/02/2010 1:17:09 AM PDT by fatnotlazy
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To: allmost

Don’t know why they need to, what with our first Black Prez’s brilliant idea to re-create Zimbabwee economics (i.e. Weimar Republic finance policy) here in the USA.

Obama doesn’t need anyone to buy Govt debt, his Fed Reserve (or Kinko’s Copy Centers) will just create the money out of thin air and the Govt will have all the dollars it needs.

A process now called “quantitative easing” (aka counterfeiting or destroying the value of the dollar)

And since no Dem voter has the smarts to figure out that debasing the currency always leads to making it w/o value, Obama can do it all he wants. Trillions at the snap of his finger...too cool!


11 posted on 09/02/2010 1:18:14 AM PDT by OldArmy52 (Obama & the "Dem Party" have proved America is ready for Fascism/Socialism.)
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To: AlexW
Obambie to take ALL of your earnings and money, in exchange for five acres and a mule.

...and the mule has only three legs...

12 posted on 09/02/2010 1:19:44 AM PDT by JohnLongIsland (www.wilsonfornewyork.com)
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To: fatnotlazy

A;ready paid the taxes and can pull it out with min fallout...


13 posted on 09/02/2010 1:19:50 AM PDT by Fred (Suspend All Immigration Until Unemployment is Reduced to 5%)
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To: fatnotlazy

Yep


14 posted on 09/02/2010 1:20:21 AM PDT by 240B (he is doing everything he said he wouldn't and not doing what he said he would)
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To: Fred
Has anyone noticed that Gold skyrocketed after Obama.

This is not a natural spike. People are afraid of Obama and the Liberals, i.e, Communists.

Everyone knows the government is going to take everything and they rushing to Gold as a haven. It is as if they think the Communist government will not take their Gold.

Of course they will. And even if they can't find, the Government will just trading in Gold illegal.

No, short of moving to Australia, there is no way around this.

America has been conquered!

15 posted on 09/02/2010 1:28:02 AM PDT by 240B (he is doing everything he said he wouldn't and not doing what he said he would)
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To: Fred
Now, if The Obammunist and the socialists proposed to take, say, half of SS contributions and put them in a private IRA dedicated to that SS# account in long term Treasuries, I could buy it.

Sounds like a Conservative plan all along.

What the anti-capital collectivists are working towards are requirements to qualify an IRA for tax exemption before retirement.

Hussein was very clear in his campaign website that IRA tax exemption is a government subsidy, all money belongs to the government. Osama posted on the site that anyone rich enough to have a private retirement account, is rich enough to pay taxes on it. The website has long since been scrubbed.

The Treasury requirement is likely to be: X bucks of Treasuries in an IRA to qualify X bucks of other IRA investment tax exemption.

All of this was spelled out in Barak Hussein bin Obama al Kenyata's campaign literature long before he was elected.

yitbos

16 posted on 09/02/2010 1:30:05 AM PDT by bruinbirdman ("Those who control language control minds.")
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To: fatnotlazy
I should pull mine out and hide the money under the mattress. Until Obama sends his secret police to check my bedroom, that might be the safest place.

They won't need any steenkin' secret police to take your savings.

Whatever gets past the taxman will be robbed by the central bankers et al - and they'll never have to get near your home to do it.

17 posted on 09/02/2010 1:36:51 AM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: Fred

bump


18 posted on 09/02/2010 1:39:05 AM PDT by God luvs America (When the silent majority speaks the earth trembles!)
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To: 240B

Sounds like another way of saying ‘’Stick em up,sucker.’’


19 posted on 09/02/2010 2:01:26 AM PDT by Waco (From Seward to Sarah)
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To: OldArmy52
aka counterfeiting or destroying the value of the dollar

I was paid unemployment. Got a call from the IRS and they wanted taxes on the unemployment.

I was confused. So I said to the lady, but unemployment is taxes. You tax people to have money to pay unemployment. That is one of the points of having taxes.

So, I continue, by this logic, the government pays me unemployment. The government then taxes the unemployment they just gave me. And then they count the amount of money they just gave me, that give back to them, which is their own money... as revenue.

So, basically, money that you give me, that I give back to you is productivity?

Man that is some wild logic. Get you money for nothing and your chicks for free.

Liberalism is a mental disease. They really do, they are pretending, they really do believe that money comes from nothing. It is like dealing with children.

20 posted on 09/02/2010 2:06:31 AM PDT by 240B (he is doing everything he said he wouldn't and not doing what he said he would)
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