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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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To: Fred

Take my money and civil war starts.


21 posted on 09/02/2010 2:10:30 AM PDT by bmwcyle (It is Satan's fault)
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To: Fred

Related, from last night:

http://www.freerepublic.com/focus/f-news/2581794/posts


22 posted on 09/02/2010 2:56:28 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Fred

They can “force” companies to offer this sham of an option.
They CAN NOT force individuals to invest in it!

If the Dems want to have a conversation about the pitfalls of “privatizing Social Security” vs. this hoax, bring it on!


23 posted on 09/02/2010 3:12:42 AM PDT by G Larry (Democrats: expediting the Destruction of America, before they lose power...)
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To: Fred
But putting Social Security in a private investment fund is stupid ?
24 posted on 09/02/2010 3:34:48 AM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: bmwcyle

I’m with you !


25 posted on 09/02/2010 3:38:58 AM PDT by Renegade
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To: Fred

“WND reported in January that Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry are planning to stage a public comment period before implementing regulations that would require private investors to structure IRA and 401(k) accounts into what could amount to a U.S. Treasury debt-backed government annuity.”

Just like health care, what part of the Constitution gives our elected elite the right to demand that I purchase a product to live in the U.S.?


26 posted on 09/02/2010 3:58:31 AM PDT by steveab (When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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To: steveab

I wonder if there will be a way to invest in insurance on these CDO’s? We could make gazillion dollars, or euros or some new currency, on this. Go read The Big Short for a full explanation.

On a serious vein, put your hands on my IRA and that is where you are going to leave them.


27 posted on 09/02/2010 4:27:14 AM PDT by Mouton
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To: 240B

Question, how can you get out of 401 without taking a hugh loss due to the penalty placed on it for early withdraw by the gov’ment?


28 posted on 09/02/2010 4:54:18 AM PDT by Doulos1 (Bitter Clinger Forever)
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To: Doulos1

google 72t


29 posted on 09/02/2010 5:08:50 AM PDT by EVO X
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To: Fred

They HATE the fact that some people worked hard during their lives and saved some money, and that some others lived a life of lazy uselessness, and now, poor things, have no savings.
So they WANT to take the savings and give them to the people who vote democrat.
They will find a way to do it by slipping in an amendment to an unrelated bill.


30 posted on 09/02/2010 5:11:37 AM PDT by Leftism is Mentally Deranged (Annoying liberals is my goal. I will not be silenced.)
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To: AlexW
You only get the 5 acres and a mule if you are not “wealthy”

Once the fix is in to nationalize retirement assets, then means testing will redistribute them.

Imagine your pension fund (made up of your earnings you chose to defer or to save or to invest) being run by the people now running our economy into the ground. The economic geniuses who call tax cuts “spending” and unemployment checks and rampant govt pork spending “stimulus”

Imagine your pension being managed by the people who run the Post Office.

Retirees who own their own homes mortgage free, being “wealthy”, will get only half a mule. Actually a piece of paper entitling them to half a mule, payable over 10 years.

31 posted on 09/02/2010 5:24:39 AM PDT by silverleaf (Those who can make you believe absurdities can make you commit atrocities.)
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To: 240B
... I said, and I quote, ‘because the government is going to take it.’ Odd thing, my ex-wife did the exact same thing....

She took your IRA?................

32 posted on 09/02/2010 5:34:26 AM PDT by Red Badger (No, Obama's not the Antichrist. But he does have him in his MY FAVES.............)
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To: silverleaf

Once you begin to hear that they are raising the penalties/fines/fees for early withdrawal, that’s right before they take your IRA.

Anyone who thinks that the govt will not eventually take over your IRA is being naive. Even if its 25years from now. Too much money.


33 posted on 09/02/2010 5:53:30 AM PDT by Noamie
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To: bmwcyle
Take my money and civil war starts.

Roger that!

34 posted on 09/02/2010 6:02:17 AM PDT by Niteranger68 (I believe in man-made political climate change.)
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To: Fred
...forcing IRA and 401(k) holders to buy Treasury bonds...

Too late Mr. Gooberment. Worldcom disappeared my IRA a few years ago.

35 posted on 09/02/2010 6:11:01 AM PDT by CPOSharky (They ain't "illegals." They are just unregistered democrats.)
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To: Fred

A real wealth killer if I ever saw one.

Stock market would dive.


36 posted on 09/02/2010 6:39:39 AM PDT by bestintxas
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To: bmwcyle

“Take my money and civil war starts.”

They have been carefully crafting that monies collected by the feds are “theirs”, not yours. Things like “can we afford tax cuts” are designed to indoctrinate people to believe that the govt has legitimate claim to money(When actually it is not theirs but ours).

When it comes to the 401k and to IRAs, their premise is that if taxes have not been collected on them, they are not “yours” yet, so they see a legitimate claim to it.

That’s why it is better to have it “after-tax” rather than “pre-tax”.

I am 59 1/2 in 4 months and will pull as much as I can out of 401k.


37 posted on 09/02/2010 6:45:03 AM PDT by bestintxas
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To: allmost

No! They CAN NOT have it!


38 posted on 09/02/2010 6:48:07 AM PDT by ri4dc (Obamanomics gives me Chronic Obamasomnia)
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To: 240B

Gold has skyrocketed and the other stocks have gone down. Way down.


39 posted on 09/02/2010 6:48:12 AM PDT by Lady Lynn
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To: The Magical Mischief Tour

It’s the “Joe the Plummer” effect.


40 posted on 09/02/2010 6:48:20 AM PDT by Lady Lynn
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