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To: pabianice
The eventual plan is to seize all 401K assets and replace them with a “guaranteed” Federal pension for everyone. One that is “fair”.

****************

I've been waiting for them to try this for years.

The pool of money in 401(k) and IRA accounts is ginormous. There's no way the looters in D.C. can avoid thinking and dreaming about such a treasure chest.

But they won't make their grab directly. That would draw too much heat.

Instead, they'll tack an amendment onto a "mom-and-apple-pie" type of bill, or a Defense appropriations bill, then we'll wake up one morning with the bill already signed and the trucks backing up to our financial institutions.

Vigilance.

24 posted on 04/23/2012 6:57:33 AM PDT by DNME (A monarch's neck should always have a noose around it. It keeps him upright. — Robert Heinlein)
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To: DNME
The pool of money in 401(k) and IRA accounts is ginormous.

What do you think has been propping up the stock markets?

25 posted on 04/23/2012 6:59:54 AM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: DNME

All they have to do to steal all that money is inflate and default the currency.

There’s no reason to take it through taxation or anything else that anyone understands.


26 posted on 04/23/2012 7:00:41 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: DNME

then we’ll wake up one morning with the bill already signed and the trucks backing up to our financial institutions””

NO trucks needed——electronic transfers only will be done.

Argentina took over $69 BILLION just about 3 years ago. Electronically over a weekend.


46 posted on 04/23/2012 10:30:35 AM PDT by ridesthemiles
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