Posted on 02/06/2013 7:06:12 AM PST by SeekAndFind
“I’m from the government and I’m here to help”
So now the government is going to pull the biggest scam of all.
That seems a prudent decision to me. Something else people need to think about is the inevitable inflation we will have to face. Prices are already rising. It is best to make such purchases now.
Yep. These folks always give a "heads up" on their intentions. Too bad most of America isn't listening.
Of all the scoundrels ripping off the holders of IRAs and 401(k)s, none compares with Ben Bernanke. He manipulates the money, credit, and fixed income markets to make sure that small, risk-averse savers get virtually no nominal return, and negative real return on investment.
It’s worth noting that the “consumer financial protection” bureau that “wants to help” is part of Bernanke’s Federal Reserve.
“I’m from the government and I’m here to help. Now....please bring up your latest statement for your 401k. I believe you are with Fidelity, correct?”
And this is the avenue that they will use to force individuals into purchasing a certain percentage of their portfolio as US Bonds. They want access to the Trillions in retirement accounts.
Actually it started with good old Hillary Clinton who suggested that the government take over al 401k’s.
Public union retirement accounts are going bust. They need your money to make sure the retired DMV employee can make the maintenance payment on the winter condo in south beach.
LOL; best laugh of the morning! Thx!
And now a lot of big pension funds are. In trouble and have to pump cash into them because of the horrible returns.
I stole it from Dave Ramsey....he uses this when he tells peole not to get financial advice from people who are broke.
Looks like mason jars sales will be on the up swing.
“We, your friendly government bureaucrats, have a good record on making investments of the people's taxes.”
“Forget how we screwed the stock and bond holders of GM out of their investments to preserve union benefits—we saved their jobs even if we still lost billions on the so-called stimulus investment.”
“And we don't even have to mention the enormous investments we made and plan to make in non-fossile fuels energy companies like Solyandra, Fisker and others.”
And of course, much of your money will be prudently invested in government debt instruments, low-paying, but look how secure they are. And we appreciate the cheap loan to keep us afloat and keep our government union benefits high”
Social engineering with YOUR money is fun.
Just like the EPA is helping to “manage” the coal industry.
Or, like having Edward Scissorhands pack your parachute.
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