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Keyword: nationalize

Brevity: Headers | « Text »
  • Investing in the ObamaFund; Treasury rolls out a new savings plan without a Congressional vote.

    12/30/2014 3:32:07 AM PST · by Liz · 16 replies
    wsj.com ^ | 12/29/14
    EXCERPT—--the WH wants you to consider a retirement plan that will invest in nothing but US government debt. Any financial professional who advised this—would be sued for malpractice. But asset allocation is merely one of the problems with the new “myRA” fund rolling out this month. A form of Roth IRA that allows people to save after-tax dollars and watch them grow tax-free until retirement, the new myRA offers a single investment option. It’s a private version of the G Fund that is available to federal workers and has lately been delivering annual returns of about 2% on its portfolio...
  • Nationalize Rolling Stone

    01/05/2014 11:02:47 AM PST · by ReformationFan · 8 replies
    The People's Blog ^ | 1-4-14 | El Presidente
    One of the great intellects at Rolling Stone magazine has joined us in our call for universal misery. Jesse A. Myerson is calling on "millennials" to fight for five key economic reforms. 1. Guaranteed work for everybody. 2. Social Security for all. 3. Take back the land. 4. Make everything owned by everybody. 5. A public bank in every state. As a result of Mr. Myerson's call for universal free stuff, the editors at Rolling Stone have announced universal subscriptions for all! No longer will Rolling Stone magazine participate in the outdated economic system of capitalism. As a sign of...
  • Mark Levin: Obama trying to nationalize election process

    03/28/2013 8:59:51 PM PDT · by Nachum · 26 replies
    The Right Scoop ^ | 3/28/13 | The Right Scoop
    Mark Levin opened his show tonight discussing Obama’s new executive order to create an election commission to study problems that Obama says exist on the local and state level, like people standing in line too long in waiting to vote. But Levin wants to know where the evidence exists to substantiate these so-called problems. In fact, he believes that Obama is trying to nationalize the election process so the federal government will have more control over it. Here’s an short excerpt: In the ratification debates in the states, after the Constitutional Convention ended, after they sent draft copies of the...
  • Obama Begins Push to Confiscate IRA’s & 401k’s

    11/16/2012 11:45:13 PM PST · by rocksandbroncs · 116 replies
    Silver Doctors ^ | November 16, 2012 | The Doc
    It may be time to take the tax hit and withdraw funds from private retirement accounts before they are forced into long term T-bonds. The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities(aka Treasury bonds that the Treasury currently can’t sell to anyone but the Fed). National Seniors Council Director Robert Crone warns: “This whole issue is moving forward very quickly. Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would...
  • Petition wants Obama to save Twinkies

    11/16/2012 4:09:33 PM PST · by Belteshazzar · 36 replies
    politico.com ^ | 11/16/2012 | Byron Tau
    A new White House petition wants President Obama to nationalize the "Twinkie industry," saving the popular junk food from possible extinction. "We the undersigned, hereby request Barack Obama to immediately Nationalize the Twinkie industry and prevent our nation from losing her sweet creamy center," a petition on the White House "We the People" website requests ...
  • Obama Begins Push for New National Retirement System..401K at risk?

    11/16/2012 7:16:48 AM PST · by mikelets456 · 70 replies
    National seniors ^ | 11/11/2012 | National Seniors
    A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning. The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans. "This hearing was set up to explore why Americans...
  • Bolivia may seize South American Silver embattled silver project

    07/09/2012 4:04:04 PM PDT · by DeaconBenjamin · 16 replies
    Reuters ^ | Mon Jul 9, 2012 8:38am IST
    Bolivia will consider nationalizing Canadian miner South American Silver Corp's silver property, President Evo Morales said on Sundayt. Leftist Morales, who last month seized Glencore's tin and zinc mine in Bolivia, said he hadn't taken a final decision. "Nationalization is our obligation, I already raised the issue of nationalizing (the project) last year, and I told (local residents) to reach an agreement, because when they want we're going to nationalize," Morales told a farmers' gathering. Exploration work, in which South American Silver plans to invest some $50 million, is expected to end within three years. The company describes it as...
  • New Lame Duck Threat to Bailout Union Pensions

    10/11/2010 5:02:03 PM PDT · by 4buttons · 11 replies · 2+ views
    Human Events ^ | 10/8/10 | Connie Hair
    In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a "fair" pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.
  • Following in the Footsteps of Monsters

    09/24/2010 7:08:57 PM PDT · by Whenifhow · 13 replies
    Noisyroom.net ^ | 9-24-2010 | Terresa Monroe-Hamilton
    I watched Glenn Beck today and it was truly an eye opener when comparing Hitler’s ascension to power and what is occurring today. Yep, I know… So many have told me I can’t bring up Hitler and gasp! I certainly cannot compare him to Obama or the UN. Watch me… Kitty Worthman was 12 years old when Hitler came to power in Germany. She pointed out the following progression under Hitler’s Nationalization: 1. The radio stations. 2. The banks. 3. The auto industry. 4. The schools. 5. The healthcare industry. See a similarity here? What Kitty experienced is being repeated...
  • U.S. Government plots to confiscate your retirement funds.

    09/05/2010 2:47:16 AM PDT · by Lexluthor69 · 64 replies · 2+ views
    The Silent Majority ^ | 09-05-10 | Southernman
    With the government facing an escalating crisis of debt it seems they are becoming increasingly creative (devious) with solutions. We have reported previously on the U.S. government’s intimations that they would move to nationalize private retirement accounts (Obama’s Socialist Government Coming For Your Pension ). Now it seems that the Department of Labor and the Treasury Department are beginning to take the steps necessary to do just that. The following excerpts come from an article entitled “US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts“: On August 26, the US Department of Labor issued a...
  • Venezuelans oppose Chávez attempt to nationalize private food company (Hugo starts to teeter)

    07/10/2010 12:26:49 AM PDT · by Stultis · 44 replies
    Washington Post ^ | 9 July 2010 | Juan Forero
    As in all major government takeovers of private companies in Venezuela, President Hugo Chávez declared that seizing beer-and-food giant Polar's facilities here would mark another victory for the poor in the country's march toward socialism. "Why is it that Polar has so much money?" Chávez asked in a February speech ... Except this time, the president's plans went badly awry, ... Polar [fought] back by taking its case to the Supreme Court, [and] its employees have risen up, too, rallying in opposition to Chávez's edict and holding all-night vigils to prevent a takeover. ... employees said they oppose the government...
  • Venezuela govt to nationalize 11 US-owned oil rigs

    06/30/2010 11:44:21 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 83 replies · 3+ views
    breitbart.com ^ | Jun 30 02:20 AM US/Eastern | breitbart.com
    Venezuelan President Hugo Chavez (right) alongside Oil and Energy Minister ... http://www.breitbart.com/image.php?id=iafpCNG.939483e305b1ba22fc2cd72e1641a9c0.5b1p0&show_article=1&article_id=CNG.939483e305b1ba22fc2cd72e1641a9c0.5b1 Venezuela's legislature has voted to nationalize 11 oil rigs owned by the US firm Helmerich & Payne. The rigs, located in Monagas, Anzoategui and Zulia states, will be taken over by state oil giant Petroleos de Venezuela (PDVSA), the official news agency AVN said. PDVSA had asked the legislature controlled by supporters of leftist President Hugo Chavez to take over the rigs after the US firm declined to negotiate a new service contract, unlike 32 other foreign firms.
  • BP Stands For Bankruptcy Protection?

    06/09/2010 12:36:29 PM PDT · by Slyscribe · 22 replies · 158+ views
    IBD's Capital Hill ^ | 6/9/2010 | Ed Carson
    BP (BP), the one-time British Petroleum that tried to rebrand itself as “Beyond Petroleum,” is crashing today on talk that energy giant may have to seek bankruptcy protection. BP has plunged 15% — more than 50% below pre-spill levels. In an article today, Fortune quoted Matt Simmons, oil and gas industry insider: They have about a month before they declare Chapter 11. They’re going to run out of cash from lawsuits, cleanup and other expenses.
  • Pelosi Says Nationalizing election won't work for repubs (which means it will)

    05/21/2010 8:31:29 AM PDT · by Cubs Fan · 36 replies · 1,302+ views
    Bring it on, says Nancy Pelosi, dismissing GOP election hopes By Bob Cusack and Jared Allen – 05/19/10 08:47 PM ET Speaker Nancy Pelosi has a message for Republicans this fall: Bring it on. A buoyant Pelosi (D-Calif.) on Wednesday basked in the Democrats’ special-election triumph while bashing Republicans and expressing confidence that her party will retain control of the House. In an interview with The Hill, the Speaker said it was very important to her that Democrats retain the late Rep. John Murtha’s (D-Pa.) seat, which they did Tuesday night. Pelosi, who was very close with Murtha, said Republicans...
  • Chris Matthews: Hey, maybe Obama should nationalize the oil industry (Venezuela here we come)

    05/18/2010 9:41:06 AM PDT · by SeekAndFind · 43 replies · 1,048+ views
    Hotair ^ | 05/18/2010 | Allahpundit
    Why he’d have to nationalize the entire industry to deal with the BP leak is unclear to me, but all men have their fantasies, my friends. Doubtless most of our male readers were thinking about Miss USA for much of the afternoon; Tingles, bless his heart, was thinking about this. We should get him and Woody Allen together, see where the discussion leads. That’d be a “Hardball” for the ages, wouldn’t it?I think The One’s more of a commission kind of guy than an “emergency seizure” kind of guy. Which is fortunate, because from what I can tell, Matthews’s idea...
  • Are the Feds Trying to Nationalize Your Retirement Savings?

    05/10/2010 10:45:10 PM PDT · by mark_interrupted · 21 replies · 1,459+ views
    www.powerlineblog.com ^ | John Hinderaker
    Are the Feds Trying to Nationalize Your Retirement Savings? Share Post Print May 9, 2010 Posted by John at 7:15 PM For some time, there have been rumblings that the federal government might try to solve its budgetary problems by nationalizing (i.e., stealing) the money that millions of Americans have set aside for retirement in 401(k) plans and the like. One way they might do this is to confiscate the cash on hand in exchange for a promise to make future payments in the form of an "annuity." An involuntary annuity, in that scenario. I haven't taken this speculation too...
  • The Dinner Roll

    03/26/2010 4:18:29 AM PDT · by T-Bird45 · 4 replies · 763+ views
    E-mail | Anonymous
    The Dinner Roll .. Once upon a time I was invited to the White House for a private dinner with the President. I am a respected businessman, with a factory that produces memory chips for computers and portable electronics. There was some talk that my industry was being scrutinized by the administration, but I paid it no mind. I live in a FREE country. There's nothing that the government can do to me if I've broken no laws. My wealth was EARNED honestly, and an invitation to dinner with an American President is an honor. I checked my coat, was...
  • Obama to Nationalize Student Lending with Pending Budget Bill

    01/20/2010 9:52:02 AM PST · by TLI · 21 replies · 1,362+ views
    CNSNews.com ^ | January 20, 2010 | Matt Cover
    (CNSNews.com) – A bill currently before the Senate would empower the Obama administration to nationalize the student lending industry, eliminating the federally subsidized private loans millions of university students rely on to finance their educations. The Student Aid and Fiscal Responsibility Act – currently being considered by the Senate Health, Education, Labor, and Pensions (HELP) Committee – would eliminate the Federal Family Education Loan (FFEL) program. FFEL loans are federally subsidized and make up approximately 80 percent of the student lending industry.
  • "Do You Support A Nationalized Health Care System?" FReep This Poll

    07/22/2009 3:54:03 PM PDT · by mukraker · 30 replies · 874+ views
    WJFW ^ | July 22, 2009 | WJFW
    Freep this poll before 9 pm CDT Wednesday July 22 "Do you support a nationalized health care system?" www.wjfw.com
  • Waters: Socialize The Oil Industry

    06/30/2009 8:56:49 PM PDT · by Irisshlass · 24 replies · 1,099+ views
    Waters: Socialize The Oil Industry
  • "Nazi" was gutter slang for the verb "to nationalize"

    06/23/2009 4:59:20 AM PDT · by FromLori · 33 replies · 826+ views
    On June 7, 1995, the Washington Times printed a letter to the editor from a man named Thomas Colton Ruthford in which he described the Nazis and how Hitler came to power and then abused that power. In light of current events, this letter could be quite chilling. There are those who say that "Those who will not learn from history are doomed to repeat it," but I would like to modify that and say that, "The only lesson we learn from history is that we don't learn from history." Gary ****************************** **** Letter to the Editor 6/7/95 - Arlington,...
  • The New York Times: First to be Nationalized or sold for Scrap?

    05/18/2009 12:07:22 PM PDT · by publius321 · 20 replies · 589+ views
    The New York Times: First to be Nationalized or sold for Scrap? The Wall Street Journal just featured a column speculating that control of the troubled New York Times may be acquired within the next couple of years. That’s it! Abuse your shareholders by running those assets into the ground then sell off what’s left for scrap. Like most of the major media companies, they ran the company not to increase shareholder equity but rather to increase DNC equity. The New York Times is more of a 527 organization than a news organization. The scoundrels running the NY Times should...
  • What is nationalization?

    02/20/2009 3:41:39 PM PST · by Oldeconomybuyer · 15 replies · 711+ views
    CNN Money.com ^ | February 20, 2009 | Colin Barr, senior writer
    NEW YORK (Fortune) -- What does it mean to nationalize a bank, anyway? That question has weighed on the minds of investors in the two weeks since the Obama administration's comprehensive financial industry stability plan fell flat. And they came to a head Friday. Nationalization fears helped drag down shares of Citigroup (C, Fortune 500) and Bank of America (BAC, Fortune 500) as much as 36% at one point Friday. BofA recovered most of its losses to finish Friday down just 3.6%. But Cit's stock closed Friday with a 22% loss. The term nationalization has been used to cover a...
  • U.S. Banking system is insolvent

    02/15/2009 1:03:57 AM PST · by Tempest · 15 replies · 1,182+ views
    "The United States banking system is effectively insolvent," Mr. Roubini said. Economist who predicted financial crisis says its time to nationalize insolvent banks Zombie banks are effectively stalking the economy, killing off the potential for economic recovery. Nouriel Roubini (regmonitor.com) is calling for drastic action to stop zombie banks from further damaging the global economy through waves of financial crisis. Nouriel Roubini, a professor of economics at the Stern School of Business at New York University, has been one of the few to predict the warp and woof of the damage to the economy. Mr. Roubini estimates thal losses on...
  • Obama Should Nationalize U.S. Banks, Krugman Says

    02/02/2009 8:55:23 AM PST · by Zeddicus · 29 replies · 1,395+ views
    online | 02/02/2009 | online
    There is a story out now on a website which cannot be posted here, but it's pretty important because it has the current liberal economic holy man Paul Krugman openly stating that any further bank bailouts undertaken by Obama should require bank nationalization. If you search for "Obama Should Nationalize U.S. Banks, Krugman Says", you'll find it.
  • HELP Vanity - Looking for Nationalized Banks Article

    10/11/2008 11:36:48 AM PDT · by clifcrds · 7 replies · 288+ views
    Need help in locating a great conservative article on what we could expect from a Nationalized Banking System under Obama and a majority Commicrat Congress. This article included the facts that a Nationalized Banking system would be able to regulate our lives by loaning money only if you were using it to live "Green". No home loans for homes over 1,500 sq ft . . . uses too much energy to heat and cool. No homes out in the country . . . use too much fuel to drive back and forth to work, much better living in a cramped...
  • Venezuela to nationalize local unit of Grupo Santander

    08/03/2008 7:01:26 AM PDT · by DeaconBenjamin · 5 replies · 95+ views
    International Herald Tribune ^ | Published: July 31, 2008
    CARACAS: Venezuela will nationalize the local unit of the Spanish bank Grupo Santander, President Hugo Chavez said Thursday. Chavez said he would pay fair compensation for the bank. The government blocked the bank's attempt to sell itself to a local investor. In an address, Chavez said that "I am interested, and we are going to nationalize it." The financial institution is Venezuela's largest bank. Under Chavez's governance, Venezuela also has nationalized its largest telephone, electricity, steel and cement companies and has assumed majority control over four major oil projects.
  • Bolivia takes full control of Transredes {Nat. Gas Pipeline}

    06/02/2008 1:34:45 PM PDT · by thackney · 11 replies · 75+ views
    Forbes ^ | 06.02.08 | DAN KEANE
    LA PAZ, Bolivia - President Evo Morales signed a decree nationalizing all assets of gas pipeline company Transredes on Monday, saying the foreign companies that owned half of it had been too slow in negotiating. Morales' decree gives the government full ownership of Transredes SA, which transports Bolivia's natural gas to clients in Brazil and Argentina. Terms of the nationalization were not announced. The company had been half-owned by Royal Dutch Shell PLC (nyse: RDSA - news - people ) and Ashmore Energy International. Morales said Ashmore executives had initially agreed to sell some of their 25 percent stake in...
  • Congresswoman threatens to nationalize oil industry (Maxine Waters)

    05/23/2008 10:10:18 AM PDT · by Nachum · 56 replies · 924+ views
    WND ^ | 5-23-08 | staff
    In a grilling of oil executives by a House panel yesterday, Rep. Maxine Waters, D-Calif., threatened to nationalize the industry if it didn't do something about the rising prices at the pump. A report by Fox News, captured in a clip posted on YouTube.com, showed Waters challenging the president of Shell Oil, John Hofmeister, to guarantee the prices consumers pay will go down if the oil companies are allowed to drill wherever they want off of U.S. shores.
  • Fed eyes Nordic-style nationalisation of US banks

    03/31/2008 6:18:47 PM PDT · by shrinkermd · 29 replies · 602+ views
    Telegraph UK ^ | 1 April 2008 | Ambrose Evans Pritchard
    The US Federal Reserve is examining the Nordic bank nationalisations of the 1990s as a possible interim solution to the US financial crisis. ... A senior official at one of the Scandinavian central banks told The Daily Telegraph that Fed strategists had stepped up contacts to learn how Norway, Sweden and Finland managed their traumatic crisis from 1991 to 1993, which brought the region's economy to its knees. It is understood that Fed vice-chairman Don Kohn remains very concerned by the depth of the US crisis and is eyeing the Nordic approach for contingency options. Scandinavia's bank rescue proved successful...
  • Venezuela’s Education Lesson

    10/04/2007 12:04:08 PM PDT · by SWBrowne · 3 replies · 242+ views
    Human Events ^ | 10/04/2007 | Dan Lips
    Venezuelan President Hugo Chavez has used the power of the state to nationalize the oil industry, squash the independent news media, and control the electoral process. Seizing control of the country's public and private schools is next on his agenda.
  • Chavez: Will nationalize telecoms, power

    01/08/2007 9:57:13 PM PST · by NormsRevenge · 15 replies · 728+ views
    AP on Yahoo ^ | 1/8/07 | Ian James - ap
    CARACAS, Venezuela - President Hugo Chavez announced plans Monday to nationalize Venezuela's electrical and telecommunications companies, pledging to create a socialist state in a bold move with echoes of Fidel Castro's revolution in Cuba. Chavez, who will be sworn in Wednesday to a third term that runs until 2013, also said he wanted a constitutional amendment to eliminate the autonomy of the Central Bank and would soon ask the National Assembly, solidly controlled by his allies, to give him greater powers to legislate by presidential decree. "We're moving toward a socialist republic of Venezuela, and that requires a deep reform...
  • An Ad I Wish We'd See

    11/04/2006 4:58:50 PM PST · by Bob Leibowitz · 5 replies · 721+ views
    http://www.Canticle4Leibowitz.com ^ | 11/6/2006 | Leibowitz
    If war there be, then let there be talk of war, talk of victory and talk of defeat.
  • Oil companies that don't pay taxes must leave Venezuela

    05/09/2005 4:05:29 AM PDT · by Flavius · 25 replies · 951+ views
    ap ^ | Monday May 9, 2005 | ap-wire
    CARACAS, Venezuela (AP) - President Hugo Chavez said Sunday that foreign oil companies operating in Venezuela must pay taxes he insists they owe, or else leave the country. "The companies must pay what they owe,'' Chavez said during his Sunday television and radio show. "If they don't pay, they must leave.'' Chavez said that many private oil companies have been evading taxes for years, and they must be charged retroactively with interest on any debts. Officials have said that many declare losses to avoid paying income tax. "It's not possible that an oil company can come here, pay 1 percent...
  • Chavez threatens Venezuela central bank takeover [Communists Taking Over Venezuelan Money Supply!]

    01/08/2004 7:35:33 AM PST · by TastyManatees · 52 replies · 753+ views
    Forbes (Reuters) ^ | 1/7/04 | Pascal Fletcher
    Chavez threatens Venezuela central bank takeoverBy Pascal Fletcher CARACAS, Venezuela, Jan 7 (Reuters) - Venezuelan President Hugo Chavez threatened on Wednesday to take over the country's autonomous central bank if it did not agree to his demand to hand over $1 billion in reserves to finance farming projects. The left-wing populist president has waged a noisy two-month public campaign to pressure the Central Bank of Venezuela (BCV) to free the funds for his government, which has clashed with the bank in the past over economic policies. Central bank directors have so far resisted the president's repeated public threats, arguing that...