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Obama Begins Push to Confiscate IRA’s & 401k’s

 
UseLess RepEATER
Those who know the least obey the best: G.F.

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11/18/2012 03:40 AM

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Obama Begins Push to Confiscate IRA’s & 401k’s
There have been these rumors swirling for the last 4 years, but now is the time to take heed since O is now a lame duck:

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 be automatically deducted and deposited into this account. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts.

Continues here:

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Anonymous Coward
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11/18/2012 09:31 PM
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Re: Obama Begins Push to Confiscate IRA’s & 401k’s
Thank god. I was getting worried I'd actually build up some real wealth.
CASTILLO183

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11/18/2012 09:37 PM
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Re: Obama Begins Push to Confiscate IRA’s & 401k’s
Well their goes my whole life-saving with this dictator in power. dynamite
GOLD IS MONEY, EVERYTHING IS CREDIT- JP MORGAN
Anonymous Coward
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11/18/2012 09:42 PM
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Re: Obama Begins Push to Confiscate IRA’s & 401k’s
bsflagbsflagbsflag
UseLess RepEATER (OP)
Those who know the least obey the best: G.F.

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11/19/2012 03:08 AM

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Re: Obama Begins Push to Confiscate IRA’s & 401k’s
bsflagbsflagbsflag
 Quoting: Anonymous Coward 14692821


Nothing like BS flags X 3 with no refutation given. Did you read the whole article AC?
Real Eyes, Realize, Real Lies
~U.R.~

Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.
~H. L. Mencken~

We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.
~Plato~

When a well-packaged web of lies has been sold gradually to the masses over generations,
the truth will seem utterly preposterous and its speaker a raving lunatic.
~Dresden James~

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