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Now Obama Wants Your 401(K)

 
Carshy McCarsh
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Germany
12/03/2012 01:28 AM
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Now Obama Wants Your 401(K)
[link to www.wnd.com]

NEW YORK – Two years ago, as WND reported, the Obama administration was proceeding with a novel way to finance trillion-dollar budget deficits by forcing IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their retirement accounts.

Remarkably, those financial professionals specializing in private retirement savings and the U.S. citizens investing in private retirement plans now face the possibility the Obama administration and its allies on the political left will impose rules and regulations that effectively abolish the private retirement savings and investment markets.

Recent evidence suggests government officials continue to eye the multi-trillion dollar private retirement savings market, including IRAs and 401(k) plans, eyeing the opportunity to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government-controlled programs investing in government-issued debt.

Government takeover?

An Investment Company Institute study published this month found that U.S. retirement assets totaled $18.5 trillion at the end of the second quarter 2012, of which 3.5 trillion was in IRAs and $5.1 trillion was in 401(k) plans.

Since 2010, the U.S. Treasury Department and the Department of Labor have been holding combined hearings on various plans designed to introduce government-mandated retirement plans and investment options, including government annuities invested primarily in U.S. Treasury debt, into the private retirement savings market.

“This hearing was set up to explore why Americans are not saving as much for their retirement as they could,” explained National Seniors Council National Director Robert Crone, describing a recent Treasury-Labor hearing held in the Labor Department’s main auditorium.

“However it is clear that his is just the first step toward a government takeover. It feels like the beginning of the debate over health care and we all know how that ended up.”
Tell me what this tastes like...
Old MacDonald

User ID: 28707337
Canada
12/03/2012 01:30 AM
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Re: Now Obama Wants Your 401(K)
harper2

He Wants Mine Too??

How Rude eh?
In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act - George Orwell

Rachel Maddow is HOT!!! - Seriously I'd hit it.

A VOTE FOR JUSTIN TRUDEAU IN 2015, WOULD BE THE MOST COWARDLY & IRRESPONSIBLE THING A CANADIAN CITIZEN COULD DO TO THEIR OWN PEOPLE. GUN GRABBERS ARE THE COMMON ENEMY OF ALL PEOPLE.

GUN CONTROL HAS RESULTED IN THE SLAUGHTER OF 262 MILLION CITIZENS BY THEIR GOVERNMENTS OVER THE PAST 100 YEARS.

THE LIBERAL PARTY OF CANADA & THE NDP ENDORSE GUN CONTROL, AN ESSENTIAL POLICY OF HITLER, STALIN, MAO, POL POT, EDI AMIN, QADDAFI, SADDAM, ASSAD, & EVERY OTHER TYRANNICAL GOVERNMENT THIS PAST CENTURY.

CANADIANS MUST NEVER FORGET THE BETRAYAL OF BILLS C-68 & C-17. WE MUST NOT REST UNTIL THEY ARE FULLY REPEALED.

C-19 WAS A GOOD START......BUT JUST A START. GET OFF YOUR COLLECTIVE ASSES AND MAKE AN IMPACT. WE HAVE 26 MONTHS.

I, THEE BOB, SWEAR ON THE ALTER OF GOD TO FIGHT ALL FORMS OF CANADIAN TYRANNY AND SAVE MY COUNTRY FROM THE EVILS OF THE NEW WORLD ORDER. I WILL NEVER HAND IN MY GUNS. EVER. I AM A FREE MAN, I WILL NOT BE THE BITCH OF THE SOCIALIST ESTABLISHMENT. LEAVE ME ALONE.
Carshy McCarsh (OP)

User ID: 1482388
Germany
12/03/2012 10:42 AM
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Re: Now Obama Wants Your 401(K)
harper2

He Wants Mine Too??

How Rude eh?
 Quoting: Old MacDonald


What's his is his and what's ours is his too.

taxes
Tell me what this tastes like...
j994k

User ID: 1569924
United States
12/03/2012 10:46 AM

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Re: Now Obama Wants Your 401(K)
I saw something about that last week in Time I think. I'll have to work forever now. No retirement......damn.
That is all...
Anonymous Coward
User ID: 28870983
United States
12/03/2012 10:51 AM
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Re: Now Obama Wants Your 401(K)
he wants to create a national retirement fund.....

one way or the other you will lose all your money. cash in now if u can....
Mr. Predictor

User ID: 1032780
United States
12/03/2012 10:52 AM

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Re: Now Obama Wants Your 401(K)
only money left
:6473madburger:

"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries." - Winston Churchill
Carshy McCarsh (OP)

User ID: 1481556
Germany
12/03/2012 12:14 PM
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Re: Now Obama Wants Your 401(K)
I saw something about that last week in Time I think. I'll have to work forever now. No retirement......damn.
 Quoting: j994k


he wants to create a national retirement fund.....

one way or the other you will lose all your money. cash in now if u can....
 Quoting: Anonymous Coward 28870983


only money left
 Quoting: Mr. Predictor


yes


wreckcrew
Tell me what this tastes like...
Anonymous Coward
User ID: 28996045
United States
12/03/2012 12:18 PM
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Re: Now Obama Wants Your 401(K)
This has been the plan all along. It didn't start with Obama, not even close.

This is how the NWO destroys nations.

5*
Bluebird

User ID: 27748381
United States
12/03/2012 12:18 PM

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Re: Now Obama Wants Your 401(K)
only money left
 Quoting: Mr. Predictor


Yeppers, of course he wants it. And if he can get a majority in the House as well as the Senate, he just might get it, ludicrous as that seems.
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Old MacDonald

User ID: 28707337
Canada
12/03/2012 12:22 PM
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Re: Now Obama Wants Your 401(K)
uncleben4
In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act - George Orwell

Rachel Maddow is HOT!!! - Seriously I'd hit it.

A VOTE FOR JUSTIN TRUDEAU IN 2015, WOULD BE THE MOST COWARDLY & IRRESPONSIBLE THING A CANADIAN CITIZEN COULD DO TO THEIR OWN PEOPLE. GUN GRABBERS ARE THE COMMON ENEMY OF ALL PEOPLE.

GUN CONTROL HAS RESULTED IN THE SLAUGHTER OF 262 MILLION CITIZENS BY THEIR GOVERNMENTS OVER THE PAST 100 YEARS.

THE LIBERAL PARTY OF CANADA & THE NDP ENDORSE GUN CONTROL, AN ESSENTIAL POLICY OF HITLER, STALIN, MAO, POL POT, EDI AMIN, QADDAFI, SADDAM, ASSAD, & EVERY OTHER TYRANNICAL GOVERNMENT THIS PAST CENTURY.

CANADIANS MUST NEVER FORGET THE BETRAYAL OF BILLS C-68 & C-17. WE MUST NOT REST UNTIL THEY ARE FULLY REPEALED.

C-19 WAS A GOOD START......BUT JUST A START. GET OFF YOUR COLLECTIVE ASSES AND MAKE AN IMPACT. WE HAVE 26 MONTHS.

I, THEE BOB, SWEAR ON THE ALTER OF GOD TO FIGHT ALL FORMS OF CANADIAN TYRANNY AND SAVE MY COUNTRY FROM THE EVILS OF THE NEW WORLD ORDER. I WILL NEVER HAND IN MY GUNS. EVER. I AM A FREE MAN, I WILL NOT BE THE BITCH OF THE SOCIALIST ESTABLISHMENT. LEAVE ME ALONE.
Anonymous Coward
User ID: 28996045
United States
12/03/2012 12:23 PM
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Re: Now Obama Wants Your 401(K)
only money left
 Quoting: Mr. Predictor


Yeppers, of course he wants it. And if he can get a majority in the House as well as the Senate, he just might get it, ludicrous as that seems.
 Quoting: Bluebird


They're going to get it too, pensions as well.

They get everybody dependent on the system and then pull the rug out from under them, leaving them slaves to the state.

As if we're not there already.
Anonymous Coward
User ID: 25390958
United States
12/03/2012 12:28 PM
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Re: Now Obama Wants Your 401(K)
technically, since your share of the debt is more than you have, you dont actually own anything

it's a FRN because it doesnt belong to you, it is theirs, for all DEBTS etc. It is a confirmation of DEBTS not your ownership of anything
Old MacDonald

User ID: 28707337
Canada
12/03/2012 12:35 PM
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Re: Now Obama Wants Your 401(K)
only money left
 Quoting: Mr. Predictor


Yeppers, of course he wants it. And if he can get a majority in the House as well as the Senate, he just might get it, ludicrous as that seems.
 Quoting: Bluebird


They're going to get it too, pensions as well.

They get everybody dependent on the system and then pull the rug out from under them, leaving them slaves to the state.

As if we're not there already.
 Quoting: Anonymous Coward 28996045


Here is what you American need to do before DEC 31

Pull ALL Your Money OUT of

401K
Stocks
Bonds
Savings (If you have Savings youre NOT gonna use anytime soon, some of us don't have that luxury at all)

**Don't pay any attention to money lost thru taxes either, Youre better losing 30% now then 100% later**

I don't know how a 401K works but in Canada an RRSP is the equivelent financial instrument, and if you Pull Out your $$$ from an RRSP you have to pay Taxes right then and there.

Purchase with that Money

15% of Money to Extra Food and Water
10% of Money to Home Protection Items
10% of Money to Medicine & Supplies (Based on youre individual needs)

5% Cash on Hand (NOT in the Bank, In your Wallet)

60% Gold & Silver at a Ratio of around 50 to 1

(So if you have $5000 left after Food/Protection/Meds/Cash You would Buy say 1.5oz Gold and 75oz of Silver)

Then Sit back and wait for this "Fiscal Cliff" to rape everyone else's wealth and not yours.


uncleben2

Your Welcome in advance,
Uncle Benny Bernanke
In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act - George Orwell

Rachel Maddow is HOT!!! - Seriously I'd hit it.

A VOTE FOR JUSTIN TRUDEAU IN 2015, WOULD BE THE MOST COWARDLY & IRRESPONSIBLE THING A CANADIAN CITIZEN COULD DO TO THEIR OWN PEOPLE. GUN GRABBERS ARE THE COMMON ENEMY OF ALL PEOPLE.

GUN CONTROL HAS RESULTED IN THE SLAUGHTER OF 262 MILLION CITIZENS BY THEIR GOVERNMENTS OVER THE PAST 100 YEARS.

THE LIBERAL PARTY OF CANADA & THE NDP ENDORSE GUN CONTROL, AN ESSENTIAL POLICY OF HITLER, STALIN, MAO, POL POT, EDI AMIN, QADDAFI, SADDAM, ASSAD, & EVERY OTHER TYRANNICAL GOVERNMENT THIS PAST CENTURY.

CANADIANS MUST NEVER FORGET THE BETRAYAL OF BILLS C-68 & C-17. WE MUST NOT REST UNTIL THEY ARE FULLY REPEALED.

C-19 WAS A GOOD START......BUT JUST A START. GET OFF YOUR COLLECTIVE ASSES AND MAKE AN IMPACT. WE HAVE 26 MONTHS.

I, THEE BOB, SWEAR ON THE ALTER OF GOD TO FIGHT ALL FORMS OF CANADIAN TYRANNY AND SAVE MY COUNTRY FROM THE EVILS OF THE NEW WORLD ORDER. I WILL NEVER HAND IN MY GUNS. EVER. I AM A FREE MAN, I WILL NOT BE THE BITCH OF THE SOCIALIST ESTABLISHMENT. LEAVE ME ALONE.
Carshy McCarsh (OP)

User ID: 1481556
Germany
12/03/2012 12:39 PM
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Re: Now Obama Wants Your 401(K)
technically, since your share of the debt is more than you have, you dont actually own anything

it's a FRN because it doesnt belong to you, it is theirs, for all DEBTS etc. It is a confirmation of DEBTS not your ownership of anything
 Quoting: Anonymous Coward 25390958


yes
Tell me what this tastes like...
Carshy McCarsh (OP)

User ID: 1481556
Germany
12/03/2012 12:40 PM
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Re: Now Obama Wants Your 401(K)
only money left
 Quoting: Mr. Predictor


Yeppers, of course he wants it. And if he can get a majority in the House as well as the Senate, he just might get it, ludicrous as that seems.
 Quoting: Bluebird


They're going to get it too, pensions as well.

They get everybody dependent on the system and then pull the rug out from under them, leaving them slaves to the state.

As if we're not there already.
 Quoting: Anonymous Coward 28996045


Here is what you American need to do before DEC 31

Pull ALL Your Money OUT of

401K
Stocks
Bonds
Savings (If you have Savings youre NOT gonna use anytime soon, some of us don't have that luxury at all)

**Don't pay any attention to money lost thru taxes either, Youre better losing 30% now then 100% later**

I don't know how a 401K works but in Canada an RRSP is the equivelent financial instrument, and if you Pull Out your $$$ from an RRSP you have to pay Taxes right then and there.

Purchase with that Money

15% of Money to Extra Food and Water
10% of Money to Home Protection Items
10% of Money to Medicine & Supplies (Based on youre individual needs)

5% Cash on Hand (NOT in the Bank, In your Wallet)

60% Gold & Silver at a Ratio of around 50 to 1

(So if you have $5000 left after Food/Protection/Meds/Cash You would Buy say 1.5oz Gold and 75oz of Silver)

Then Sit back and wait for this "Fiscal Cliff" to rape everyone else's wealth and not yours.


uncleben2

Your Welcome in advance,
Uncle Benny Bernanke
 Quoting: Old MacDonald


fuckina

Emptied my 401k years ago, took the tax hit, laughing to this day that I'm glad I'm out.
Tell me what this tastes like...
Upheval
Globe Traveler

User ID: 8040184
Brazil
12/03/2012 12:45 PM

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Re: Now Obama Wants Your 401(K)
You have some great post OP, keep them coming!!
Carshy McCarsh (OP)

User ID: 1481556
Germany
12/03/2012 12:45 PM
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Re: Now Obama Wants Your 401(K)
You have some great post OP, keep them coming!!
 Quoting: Upheval


Shall do, thanks bud!

cheers
Tell me what this tastes like...
Anonymous Coward
User ID: 25390958
United States
12/03/2012 01:11 PM
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Re: Now Obama Wants Your 401(K)
technically, since your share of the debt is more than you have, you dont actually own anything

it's a FRN because it doesnt belong to you, it is theirs, for all DEBTS etc. It is a confirmation of DEBTS not your ownership of anything
 Quoting: Anonymous Coward 25390958


:yes:
 Quoting: Carshy McCarsh


some may think just because nobody's come to collect yet, that all the talk about your own piece of a 16 trill debt(ACTUALLY 10 TIMES MORE AT LEAST) will be payable somehow.
technically, if you are even one penny in arears you are broke and the lender can claim everything you have for its own
Anonymous Coward
User ID: 24210762
United States
12/03/2012 01:13 PM
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Re: Now Obama Wants Your 401(K)
Well I dont even work, so have fun collecting whatever... I already reached my maximum tolerance for our government, taxes, fees, and inflation.

I simply stopped playing this pointless game of monopoly. Ill sit on the side lines until the rest of your grow a pair.
No Dhimmi
Proud Infidel

User ID: 254826
United States
12/03/2012 01:17 PM

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Re: Now Obama Wants Your 401(K)
Invest in physical Gold/Silver - keep your wealth out of the hands of the politicians.

If you don't hold it, you don't own it.

Last Edited by No Dhimmi on 12/03/2012 01:18 PM
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
WAKEUPAMERICA01

User ID: 1466582
United States
12/03/2012 01:23 PM

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Re: Now Obama Wants Your 401(K)
Invest in physical Gold/Silver - keep your wealth out of the hands of the politicians.

If you don't hold it, you don't own it.
 Quoting: No Dhimmi


or lead ;)
WAKE UP AMERICA
"I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."
Thomas Paine, The American Crisis, No. 1, December 19, 1776
"Those who expect to reap the blessings of freedom, must, like men, undergo the fatigues of supporting it."

Thomas Paine, The American Crisis, No. 4, September 11, 1777
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." -- Thomas Jefferson, U.S. President.
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years, [79 years now in 2012] freedoms and governmental procedures guaranteed by the Constitution have in varying degrees been abridged by laws brought into force by statutes of national emergency."
Carshy McCarsh (OP)

User ID: 1486047
Germany
12/03/2012 01:24 PM
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Re: Now Obama Wants Your 401(K)
Well I dont even work, so have fun collecting whatever... I already reached my maximum tolerance for our government, taxes, fees, and inflation.

I simply stopped playing this pointless game of monopoly. Ill sit on the side lines until the rest of your grow a pair.
 Quoting: Anonymous Coward 24210762


aynrand
Tell me what this tastes like...
Carshy McCarsh (OP)

User ID: 1486047
Germany
12/03/2012 01:25 PM
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Re: Now Obama Wants Your 401(K)
Invest in physical Gold/Silver - keep your wealth out of the hands of the politicians.

If you don't hold it, you don't own it.
 Quoting: No Dhimmi


or lead ;)
 Quoting: WAKEUPAMERICA01


Actually the ultimate currency is calories.
Look at the history of the siege of Stalingrad.
People traded diamonds for a slice of rat meat.
Tell me what this tastes like...
Evil Cretin

User ID: 1217128
United States
12/03/2012 01:28 PM
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Re: Now Obama Wants Your 401(K)
We didn't earn it anyway.
Free speech is never free.
Carshy McCarsh (OP)

User ID: 1486047
Germany
12/03/2012 01:52 PM
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Re: Now Obama Wants Your 401(K)
We didn't earn it anyway.
 Quoting: Evil Cretin


spockwtf
Tell me what this tastes like...
Anonymous Coward
User ID: 28071438
United States
12/03/2012 02:02 PM
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Re: Now Obama Wants Your 401(K)
My husband thinks this is a good system

Having as financial planner and investing in stocks.

His mother and father got wealthy off of it and now he wants to play the

stock market; or casino


I can't argue with him; I have always felt it is just another form of casino


What do you do?

He thinks this money will compound and be there in 20 years.

I will not argue with him

but I am secretly waiting to see what does happen

to everyone's money
Anonymous Coward
User ID: 25390958
United States
12/03/2012 02:24 PM
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Re: Now Obama Wants Your 401(K)
My husband thinks this is a good system

Having as financial planner and investing in stocks.

His mother and father got wealthy off of it and now he wants to play the

stock market; or casino


I can't argue with him; I have always felt it is just another form of casino


What do you do?

He thinks this money will compound and be there in 20 years.

I will not argue with him

but I am secretly waiting to see what does happen

to everyone's money
 Quoting: Anonymous Coward 28071438


ita a casino and nothing more.
what was worth a fortune one day can become worthless the next.
the market is an integral part of the inflation machine and nothing more.
its part of the long con, and that's all

on bankers day promises to pay*(you) will just all float away
Anonymous Coward
User ID: 28071438
United States
12/03/2012 02:29 PM
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Re: Now Obama Wants Your 401(K)
My husband thinks this is a good system

Having as financial planner and investing in stocks.

His mother and father got wealthy off of it and now he wants to play the

stock market; or casino


I can't argue with him; I have always felt it is just another form of casino


What do you do?

He thinks this money will compound and be there in 20 years.

I will not argue with him

but I am secretly waiting to see what does happen

to everyone's money
 Quoting: Anonymous Coward 28071438


ita a casino and nothing more.
what was worth a fortune one day can become worthless the next.
the market is an integral part of the inflation machine and nothing more.
its part of the long con, and that's all

on bankers day promises to pay*(you) will just all float away
 Quoting: Anonymous Coward 25390958


Yes

I too feel it is just a casino

Many have and continue to currently retire and live well of its proceeds tho

One keeps hearing it is all going to collapse one day


Maybe it will

but to convince those who seriously "play" it; is another thing.


We shall all see what happens



(My mother in law became very wealthy off its proceeds. Her now dead husband put all his extra cash into it ; this was back in the 1980s, 1990,s )
Anonymous Coward
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United States
12/03/2012 02:38 PM
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Re: Now Obama Wants Your 401(K)
he wants to create a national retirement fund.....

one way or the other you will lose all your money. cash in now if u can....
 Quoting: Anonymous Coward 28870983


I read a couple of articles regarding this subject. Here let me help finish your thought;

he wants to create a national retirement fund to help "Poor People."

[link to www.nationalseniorscouncil.org]

I really do believe the idea here is to enable those that take no-zip-nada RESPONSIBILITY for their own life or commonly known as "Poor People". This falls into the same 'ole idea as "obamacare." People who trive on the need to do nothing and be leeches for their entire lives. This lack of RESPONSIBILITY is the very reason we are in the shape we are in and what re-elected that multiple-failure again. Get my IRA? My 401k? Think again! I'll take the tax before I give it to some National Retirement Fund doomed to failure!!!

BTW - The idea spoken by some mealy-mouth slacker that, "A person that works hard don't understand" and "They not going to work for some corporation and be a slave" is pathetic at best!
Anonymous Coward
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United States
12/03/2012 02:39 PM
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Re: Now Obama Wants Your 401(K)
Like they care ohhhhh so much about the poor

hmmm

interesting
Anonymous Coward
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United States
12/03/2012 02:43 PM
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Re: Now Obama Wants Your 401(K)
Hitler sent the unemployed and those not fit for work to the gas chamber.......

News