Godlike Productions - Conspiracy Forum
Users Online Now: 2,436 (Who's On?)Visitors Today: 1,081,739
Pageviews Today: 1,493,458Threads Today: 284Posts Today: 6,387
12:36 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts

 
Dinkytuff

User ID: 1080388
United States
02/05/2013 01:06 PM

Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
And you will be issued an RBT (retirement benefits) card that can only be used in government approved locales.



First they came for the money of business owners, but I said nothing I wasn't a business owner, then they came for the religious beliefs of the pro lifers and I said nothing I was pro choice, then they came for the guns I said nothing I didn't own a gun, then they came for the retirement savings of the employed...,.

Last Edited by Dinkytuff on 02/05/2013 01:07 PM
And by and by Christopher Robin came to an end of things, and he was silent, and he sat there, looking out over the world, just wishing it wouldn't stop.

FEMA Sector VII

I have asked the plants and the plants do not remember, the plants have asked the rocks and the rocks do not recall...even the rocks do not recall. Jak and Daxter Precurser Legacy
Anonymous Coward
User ID: 18915442
United States
02/05/2013 01:08 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
You can pull your money out, without penalty, to purchase or pay off a home. THIS is my plan.
Anonymous Coward
User ID: 33670853
United States
02/05/2013 01:09 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
And you will be issued an RBT (retirement benefits) card that can only be used in government approved locales.



First they came for the money of business owners, but I said nothing I wasn't a business owner, then they came for the religious beliefs of the pro lifers and I said nothing I was pro choice, then they came for the guns I said nothing I didn't own a gun, then they came for the retirement savings of the employed...,.
 Quoting: Dinkytuff


clappa
Anonymous Coward
User ID: 17851333
United States
02/05/2013 01:10 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
You can pull your money out, without penalty, to purchase or pay off a home. THIS is my plan.
 Quoting: Anonymous Coward 18915442


Does it have to be in the U.S.?
oscanator
User ID: 1565017
United States
02/05/2013 01:17 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
they need to disarm us first
Anonymous Coward
User ID: 2836766
United States
02/05/2013 01:29 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
they need to disarm us first
 Quoting: oscanator 1565017


EXACTLY!

What do you think the whole gun control issue is about?
TPTB know that the nation is broke so if they're going to loot your retirement accounts they sure as hell don't want you armed when they do so!
Anonymous Coward
User ID: 21901559
United States
02/05/2013 01:31 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
2010 Senator John Kerry- D had public hearings at the Treasury and US Labor Department..

Proposal For Fiscal Year 2013..

An "Automatic IRA" in which employers are directed to allocate an amount that equals 3% of a participating employee's salary into a social security-type retirement plan that invests in US treasuries and in which the federal government guarantees a 3% return.

[link to www.examiner.com]
Anonymous Coward
User ID: 21901559
United States
02/05/2013 01:36 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
they need to disarm us first
 Quoting: oscanator 1565017


EXACTLY!

What do you think the whole gun control issue is about?
TPTB know that the nation is broke so if they're going to loot your retirement accounts they sure as hell don't want you armed when they do so!
 Quoting: Anonymous Coward 2836766


If all Americans with 401K's donated 10% of their retirement savings to Stand Up not Down to Government Overeach that would give power to the people!

Money is Power!
joe mamma

User ID: 8383650
United States
02/05/2013 01:40 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
2010 Senator John Kerry- D had public hearings at the Treasury and US Labor Department..

Proposal For Fiscal Year 2013..

An "Automatic IRA" in which employers are directed to allocate an amount that equals 3% of a participating employee's salary into a social security-type retirement plan that invests in US treasuries and in which the federal government guarantees a 3% return.

[link to www.examiner.com]
 Quoting: Yellow Bird



With inflation supposed to be 4% a year, but actually much higher - that's just saying "we're gonna rob you and it's LAW"
Lips Of Lucifer

User ID: 13948941
South Africa
02/05/2013 01:44 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
The retirement savings business in the U.S. is dominated by a group of companies that handle record-keeping and management of investments in tax-advantaged vehicles like 401(k) plans and individual retirement accounts. The group includes Fidelity Investments, JPMorgan Chase & Co. (JPM), Charles Schwab Corp. (SCHW) and T. Rowe Price Group Inc. (TROW) Americans held $19.4 trillion in retirement assets as of Sept. 30, 2012, according to the Investment Company Institute, an industry association; about $3.5 trillion of that was in 401(k) plans.

The Securities and Exchange Commission and the Department of Labor are the main regulators of U.S. retirement savings vehicles and funds. However, the consumer bureau -- established by the 2010 Dodd-Frank Act -- sees itself as a potential catalyst for promoting a coherent policy across the government, the people said.

[link to www.bloomberg.com]
 Quoting: DoorBert


So this is tantamount to Obama Nationalizing The Fed and trying to save the vulnerable for Multinational Corporate theft. The Brits have a 'National' Bank, like the South Africans, and these Banks are used as a front for Corporate Criminality. 'Well, it's now in the hands of the 'Public' who have no real say in the actual operations of the Bank and the Pension Funds they manage, and the public will be held responsible if millions get lost..BoE...it's perfect when you are a Multinational writing the financial laws. As for pension funds, it's from the frying pan into the fire...all that 'Nationalizing' retirement funds will now do is shift responsibility for their mis-manangement into the hands of the public - and the BILL...A public 'protector' is a front that will shift 'mismanagement' and responsibility into the public sector, and when the blame is outsourced to the public will then revert Pension Fund 'Management' back into a more 'efficient' Private Sector at a huge cost by private 'Advisors' or 'Contractors' who Bill will credited to little pensioners...This is what they're are doing...it a con..an old trick by grizzled money whores.

Last Edited by Lips Of Lucifer on 02/05/2013 01:46 PM
Anonymous Coward
User ID: 27571238
United States
02/05/2013 01:56 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
Matthew 22:16-21

And they sent out unto him their disciples with the Herodians, saying, Master, we know that thou art true, and teachest the way of God in truth, neither carest thou for any man: for thou regardest not the person of men.

Tell us therefore, What thinkest thou? Is it lawful to give tribute unto Caesar, or not?

But Jesus perceived their wickedness, and said, Why tempt ye me, ye hypocrites?

Shew me the tribute money. And they brought unto him a penny.

And he saith unto them, Whose is this image and superscription?

They say unto him, Caesar's. Then saith he unto them, Render therefore unto Caesar the things which are Caesar's; and unto God the things that are God's.



------------------


Give unto the ungodly government what belongs to the ungodly government.

In Jesus' time it was Caesar.

Today in our time, it's the Beast. The money belongs to the Beast anyway.

Truth be told, they/he/it has probably already looted it all, and this is just their way of covering it up.

hell_boy
Anonymous Coward
User ID: 2836766
United States
02/05/2013 02:01 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
Truth be told, they/he/it has probably already looted it all, and this is just their way of covering it up.

 Quoting: Observer114


THIS!

Unless you hold something more than a paper statement - it has already been pledged and (subsequently) re-hypothecated - your retirement was the collateral for derivative bets gone bad and the collateral was vaporized
when the bets paid off.

That's why the early panic-ers will be the only ones to get paid something before the flood tide of holders start asking for their money back!
Lips Of Lucifer

User ID: 13948941
South Africa
02/05/2013 02:04 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
There's a massive Pension/Retirement Fund Scandal looming on the USA's Horizon...There's is no way the Multinationals and their accomplices have not dipped into that Honey Pot...Plucked that Low Hanging Fruit..Obama is now scrambling to avert big shit by shifting the 'Management' of those funds into the public arena.
s. d. butler

User ID: 974819
United States
02/05/2013 02:05 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
Not surprising at all, most government servants believe that all wealth comes about due to government benevolence. Without them nobody would have any wealth, nothing would get done, we would all be living in mud huts, hand to mouth.

One of the greatest cons ever thanks in large part to state based education which exist primarily to destroy critical thinking skills and to promote a worshipful attitude towards the state.

NOTHING could be further from the truth - EVERYTHING the government does for one group means they have to steal from another - government is a parasitical organization and the only rational response to a parasite is extermination not worship.
 Quoting: Anonymous Coward 33661162


Yeah it has always amused me how gubmint always gets a pass. Gubmint creates the problems, steals and mismanages trillions and people still think gubmint is the answer.
Anonymous Coward
User ID: 2836766
United States
02/05/2013 02:08 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
There's a massive Pension/Retirement Fund Scandal looming on the USA's Horizon...There's is no way the Multinationals and their accomplices have not dipped into that Honey Pot...Plucked that Low Hanging Fruit..Obama is now scrambling to avert big shit by shifting the 'Management' of those funds into the public arena.
 Quoting: Lips Of Lucifer


YEP - The PBGC (Pension Benefit Guarantee Corporation) is BROKE! They are going to nationalize it and add that onto the taxpayers already full plate!
Anonymous Coward
User ID: 15041895
United States
02/05/2013 02:10 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
The 401k program is a honey trap. Simple as that.
Anonymous Coward
User ID: 33389306
United States
02/05/2013 02:13 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
Been seeing this balloon floated time and again over the past 4 years. But I've got to question the fundamentals. How much money from these funds is invested in the stock market? It's obvious that the plan has been to inflate a bubble in the market, that's obvious when the market is approaching historic highs and yet the economy has entered another so called recession (4th 1/4 GDP was negative).

If they force retirement accounts to hold treasury bonds, then they take an equivalent amount of liquidity from the stock market and a drop in prices. So, maybe they plan on tanking the DOW permanently and then confiscating the money. But, that $19 trillion would be roughly 1/2 or $9.5 trillion.

Of course when the fed can print up any money I guess it doesn't matter to the morally challenged in charge. They can always sell out at peak prices and invest in hard assets like gold, property, etc. Again, your average person who spends most of their earnings on survival will pay the biggest cost.

.
 Quoting: Anonymous Coward 961432


There's a lot of truth in this post.

But if the dollar devalues, that is the only way to make the bondholders (currently, the Chinese) pay a part of the cost. Raising taxes (including Obamacare) confiscates wealth from Americans. The idea of currency devaluation is that you make the Chinese pay a part of it too.

So I disagree with the last sentence.
Hitndahedfred

User ID: 826012
United States
02/05/2013 02:13 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
I have 2 words

FUCK EM..

rockon
Each time a person stands for an ideal, or acts to improve the lot of others, or strikes out against injustice, he or she sends forth a tiny ripple of hope. And crossing each other from a million different centers of energy and daring, those ripples build a current that can sweep down the mightiest walls of oppression and resistance. Few are willing to embrace the disapproval of their fellows, the censure of their colleagues, the wrath of their society. Moral courage is a rarer commodity than bravery in battle or great intelligence. Yet it is the one essential vital quality for those who seek to change a world that yields most painfully to change. [Robert F. Kennedy]



[link to www.stricklychopped.com]

[link to www.ghi-engrs.com]
Lips Of Lucifer

User ID: 13948941
South Africa
02/05/2013 02:14 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
There's a massive Pension/Retirement Fund Scandal looming on the USA's Horizon...There's is no way the Multinationals and their accomplices have not dipped into that Honey Pot...Plucked that Low Hanging Fruit..Obama is now scrambling to avert big shit by shifting the 'Management' of those funds into the public arena.
 Quoting: Lips Of Lucifer


YEP - The PBGC (Pension Benefit Guarantee Corporation) is BROKE! They are going to nationalize it and add that onto the taxpayers already full plate!
 Quoting: Anonymous Coward 2836766


That's is exactly what your Corporate Sponsored President is doing...outsourcing criminal corporate responsibility to the public...It's a Bailout....And a mugging of the US's most vulnerable to boot. Yes he can!
Anonymous Coward
User ID: 33389306
United States
02/05/2013 02:14 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
The 401k program is a honey trap. Simple as that.
 Quoting: Anonymous Coward 15041895


So far, that is not true. Not only do you get to defer taxes until a time when you hope they'll be lower (but maybe not if Obama gets to close all the "loopholes" you were relying on) but the compounding effect is greater.
Anonymous Coward
User ID: 15041895
United States
02/05/2013 02:15 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
People who actually believe they are getting their 401k etc. deserves to have them taken
 Quoting: Anonymous Coward 29081478


I don't know that they deserve to have them taken, but I agree that it's foolish to trust any kind of 'benefit program' legislated by gov.
Anonymous Coward
User ID: 33389306
United States
02/05/2013 02:16 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
There's a massive Pension/Retirement Fund Scandal looming on the USA's Horizon...There's is no way the Multinationals and their accomplices have not dipped into that Honey Pot...Plucked that Low Hanging Fruit..Obama is now scrambling to avert big shit by shifting the 'Management' of those funds into the public arena.
 Quoting: Lips Of Lucifer


YEP - The PBGC (Pension Benefit Guarantee Corporation) is BROKE! They are going to nationalize it and add that onto the taxpayers already full plate!
 Quoting: Anonymous Coward 2836766


That's is exactly what your Corporate Sponsored President is doing...outsourcing criminal corporate responsibility to the public...It's a Bailout....And a mugging of the US's most vulnerable to boot. Yes he can!
 Quoting: Lips Of Lucifer


But he protects those he calls "vulnerable populations". They always have dark skin and often speak a foreign language. They almost certainly do not include you, no matter how vulnerable you actually are.
Anonymous Coward
User ID: 2836766
United States
02/05/2013 02:19 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
Hope for change out of what's left of your 401(k)!
Anonymous Coward
User ID: 15041895
United States
02/05/2013 02:20 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
The 401k program is a honey trap. Simple as that.
 Quoting: Anonymous Coward 15041895


So far, that is not true. Not only do you get to defer taxes until a time when you hope they'll be lower (but maybe not if Obama gets to close all the "loopholes" you were relying on) but the compounding effect is greater.
 Quoting: Anonymous Coward 33389306


I'm sure some retirees have take advantage of their 401Ks, just like some are actually getting social security right now... But none of those things are trustworthy for my generation (in my 30's) considering the direction things have been going.
ODA_062

User ID: 33342274
United States
02/05/2013 02:20 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
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).

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

Either way you will be taxed!
 Quoting: Yellow Bird


That would be a 30% tax hit…owwww

Maybe this does need to happen…maybe this is the spark that will wake people up
 Quoting: YaRight



I mentioned this to a couple of people a few months back and no one believed me. They said it won't happen; there would be an "uprising," etc... They think I am crazy for thinking it WILL happen. Just as they think I am bat-shit crazy for thinking the Sandy Hook thing is a hoax. Nothing is going to wake people up. We are screwed.
Lips Of Lucifer

User ID: 13948941
South Africa
02/05/2013 02:30 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
Hope for change out of what's left of your 401(k)!
 Quoting: Anonymous Coward 2836766



Here's a message to Mr Obama...at least set aside a slush fund that will get those people who have saved all their lives, a bottle of wine and the Budget Family McMeal free of charge...it's the least you can do before you...

[link to www.youtube.com]

I'm out.
Anonymous Coward
User ID: 21901559
United States
02/05/2013 02:30 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
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).

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

Either way you will be taxed!
 Quoting: Yellow Bird


That would be a 30% tax hit…owwww

Maybe this does need to happen…maybe this is the spark that will wake people up
 Quoting: YaRight



I mentioned this to a couple of people a few months back and no one believed me. They said it won't happen; there would be an "uprising," etc... They think I am crazy for thinking it WILL happen. Just as they think I am bat-shit crazy for thinking the Sandy Hook thing is a hoax. Nothing is going to wake people up. We are screwed.
 Quoting: ODA_062


Governments often define and regulate organized groups lobbying..

But another side of lobbying is making sure that others' interests are duly defended against others' corruption, or even simply making sure that minority interests are fairly defended against mere tyranny of the majority.

[link to en.wikipedia.org]

The NRA is strong! Why!

I am not a member but I do respect the NRA.

I am disappointed that the people standing up against the Government are few. The moneys are just not there. OWS for example!

THE MSM makes the tea party movement look like a joke!

I am not a tea partier.

I am waiting.. something is on the horizon.

It won't be extreme!

It will be backed by real money if I have to raise it myself!

Stand Up Not Down!

Enough is Enough!

Aaron Russo RIP! I met him along time ago!
Anonymous Coward
User ID: 33138908
United States
02/05/2013 02:33 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
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).

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

Either way you will be taxed!
 Quoting: Yellow Bird


That would be a 30% tax hit…owwww

Maybe this does need to happen…maybe this is the spark that will wake people up
 Quoting: YaRight



I mentioned this to a couple of people a few months back and no one believed me. They said it won't happen; there would be an "uprising," etc... They think I am crazy for thinking it WILL happen. Just as they think I am bat-shit crazy for thinking the Sandy Hook thing is a hoax. Nothing is going to wake people up. We are screwed.
 Quoting: ODA_062


You did what you could for them. They will have to learn the hard way.
My husband already cashed out his retirement money since it was losing too much from the recession. It was helpful though to get us survival stuff like MREs and do a lot of prepping. He doesn't regret it since the future of this country grows more dim everyday. People can help themselves to avoid this theft but they will have to start now.
Anonymous Coward
User ID: 21901559
United States
02/05/2013 07:00 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
bump
Anonymous Coward
User ID: 32776229
United States
02/05/2013 07:01 PM
Report Abusive Post
Report Copyright Violation
Re: Obama Admin Looks to Nationalize your 401K & Control Americans’ $19.4 Trillion In Retirement Accounts
It's about time. Something needs to be done.

News