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...,.

You can pull your money out, without penalty, to purchase or pay off a home. THIS is my plan.

Does it have to be in the U.S.?

they need to disarm us first

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!

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]

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!

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"

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

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.

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!

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.

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.

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

The 401k program is a honey trap. Simple as that.

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.

I have 2 words

FUCK EM..

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!

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.

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.

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.

Hope for change out of what's left of your 401(k)!

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.

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.

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.

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!

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.

It's about time. Something needs to be done.