Posted on 02/26/2010 1:09:19 AM PST by Lexluthor69
The only comfort in all of this is that the Liberals will get clocked as well! Zero’s numbers are falling be cause the moonbats are beginning to realize that big brother is coming for them too!!
You mean they didn’t do that with TARP and the Porkulus and all the other spending?
Seriously though, I don’t know how they think they could confiscate property without due process beyond the power to tax. That is the only way for the Feds to directly take our property without a court order besides inflating away its value with monetary policy.
I get the impression that this idea of seizing people’s retirement money has been floating around leftist think tanks for awhile. Now that Barry is in office, they are coming out with the proposal.
Under what year’s tax law? At the rate BHO is piling up debt, good luck with that concept of 0% tax rate at any level of income.
I think it’s a given that this is going to happen. They are just waiting for the appropriate time to crash the stock market (causing a flight to the “safety” of bonds), and most of the sheep won’t even bat an eye when the .GOV generously offers to “save” their retirement nest egg by converting it to government annuities.
I’m quite pleased that I called this months ago and cashed-out my 401k after getting laid off. I stuck it in a 1.5%, 7-month CD at my local bank for now; will cross the next bridge when I get to it.
Does anyone have any advise on where to put your money? Cash under the mattress? Gold?
later
The Federal Reserve has driven interests to zero. They also print the money. What you think of as your money, is actually theirs. It says Federal Reserve Note right on it. They can devalue, recall, reissue a different value, cancel the existing dollars.....any time they want.
Swiss Franks, Gold, silver, platinum, Yen( maybe ), New Zealand, hand guns, ammo, fuel, farms. Heck now a days, Chinese currency( if you can get any )
Buy Guns and Ammo. They never lose their value.
Yup. My sister did that in 2002. Only problem was that the insurance company was AIG. Her projected $900/mo. pay out is now at $12/mo. (not a typo)
LEGALLY AND COMPLETELY OUT OF THE EYES OF THE US FEDERAL GOVERNMENT IF POSSIBLY. THE FINANCIAL BERLIN WALL IS GOING UP VERY SOON to keep the wallet and brain draint out of the USA from starting. Just watch it, very subtly at first. A lot of peole in the USA, motivated by jealousy and they lack of effort to improve their own lot in life even though they had a Darwinian chance, who hate “the Rich”, for whatever reason I dont know, will be taken in by this socialist pablum, until they realize the rich will say SCREW IT THEN. I am renouncing US citizenship, I will become an Australian and I will make my fortunate in Southeast Asia or elsewhere and illegal aliens back in the US are not going to get a gdamn cent of it. This will take a good, honest, yet clever and resourceful accountant or attorney.
I wouldn’t count 0 out yet. He probably got a favorable bump from yesterday’s health care “Summit” and Republicans are still preparing to self-destruct, despite what we may consider a good performance yesterday.
And now with Obama entrenched as POTUS, the economy 'shaky', they're starting to 'feel froggy'. They want ALL private savings/retirement money in the US Treasury. Or as Congress calls it -- Our Piggy Bank.
That being said, if they try before Nov, they'll all get tossed out. Or ... something more 'drastic' may occur by We The People. (and that would be ugly)
But, in any case they Do Want All Your 'private' Money. And once they get it no matter who subsequently controls Congress it is forever g-o-n-e.
“For your information, the next step was the removal from society of all individuals that didn’t support the glorious socialist ideal or could be suspect of such....”
It can work the other way, too. Check out the French Revolution. If that’s too ancient, read about how a lightly armed Finnish home guard inflicted one million casualties on the invading Russian army in the 1939 Winter War.
If he does I will treat him like John Dillinger. No different than robbing a bank.
If you think it is possible for them to take your IRA, wouldn't they take your bank account as well?
This plan...
http://online.wsj.com/article/SB10001424052748704625004575089150388237876.html?mod=googlenews_wsj
...to be announced by Plugs today will require intense scrutiny as it wends its way through the Halls of Congress.
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