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The Government Generously Offers To Help You "Manage” Your Retirement Account
zero hedge ^

Posted on 02/02/2013 7:29:39 PM PST by Perdogg

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To: dixiechick2000
You didn’t fall prey. You were coerced.

The LIES the Fed Gov told us back in 1936 ....

TAXES

THE same law that provides these old-age benefits for you and other workers, sets up certain new taxes to be paid to the United States Government. These taxes are collected by the Bureau of Internal Revenue of the U. S. Treasury Department, and inquiries concerning them should be addressed to that bureau. The law also creates an "Old-Age Reserve Account" in the United States Treasury, and Congress is authorized to put into this reserve account each year enough money to provide for the monthly payments you and other workers are to receive when you are 65.

YOUR PART OF THE TAX

The taxes called for in this law will be paid both by your employer and by you. For the next 3 years you will pay maybe 15 cents a week, maybe 25 cents a week, maybe 30 cents or more, according to what you earn. That is to say, during the next 3 years, beginning January 1, 1937, you will pay 1 cent for every dollar you earn, and at the same time your employer will pay 1 cent for every dollar you earn, up to $3,000 a year. Twenty-six million other workers and their employers will be paying at the same time.


View the original Fed LIE in it's entirety at http://www.ssa.gov/history/ssn/ssb36.html

as well as this excellent read "Social Security deceit" by Walter E. Williams found at http://townhall.com/columnists/walterewilliams/2005/02/23/social_security_deceit
51 posted on 02/03/2013 6:43:58 AM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: JRandomFreeper
but there isn't any on the open market anymore. My .22LR have appreciated 500% since I bought them

what u b smokin'? just last week i picked up 500 rounds of cci mini-mag .22lr for 7.99/100 ... same price as two years ago

52 posted on 02/03/2013 6:51:01 AM PST by TheRightGuy (I want MY BAILOUT ... a billion or two should do!)
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To: TheRightGuy
I bought mine in 1998. Cases of 'em. Best investment I ever made.

/johnny

53 posted on 02/03/2013 6:59:02 AM PST by JRandomFreeper (Gone Galt)
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To: Cheerio

Oh, I love it ....someone from the “bureau” is “concerned” about me and my money.


54 posted on 02/03/2013 7:09:29 AM PST by LibsRJerks
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To: JRandomFreeper

You are certainly correct not to trust them. Never trust them. Trust your neighbor, but not your govt.

If they were to do this under whatever pretense, it would be theft and would lead to very, very serious consequences.

What I am saying is don’t listen to doomsayers who would encourage you to take a hit and miss out on gains a 401k IRA can provide.


55 posted on 02/03/2013 7:17:02 AM PST by The_Media_never_lie (Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
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To: WorkingClassFilth

Sound advice. Unlike a house, land is an appreciating asset that also provides income and is useful for living at any level.


56 posted on 02/03/2013 7:51:03 AM PST by Neoliberalnot (Marxism works well only with the uneducated and the unarmed.)
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To: glorgau

Don’t get barrels of whiskey. Buy bottled whiskey. Barreled whiskey loses alcohol over time - the “angels share” - as it evaporates through the wood.


57 posted on 02/03/2013 7:59:58 AM PST by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: MtnClimber
I have wondered the same thing myself. I wonder how much gold and silver are worth in areas where mass famine is happening.

Gold, only if somebody will take it. Silver has a crisis use as an antibiotic.

58 posted on 02/03/2013 8:00:27 AM PST by Carry_Okie (Islam offers us choices: convert or kill, submit or die.)
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To: Perdogg; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Thanks Perdogg.
The obvious concept is that when the government runs out of money, or they face a drying up in interest for its debt, they will come for the $19.4 trillion in American’s retirement accounts. It seems that day may be finally drawing near.
This is one of those continual drumbeats that is just around to churn some business -- the gov't NEVER runs out of money, or to put it another way, has RARELY not run out of money, and as we've seen, has no problem printing more. This latter has been the case since the amount of the national debt (thanks to decades of Demwit rule) exceeded the value of the precious metals reserves held by the government, and the supposed silver standard came to an end. The last silver certificate bills had been printed in the 1950s, replaced by the federal reserve notes we use today.


59 posted on 02/03/2013 9:05:35 AM PST by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
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U.S. National Debt Clock (thanks RightWhale for the link):
U.S. National Debt Clock
365 days x 100,000,000 per day = $36,500,000,000 per year...
60 posted on 02/03/2013 9:53:03 AM PST by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
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To: Perdogg
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.


61 posted on 02/03/2013 9:55:20 AM PST by dirtboy
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To: Brad from Tennessee
One option is numismatically significant gold and silver coins.

Why pay the premium? It assumes there'll be someone around later on with the capital and the interest to repay the premium you paid. Bullion coins would be better -- "junk" silver for small considerations, and a range of bullion-coin weights from small to large.

British sovereigns struck by Good Queen Vickie and her heirs don't have numismatic premiums attached and trade at the same sort of spread as K-rand and Maple Leaves; they're a little larger than a U.S. half-eagle, and weigh a little more than a quarter-ounce bullion coin. Without parsing values closely, that'd be the range of coin sizes that would be most useful in future, assuming somebody cancelled the future.

</gloom and doom>

62 posted on 02/03/2013 10:17:31 AM PST by lentulusgracchus
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To: Cowgirl of Justice

Guns, ammo, lead.


63 posted on 02/03/2013 11:56:37 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: M-cubed

If you were starving,which would you rather have in your hand-a gold coin or a couple cans of roast beef?If things go all to hell,gold will be worthless.Only those things that will help sustain life will be valuable.


64 posted on 02/03/2013 1:43:45 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: LibsRJerks

They’re concerned that you might spend or move it before they can get their filthy socialist hands on it.


65 posted on 02/03/2013 1:50:57 PM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: EVO X

What all this boils down to is this: Unless you can hold it in your hand, you don’t own it. That goes for money, gold, silver, whatever you have “paper” on. If you have a certificate saying you own X amount of silver, it is worth exactly what the paper is worth. To get the full value of the silver you have to go to court to get a judgement. I don’t know about you but if the economy collapses I think the rest of civilization will be on shaky legs too, especially the courts. Hell, they’re already bought and paid for by the banks. The only possible exception is land. If you have a deed and you’re living on the land, you’ll get to stay there until someone comes along and runs you off. At that point you have the option of contesting their action... but you’d better have a good gun.

And don’t tell me it can’t happen here. The Germans said the same thing, as did the Ukranians, as did the Turkish Armenians, as did the Hutus, as did the... It CAN happen here.


66 posted on 02/03/2013 2:02:15 PM PST by oldfart (Obama nation = abomination. Think about it!)
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To: Biff55

As for the wine: It’s decent stuff - not fifty dollars a bottle, but decent. Even if it turns bad, someone will drink it. I remember some of the crap we made in college that was so bad we had to hold our noses to get it past our lips. But we drank it and other people will be just as bad off when TSHTF as we were then.


67 posted on 02/03/2013 2:06:53 PM PST by oldfart (Obama nation = abomination. Think about it!)
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To: The_Media_never_lie

Are you kidding me?

They’ve had the law already written since before 2008. They’ve been sitting on it for just the right time. At one point it even had a bill number until folks got wind of the scheme. Doesn’t mean it has gone away just because it has been scrubbed...


68 posted on 02/03/2013 2:20:19 PM PST by EBH ( The 2nd Amendment exists for times like this.)
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To: Da Coyote

“If they really want CW-II, they can try that.”

We are not yet positioned in our states to wage a civil war.

* We have yet to control most of the State leglsators with Constitutionalist.

* we have yet to Purge Most of the State militia of Washington’s imperial soldures.

* We have yet to down size and render impudent the Federal army & navy.

* We have yet educate, polarize, & patriotize our State populations.

All theses things take time, political will, and painstaking attention to detail. It will be at least 10 years before they are done we can do them at all. Only then will we be even capable of fighting for our rights in the way our forefathers did.


69 posted on 02/03/2013 2:21:24 PM PST by Monorprise
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To: Da Coyote

“If they really want CW-II, they can try that.”

We are not yet positioned in our states to wage a civil war.

* We have yet to control most of the State leglsators with Constitutionalist.

* we have yet to Purge Most of the State militia of Washington’s imperial soldures.

* We have yet to down size and render impudent the Federal army, air-force, & navy.

* We have yet educate, polarize, & patriotize our State populations.

All theses things take time, political will, and painstaking attention to detail. It will be at least 10 years before they are done we can do them at all. Only then will we be even capable of fighting for our rights in the way our forefathers did.


70 posted on 02/03/2013 2:21:49 PM PST by Monorprise
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To: Cowgirl of Justice

Land, hard assets, survival knowledge if you don’t have any...


71 posted on 02/03/2013 2:22:07 PM PST by EBH ( The 2nd Amendment exists for times like this.)
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To: The_Media_never_lie

“Not able”? They sure as hell are able. All they have to do is pass a law. These idiots are capable of anything.


72 posted on 02/03/2013 2:30:07 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Lurker

It would mean CW2.


73 posted on 02/03/2013 4:51:41 PM PST by The_Media_never_lie (Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
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To: meyer

I guess the big difference being the victim of governmental scams tend to be the Tax payers. Whereas all other scams victims tend to be the individuals who fell for the scam.

In short there is nothing you can do to avoid falling victim to a government scam but there is plenty you can do to avoid falling victim to a private scam.


74 posted on 02/03/2013 4:53:17 PM PST by Monorprise
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To: The_Media_never_lie

“It would mean CW2.”

Once again we are not yet positioned in our States to wage a civil war even if we had to.

There are at least 4 major changes that have to be made:

* We have yet to control most of the State legislators with Constitutionalist.

* We have yet to purge our State militia’s(national guard) of Washington’s Officer drones.

* We have yet to down size and render impudent the Federal army, air-force, & navy.

* We have yet educate, polarize, & patriotize our State populations.

All theses things take time, political will, and painstaking attention to detail. It will be at least 10 years before they are done we can do them at all. Only then will we be even capable of fighting for our rights in the way our forefathers did.


75 posted on 02/03/2013 4:58:43 PM PST by Monorprise
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To: Perdogg

Yeah, I see how good the government is at managing money. < /sarc>


76 posted on 02/03/2013 5:06:36 PM PST by gitmo ( If your theology doesn't become your biography it's useless.)
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To: Perdogg

.
.

Let us not forget that Skeeter & Co. are also planning to limit when and how much of your money and/or assets in your 401K and IRA can be taken out by you -

- Skeeter wants to be able to freeze your moneyand/or assets at any time they desire “to protect the economy” and then require that you get permission from them to withdraw any money and/or assets from them -

- Another sneaky stealth scam is that they will require you to pay a 1% penalty on any money and/or assets that they do allow you to withdraw -

- !% fee on your mandatory distributions -

- Penalized if you do not take your minimimum mandatory distributions -

- Penalized if you do take your minimimum mandatory distributions -

- Skeeter has you by the

.
.


77 posted on 02/03/2013 5:52:05 PM PST by devolve ( ---- ---- ---- ---- ---- ---- ---- ---- ---Barak Hasan Obama II--- ---- ---- ---- ---- ----)
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To: glorgau

My problem with a barrel of good whiskey is that I would make a special effort to see that it didn’t go bad:)


78 posted on 02/03/2013 6:06:45 PM PST by Quickgun (I got here kicking,screaming and covered in someone else's blood. I can go out that way if I have to)
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To: oldfart
It CAN happen here.

But the threat of that happening is not imminent. Seems rather silly to me to take huge tax losses. If society breaks down, no asset class is safe..

79 posted on 02/04/2013 5:39:42 AM PST by EVO X
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To: EVO X

It’s our money, your life and your choice. Good luck.


80 posted on 02/04/2013 9:15:56 AM PST by oldfart (Obama nation = abomination. Think about it!)
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To: EVO X

It’s your money, your life and your choice. Good luck.


81 posted on 02/04/2013 9:16:09 AM PST by oldfart (Obama nation = abomination. Think about it!)
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*


82 posted on 02/04/2013 4:29:43 PM PST by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: oldfart
It’s our money, your life and your choice. Good luck.

Thanks. Going to need some..

83 posted on 02/04/2013 4:59:15 PM PST by EVO X
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