Posted on 10/15/2021 9:50:59 AM PDT by where's_the_Outrage?
Biden unveiled a plan on Friday to mitigate the economic risks the climate crisis poses.
The report outlines strategies to protect Americans' savings and retirements from climate-related risks.
This follows a May executive order analyzing how the climate crisis impacts the US financial systems.
President Joe Biden has made clear that acting on the climate crisis is a top priority for his administration - and he also wants to ensure Americans' wallets aren't being hurt in the process.
On Friday, Biden unveiled a 40-page report, entitled "A Roadmap to Build a Climate-Resilient Economy," which focuses on mitigating the financial risks climate change places on people's retirements, pensions, savings, and more. This follows up on an executive order the president signed in May, which was dedicated to analyzing and mitigating the risk the climate crisis poses to homeowners, businesses, consumers, and the government.
(Excerpt) Read more at msn.com ...
Near useless article and it just provides feel good words with no specifics. Just a heads up things are about to get worse.
I have no evidence. But, it feels like they want to confiscate everyone’s retirement in order to “protect” it.
Want access to your own retirement, get the jab and do everything else we say. Good, now here are some crumbs.
Kinda like his plan to stop wuhan he talked about for six months. If he’d had a plan why wait six months to do something about it?
Paper money can get wet and rot due to the rising seas.
Got to go Digital.
Didn’t Argentina do something like that?
The Bank or Sealy Posturepedic will soon be open....................
We already HAD a ‘climate resilient economy’. Leftists deliberately screw up everything they touch.
We need inflation protection.
I’m already retired, and I thank God I don’t have any savings, property, or investments.
We’ve gone from “climate chage” to now “climate crisis”? this gives them broad sweeping power to now declare mandates at whim
I’m sure he’ll have a extended press conference to answer questions about this /s
So Biden is going to protect us from something that he and is buddies created in the first place?
He and his buddies will destroy our economy and then rescue us from it???
This is just plain silly. Then again, this sounds like a designed reset. .. a “Great Reset?”
Don’t worry, don’t worry. They are gonna “put it in a lockbox” for your protection
These people pretty much say the exact opposite of truth.
So, the plan is to destroy American’s retirements and savings via ‘climate change plans’.
And his cognitive decline continues.
[[So Biden is going to protect us from something that he and is buddies created in the first place]]
That is their well,established M.O
Burn the building, then rush to the scene with hoses to put it out, and ot rescue any survivors that might not have died yet, so that everyone thinks that they are a hero
“Protect” usually means “seize.”
The question as to whether or not the United States Federal Government is looking into taking over private 401K assets has been asked many a time over the last few years. In 2009, The Wall Street Journal ran an op-ed titled “How to Fix 401(k)s“. In this article, it mentions a “radical structural change” for the 401K system.
Not everyone thinks 401(k)s can — or should — be saved. “It’s time for a radical structural change,” says Gene Steuerle, a vice president at the Peter G. Peterson Foundation. It goes on to say that plans to replace 401Ks would include that the “government would at least partly take over sponsorship of these accounts”.
Proposals to replace 401(k)s are varied. Most would continue the practice of having participants invest their savings in stocks and bonds. The big change? The government would at least partly take over sponsorship of these accounts, making them available to all. “One could make the argument that the economy would benefit from disentangling retirement plans from employment,” says Prof. Benartzi at UCLA. “Our current system has airlines running 401(k)s. Let them use their resources to fly planes.”
On August 24, 2010, a reader asked J.D. Rosendahl on SafeHaven.com, “Will the Gov’t Confiscate My 401K and Should I Take My Money Out?” Rosendahl pointed out that Argentina had already done that very thing and here’s what he had to say about 401K confiscation in the US:
“If you haven’t noticed how our country really works, it’s crony capitalism in the good times and crony socialism in the bad times. During severe economic weakness and Social Unrest we will see the outcry from the public, most of whom will have already spent their 401Ks to live off of while the Social Security system is going broke.
Over the past 50 years, the US government has trained society to believe it’s the government’s roll to be the provider of last resort from everything to economic stimulus to healthcare to retirement. The masses may cry to further socialize retirement for all by confiscating the remaining 401K and IRA plans, which will only be held by those of wealth in a few years.
Therefore, by making the fundamental tax decision to take money out now to avoid higher tax rates we know are coming, you also protect yourself in case the government insanity gets so bad they come after your retirement plans. And remember this idea, much higher taxes in the future is a confiscation of your 401K and IRA without actually taking it.”
What Rosendahl fails to point out is that there are alternatives to “taking money out” of your 401K. A viable option to avoid paying penalties and taxes is to use some of your 401K assets and move them into a tax deferred fixed index annuity, but more on that in a moment.
In October of 2010, the National Seniors Council ran an article, “Obama Begins Push for New National Retirement System” in which it was stated,
“A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.”
Earlier just this month, Nilus Mattive reported on Money and Markets to get ready for Washington’s “Automatic IRAs”.
Take the subject of retirement planning.
As I point out in my just-updated video — The Death of Social Security — politicians have already run our nation’s current retirement system into the ground.
Yet rather than worrying about the mess they’ve made, they are talking about creating MORE government-mandated retirement systems!
One of those is the “Automatic IRA.”
The automatic IRA referenced above started with S.3760, the Automatic IRA Act of 2010 which was introduced by Democrat Senators Jeff Bingaman and John Kerry. This bill was referred to committee and subsequently died. However, the legislation resurfaced as S.1557 and was reintroduced in the Senate on September 14, 2011 as the Automatic IRA Act of 2011. It too died in committee, but wait, on February 16, 2012, H.R. 4049, the Automatic IRA Act of 2012 was introduced this time in the House by Rep. Richard Neal and again died in committee. I would say it is safe to assume that the federal government is very interested in the “retirement planning” industry and as you can see, is quite persistent about it.
Jerome Corsi ran an article on November 25, 2012 on WND where he stated:
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.
“We are from the government, and we are here to help you”
Ronald told us to beware those words
......Biden unveiled a plan on Friday to mitigate the economic risks the climate crisis poses......
Climate change is NOT a crisis!!!!
https://www.youtube.com/watch?v=sl9rTxdSZWg
The “solutions” proposed by the climate jockeys and by the feckless, brain-challenged biden can only hurt us very badly, and oppress us with a totalitarian world government!!!!
“Let’s go, Brandon!!!!”
https://www.the-sun.com/news/3849893/what-does-lets-go-brandon-meme-mean/
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