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Obama Begins Push for New National Retirement System (Occupy Your Savings)
National Seniors Council ^

Posted on 11/15/2012 12:47:45 PM PST by Heartlander2

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.

(Excerpt) Read more at nationalseniorscouncil.org ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: kissitgoodbye; obama; obamanation; retire; socialism
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To: Heartlander2

Is this real, the orignial article?

I went to the website.

No byline, no date.

Crummy website.


81 posted on 11/15/2012 3:09:00 PM PST by Chickensoup
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To: Heartlander2

When was this article written, and when was the meeting held? When I click on the link there is no date on the article and the picture of the magazine shows Nov 2011. Just wondering if this is fairly recent. I know the idea has been tossed around since he was elected.


82 posted on 11/15/2012 3:10:35 PM PST by boxlunch
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To: jwalsh07

you and me both....


83 posted on 11/15/2012 3:10:41 PM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: mojito
It’s time to let 0bama have your money. You can’t be trusted with it. He’ll take real good care of it, and of you.

It will be invested in those overrated junk bonds known as "treasuries."

84 posted on 11/15/2012 3:11:11 PM PST by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: Tolerance Sucks Rocks

I hear ya. From an earlier post of mine today.

I will take this time to apologize to any rocks I may have offended in the past. This guy (Obama) isn’t intelligent enough to compare to rocks.

Please forgive my insensitivity.

http://www.freerepublic.com/focus/news/2959947/posts?page=12#12


85 posted on 11/15/2012 3:11:43 PM PST by DoughtyOne (Hurricane Sandy..., a week later and 48 million Americans still didn't have power.)
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To: urbanpovertylawcenter
Pyramid anyone?

Bubble, actually. The "correct" value of a stock should be the current cash value of all future dividends plus the present cash value of anything that would end up being paid to stockholders if the company is liquidated. Those who sell buy price below that price or sell it above make money; those who buy above that price or sell below it lose money. Of course, without a crystal ball one can't say what the "correct" price is, except in retrospect, but it's important to note that the real value of a stock, if it's affected by the market at all, would only be affected by the extent to which the market affects future dividends. If people go crazy buying stock at $100/share when it's fundamental value is only $20/share, those people who bought at $100/share are either going to end up losing $80/share, or foist their losses on someone else. The fact that they spent more than $20/share won't make the stock worth that.

86 posted on 11/15/2012 3:18:40 PM PST by supercat (Renounce Covetousness.)
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To: DesertRhino

If 401k’s are confiscated. Violence is justified, just as it would be against a stickup man at an ATM. They are playing with fire. People tolerate general attacks on prosperity like more taxes, and bad energy policies.
But an outright theft of savings will result in someone resorting to direct violence against the political perpetrators.

well, if you had employer sponsered, so called gold plated health insurance, they just confiscated that. we’re are too timid, and, as someone said above, they tend to do it incremntally, so we become acclimated.


87 posted on 11/15/2012 3:20:18 PM PST by willywill
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To: KarlInOhio

Maybe all this way preordained...that’s why the hefty penalty for wihdrawal


88 posted on 11/15/2012 3:36:55 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: newfreep

“REDISTRIBUTION

REPARATIONS

It’s coming, folks!”

So is another civil war.


89 posted on 11/15/2012 3:39:38 PM PST by tickedoffnow (No more...)
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To: Heartlander2

If this is true, the resident of the U.S. needs to be educated. Nothing makes a people lazier then taking away all their incentive to take care of themselves. What a cruel man, taking what is not his to give, makes him a tyrant.


90 posted on 11/15/2012 3:42:52 PM PST by This I Wonder32460 (Whiling away in Obamaville....in spite of my distress.)
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To: Heartlander2

Wish I hadn’t read any of this.


91 posted on 11/15/2012 3:43:36 PM PST by This I Wonder32460 (Whiling away in Obamaville....in spite of my distress.)
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To: willywill; DesertRhino

Doesn’t matter. Rebellion would happen in a different way. As somebody said up-thread, people would cash out their 401(k)s and other IRAs and take the IRS penalty. I know I would, given that Obamao would try to do it by EO if Congress doesn’t comply.


92 posted on 11/15/2012 3:44:07 PM PST by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: Cletus.D.Yokel
I’ve been predicting 401(k) conversions since ObamaCare was passed.

Yes you have Cletus, we both knew that Health Care was never going away. The GOPe has wanted this all along. Look at Alan Simpson's behavior after he retired and revealed himself as the Progressive that he really is.

93 posted on 11/15/2012 3:59:10 PM PST by itsahoot (Any enemy, that is allowed to have a King's X line, is undefeatable. (USS Taluga AO-62))
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To: Tolerance Sucks Rocks

Most likely, cashing out will do no good. An announcement will be made that US dollars are being phased out. You will receive one North American Dinero for every 10 US dollars you turn in.


94 posted on 11/15/2012 3:59:50 PM PST by sergeantdave (The FBI has declared war on the Marine Corps)
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To: 444Flyer

bflr


95 posted on 11/15/2012 4:04:12 PM PST by 444Flyer
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To: boxlunch

I believe you are correct, the article appears to be dated Nov 2011 - a full year ago.

I went to the website, right clicked, selected “View Page Source”, searched for a date, and the only date I found was Nov 2011.


96 posted on 11/15/2012 4:59:27 PM PST by redfreedom (The spineless RINO's have made themselves irrelevent and lost the country for us.)
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To: Vermont Lt

“Playing by the rules is a suckers game.”

Exactly and the more people on our side that learn that and live it, the further we will get.

I yanked out my retirement I had ages ago. Put it into PMs and have them safely “put away”


97 posted on 11/15/2012 5:09:53 PM PST by eXe (Si vis pacem, para bellum)
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To: eXe

What is a PM?


98 posted on 11/15/2012 5:19:46 PM PST by vis a vis
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To: vis a vis

Precious Metals.


99 posted on 11/15/2012 5:32:23 PM PST by eXe (Si vis pacem, para bellum)
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To: eXe

Another good place to convert your cash is into rental property if you can stand the “landlord” part.


100 posted on 11/15/2012 5:37:56 PM PST by LongWayHome
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