Guess I may as well spend it first.
We take in 250 billion dollars a month and they can’t control spending? Outrageous!!
They don’t have to confiscate our savings.
They can do the same thing by printing more money, to the point that inflation steals their value.
All retirement money should be put into real estate and other non-tax advantaged investments.
That’s OK, I’m spending it all in the divorce.
Trip wire.
Do not do this.
Not kidding.
Don’t think they won’t be coming for your mattrees money either, especially hundred dollar bills.
Under the guise of eliminating bills that are too easy to counterfeit, all hundred dollar bills except the new bills will be deemed invalid.
Owners of old hundred dollar bills can replace these bills at any bank with a ten percent charge for each bill.
Savings? What’s that?
And now, I thank the Good Lord I do not. I will not be infuriated by the 401k rape.
Yep and no later than 2015. They will probably pass amnesty, a/k/a, Immigration reform first and then work on the savings. At one time I thought that the Democrats would wait until they regained control of the House, and that was probably the Democrats’ train of thought also. However, both I and they, seeing how easy, even for them, the Republicans are to roll, said to themselves, “why wait”? They now know that they can do what they please and when they please with the Republicans. So anyone with any savings that they do not want the Government to confiscate, take a fool’s advice and liquidate it. At least now you will be able to use it for your pleasure. I gave the same advice to my brother. He considered it, saw how things were shaking out and said, “You are right, I will.”
I’m spending mine as fast as I can now!
Just a few days ago, Russia seized close to $8 billion in private pension monies (just “temporarily” — for a year — in order to “carry out inspections”): http://on.wsj.com/17x65s1
Folks need to be ready for the first sign that this is happening. There would be no warning from the PTB until AFTER they pulled their resources.
Oh, they’re coming. It’s just a matter of when.
Is it time for “Atlas Shrugged,” 21st century version? Just stop working 9or work under the table) and collect as many benefits as possible. Many folks do it, and manage to have flat screen TVs, nice cars and trips to Disneyworld. They just lie, and have no self-respect.
Maybe one can renounce one’s citizenship and become an illegal alien as well. Citizenship is so second-class to the Beltway crowd.
yes, I’m being tongue-in-cheek. for now . . .
The jokes on them, Because of these commie shiites I am living paycheck to paycheck and the only savings i have are empty water bottles.
The first time the scumbag government makes a move for people’s retirement savings there will be a run on the banks. That will be followed by chaos. And in the US, that would probably be followed by rooftop sniper fire from pissed-off citizens. Thank God for the Second Amendment. I don’t see a brazen theft happening here the way it has in sissy Europe.
Therefore, the government’s “work-around” will be further movement to a “paperless” monetary system and controlled inflation. Part of the scheme involves making sure welfare, food stamps, and the rest of the Democrats’ vote-buying hand-outs to the party’s base of moochers are automatically increased based on “cost of living”, while social security is squeezed. It will be a long term, “frog-in-the-kettle”, scheme.
Inflation will destroy the banks as cash savings will be converted to commodities.
I’m not a big fan of the companies that help people to invest in gold, silver, and platinum certificates, but I do like precious metals with physical possession. I am especially fond of gold and silver jewelry when I can admire it on my wife, along with my favorite metals: lead, brass, and blued steel. I don’t think inflation, deflation, or confiscation will affect the value of those investments.
too late......they already got that in the crash.
To a large extent, the FED is already confiscating your savings.
$85 billion per month of QE, zero interest rates, massive Government debt monetization - your savings earn zero, and the principle is being reduced steadily by inflation.
If Conservatives are really serious about ending Leftist-Progressive big government, and all their social engineering schemes - they will kill the FED. The progressive state can not exist unless it controls money creation