Posted on 01/08/2010 11:07:28 AM PST by Zeddicus
Wow...if this goes through, there will be alot less Congresscritters around....”accidentally” being found in hog farms....if you get my drift.
In which case the best investment now would be canned goods, bottled water, and ammunition.
GREAT post rawhide.
“I think I remember Jesse Jackson running on the idea of taking that money and using it for reparations.”
I don’t doubt JJ was talking about that but I remember Robert Reich and his sidekick Actenburg (HHS under Clinton) were talking seriously while running HHS about taking 15% of the current balance of all 401K/IRA accounts and 15% of all future contributions to ‘invest in the inner cities’. They claimed this was necessary since the market didn’t fully recognize the values of such intestments and that these ‘investments’ would pay for themselves by reducing crime, poverty, etc.
I also doubt that there are few politicians that wouldn’t slobber over the thought of taking a sizeable portion of all 401k/IRA accounts to pay for their pet projects, ie, health care, reparations, etc.
AMcon mag had a fiction piece last month about America’s dollar being destroyed Argentine style. With this being floated I would say our goose is cooked. Beans, brass and bullion will be 2010’s market leaders.
At which point it is good bye United States; for at least the next handful of decades.
DAMN!!! Every time I think I’ve got enough 9MM on hand, another story like this comes out.
Ping.
Progressive types have been jealously eyeing all of that cash sitting in private 401K’s and IRA’s and plotting ways to get their mitts on it for a quarter-century now
ping
If they move on this I will cash out my IRA’s, pay the penalty and pay off my house.
I am more and more becoming an advocate for diversifying into gold. And I don’t mean certificates, I mean physical, you-can-hold-it-in-your-hands-and-look-at-it, gold. Personally, I’ve always been a bit of a mattress stuffer anyway - - I look sideways at banks or anyplace else the scumbag politicians can get their hands on my money (or “freeze my accounts”) without a gunfight.
Already has...
“...it is war...it is the war of the Democrats against the Baby Boom...who have paid into and now are poised to reap the “benefits” of Social Security and Medicare...it is the war of those who created these fraudulent programs ...which have fleeced 45 years of taxes from the Baby Boom..and never intended to grant them the “benefits” they were conned into allowing to be withheld from their paychecks. It is a personal war...because by hastening them to their graves...they intend to fleece their descendants of their estates.”
Yep, the socialists ("Democrats") have coveted all that money for decades. I remember Jesse Jackson promoting the government theft of private retirement accounts as part of his presidential campaign many years ago. No joke.
I remember that. As soon as I was able to, I quit all contributions to my 401K. They may figure out a way to take what is left after the last 18 months, but I sure as hell wasn’t going to add to it for them!
When I told others, they told me I was paranoid; they wouldn’t DARE do something like that! Now what will they think. I do think it’s just a matter of time. f’ers. Who will stop them??
Let’s stick it to the Congress. No pensions.
Just like I said yesterday, The healthcare that they want to pass has nothing to do with health and everything to do with taxes. They want there tax revenue. They won't be there when it takes affect and will leave it to someone else(does Social Security ring a bell). They are trying to prolong the inevitable of the crash of the dollar.
Without a doubt! Us babyboomers have been working our butts off for the past 40 years carrying the weight of 3 generations. Now it's our turn. We all sacrificed to save for retirement and we're supposed to turn it over for reparations to welfare queens? I don't think so. They're not getting a dime from me without fight!
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