Obama to meddle with your retirement account? (Forcing 401K's into buying treasury notes)

WorldNetDaily ^ | January 14, 2010 | Jerome R. Corsi

[joe fonebone]

I will liquidate my account and pay the taxes before I am forced to buy bogus bonds from the fed......a buck in hand is worth 3 in the fed....

[The_Media_never_lie]

If O keeps up this redistributive mode, revolution(peaceful, of course) cannot be too far behind.

[GWB00]

And the Democrats came unhinged when President Bush wanted to privatize Social Security. This is going to be a nail in the Obama coffin. It is one thing to mess with people’s healthcare that in most cases in used infrequently, but when they start directly touching your money, the tea in Tea Party will really begin to boil!

[KarlInOhio]

Forcing people to pull trillions of dollars out of the stock market to give to the federales would cause the largest stock market crash in history. It's like the Obama administration wants to rule over the collapsed wreckage of the American economy.

[PJammers]

If they don’t get the response they like they are going to crash the market. Count on it.

[bmwcyle]

A bridge to far.

[Cboldt]

Plain and simple, this is the government using the threat of brute force of violence to cause people to invest in lower returns.

[Blue Turtle]

...all being done on purpose.

[chatham]

This is the most dangerous administration the United States has ever seen.
Carter was stupid this bunch is really EVIL.
Chicago THUGS ..

[Max_850]

I remember when this subject came up before the “08 election. It was after the crash. A female Economics professor briefed Congress that this was an option to save Social Security. Entice folks to hand over their 401Ks to the gov’t in return for a guaranteed 3% return. When you retire the money will be distributed back along with your SS check. No word on whether the gov’t keeps any remainder if you die before it is all distributed or if you can give it to heirs...

Their carrot to get people to go along was to say they would “restore” the peak value of your 401k from before the crash.

That was the day I stopped contributing to my 401k. I still save the money, after tax, but will no longer put it into a 401k that I may lose, at least until this foolishness ends...

[bmwcyle]

It is a pool of cash they need to get their hands on. When they get this cash it will be spent by the end of the month.

[BenLurkin]

Disaster

[massgopguy]

I refer to my 401K as the “As Yet Unstolen Retirement Fund”. They want to make our 401K’s part of the Social Security system. If you read the FICA details you will find “The Reservation of Power” section 1164. This is the section that SCOTUS used in Fleming vs Nestor, where it was ruled that the Federal Government is under no obligation to pay you benefits.

[Vaduz]

Agree I told my sister in -law to do that a year ago but she didn’t and took a loss,she’s a blond and a democrat.You can lead a horse to water but.....

[BallandPowder]

Powder..patch..ball FIRE!

Agreed... I will pay the taxes and buy ... nothing until I absolutely have too

[BenLurkin]

Bump

[wheninthecourse]

It will be ANYTHING BUT peaceful

[saganite]

I can tell you how outrage from 401K holders will play out. You will be accused of everything in the book since 401K holders are primarily those who can afford to set aside a portion of their income for retirement. That makes you a target for race baiters and redistributionists. Those who save for retirement are also a minority. You’ll be lumped in with the “tea baggers”.

Fortunately, most Americans have caught on to this kind of Marxist rhetoric.

[Pearls Before Swine]

. It's like the Obama administration wants to rule over the collapsed wreckage of the American economy.

Wasn't it Lucifer who said he'd rather rule in Hell than serve in Heaven?