Posted on 09/01/2010 5:56:28 PM PDT by Orange1998
The issue here is whether the Dept. of Labor is proposing rules to confiscate your 401(k) and/or IRA.
They aren't. If you believe they are doing so, please cite the specific portion of this document in which they propose that:
Do you have another comment or question about this specific issue, or are you going to go off on another tangential rant?
What possible interest would I have?
I don't have anything to do with the financial services industry, other than when they buy software from my employer.
You made the accusation. It's time for you to back it up, or shut up.
You ignore the main issue.
Fiat money.
Can’t plan a retirement with fiat money BECAUSE fiat money HAS TO BE CONSTANTLY INFLATED.
If you want to solve a problem, find the source. If you ignore the source, the problem WILL remain.
You are the one defending annuities as a sound retirement plan.
I am saying you ignore the danger of ONLY getting 3% on US dollars for a retirement plan.
Ignore away. But quit pretending that the Dept of Labor cares ONE STINKING BIT about the lives of Americans and their ability to provide for their futures.
We KNOW better.
Nope, I addressed the subject of this thread:
US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts
This was your posting. I shouldn't have to remind you of it.
I've pointed you back to the original RFI from the Dept. of Labor. They are not proposing anything close. This article is just a marketing ploy to buy what the author is selling.
I guess I shouldn't be surprised when you insisted on going off on another tangential rant. I'm disappointed, but not surprised.
If you wish to remain ignorant of the issue, so be it. Yep, just only focus on the article and try your darnedest to get people to follow like good little sheep the fat cat bureaucrats that feed like leeches off of the taxpayers.
YOU can trust the government has NO intention of doing harm to Americans lives and money. Ignore the Deathcare, ignore the holding up of insolvent banks at the cost increased taxes and of Americans losing their homes, the off-shoring of American jobs and the destruction of the middle class.
YOU can trust these bastards, you go ahead and do so.
No wonder that you can only point to the article like a paid stooge.
> “You buy an annuity from a PRIVATE company, not the government.”
.
So effin’ what?
How many bondholders and preferred stock owners got raped when Obama gave their assets to the unions in the GM takeover?
Private doesn’t mean squat if it’s not a hard intrinsic in your hand.
.
> “What possible interest would I have?”
Defense of your air-headed ideology, just like all the other fiat friends here.
Fiat money is a criminal scheme to defraud the earning class of the fruits of their labor, and nothing else.
As I posted in another response, the reason Obama got away with it is because the biggest GM bondholders chose to fight in court, instead of mobilizing their beneficiaries.
The biggest GM bondholders? Pension plans, both public and private. Had they enlisted these employees to lobby Congress to stop the rape of their pension fund, it would have been stopped in its tracks. Unfortunately, the pension plan managers thought they could stop it in court. The next time, they'll know better.
Private doesn’t mean squat if it’s not a hard intrinsic in your hand.
Ah, I see. You're shilling for hard money, just like TruthConquers, and the author of the original article.
You're nothing but a couple of astroturfers, aren't you?
Ah, now I know you are a hard-money astroturfer. That explains a lot. Do you think you might be able to boost demand and increase the value of your treasure if you scare people?
I'm not defending anything. I'm simply pointing out the absurdity of the claims made in the subject of this thread and the article that is linked. I find it really interesting that once I did so, I'm getting attacked for all kinds of things that I didn't even say. I guess the truth hurts.
I really don't care what you think of monetary policy. If you want to bury all your assets in the backyard, more power to you. The only person that you'll hurt is yourself, and any family you might have.
But, the Dept. of Labor doesn't make monetary policy. They aren't proposing to confiscate your 401(k), either. Claiming they are doing so is an outright fabrication, and anyone that repeats it should be ashamed of themselves. But, as usual, people like that have no shame.
Wow, this is amusing. I debunk the article that started this thread, and I'm a "paid stooge"? Someone would be really stupid to pay me for that.
I won't bother with the rest of your usual tangential rant, except to note that I now understand: you're just here to shill for hard money and foment panic, like the original author of the article. If your writing was a little more coherent, I'd wonder if you were the author, but I think that's unlikely.
The value of my “treasure” has quadrupled in recent years; Doubled just since the end of 2006.
I don’t need to scare anybody; Bernanke seems to want to do it of his own accord.
Meanwhile retirement funds over which we have little or no control have been cut in half or worse in the same period.
Only a crininal, or aspiring criminal could support fiat these days.
You haven’t debunked anything; you’ve only stated your looney opinion, and proven that you are a shameless shill for fiat crime.
They will do it
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.