Posted on 12/14/2010 5:26:27 AM PST by IbJensen
Go for it Zero. You’ll be the cause of an armed revolt.
In order to charge him with treason, you must first prove he is an American.
Good luck with that.
Alot of people will go from John Galt to Henry Bowman.
I have my list of local critters to put down (raccoons, opossums, etc ;))...do you? Act locally, Affect globally.
If I really believed this confiscation would take place, I would do well to simply take out a loan from my 401(k) plan in the maximum amount permitted under my plan's rules (typically, a plan manager will permit account holders to borrow up to 50% of their balance, with perhaps a maximum loan amount as well). The purpose of the 50% cap is to ensure that the account has sufficient funds to cover the outstanding loan balance in the event I default on the loan.
If the government seizes my 401(k) plan, I'll just keep the money I borrowed and won't pay it back. The "collateral" on the loan will be worthless at that point anyway.
“The fact that it is even being talked about is astounding.”
Correct.
I am 60 years old and have not seen this level of arrogance and criminality.
I have often thought that there might be another civil war in this country,not between the states, but between those privately employed and government employed.
This could be the trigger point.
Exactly.
1. If you like your 401K, you can keep it. But the government will take 50% of any distribution.
2. Or you can roll it into the Obama Retirement Wish Fund and receive 0.2% per year on the balance (after the 20% reduction to be paid to unions).
IbJensen ~ Lets give the readership here some examples of non-traceable assets. And dont list baseball cards.
Yes. Please do tell.
There you go again, spoiling everybody's good rants with the truth.
Even rats are not stupid enough to try some crap like this after the beating they just took over Obamacare, which by the way is being shot down as we speak. It will work its way to the S.C. and will go down in flames by a 5 to 4 margin.
Exactly! Why its going nowhere.
The rats in congress just got the s*** kicked out of them over Obamacare, they will not try something this radical.
Did the death camps wake up the German people?
We're fundamentally different from them how, exactly?
They do that, and it’s Civil War, Part Deux.
Government can already take your property if someone decides a shopping mall would look better than your house sitting there.
Ping
They already tax my S.S. check, I'm just surprised that they don't withhold S.S. taxes from it too.
the germans? no
the jews had a bit of a wake up though ...
until they made it to manhattan and south florida
Yes, the additional 63 seats in the House look like the first battle in that war.
The 2nd battle was Virginia’s win the the Federal courts yesterday, declaring Obamacare unconstitutional.
Hsving been born on the tail end of the baby-boom generation, I'v never expected to see a penny of social security. I've planned my retirement savings accordingly. I hope others who are my age or younger are doing the same.
Thanks for posting the link.
Life, liberty and the pursuit and destruction of the enemy within...socialists/progressives/collectivists/totalitarians. Soap box, cash box, ballot box, cartridge box, pine box. The 2012 ballot box is rapidly approaching.
Wow I’ve read a few articles like this recently they are taking pension plans all over the world, i.e., they took the Irish pensions to pay off the banks bad debts. The Irish were not even in trouble financially it was all bad bank debt but they took their pensions I have no doubt they would steal from us even more for the banks. You have to wonder as they say where there’s smoke...
American Retirement Funds at Serious Risk of Being Seized
http://www.marketoracle.co.uk/Article24828.html
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