On a serious note, how far do you think Obama will go with seizing our retirement and cash accounts?
Or is this the stuff of Alex Jones and Gerald Celente?
Democrats have been talking about doing this for a long time. I watched Richard Gephardt being interviewed more than a decade ago and he was floating the idea, rationalizing it with ‘private investment of retirement funds needs to be done by the federal government because individuals won’t know how to do it without getting burned.’ The democrap party went european socialist decades ago. We’re just starting to realize how much they hate the We The People Republic.
Or is this the stuff of Alex Jones and Gerald Celente?”
Well, FDR confiscated Gold, in exchange for paper dollars. Once the government had the gold, they devalued the currency, hence it took a lot more dollars to equal the same amount of gold.
Had the people been allowed to keep the Gold, they would have been protected against the devaluation. Same thing as stealing to me.
In addition to a flight to safety, the price of Gold is soaring because of the printing of money by the Fed.
Yes, I think they will come after the 401k’s. They will sell the idea as helping the American people who lost so much when the market tanked, and will restore some or all of that loss @ some designated %, if people liquidate and trade it for a Treasury acct. Or some such scheme.
So they get the money and you get the IOU from the Treasury.
“Or is this the stuff of Alex Jones and Gerald Celente?”
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“The stuff of Alex Jones and Gerald Celente” is much more closely aligned with reality than most of what is reported on the official propaganda outlets. The government is releasing pure BS on a daily basis. Amazingly, a lot of people are still saying, “It can’t happen in America” about things that ARE happening in America and have been happening for a long, long time.