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I Told You So! Of Course Washington will Steal Your Retirement Benefits
The Daily Bell ^ | 12-6-2012 | Ron Holland

Posted on 12/22/2012 6:21:04 AM PST by Renfield

Today the twin fake memes of a "Fiscal Cliff" and "Austerity" are combining to create a contrived excuse to tax and steal far more of your wealth and income, including your retirement benefits. The press is filled with articles and editorials like one recently at CNBC entitled "Amid Tax Talks, a cry of 'Save My 401(k)'."

Many retirement, offshore and political experts including Jeff Berwick, Larry Grossman and others are now warning how government revenue needs and austerity measures by the Obama Administration today threaten the private retirement system and benefits of millions of successful Americans. Back on January 28, 2010 I wrote a report entitled "The Coming Obama Retirement Trap Has Started," published at LewRockwell.com, republished in its entirety below, for your review.....

(Excerpt) Read more at thedailybell.com ...


TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: 401k; confiscation; investments; ira; retirement; stealing401k; stealingiras
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To: Gadsden1st

I’m taking that little girl in and giving her food and shelter.


21 posted on 12/22/2012 7:47:45 AM PST by onona (Yes, I am a Raiders fan.)
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To: csmusaret
I’m just really done with the two party thing. Just done!

If we keep fishing from the same ol pond, were gonna keep catching the same ol big mouth bass.

What we are doing, ain’t workin. Even the Tea Party has appeared to sputter.

22 posted on 12/22/2012 7:49:10 AM PST by servantboy777
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To: servantboy777

I agree. If we had a strong Conservative Party the Republicans would be forced to form a coalition with us in order to do anything. If there are actually any Blue Dog Dems left, they could join the CP against the GOP and Dems on selected issues. I would prefer a public hanging of all 535 of them and a stern warning to their replacements, but I don’t foresee that happening....Yet.


23 posted on 12/22/2012 7:55:26 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: csmusaret
I remember the sign one fella carried during the huge Tea Party rally on Uncle Sugar's home turf read, “We didn't bring our guns this time.”

It is no wonder, they are now making a play against the 2nd amendment.

Politicians do not respect the average Joe-six-pack. They look at us as ignorant country folk not able to understand the give and take of politics, the gamesmanship of D.C..

Politicians spending hundreds of millions to gain a seat that pays hundreds of thousands....say’z it all.

Oh, says it all. Wouldn't want anyone to think i’z ignert.

24 posted on 12/22/2012 8:03:36 AM PST by servantboy777
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To: Renfield
create a contrived excuse to tax and steal far more of your wealth and income, including your retirement benefits.

They've been doing it for many, many years, through debasement of the currency, and it's only accellerated with these so called "quantitative easings" (creating currency with no additional financial backing!)

But not only is it eating away at your savings, it's stealing from your current earnings as well. Every time you buy something, it's an increased "tax" by the government, in effect raising the cost of everything. For instance, we all know that prices have gone up at the grocery store, but manufacturers try to hide the scale of the price increases by reducing the size of what you're buying. For instance, I'm paying about double for a can of tuna fish of what I paid a year or two ago. But then I notice that the more expensive tuna is in a 5oz can rather than the "half priced" 6oz can. Or a carton of fresh (not from concentrate) OJ, which is about a dollar more for a carton, but rather than 64oz, the carton is now 59oz.

Mark

25 posted on 12/22/2012 8:07:49 AM PST by MarkL (Do I really look like a guy with a plan?)
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To: Renfield; SierraWasp; tubebender; Liz; stephenjohnbanker

Those in charge of the left wing know that Pareto’s rule, 20% of any organization/country produce 80% of the resulst.

So they have put themselves in power to fleece the producing 20% for their gain and to share part of the fleecing with their non producing voters.

“Why should those who produce 20 percent of results receive the same return as those who produce 80 percent? But that is what the Left requires, when you stop to consider things. That’s the inherent fallacy of all collective concepts of government; they violate the Pareto/Juran, 80/20 nature of human activities, They therefore violate human nature, must be compelled by force and always fail. When receiving an objection to the ‘always fail’ accusation, simply request any example with long term success.”

http://constitutionclub.org/2012/09/30/reality-equality-and-pareto-make-trouble/


26 posted on 12/22/2012 8:15:38 AM PST by Grampa Dave (Tagline space for rent to pay for some of my extra taxes the next 4 years!)
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To: csmusaret; All
I would prefer a public hanging of all 535 of them and a stern warning to their replacements...

Post/thread BUMP! Socialists/Totalitarians/UNaccountable bureaucrats ARE useless eaters FORCING us to provide them with a luxurious life. NO pay, NO benefits, NO perks, NO retirement until the debt clock becomes a surplus clock (without raising taxes) and at the time of the surplus..current taxes are reduced dramatically. Perhaps then we can build a monument to selfless men and women as gratitude for righting the republic.

--That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

Alter it.

27 posted on 12/22/2012 8:29:50 AM PST by PGalt
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To: servantboy777; csmusaret
I’m just really done with the two party thing. Just done! If we keep fishing from the same ol pond, were gonna keep catching the same ol big mouth bass.

Ah, the "grass is always greener on the other side of the fence" argument.

What makes you believe that the people who would populate another party would have any more integrity than the ones we have now......after all, they all come from the same pond --- inside the self-centered, selfish population of the United States.

If you think some guy who is a member of the constitution party or ovaltine party is not looking to enrich himself and his friends, you are deluding yourself.

28 posted on 12/22/2012 8:41:38 AM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: Erik Latranyi

Enriching themselves is not the pressing problem; bankrupting the nation is.


29 posted on 12/22/2012 8:54:21 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: cpa4you
I’ve pulled everything out of savings and spent it!

Probably what we all should be doing. Maybe taking out our savings and hiding the cash somewhere like our grandparents did isn't such a bad idea anymore. Then, of course, install a security system for our homes, get a big dog, and buy a gun!

Unfortunately, the reality today is that many have already had to spend their savings just to survive the high costs of living. What is both disgusting and criminal is that cuts in SS or retirement funds hurt the people who WORKED all their lives and contributed their own money to these funds. Taking from them is outright stealing by our government.

While those who have existed for generations on welfare programs and NEVER WORKED, never see any reductions in their checks from the government, and the politicians aren't daring enough to do so because they are afraid of appearing "heartless" and losing votes. They don't care about hurting the seniors...who, they rationalize, will die out faster than the millions of government dependent welfare recipients who will be around longer and able to keep voting for the power hungry politicians.

I know many seniors who were productive all their lives who now have to survive on meals of cereal or peanut butter sandwiches just so they have enough money for medications, or gasoline, or paying the utilities. Meanwhile, the true "entitlement crowd" who never paid a cent into the system and only take from the government are buying expensive cuts of meat, prepared and frozen meals, bags of junk foods and snacks, sodas, etc. and paying for it all with their EBT cards. They also get part of their rent covered by HUD, and assistance with utility payments. Then, these same people buy drugs, or get their hair and nails done every week, and are able to buy themselves and their kids name brand sneakers and clothes...all paid for from their welfare checks. While seniors are shopping in used clothing stores and wearing sweaters in their homes so they can keep the heat turned down lower to save money.

The government should leave Social Security and Retirement funds alone and cut back what are the true "entitlement" programs. And, the recipients who exist on government assistance throughout generations and their eternal lifetimes should be purged from the list and made to support themselves by getting a job. Or, at least - they should be made to pass drug tests regularly; and then only permitted to shop in discount clothing and food stores, and only allowed to purchase foods that are on Michelle Obama's "eat healthy" list - that would comply with "Mamma" O's dictates, LOL! And it would discourage the continual existence on government checks if long term recipients were not able to live luxuriously but were only able to afford the true necessities.

30 posted on 12/22/2012 9:00:43 AM PST by CitizenM (Obama - The architect of the decline of the U.S.)
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To: csmusaret
Enriching themselves is not the pressing problem; bankrupting the nation is.

Care to enlighten me on the difference as I see both as the same thing.

31 posted on 12/22/2012 9:13:59 AM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: Renfield

When Democrats rule it’s never a good thing and it takes years to recover.


32 posted on 12/22/2012 9:21:31 AM PST by Vaduz
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To: dennisw
Obama cannot do this by Executive Order.

Why not, exactly? Who will stop him?

33 posted on 12/22/2012 9:31:55 AM PST by Bloody Sam Roberts (Political correctness does not legislate tolerance; it only organizes hatred.)
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To: Erik Latranyi

It is entirely possible to profit from insider knowledge without taking any taxpayer dollars. Taking money from me to give to a man who has not looked for a job in three years does not enrich the politician, but it helps him get re-elected so he can continue to enrich himself in other ways. I would vote to give each Congresscritter a one million dollar bonus for each year the country broke even financially. I don’t give a damn how much they or anyone else MAKES. I care about what they SPEND because they are spending my money.


34 posted on 12/22/2012 9:32:34 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: Pontiac

we all paid back our loans, that’s the difference. nowadays people think that’s optional. i got private academic scholarships. also worked during college and was somehow able to study and work and have some fun.


35 posted on 12/22/2012 10:03:41 AM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: muawiyah

don’t forget many who worked inside the home had small businesses themselves, selling items they made, or selling extra eggs or things like that.


36 posted on 12/22/2012 10:06:25 AM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: muawiyah

don’t forget many who worked inside the home had small businesses themselves, selling items they made, or selling extra eggs or things like that.


37 posted on 12/22/2012 10:07:51 AM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Secret Agent Man
As with hunter gatherer days, employment inside the home was seasonal and depended on whether or not the woman was burdened with pregnancy or a new baby.

I think I covered that. Eggs were a route taken by corn and wheat to the cash markets.

Remember, too, French peasants had over 200 feast days per year and only paid 25% tax to their liege lord.

38 posted on 12/22/2012 10:29:35 AM PST by muawiyah
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To: onona

“I’m taking that little girl in and giving her food and shelter.”

What about her kin, and her “friends”?


39 posted on 12/22/2012 10:53:45 AM PST by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: All
PRNEWSWIRE: 43 trillion dollars lawsuit!
Spire-law ^ | 11/12/12 | Chrisnj / FR Posted by chrisnj
http://spire-law.com/in-the-news/ 43 trillion dollars lawsuit against gov officials and major banks

Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP’s Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury

NEW YORK, Oct. 25, 2012 /PRNewswire/ — Spire Law Group, LLP’s national home owners’ lawsuit, pending in the venue where the “Banksters” control their $43 trillion racketeering scheme (New York) – known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion of laundered money by the “Banksters” and their U.S. racketeering partners and joint venturers – now pinpoints the identities of the key racketeering partners of the “Banksters” located in the highest offices of government and acting for their own self-interests. \

In connection with the federal lawsuit now impending in the United States District…… (for more go to the link.) /

===========================================

FOURTEEN TRILLION DOLLARS Behind The Real Size of Obama's Wall Street Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout.
SOURCE motherjones.com
Mon Dec. 21, 2009 12:23 PM PST

The price tag for the Wall Street bailout is often put at $700 billion—the size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets.

To get a sense of the size of the real $14 trillion bailout, see our chart at web site. Below, a guide to the pieces of the puzzle:

Treasury Department bailout programs
(Remember that Obama's Treasury Dept was controlled by his then-COS Rahm Emanuel---a savvy, connected G/S lobbyist in the WH)

Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].

Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].

TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.

Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."

GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.

LONG READ---go to web site to read more and checkout the shocking financial charts.

SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout

40 posted on 12/22/2012 1:56:10 PM PST by Liz
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