- Confiscation of Retirement Accounts
So, what happens if you’re not willing to invest in Obama’s MyRa? How does the government get the funding it needs to continue financing and growing the debt? The answer: FORCE you to make your retirement funds accessible to the government.
If you do some research on US Bill “HB5337,” you will find the plan to nationalize retirement wealth. On May 6, 2012 Lauren Schmitz, a research analyst at the Bernard L Schwartz Center for Economic Analyst (SCEPA), introduced HB5337. This 401(k)/IRA de-privatization is the brainchild of Teresa Ghilarducci, whom through funding from the White House and the Ford & Rockefeller Foundations engineered a new “Regulatory & Tax Incentive.” The purpose is to force Americans to convert their Retirement Accounts into Government Managed accounts.
The government will nationalize retirement accounts like IRAs, 401Ks, pensions, 403Bs, etc. so that you will be forced to use a portion of your retirement wealth to purchase U.S. government debt – debt that will ultimately default, as it is not possible to sustain our astronomical debt nor the deficits that create it.
This plan to nationalize private 401K and IRA retirement accounts is being deceptively publicized as the government protecting the public against business failings or state bankruptcies. But the reality is, your cash, your retirement funds, your bank deposits and your investments are at huge risk of being confiscated by the government through some contrived reason or another.
“What went wrong?”
Well, that’s simple enough to answer: obamacare wasn’t free like the yutes were lead to believe it was going to be, but instead they found out they were going to be coerced into paying a large percentage of whatever money they’ve managed to scrape up during the jobless plague of obamanomics to buy extremely expensive and extremely useless health insurance that almost none of them actually need or be forced to pay a stiff fine instead. In other words, they found out they were not special like they had been taught all of their lives, but instead were merely peasants like the rest of us.