They can have it.
After everyone is transferred out of their current, good assets to IOU T-bills and notes and maybe Agency bonds, then worry about DEFAULT on them in a few years....US debts and monetizing are only rising astronomically and cannot do that for very long.
Analysts stress deflation, inflation, possibility of hyperinflation, but while the Congress is considering the IRA and 401k actions, there is little mention of DEFAULT. Therefore, consider the possibility as a final outcome.
Because they’ve done such a great job with social security and that “lock box” thing.
I said, and I quote, ‘because the government is going to take it.’
Odd thing, my ex-wife did the exact same thing.
As soon as Obama was elected, half the people I know, dumped their 401s.
We all knew this was coming. And this is only the beginning.
The United States economy is in full meltdown.
It will not be long before everything you own belongs to the government. By government, of course, that would be China.
Wow! Isn't it wonderful to live in the Utopian Paradise the Libs and RINOs have given us?
They must be very proud. USSR rocks! (and now, we are them) Good going to all involved. Great Job. I'll see you in the bread line! You stupid losers.
I should pull mine out and hide the money under the mattress. Until Obama sends his secret police to check my bedroom, that might be the safest place.
This is not a natural spike. People are afraid of Obama and the Liberals, i.e, Communists.
Everyone knows the government is going to take everything and they rushing to Gold as a haven. It is as if they think the Communist government will not take their Gold.
Of course they will. And even if they can't find, the Government will just trading in Gold illegal.
No, short of moving to Australia, there is no way around this.
America has been conquered!
bump
Take my money and civil war starts.
They can “force” companies to offer this sham of an option.
They CAN NOT force individuals to invest in it!
If the Dems want to have a conversation about the pitfalls of “privatizing Social Security” vs. this hoax, bring it on!
“WND reported in January that Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry are planning to stage a public comment period before implementing regulations that would require private investors to structure IRA and 401(k) accounts into what could amount to a U.S. Treasury debt-backed government annuity.”
Just like health care, what part of the Constitution gives our elected elite the right to demand that I purchase a product to live in the U.S.?
They HATE the fact that some people worked hard during their lives and saved some money, and that some others lived a life of lazy uselessness, and now, poor things, have no savings.
So they WANT to take the savings and give them to the people who vote democrat.
They will find a way to do it by slipping in an amendment to an unrelated bill.
Too late Mr. Gooberment. Worldcom disappeared my IRA a few years ago.
A real wealth killer if I ever saw one.
Stock market would dive.