401k/IRA grab

Now this is a guaranteed rape job.

In a short conversation this noontime that CNBC apparently has omitted from their archives (Why's that folks?) Rick Santelli was talking about a potential to effectively force money into the Treasury market.

Where would they get this?

From your 401k and IRA accounts!
From Businessweek:

Quote :

The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.

Let me tell you what this is - it is an attempt to prevent the collapse of the Treasury market!

Forcing people into Treasuries as an "annuity" is exactly what Social Security allegedly is. Except that Treasury stole the money that was collected in FICA taxes and spent it!

Guess what? They'll do that here too - you're going to "invest" in Treasuries which of course are effectively a CALL option on the future taxing ability of the government.

The problem is that with an aging population and the immigrant problem (illegal immigrants that is), along with offshoring, the aggregate wage base will drop and thus this is the most dangerous investment of all!

What's even worse is that the government has intentionally suppressed Treasury yields during this crisis (and will keep doing so by various means, including manipulating the CPI - the "inflation index" - as they have for the last 30 years) so as to guarantee that you lose over time compared to actual purchasing power.

THIS HAS BEEN THE CASE SINCE THE 1980s AND IT WILL NOT CHANGE!

I have been talking about this for quite some time and recall writing a Ticker on it a year or more ago, although I can't find the entry immediately.

more http://market-ticker.org/archives/1830-401kIRA-Screw-Job-Coming.html

The illusion of your monopoly bucks being safe anywhere is just that - an Illusion.

Eventually people have to catch on to the games that are being played, I mean seriously how fucking brain dead are the AMERICAN SLUGS? Are there different levels of brain activity by the AMA? I would love to see one on the US populace as a whole. I will give the masters credit they have done an outstanding job of feeding the slugs, I guess time now for some salt.

They're deliberately crashing everyone's wealth in order to weaken the public. This is a global effort, and everyone is a target. I think Maurice Strong may have spoken too openly here...


"Isn't the only hope for the planet that the industrialized civilizations collapse? Isn't it our responsibility to bring that about?"

From my readings Maurice is a major player, accordingly he doesnt seem to get a bunch of press, ironic huh.

Well, Maurice, who is Al Gore's business partner in Carbon Ventures, LLC, was indicted in the USA on the UN Oil for Food Scandal in Iraq.. he was caught trying to cash a $900K+ check. So, unfortunately, good ole Maurice can't enter the USA anymore without getting arrested.

HAHAHA LOL, I did not know that. Thanks for sharing that. I haven't done much research other than topical on him. That is great that he has to come here under disguise or hidden.