The U.S. Debt, not including unfunded liabilities, is over $17 trillion dollars. The sociopaths who are driving the titanic will be arguing over raising the debt ceiling again. If we look back to September of 2011, which was the last loud debt-ceiling argument, gold rose 21% in a period of three months while politicians caused a major corrosion of confidence in our leaders. When governments are broke, everything is fair game.

Government officials are parasites; they don’t produce anything. They only feed off of those who do. As one person said, the fatter the government, the skinner the people. And when government officials cannot meet their obligations or fulfill the promises they made to the public, they’ll figure out ways to appropriate the public’s money to fund their projects. Government officials don’t produce wealth; they only redistribute your wealth. Desperate government officials will always resort to expropriation, which is outright confiscation.

If the Federal Reserve is currently buying 90% of the U.S. Treasury market and they are going insolvent, who do you think the government will lean on to pick up the slack? The answer is YOU. Ten thousand Baby Boomers will turn 65 years-old every day until 2030. And while the government has a debt problem of $17 trillion, not so coincidentally, our country’s IRAs, 401Ks and retirement accounts amount to that same number: $17 trillion. What a convenient resource for the Federal Government.

So here’s the plan: 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.

Plan to Nationalize Private 401K and IRA Retirement Accounts

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.

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. 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.

	MaddMedic on Apparently…
	disturbeddeputy on Apparently…
	MaddMedic on Seeing Thorns as Blessings
	MaddMedic on To Know My Ways
	crosssectionmusic on To Know My Ways

Freedom Is Just Another Word…

Tag Archives: Government

The Future of Gun Control

The VA Said They Were Coming for This Veteran’s Guns.

More Laws…

Miscellany …………………………………….

Miscellany……

ZoNation: Watch the Oscars…or Mannequins Dress Each Other

GloBull Warming strikes the Great Lakes!!!

Is not finders keepers anymore…Is governments now..

Government involved in Ukraine? That would be the Obama Thugracy….

When the doorbell rings….It may not be whom you want to see..

When Obama threatens Putin eyes roll?

Why? We need our police to have ‘armored’ vehicles because?

Common Core is the latest Government screwup..

This is causing the left to implode…

Morning Miscellany ……

Getting worried are they?

Oppression of women?

Brain dead….Like this…

Senate reverses pension cut

More Proof

Not much except whining about others trying to help them..

Oh no!!

Government officials are parasites; they don’t produce anything.

The Fatter the Government, The Skinnier the People

Rules?? What Are rules? I don't need no stinking rules!!!