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Author Topic: "Uncle Sam Wants to Seize Your Retirement Plan"  (Read 1249 times)
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WhiskeyGirl
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« on: June 01, 2010, 08:51:50 PM »

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Remember the old posters that read “Uncle Sam Wants You”?

Well, this time, he needs you — in particular, your money.

The Department of Labor and U.S. Treasury Department are looking into ways to promote the conversion of retirement plans into an “annuity payment.” That, at least, is the term cited by sources like BusinessWeek and Bloomberg.

But make no mistake about it. That’s “government-speak” for the mandated purchase of U.S. Treasuries.

And most likely, the government wants to lock you into a low-yielding 30-year Treasury in order to finance a mountain of deficits for decades to come.

For some reason, Obama's debt doesn't have the same appeal as War Bonds...

Quote
This isn’t the only government move to force the purchase of Treasuries; it was also announced recently that money-market accounts are going to be forced to hold 10% of their assets in Treasuries or equivalents.

You can bet the bank it won’t stop there.

Some of those “equivalents” could include the bonds of cash-strapped municipalities, all offering a fixed return below inflation.

Quote
An IOU Where Your Retirement Money Once Was

Originally, the second attack looked to be the government takeover of retirement plans, as was done in Argentina.

The most important thing is clear: The government wants to force you to buy Treasuries and nothing else!

Imagine that — 100% of your retirement tied to the dollar, a declining asset, and backed by a government IOU that is already so big many question whether it can be sustained.

Wow.  Scary stuff, and Glenn Beck isn't on tv right now.

more here - http://sovereignsociety.com/2010/06/01/uncle-sam-wants-to-seize-your-retirement-plan/
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

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Edward
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« Reply #1 on: June 02, 2010, 01:12:50 PM »

It is all true.. In Argintina the population stood still and allowed her to take there retirment.
I am afraid "so shall we"
A dosile America will allow it.
 
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Edward
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« Reply #2 on: June 02, 2010, 01:14:49 PM »

Somebody call the spell checker police !!   Monkey Devil!
I hates when I do that.
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Edward
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« Reply #3 on: June 02, 2010, 01:23:20 PM »

It is all true.. In Argentina the population stood still and allowed her to take there retirement.
I am afraid "so shall we"
A docile America will allow it.
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WhiskeyGirl
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« Reply #4 on: June 03, 2010, 07:55:38 AM »

It is all true.. In Argentina the population stood still and allowed her to take there retirement.
I am afraid "so shall we"
A docile America will allow it.

There are other choices, but they are ignored.

They could force foundations like The Bill & Melinda, Hillary's, Dell, and other cronies to put their money in the pot, but they don't.

They've seized more land with every change in presidents - monuments.

How many monuments do they need?  Why don't they just let people keep their money?

What happens when we can't pay our debt to China and others?

Do the Chinese get the monuments?
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
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