Thursday, September 2, 2010
Some people have the vocabulary to sum up things in a way you can
understand them. This quote came from the Czech Republic . Someone
over there has it figured out.
"The danger to America is not Barack Obama, but a citizenry capable of
entrusting a man like him with the Presidency. It will be far easier
to limit and undo the follies of an Obama presidency than to restore
the necessary common sense and good judgment to a depraved electorate
willing to have such a man for their president. The problem is much
deeper and far more serious than Mr. Obama, who is a mere symptom of
what ails America . Blaming the prince of the fools should not blind
anyone to the vast confederacy of fools that made him their prince.
The Republic can survive a Barack Obama, who is, after all, merely a
fool. It is less likely to survive a multitude of fools such as those
who made him their president."
Monday, August 30, 2010
40l(k)/IRA Nationalization Quietly Moves Forward
“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.”
They want to "get” people to invest their 401k’s and IRA’s into annuities, or likely into U.S. T-Bonds, which are in the biggest overvalued bubble the world has ever seen.
They are doing this because they will have $2 Trillion Dollars in bonds to sell this year, and foreign buying is drying up. China doesn't want them.... Do you?
Who's behind it?
The White House and a powerful network of Congressional activists, and The highly-influential Ford and Rockefeller Foundations. They are engineering a new regulatory and tax-incentive. The purpose is to herd and ultimately force Americans to convert their 40l(k)s and IRAs into government-directed retirement accounts.
The 40l(k)/IRA de-privatization plan is the brain-child of Teresa Ghilarducci (Schwartz Center for Economic Policy Analysis – SCEPA), who is funded by the Rockefeller Foundation.
The extreme tactics used to ram nationalized health care down the country's throat are a blueprint for what could be the biggest asset grab in history.
This is exactly what took place in Argentina. Yes, Argentina was once a powerful nation; the 3rd wealthiest nation until the 20th Century.
Another reason as to why our government needs to nationalize retirement accounts...
Is reported by the New York Times, "This year, the system will pay out more in benefits than it receives in payroll taxes, this important threshold was not expected to cross until at least 2016, according to the Congressional Budget Office." The trickle of red ink will soon become a flood under the pressure of 78 million retiring Baby Boomers.... Less money going into the system!