Recent information from Restore The Republic has again raised the alarm regarding your 401k’s & IRA’s.Â The BIGGEST Scam was a previous warning.Â Please take note what is happening under the radar, as things of this nature notoriously do.Â You may not get another chance to get or take control of your money.
I’ve already taken care of this and taken everything out so I have control of my own money.Â You should research and do what is best for you and your family.Â Having others control you money is very naive, especially the government.Â If you read the fine print, they OWN them already therefore make the rules/mandates and can change whenever they choose.
Food storage, physical silver and gold are the best places for your money.Â Notice how the price has gone up as we printed more money to bail out Greece?
Wealth protection has never been more critical.
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 of the 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! Who will you need to Trust in the Handling of your money?
The March 9 edition of Business Week notes that new federal regulations designed to “promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams” would help drive cash into government-controlled entities such as American International Group (AIG), which was bailed out to the tune of $182.3 billion.
You Do Trust AIG.. right? The Real Question Is.. Is there a safe haven for retirement accounts?
Restore The Republic
3149 Dundee Rd #176
Northbrook, Illinois 60062, USA
“In fact, THIS WEEK Obama’s Treasury and Labor Departments are holding outrageous, executive branch hearings on nationalization of retirement accounts.”