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Posted: 1/28/2014 11:05:01 AM EDT
[#1]
We'll know in 2016 whether we have any chance of surviving this as a nation.
If a republican president begins pushing HARD (like Gov. Walker in Wisconsin) to repeal a bunch of O's laws and EO's and eliminate the new CFPB department AND repeal the patriot act and others then we may stand a chance. If they push to just "fix" the worst of O's laws then we're screwed. If Hillary wins then we're screwed and she'll blame evil capitalists for destroying the nation and the press will back her up. |
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Posted: 1/28/2014 11:05:07 AM EDT
[#2]
Yet when people talk of GTFO of this country GD heckles them to death.
America as we knew it is over - it's a different game now and we all know where it's headed. |
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Posted: 1/28/2014 11:06:43 AM EDT
[#3]
Quote HistoryQuote HistoryNot going to be the last either, Bundesbank and zee Germans are tired of bailing out the other EU countries - we'll see what happens next time Greece needs a bailout. Bundesbank said on Monday that countries about to go bankrupt should draw on the private wealth of their citizens through a one-off capital levy before asking other states for help. Bundesbank Bail-In Statement |
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Posted: 1/28/2014 11:07:08 AM EDT
[#4]
Quote HistoryQuoted:
We'll know in 2016 whether we have any chance of surviving this as a nation. If a republican president begins pushing HARD (like Gov. Walker in Wisconsin) to repeal a bunch of O's laws and EO's and eliminate the new CFPB department AND repeal the patriot act and others then we may stand a chance. If they push to just "fix" the worst of O's laws then we're screwed. If Hillary wins then we're screwed and she'll blame evil capitalists for destroying the nation and the press will back her up. The US doesn't do anything gradually, or to fix anything. It has always been Bubble and Burst, Peak and Valley, sudden failure that are catastrophic. Its the American way. 
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Posted: 1/28/2014 11:07:48 AM EDT
[#5]
I can hear it now
" if you like your retirement, you can keep your retirement plan". |
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Posted: 1/28/2014 11:08:00 AM EDT
[#6]
you can already buy US govt securities in an IRA. If your broker doesn't offer it, go to one that does. Any broker worth their salt will offer them. The mark up on gov't securities to buy from a broker is so fucking small that no one should bitch about the commission. Basically the government is going to be the custodian of the IRA in which the govt securities will be bought/placed. at first, it will work as advertised, then you can bet your ass the govt will figure out some kind of way to use the money for other shit. Do some research on what a custodian does for a qualified account and then get back to me.
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Posted: 1/28/2014 11:08:24 AM EDT
[#7]
any surprise this is happening?
Obamacare passed in 2009. the elite DC class needs another step towards socialism, and what better a way than this? |
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Posted: 1/28/2014 11:08:30 AM EDT
[#8]
So the time has come for me to convert my 401K to ammo.
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Posted: 1/28/2014 11:09:20 AM EDT
[#9]
Quote HistoryQuoted:
I can hear it now " if you like your retirement, you can keep your retirement plan". yeah no lie, I am seriously trying to figure out who thought of this idea in a way that is purely benevolent, and I can't 
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Posted: 1/28/2014 11:11:01 AM EDT
[#10]
Quote HistoryQuoted:
I can hear it now " if you like your retirement, you can keep your retirement plan". Geez, I sure wish you were joking, but I won't even pretend.
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Posted: 1/28/2014 11:13:10 AM EDT
[#11]
Quote HistoryQuoted:
So the time has come for me to convert my 401K to ammo. Way ahead of you. I already did. |
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Posted: 1/28/2014 11:13:20 AM EDT
[#12]
Quote HistoryQuoted:
Awesome. So not only do we not trust people with their own social security investment (Ala GWB) but now we want people to invest solely in .Gov? Really? Lets review how well they've managed the economy... And passed budgets... And oh right... GWB? |
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Posted: 1/28/2014 11:14:24 AM EDT
[#13]
Allow me to don my tinfoil hat for a moment. Ahem.
The next step is to engineer a HUGE market crash, even worse than 2008. Something that totally wipes out the middle class. Then they can go, okay, we'll help you out. We'll take whatever money you had BEFORE the crash and give it all back to you, but it will be in one of these funds. See, this Treasury Bond is safe from crashes because it's the government. And the people will eat it up. Oh! we gets our monies back! |
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Posted: 1/28/2014 11:14:29 AM EDT
[#14]
Quote HistoryQuoted:
How long before they are made mandatory for members of the evil 'producing class'?  |
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Posted: 1/28/2014 11:15:29 AM EDT
[#15]
Quote HistoryQuoted: My passport is current. Thank God.  No passport here, just have to travel Mexican-style... see a border, jump a border. |
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Posted: 1/28/2014 11:17:24 AM EDT
[#16]
Quote HistoryQuoted:
No passport here, just have to travel Mexican-style... see a border, jump a border. Quote HistoryQuoted:
Quoted:
My passport is current. Thank God. No passport here, just have to travel Mexican-style... see a border, jump a border. A seaworthy boat might be the best investment a man can make today. |
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Posted: 1/28/2014 11:17:38 AM EDT
[#17]
Quote HistoryQuoted: Allow me to don my tinfoil hat for a moment. Ahem. The next step is to engineer a HUGE market crash, even worse than 2008. Something that totally wipes out the middle class. Then they can go, okay, we'll help you out. We'll take whatever money you had BEFORE the crash and give it all back to you, but it will be in one of these funds. See, this Treasury Bond is safe from crashes because it's the government. And the people will eat it up. Oh! we gets our monies back! |
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Posted: 1/28/2014 11:18:50 AM EDT
[#18]
Toldja
Toldja Tolja The pump was bait. |
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Posted: 1/28/2014 11:19:52 AM EDT
[#19]
Quote HistoryQuoted:
Next step: MANDATORY buying of T-bonds. And if you don't buy them - they will TAKE your traditional holdings in IRAs, 401(k)'s and pensions and give you T-bonds in their place. Just like mandatory health insurance was sold on the idea that "everyone is gonna need health care at some point" - this one will be sold on the idea that "everyone is gonna need retirement/savings at some point". That was always my underlying concern about the SCOTUS ruling on the ACA. Once it was established that the government can force you to buy something you don't want, government bonds were clearly the next possible case. Then again, the government already forces you to pay into SS, just by virtue of having a job, so it's not really so unprecedented. |
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Posted: 1/28/2014 11:22:57 AM EDT
[#20]
Quote HistoryQuoted: That was always my underlying concern about the SCOTUS ruling on the ACA. Once it was established that the government can force you to buy something you don't want, government bonds were clearly the next possible case. Then again, the government already forces you to pay into SS, just by virtue of having a job, so it's not really so unprecedented. Quote HistoryQuoted: Quoted: Next step: MANDATORY buying of T-bonds. And if you don't buy them - they will TAKE your traditional holdings in IRAs, 401(k)'s and pensions and give you T-bonds in their place. Just like mandatory health insurance was sold on the idea that "everyone is gonna need health care at some point" - this one will be sold on the idea that "everyone is gonna need retirement/savings at some point". That was always my underlying concern about the SCOTUS ruling on the ACA. Once it was established that the government can force you to buy something you don't want, government bonds were clearly the next possible case. Then again, the government already forces you to pay into SS, just by virtue of having a job, so it's not really so unprecedented. Which is why I can see the current SCOTUS holding such a thing up. That is scary as fuck.  |
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Posted: 1/28/2014 11:26:12 AM EDT
[#21]
Quote HistoryQuoted:
While forced loans to governments have a long history, I wouldn't worry too much. Many people who are wealthy, important and powerful make a lot of money managing the assets in retirement funds. If the government were to try and cut off their access to that income, or even reduce that access, they would be unhappy. Politicians do not risk making wealthy, important and powerful people unhappy. No they give them a waiver and fuck the rest if us. |
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Posted: 1/28/2014 11:27:57 AM EDT
[#22]
Quote HistoryQuoted:
Invest in lead and steel /end thread  As time goes on the contents of my gun safe keep seeming like my safest investment |
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Posted: 1/28/2014 11:28:01 AM EDT
[#23]
Fuck that. I'll take every cent out of everything and burn it first
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Posted: 1/28/2014 11:28:18 AM EDT
[#24]
Quote HistoryQuoted:
In his defense guys, we can't just keep printing more money  He doesn't deserve a defense. Fuck that motherfucker |
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Posted: 1/28/2014 11:29:15 AM EDT
[#25]
Quote HistoryQuoted:
That was always my underlying concern about the SCOTUS ruling on the ACA. Once it was established that the government can force you to buy something you don't want, government bonds were clearly the next possible case. Then again, the government already forces you to pay into SS, just by virtue of having a job, so it's not really so unprecedented. They won't even have to force you to do it- they only have to force your fund manager to in most cases. It will be the same thing with single payer- anyone who has private insurance will simply be mailed a healthcare.gov card after their insurer is appropriated. |
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Posted: 1/28/2014 11:29:21 AM EDT
[#26]
Quote HistoryQuoted:
Next step: MANDATORY buying of T-bonds. And if you don't buy them - they will TAKE your traditional holdings in IRAs, 401(k)'s and pensions and give you T-bonds in their place. Just like mandatory health insurance was sold on the idea that "everyone is gonna need health care at some point" - this one will be sold on the idea that "everyone is gonna need retirement/savings at some point". ALL wealth belongs to the gov't. Yep.
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Posted: 1/28/2014 11:30:12 AM EDT
[#27]
All of those IRAs are safe in the Lockbox. We can't touch it. Until we need it. For something that may or maynot be important. But then there will be IOUs. And uh... Lockbox.
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Posted: 1/28/2014 11:30:16 AM EDT
[#28]
I could see that weasel fuck getting the financial transaction tax that the libs have been pining for and waiving it for Treasury IRAs.
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Posted: 1/28/2014 11:31:38 AM EDT
[#29]
Quote HistoryQuoted:
Oh my God! People buying Treasury Bonds! The horror! People that choose to do so are free to buy them now. What value does Federal Government involvement and inevitably coercion add? Tax deferment? Will this wind up another forced benefit akin to Obamacare? If you aren't buying health insurance saving for your retirement you will be come a drain on the system, therefore the .gov will see to it you comply or pay the fine. President Obama (may fuck be upon him) is the embodiment of "I'm from the government and I'm here to help you fuck your life up". He is going to pimp an investment that loses money (return vs inflation), and do it to help us? Is everybody from Ames a lefty or government apologist because of the damn University there? Everybody I know from Ames is a commie. |
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Posted: 1/28/2014 11:32:00 AM EDT
[#30]
Quote HistoryQuoted:
That was always my underlying concern about the SCOTUS ruling on the ACA. Once it was established that the government can force you to buy something you don't want, government bonds were clearly the next possible case. Then again, the government already forces you to pay into SS, just by virtue of having a job, so it's not really so unprecedented. Quote HistoryQuoted:
Quoted:
Next step: MANDATORY buying of T-bonds. And if you don't buy them - they will TAKE your traditional holdings in IRAs, 401(k)'s and pensions and give you T-bonds in their place. Just like mandatory health insurance was sold on the idea that "everyone is gonna need health care at some point" - this one will be sold on the idea that "everyone is gonna need retirement/savings at some point". That was always my underlying concern about the SCOTUS ruling on the ACA. Once it was established that the government can force you to buy something you don't want, government bonds were clearly the next possible case. Then again, the government already forces you to pay into SS, just by virtue of having a job, so it's not really so unprecedented. I honestly wish that I had the foresight to have thought of that. |
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Posted: 1/28/2014 11:32:42 AM EDT
[#31]
Quote HistoryQuoted:
The trouble is that with Quantitative Easing, no one is buying US Treasuries except the Federal Reserve. The Chinese slowed down their buying and then sold more than they bought. I don't think they're buying any at all now and have been divesting themselves of dollar designated assets for tangibles (mineral rights, mines, farms, land, buildings) in their exit of the dollar. The US government wants to get more buyers and read that federal employees have had their 401Ks diverted to treasury bonds without their consent. In short, it's the sh*tz and when the world dumps the petro-dollar, you don't want to be left holding the bag. Get your 3 B's in order. What are the 3 B's? |
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Posted: 1/28/2014 11:34:50 AM EDT
[#32]
Quote HistoryQuoted:
Next step: MANDATORY buying of T-bonds. And if you don't buy them - they will TAKE your traditional holdings in IRAs, 401(k)'s and pensions and give you T-bonds in their place. Just like mandatory health insurance was sold on the idea that "everyone is gonna need health care at some point" - this one will be sold on the idea that "everyone is gonna need retirement/savings at some point". ALL wealth belongs to the gov't. Bingo, Bingo, We have a winner Ladies and Gentlemen! |
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Posted: 1/28/2014 11:34:52 AM EDT
[#33]
Fucking Wesley Mouch...
oh wait, this is real life. damnit. |
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Posted: 1/28/2014 11:36:55 AM EDT
[#34]
I think he should start with a trial run - move the retirement accounts of all unionized Federal workers, employees of the Executive Branch (excepting the Department of Defense), and Congressional staffs into Treasury Bond IRAs first, and see how it works.
If it provides as wildly popular as the Socialists assume, then we can open enrollment to the rest of the public. |
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Posted: 1/28/2014 11:37:23 AM EDT
[#35]
Quote HistoryQuoted:
No they give them a waiver and fuck the rest if us. Quote HistoryQuoted:
Quoted:
While forced loans to governments have a long history, I wouldn't worry too much. Many people who are wealthy, important and powerful make a lot of money managing the assets in retirement funds. If the government were to try and cut off their access to that income, or even reduce that access, they would be unhappy. Politicians do not risk making wealthy, important and powerful people unhappy. No they give them a waiver and fuck the rest if us. LOL How would a "waiver" help? The wealthy, important and powerful are making that money from managing the funds owned by the "...rest of us.". |
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Posted: 1/28/2014 11:37:46 AM EDT
[#36]
Quote HistoryQuoted:
That was always my underlying concern about the SCOTUS ruling on the ACA. Once it was established that the government can force you to buy something you don't want, government bonds were clearly the next possible case. Then again, the government already forces you to pay into SS, just by virtue of having a job, so it's not really so unprecedented. Quote HistoryQuoted:
Quoted:
Next step: MANDATORY buying of T-bonds. And if you don't buy them - they will TAKE your traditional holdings in IRAs, 401(k)'s and pensions and give you T-bonds in their place. Just like mandatory health insurance was sold on the idea that "everyone is gonna need health care at some point" - this one will be sold on the idea that "everyone is gonna need retirement/savings at some point". That was always my underlying concern about the SCOTUS ruling on the ACA. Once it was established that the government can force you to buy something you don't want, government bonds were clearly the next possible case. Then again, the government already forces you to pay into SS, just by virtue of having a job, so it's not really so unprecedented. Nah. Those are all just taxes. John Roberts says so. He's from the gov't, BTW. |
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Posted: 1/28/2014 11:37:55 AM EDT
[#37]
Quote HistoryQuoted:
People that choose to do so are free to buy them now. What value does Federal Government involvement and inevitably coercion add? Tax deferment? Will this wind up another forced benefit akin to Obamacare? If you aren't buying health insurance saving for your retirement you will be come a drain on the system, therefore the .gov will see to it you comply or pay the fine. President Obama (may fuck be upon him) is the embodiment of "I'm from the government and I'm here to help you fuck your life up". He is going to pimp an investment that loses money (return vs inflation), and do it to help us? Is everybody from Ames a lefty or government apologist because of the damn University there? Everybody I know from Ames is a commie. Quote HistoryQuoted:
Quoted:
Oh my God! People buying Treasury Bonds! The horror! People that choose to do so are free to buy them now. What value does Federal Government involvement and inevitably coercion add? Tax deferment? Will this wind up another forced benefit akin to Obamacare? If you aren't buying health insurance saving for your retirement you will be come a drain on the system, therefore the .gov will see to it you comply or pay the fine. President Obama (may fuck be upon him) is the embodiment of "I'm from the government and I'm here to help you fuck your life up". He is going to pimp an investment that loses money (return vs inflation), and do it to help us? Is everybody from Ames a lefty or government apologist because of the damn University there? Everybody I know from Ames is a commie. Class of ISU, 1995 here. But yeah, everyone I went to school with pretty much is a commie. |
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Posted: 1/28/2014 11:38:17 AM EDT
[#38]
Quote HistoryQuoted:
What are the 3 B's? Quote HistoryQuoted:
Quoted:
The trouble is that with Quantitative Easing, no one is buying US Treasuries except the Federal Reserve. The Chinese slowed down their buying and then sold more than they bought. I don't think they're buying any at all now and have been divesting themselves of dollar designated assets for tangibles (mineral rights, mines, farms, land, buildings) in their exit of the dollar. The US government wants to get more buyers and read that federal employees have had their 401Ks diverted to treasury bonds without their consent. In short, it's the sh*tz and when the world dumps the petro-dollar, you don't want to be left holding the bag. Get your 3 B's in order. What are the 3 B's? Beans, Bullets, and Bullion. |
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Posted: 1/28/2014 11:39:40 AM EDT
[#39]
Now all the obungo loving tards can put their money where their mouth is with their fervent faith in dear leader Hussein.
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Posted: 1/28/2014 11:40:19 AM EDT
[#40]
Yeah, this will end well.
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Posted: 1/28/2014 11:42:20 AM EDT
[#41]
Quote HistoryQuoted:
Not forever. Study what happened in Nazi Germany. At first, the Nazis worked with the large industrialists. Once they grew powerful enough that they didn't need the captains of industry, they discarded them, too. Much like the health insurance industry was hoodwinked and co-opted to pass Obamacare, the financial services industry will be taken in with promises of continued fees. Anyone who gets in bed with a tyrant deserves to get screwed. Quote HistoryQuoted:
Quoted:
While forced loans to governments have a long history, I wouldn't worry too much. Many people who are wealthy, important and powerful make a lot of money managing the assets in retirement funds. If the government were to try and cut off their access to that income, or even reduce that access, they would be unhappy. Politicians do not risk making wealthy, important and powerful people unhappy. Not forever. Study what happened in Nazi Germany. At first, the Nazis worked with the large industrialists. Once they grew powerful enough that they didn't need the captains of industry, they discarded them, too. Much like the health insurance industry was hoodwinked and co-opted to pass Obamacare, the financial services industry will be taken in with promises of continued fees. Anyone who gets in bed with a tyrant deserves to get screwed. I've been saying since before the 2012 election results that there WILL be a Hitler'ish genocide in this country before I reach middle age, if I make it that far. Everyone keeps calling me crazy because admitting that I'm right would force them to admit certain things that they don't want to. This is one of the few occasions where I will take no satisfaction in being right. But I am right, it's coming. There won't be an alternative. There will be too many useless mouths on the governments teats so the .gov will need to thin the herd so to speak. Start preparing with your friends now folks. Start thinking like criminals because before long you will have no choice but to.
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Posted: 1/28/2014 11:43:59 AM EDT
[#42]
I am off work tomorrow, and have a feeling I'm either going to pass out from bourbon consumption or stroke out during this sotu.
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Posted: 1/28/2014 11:45:47 AM EDT
[#43]
Quote HistoryQuoted:
Only a matter of time, my friend. It's or the good of the people, you know. Quote HistoryQuoted:
Quoted:
How long before they "reclaim" the funds in my 401(k)? Only a matter of time, my friend. It's or the good of the people, you know. Time to fleece the kulaks for the greater good  .
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Posted: 1/28/2014 11:46:16 AM EDT
[#44]
Quote HistoryQuoted:
In his defense guys, we can't just keep printing more money but we CAN stop spending it. |
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Posted: 1/28/2014 11:47:06 AM EDT
[#45]
Now think about how many people on here were talking about Erik Prince taking his money and going somewhere else. They're really going out of their way to make this place less and less attractive.........
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Posted: 1/28/2014 11:47:42 AM EDT
[#46]
Guaranteed 0.01% rate of return!
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Posted: 1/28/2014 11:49:05 AM EDT
[#47]
I'm going to watch this thread to see if any of the usual crowd shows up.
If they have the courage to do so. |
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Posted: 1/28/2014 11:49:22 AM EDT
[#48]
Quote HistoryQuoted:
I am off work tomorrow, and have a feeling I'm either going to pass out from bourbon consumption or stroke out during this sotu. I like what Rush has been calling it, the State of the Coup. |
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Posted: 1/28/2014 11:51:48 AM EDT
[#49]
Quote HistoryQuoted:
In his defense guys, we can't just keep printing more money In our defense, he can't just keep SPENDING it! |
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Posted: 1/28/2014 11:59:23 AM EDT
[#50]
Quote HistoryQuoted:
but we CAN stop spending it. Quote HistoryQuoted:
Quoted:
In his defense guys, we can't just keep printing more money but we CAN stop spending it. The Members of Congress CANNOT STOP SPENDING MONEY. In August 2011 Congress and the President agreed on modest reductions to the rate of annual increase in spending. Late last year, the Congress and the President agreed to abandon those modest reductions in the rate of increase. |
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