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Link Posted: 9/9/2013 5:39:00 AM EDT
[#1]
tick-tock
tick-tock
Link Posted: 9/9/2013 5:39:08 AM EDT
[#2]

Link Posted: 9/9/2013 5:40:09 AM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
This doesn't surprise me. The Poles have been living on borrowed funds ever since the fall of the Iron Curtain.
View Quote

Hey, so has America....
Link Posted: 9/9/2013 5:40:39 AM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
It's already happening here.

I believe it's the CT state employee pension funds. They are being reduced arbitrarily because the state doesn't have enough money coming in to fund its obligations.
View Quote



While no doubt unpleasant to the recipient, it is not at all the same.      State employee funds already depend upon the largess and whims of Government.

Link Posted: 9/9/2013 5:42:15 AM EDT
[#5]
I thought the poles were doing pretty good cause they didnt adapt the euro.

Posted Via AR15.Com Mobile
Link Posted: 9/9/2013 5:42:31 AM EDT
[#6]
Cliff notes

Gov. Sucking life out of citizens like a vampire.
Link Posted: 9/9/2013 5:42:59 AM EDT
[#7]
Almost game time.
Link Posted: 9/9/2013 5:44:44 AM EDT
[#8]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
The 'test case' was Cyprus and everyone (at least those government types with the accompanying media types) said something like, this will only happen here (Cyprus) - right .....................
Once a proven concept (which it is), is now possible to justify doing it anywhere given there are no 'laws' to prevent the confiscation - I mean reallocation - no, I mean theft - no, not right: probably mean restructuring of assets - shit, I know what I mean but do not have the words for it ..................
My personal 'action plan' is to pull my money out of an existing 401K plan I have and 'reallocate' the funds in prep items for our family.  Take that Team Fed
View Quote


Unless you have a working crystal ball or an inside man telling you when they are going to do it, the PTB will already have set the trap and you'll not be able to move your money.  it will be too late.

So either do it now (months or years too soon) or be too late.
Link Posted: 9/9/2013 5:45:10 AM EDT
[#9]
There is over 15 trillion in 401 k's. (I do not think that figure includes pension funds).
It is enough to wipe out our debt. Do not think for one second there are not libs salivating over taking this money and nationalizing it. Think of all the lazy people they could help.
Link Posted: 9/9/2013 5:45:55 AM EDT
[#10]
Build a Killdozer™
Link Posted: 9/9/2013 5:49:41 AM EDT
[#11]

Spending money you don't have, writ large.

The answer, of course, is to spend more and figure out a way to borrow more.
Link Posted: 9/9/2013 6:01:23 AM EDT
[#12]
This is the kind of thing that leads to war or revolution.
Link Posted: 9/9/2013 6:05:21 AM EDT
[#13]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I guess communism is a hard habit to break.
View Quote



So true it seems
Link Posted: 9/9/2013 6:05:48 AM EDT
[#14]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
There is over 15 trillion in 401 k's. (I do not think that figure includes pension funds).
It is enough to wipe out our debt. Do not think for one second there are not libs salivating over taking this money and nationalizing it. Think of all the lazy people they could help.
View Quote


15T in 401K's?  That is hard to believe.
Link Posted: 9/9/2013 6:07:39 AM EDT
[#15]
A lot of people don't seem to realize that the government is just trying to help.   That's what government does..it helps, helps people, helps businesses, helps other governments to help.  
Link Posted: 9/9/2013 6:08:52 AM EDT
[#16]
FPNI

Dont think they wont try that here.
Link Posted: 9/9/2013 6:35:14 AM EDT
[#17]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
There is over 15 trillion in 401 k's. (I do not think that figure includes pension funds).
It is enough to wipe out our debt. Do not think for one second there are not libs salivating over taking this money and nationalizing it. Think of all the lazy people they could help.
View Quote

And how much would they take over what period of time?  What's the "revolution threshold" for wealth confiscation?
Link Posted: 9/9/2013 6:38:03 AM EDT
[#18]
Extremely unpopular move...

Remember the current Prime minister is only in power because the former Prime minister (Who was a Euroskeptic) and much of the government was killed in a suspicous plane crash in Russia.

Ironically the current Prime minister is much closer to Russia politically.
Link Posted: 9/9/2013 6:40:46 AM EDT
[#19]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Coming soon
View Quote

A lot of conservatives/libertarians/patriots talk about gun confiscation as the possible kick-off to CW2/RW2.  Much more likely I see it as something like this.  Liberals have been trying to get at 401(k)'s for a while.  They mentioned it during the 2008 financial crisis, and it is still in their bag of tricks.  Cyprus did something similar in their banking bailout recently, and then the EU made it their official policy going forward.
Link Posted: 9/9/2013 6:45:15 AM EDT
[#20]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
There is over 15 trillion in 401 k's. (I do not think that figure includes pension funds).
It is enough to wipe out our debt. Do not think for one second there are not libs salivating over taking this money and nationalizing it. Think of all the lazy people they could help.
View Quote


Citation need on 15 trillion in 401(k)
Link Posted: 9/9/2013 6:45:40 AM EDT
[#21]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
This is the kind of thing that should leads to war or revolution.
View Quote


The more frightening prospect is that it won't.
Link Posted: 9/9/2013 6:46:20 AM EDT
[#22]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
A lot of people don't seem to realize that the government is just trying to help.   That's what government does..it helps, helps people, helps businesses, helps other governments to help.  
View Quote

They will help relieve you of that burdensome money and all the stress that goes with it and will also help you into your early grave, you know, so you don't have to live with the burden of being "old".
Link Posted: 9/9/2013 6:47:35 AM EDT
[#23]

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Quoted:


Coming soon
View Quote
No doubt our .gov will try to do it, eventually.

 


Link Posted: 9/9/2013 6:49:01 AM EDT
[#24]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


The more frightening prospect is that it won't.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
This is the kind of thing that should leads to war or revolution.


The more frightening prospect is that it won't.

not there it wont. those people dont have the same desire for OUR type of freedom.
Link Posted: 9/9/2013 6:50:29 AM EDT
[#25]
One day, you'll wake up to find  "Patriot Bonds" have replaced your assets inside of your 401K account.

To top it off, the libtards will increase taxes and print more money to pay the IOUs...

Between the bonds and high inflation, you'll be broke...
Link Posted: 9/9/2013 6:52:53 AM EDT
[#26]


Quoted:

http://www.zerohedge.com/news/2013-09-06/poland-confiscates-half-private-pension-funds-cut-sovereign-debt-load



TL,DR





  1. Government has too much debt to issue more debt


  2. Government nationalizes private pension funds making their debt holdings an "asset" and commingles with other public assets


  3. New confiscated assets net out sovereign debt liability, lowering the debt/GDP ratio


  4. Debt/GDP drops below threshold, government can issue more sovereign debt

View Quote


Look I can peer into the future...





5. Government has too much debt to issue more debt

6.
Government nationalizes private pension funds making their debt holdings an "asset" and commingles with other public assets

7.
New confiscated assets net out sovereign debt liability, lowering the debt/GDP ratio

8. Debt/GDP drops below threshold, government can issue more sovereign debt



etc...


Link Posted: 9/9/2013 6:53:42 AM EDT
[#27]
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Quoted:
Shit like that is truly cause for the shooting to begin. Sad to see this happen in Poland.
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Please.  If something were to "cause the shooting to begin", it would've happened by now.  By and large, the vast overwhelming number of people in this country are too worried about
themselves to care about when something happens to somebody else to stand up and put what they're earned/created at risk.  The time for the "shooting to begin" would've been like 20-30 years ago (if it were going to happen).
Now, we're in the death throes of our country as we knew it.  With the tremendous size of the government---we're dying of 10,000,000 paper cuts.  Each little cut, people get pissed---then forget  about it and go back to work.
All the while, your children are getting acclimatized to more of the same courtesy of our academic institutions and the public school system.  The day has already arrived where these kids will have no common frame of reference when you
talk about limited government, freedom, and liberty.

Too little, much too late.  There will be no shooting.  No resistance.  Just a bunch of people jailed...and a bunch of more people who decide that they don't want to be jailed,
so they give up.   Not with a bang---but a whimper, as it were.  Sorry...had to say it.
Link Posted: 9/9/2013 6:54:43 AM EDT
[#28]
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Quoted:

not there it wont. those people dont have the same desire for OUR type of freedom.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Quoted:
This is the kind of thing that should leads to war or revolution.


The more frightening prospect is that it won't.

not there it wont. those people dont have the same desire for OUR type of freedom.


You don't know shit.

You are talking about a people who voted communism out in rigged elections and made them stick while under the watch of the politburo.

I can tell you this is going over poorly and it's causing a lot of people to look at the death of the former government in a lot more critical a light.
Link Posted: 9/9/2013 6:59:00 AM EDT
[#29]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
There is over 15 trillion in 401 k's. (I do not think that figure includes pension funds).
It is enough to wipe out our debt. Do not think for one second there are not libs salivating over taking this money and nationalizing it. Think of all the lazy people they could help.
View Quote


There is 17.9 trillion in total retirement savings of which 69% is in tax advantage accounts of one kind or another.  Seizing it to pay off debt is unlikely as inflation works just as well.
Link Posted: 9/9/2013 6:59:49 AM EDT
[#30]
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Quoted:


15T in 401K's?  That is hard to believe.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
There is over 15 trillion in 401 k's. (I do not think that figure includes pension funds).
It is enough to wipe out our debt. Do not think for one second there are not libs salivating over taking this money and nationalizing it. Think of all the lazy people they could help.


15T in 401K's?  That is hard to believe.


ICI fact book, I have my copy where is yours
Link Posted: 9/9/2013 7:01:36 AM EDT
[#31]
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Quoted:


Your government will most likely devalue the USD. It's more sneaky, but the end result is the same.
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Quoted:
Quoted:
Of course, this could never happen here.

Our Socialists are different from their Socialists.

Right, knuckleheads?


Your government will most likely devalue the USD. It's more sneaky, but the end result is the same.


in theory the investments would match inflation, unless is cash retirements which no one has.
Link Posted: 9/9/2013 7:04:50 AM EDT
[#32]
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Quoted:


in theory the investments would match inflation, unless is cash retirements which no one has.
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Quoted:
Quoted:
Quoted:
Of course, this could never happen here.

Our Socialists are different from their Socialists.

Right, knuckleheads?


Your government will most likely devalue the USD. It's more sneaky, but the end result is the same.


in theory the investments would match inflation, unless is cash retirements which no one has.


What are you talking about, half of ARFCOM stuffs cash under the mattress and buys PM's.

Some invest in beans and toilet paper too.
Link Posted: 9/9/2013 7:05:00 AM EDT
[#33]
Not surprised they have been going Socialist full retard ever since 1919 with Comrade Plidutski at the lead.

Socialist Pig be socialist.
Link Posted: 9/9/2013 7:06:35 AM EDT
[#34]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Your government will most likely devalue the USD. It's more sneaky, but the end result is the same.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Of course, this could never happen here.

Our Socialists are different from their Socialists.

Right, knuckleheads?


Your government will most likely devalue the USD. It's more sneaky, but the end result is the same.


Correct, but the strategy to protect against it is vastly different.  Most people miss that part.
Link Posted: 9/9/2013 7:09:27 AM EDT
[#35]
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Quoted:
Not surprised they have been going Socialist full retard ever since 1919 with Comrade Plidutski at the lead.

Socialist Pig be socialist.
View Quote


More like Nationalist... He very explicitly disavowed Socialism after using it to get to his desired endstate (Poland existing as a nation after a century of subjugation) and then told Socialism to piss off.

Comrades, I took the red tram of socialism to the stop called Independence, and that's where I got off. You may keep on to the final stop if you wish, but from now on let's address each other 'Mister' [rather than continue using the socialist term of address, 'Comrade']! Józef Pilsudski (1867 - 1935). Poland.gov. Retrieved on April 23, 2006.

Here are some more qoutes that show that he used socialism and communism as political manuevering, and had no fondness for them,

Poland can have nothing to do with the restoration of the old Russia. Anything rather than that – even Bolshevism. Joseph Pilsduski. Interview by Dymitr Merejkowsky, 1921. Translated from the Russian by Harriet E. Kennedy, B.A., London & Edinburgh, Sampson Low, Marston & Co., Ltd., 1921. Quoted from this site.


Bolshevism is a disease which is peculiar to Russia. It will never grow deep roots in any countries which are not entirely Russian. Aleksandra Pilsudski, Memoirs of Madame Pilsudski, 1940
Link Posted: 9/9/2013 7:13:16 AM EDT
[#36]
Cypress was the petri dish, a little experiment, if you will, to see just how docile people have become.

I said this somewhere before, we will have a war in Syria, and possibly Iran, before we have a budget under this administration.  Remember how this year kicked off, a dog and pony budget show that never amounted to anything save a small credit downgrade?

On a more broad scale, world wide economies are either crashing or rapidly declining.  No nation is coming out of this unscathed, not even China even though they are a little better to do than the rest.  Our nation is one of the biggest contributors to the financial decline, if not the biggest but yet you see the smaller nations being robbed blind.  

Put your tin foil hats on with me and come for a ride...

Say this is some giant evil scheme, would you take the people (USA) that are likely most willing to fight and certainly capable, speaking about availability of arms and improvised munitions or would you start with the smaller, weaker nations? (/tinfoil)

Really, more than anything, I think this boils down to "We screwed the pooch but are too arrogant and addicted to power to admit it and just do the right thing." scenario.  It is of my opinion that no matter which way you look at it is no good.
Link Posted: 9/9/2013 7:13:19 AM EDT
[#37]
"We're taking your pensions and spending them, while at the same time, borrowing more money against them."


Great. Plan.
Link Posted: 9/9/2013 7:15:14 AM EDT
[#38]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


More like Nationalist... He very explicitly disavowed Socialism after using it to get to his desired endstate (Poland existing as a nation after a century of subjugation) and then told Socialism to piss off.

Comrades, I took the red tram of socialism to the stop called Independence, and that's where I got off. You may keep on to the final stop if you wish, but from now on let's address each other 'Mister' [rather than continue using the socialist term of address, 'Comrade']! Józef Pilsudski (1867 - 1935). Poland.gov. Retrieved on April 23, 2006.

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Quoted:
Quoted:
Not surprised they have been going Socialist full retard ever since 1919 with Comrade Plidutski at the lead.

Socialist Pig be socialist.


More like Nationalist... He very explicitly disavowed Socialism after using it to get to his desired endstate (Poland existing as a nation after a century of subjugation) and then told Socialism to piss off.

Comrades, I took the red tram of socialism to the stop called Independence, and that's where I got off. You may keep on to the final stop if you wish, but from now on let's address each other 'Mister' [rather than continue using the socialist term of address, 'Comrade']! Józef Pilsudski (1867 - 1935). Poland.gov. Retrieved on April 23, 2006.




"When the Chjeno-Piast coalition, which Pilsudski had strongly criticized, formed a new government,[21] on 12–14 May 1926, Pilsudski returned to power in a coup d'état (the May Coup), supported by the Polish Socialist Party, Liberation, the Peasant Party, and even the Polish Communist Party.[115] Pilsudski had hoped for a bloodless coup, but the government had refused to back down;[116] 215 soldiers and 164 civilians had been killed, and over 900 persons had been wounded.[117]"
Link Posted: 9/9/2013 7:16:00 AM EDT
[#39]
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Quoted:
Coming soon
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They'd better refurbish the Greenbrier and add some accommodations. They won't be coming home to face their constituents.

Remember this guy?



A walk in the park compared to what's coming.
Link Posted: 9/9/2013 7:16:19 AM EDT
[#40]
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Quoted:
And people wonder why I don't want to open a retirement account.
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I still wonder why you wouldn't open a retirement account.  Anything which can be owned, can be stolen.  Both gold and land have been stolen by our government in the past.

The correct defense against catastrophic loss is diversification, not specialization.  You should own stocks, you should own bonds, you should own gold, you should own land.  If they steal one, you've still got the other three.  If they steal all, then you are no worse off than if you had just concentrated on one particular asset class.

Besides, as has been discussed in this thread, the most likely scenario is that they'll steal wealth via inflation.  If this is the case, then stocks held in a tax advantaged retirement account will be one of the BEST possible hedges against it.  Stocks inflate just like cash because they are valued based on earnings.  If Coca Cola starts selling $10 cokes due to 70's/80's style inflation, their earnings will inflate in kind and thus the dollar value of your investment.

The worst thing that could happen to a guy like you is that shit doesn't hit the fan and all of a sudden you reach old age without a pot to piss in because you were so worried about SHTF that you had no plan for SDHTF.
Link Posted: 9/9/2013 7:18:13 AM EDT
[#41]
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Quoted:

What are you talking about, half of ARFCOM stuffs cash under the mattress and buys PM's.

Some invest in beans and toilet paper too.
View Quote


Beans, toliet paper, no-label alcohol, ammo.

#investmentdiversification
Link Posted: 9/9/2013 7:19:37 AM EDT
[#42]
Link Posted: 9/9/2013 7:21:08 AM EDT
[#43]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

"When the Chjeno-Piast coalition, which Pilsudski had strongly criticized, formed a new government,[21] on 12–14 May 1926, Pilsudski returned to power in a coup d'état (the May Coup), supported by the Polish Socialist Party, Liberation, the Peasant Party, and even the Polish Communist Party.[115] Pilsudski had hoped for a bloodless coup, but the government had refused to back down;[116] 215 soldiers and 164 civilians had been killed, and over 900 persons had been wounded.[117]"
View Quote


After the coup[edit source]

Pilsudski had no plans for major reforms; he quickly distanced himself from the most radical of his left-wing supporters, declaring that his coup was to be a "revolution without revolutionary consequences".[21] His goals were to stabilize the country, reduce the influence of political parties, which he blamed for corruption and inefficiency, and strengthen the army.[21][118] His role in the Polish government over the subsequent years has been called a "dictatorship" by some sources or a "quasi-dictatorship".[60]

The guy used leftism, martialism, sarmatianism, etc whatever at varying times to try and create a nation state which could survive in proximity to his neighbors, in time and in turn he abandoned every radical who he used.

You can tell by how the communists reacted to his death.

"By 1935, unbeknown to the public, Pilsudski had for several years been in declining health. On 12 May 1935, he died of liver cancer at Warsaw's Belweder Palace. The celebration of his life had begun spontaneously within half an hour after his death had been announced.[162] It was led by military personnel — former Legionnaires, members of the Polish Military Organization, veterans of the wars of 1919–21, and his political collaborators from his time as Chief of State and, later, prime minister and the general inspector.[2]

The Polish Communist Party immediately attacked Pilsudski as a fascist and capitalist,[2] despite the fact that fascists themselves did not see him this way.[163] Other opponents of the Sanation regime, however, were more civil; socialists (such as Ignacy Daszynski and Tomasz Arciszewski) and Christian Democrats (represented by Ignacy Paderewski, Stanislaw Wojciechowski and Wladyslaw Grabski) expressed condolences. The peasant parties split in their reactions (Wincenty Witos voicing criticism of Pilsudski, but Maciej Rataj and Stanislaw Thugutt being supportive), while Roman Dmowski's National Democrats expressed a toned-down criticism.[2]"

Being called a capitalist upon death by the communist party is not the hallmark of a true believer. He used them and they knew it.
Link Posted: 9/9/2013 7:22:23 AM EDT
[#44]
Typical communism/socialisim, they are running out of other people's money to spend.
Link Posted: 9/9/2013 7:25:16 AM EDT
[#45]
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Quoted:
http://www.thenewamerican.com/economy/markets/item/14813-panic-grips-europe-as-cyprus-eu-and-imf-confiscate-savings

Panic Grips Europe as Cyprus, EU, and IMF Confiscate Savings




Panic-stricken bank depositors in Cyprus emptied ATM machines across the nation after the surprise announcement Saturday that, as part of an extremely controversial European Union and International Monetary Fund bailout deal, authorities would seize up to 15 percent of all savings deposited in Cypriot banks. Markets across Europe plunged as fears of contagion or even a large-scale bank run in the region plagued investors, with the single euro currency falling to multi-month lows and gold rising back above $1,600 following news of the $13 billion scheme.

------------------------

Across the EU, however, the brazen confiscation of hard-earned savings was met with a mixture of seething anger and outright terror — fury over the confiscation of wealth that has already been taxed, and fear that similar plots could be hatched in countries such as Greece, Italy, Spain, Portugal, or even in Northern Europe. Top officials have declined to say whether the "tax” on deposits could be forced on other nations, too.  

On Saturday, euro-area ministers group President Jeroen Dijsselbloem, for example, refused to rule out similar "taxes” — critics are calling it outright theft — in other nations with governments drowning in debt. He did say, however, that such "taxation” schemes were not currently being considered beyond Cyprus, at least not yet.

---------------------------

In Cyprus, citizens reacted with disbelief as protesters gathered in front of the presidential palace while outraged victims of the scheme sought to smash their way into shuttered banks. "They shouldn’t touch the deposits. They’re just killing the people,” an unemployed construction worker named Miltiades Papamiltiades, 58, told the English-language Cyprus Mail. "No-one will ever deposit money again into the banks on the island. It is the end of our economy.”



The Ruskies lost out big on that deal. This Russia/Cyprus relationship was promotoed as safe place to park their money. Nothing is better than the old fashion US Green-back.
Link Posted: 9/9/2013 7:26:00 AM EDT
[#46]
I don't think they will go after the entire pie like Poland. Small slices to reduce the potential backlash. After all, they have careers to worry about. Something like a universal banking or transaction fee for $x a month. They tacked it onto cell phones and people can't buy them fast enough. Nutrition tax on fast food.. shit like that.
Link Posted: 9/9/2013 7:26:31 AM EDT
[#47]
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Quoted:
Build a Killdozer™
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You know, that is on my list of things to do this week.....
Link Posted: 9/9/2013 7:28:12 AM EDT
[#48]
Dot.Gov has no need to confiscate retirement accts here
They can just hit some buttons on a computer to make more money
Link Posted: 9/9/2013 7:39:12 AM EDT
[#49]
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Quoted:

Spending money you don't have, writ large.

The answer, of course, is to spend more and figure out a way to borrow more.
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The liberals want to borrow more money to spend our way out of this current recession.
Link Posted: 9/9/2013 7:40:37 AM EDT
[#50]
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Quoted:


I still wonder why you wouldn't open a retirement account.  Anything which can be owned, can be stolen.  Both gold and land have been stolen by our government in the past.

The correct defense against catastrophic loss is diversification, not specialization.  You should own stocks, you should own bonds, you should own gold, you should own land.  If they steal one, you've still got the other three.  If they steal all, then you are no worse off than if you had just concentrated on one particular asset class.

Besides, as has been discussed in this thread, the most likely scenario is that they'll steal wealth via inflation.  If this is the case, then stocks held in a tax advantaged retirement account will be one of the BEST possible hedges against it.  Stocks inflate just like cash because they are valued based on earnings.  If Coca Cola starts selling $10 cokes due to 70's/80's style inflation, their earnings will inflate in kind and thus the dollar value of your investment.

The worst thing that could happen to a guy like you is that shit doesn't hit the fan and all of a sudden you reach old age without a pot to piss in because you were so worried about SHTF that you had no plan for SDHTF.
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Quoted:
Quoted:
And people wonder why I don't want to open a retirement account.


I still wonder why you wouldn't open a retirement account.  Anything which can be owned, can be stolen.  Both gold and land have been stolen by our government in the past.

The correct defense against catastrophic loss is diversification, not specialization.  You should own stocks, you should own bonds, you should own gold, you should own land.  If they steal one, you've still got the other three.  If they steal all, then you are no worse off than if you had just concentrated on one particular asset class.

Besides, as has been discussed in this thread, the most likely scenario is that they'll steal wealth via inflation.  If this is the case, then stocks held in a tax advantaged retirement account will be one of the BEST possible hedges against it.  Stocks inflate just like cash because they are valued based on earnings.  If Coca Cola starts selling $10 cokes due to 70's/80's style inflation, their earnings will inflate in kind and thus the dollar value of your investment.

The worst thing that could happen to a guy like you is that shit doesn't hit the fan and all of a sudden you reach old age without a pot to piss in because you were so worried about SHTF that you had no plan for SDHTF.


Thanks for the voice of reason.
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