User Panel
Posted: 1/28/2014 10:23:54 AM EDT
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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...
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How long before they are made mandatory for members of the evil 'producing class'?
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Only a matter of time, my friend. It's or the good of the people, you know. View Quote View All Quotes View All Quotes Quoted:
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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. Yep, it's for the children. |
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Ultimate goal of the kleptocracy is seizure of pensions and 401(k)'s. This is a step in that direction. The libtards floated the idea of seizing 401(k)'s right after the 2008 meltdown.
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Wait a minute. Isn't that like investing in stock of a company you KNOW is heading down the tubes
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Feds buying fewer bonds...someone has to prop this shitheap up.
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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. |
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One of the comments from ZH:
"If you like your retirement account, you can keep your retirement account. With us." |
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It's one of the safest guaranteed ways to lose money. The interest rates being paid on T-bonds right now is nowhere near the inflation rate.
http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield |
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Meh- THIS amounts to nothing though I agree that eventually the scheme will be force US savers in the junk T-Bonds that will shortly thereafter be defaulted upon.
The OP's source seems worried that this signals the coming end of QE- IMO QE won't end. Japan started it 12 years ago... |
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Fbho! Thank bonds are a fucking nightmare to begin with. Wouldn't this mean you not only invest in something that's not going to give you interest, but you wouldn't be able to access in an emergency?
All this is going to be is a back door effort to nationalized 401ks. |
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The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams, according to three people briefed on the CFPB’s deliberations who asked not to be named because the matter is still under discussion. View Quote Then educate the people, not control them! |
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From Bloomberg:
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments. That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details. The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams, according to three people briefed on the CFPB’s deliberations who asked not to be named because the matter is still under discussion. Yes, because so many baby boomers are getting scammed by their Fidelity, Waddell & Reed, or Wells Fargo account reps. It's almost everyday that I read about some American Funds guy making off with $800,000 of some old lady in Syracuse's money. |
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Wondered how they were gonna fund Ocare..
Kicking the can is an art form in D.C. |
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It's like the people who worked for Enron, whose livelihoods depended on Enron remaining solvent and in business, investing all of their retirement money in..... Enron.
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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. |
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Who DIDN'T see this coming?
Show of hands please. Yeah, I thought so...fucking bastards. Nick |
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Another thing just occurred to me. What happens if the GOV determines you owe them a bunch of money in back taxes, some violation of some law, or something? Oh, no more account for you.
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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. |
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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. View Quote LOL, like insurance CEOs?? The managers will be "assured" a guaranteed income stream , just like the insurance fucktards who champion Husseincare. They will be all for it |
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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. View Quote 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. |
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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. View Quote Bingo. |
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Quoted: From Bloomberg: The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments. That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details. The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams, according to three people briefed on the CFPB’s deliberations who asked not to be named because the matter is still under discussion. Yes, because so many baby boomers are getting scammed by their Fidelity, Waddell & Reed, or Wells Fargo account reps. It's almost everyday that I read about some American Funds guy making off with $800,000 of some old lady in Syracuse's money. View Quote I know.
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Quoted: From Bloomberg: The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments. That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details. The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams, according to three people briefed on the CFPB’s deliberations who asked not to be named because the matter is still under discussion. Yes, because so many baby boomers are getting scammed by their Fidelity, Waddell & Reed, or Wells Fargo account reps. It's almost everyday that I read about some American Funds guy making off with $800,000 of some old lady in Syracuse's money. View Quote For some reason, I don't believe that is their actual goal. |
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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. View Quote View All Quotes View All Quotes Quoted:
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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. The big wigs at the insurance companies are NOT , repeat NOT going to get screwed. Oh the company they work for may well go out of business, the workers will get the shaft , but rest assured, the crony capitalists will be just fine. |
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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. View Quote Technically you belong to them too..If you are born here, you are a citizen and they "own" you to some extent.. Kinda counter to that "free person" thing.. but you really aren't. |
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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. View Quote Poverty for everyone (except politicians)!! Forward comrades!!! |
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Soon to be the only retirement investment allowed. .gov IRA's when you want the best! View Quote View All Quotes View All Quotes Quoted:
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Social Security part 2? Soon to be the only retirement investment allowed. .gov IRA's when you want the best! We aren't too far away from cash going the way of the dodo. Most people under 30 would be all for it too. |
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BHO will simply issue an executive order, like the worthless tin horn dictator wannabe he is. The Constitution means nothing to him, like raising the minimum wage. He does not have the power to spend money, only Congress, but why let a piece of paper get in the way.
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well. do we sell out and get our money from our investments or ??????????
answers here. enough questions and hypotheticals. what do we do??????? |
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I never heard about the Poland funds confiscation that occurred.
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In your defense, you're a liberal troll. OOPS, you probably should get a different lawyer. View Quote View All Quotes View All Quotes Quoted:
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In his defense guys, we can't just keep printing more money In your defense, you're a liberal troll. OOPS, you probably should get a different lawyer. I was wondering the same thing. Hey, I have a novel idea. How about we only spend what we take in, just like my house. If you don't have the money, you leave the item in the store. And, I guess if you don't want to work, I guess you starve to death. |
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I love this.
They are going to offer companies huge incentives to to offer this to employees. They are going to do everything they can to further the ponzi scheme. When it all comes crashing down oh hey, just like SS, Medicare, etc, etc, everyone is on the hook for the stupid decisions made by crooks. |
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Is it really that hard to see that something is wrong, or immoral... and just not do it?
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