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Posted: 1/28/2014 10:24:43 AM EDT
[#1]
How long before they "reclaim" the funds in my 401(k)?
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Posted: 1/28/2014 10:25:27 AM EDT
[#2]
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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Posted: 1/28/2014 10:25:30 AM EDT
[#3]
Social Security part 2?
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Posted: 1/28/2014 10:26:16 AM EDT
[#4]
Quote HistoryQuoted:
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. |
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Posted: 1/28/2014 10:26:42 AM EDT
[#5]
Quote HistoryQuoted: Social Security part 2? |
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Posted: 1/28/2014 10:26:47 AM EDT
[#6]
How long before they are made mandatory for members of the evil 'producing class'?
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Posted: 1/28/2014 10:27:04 AM EDT
[#7]
In his defense guys, we can't just keep printing more money
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Posted: 1/28/2014 10:27:44 AM EDT
[#8]
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. Yep, it's for the children. |
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Posted: 1/28/2014 10:28:02 AM EDT
[#9]
My passport is current. Thank God.
 |
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Posted: 1/28/2014 10:28:28 AM EDT
[#10]
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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Posted: 1/28/2014 10:28:44 AM EDT
[#11]
Wait a minute.
 Isn't that like investing in stock of a company you KNOW is heading down the tubes
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Posted: 1/28/2014 10:28:50 AM EDT
[#12]
Feds buying fewer bonds...someone has to prop this shitheap up.
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Posted: 1/28/2014 10:30:11 AM EDT
[#13]
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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Posted: 1/28/2014 10:30:39 AM EDT
[#14]
One of the comments from ZH:
"If you like your retirement account, you can keep your retirement account. With us." |
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Posted: 1/28/2014 10:30:54 AM EDT
[#15]
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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Posted: 1/28/2014 10:33:18 AM EDT
[#16]
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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Posted: 1/28/2014 10:34:20 AM EDT
[#17]
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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Posted: 1/28/2014 10:37:16 AM EDT
[#18]
Quote HistoryQuoted:
How long before they are made mandatory for members of the evil 'producing class'? Bingo. Baby steps, baby steps. |
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Posted: 1/28/2014 10:38:19 AM EDT
[#19]
Quote HistoryQuoted:
Wait a minute. Isn't that like investing in stock of a company you KNOW is heading down the tubesIt isn't like that. It is that. Think of it as if you were a GM non-union employee in 2008, and your only 401(k) investment option was...GM stock. |
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Posted: 1/28/2014 10:38:41 AM EDT
[#20]
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. Then educate the people, not control them! |
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Posted: 1/28/2014 10:38:48 AM EDT
[#21]
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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Posted: 1/28/2014 10:39:20 AM EDT
[#22]
Wondered how they were gonna fund Ocare..
Kicking the can is an art form in D.C. |
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Posted: 1/28/2014 10:39:20 AM EDT
[#23]
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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Posted: 1/28/2014 10:41:24 AM EDT
[#24]
This is a BAD sign..
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Posted: 1/28/2014 10:41:32 AM EDT
[#25]
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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Posted: 1/28/2014 10:41:47 AM EDT
[#26]
Who DIDN'T see this coming?Show of hands please. Yeah, I thought so...fucking bastards.  Nick |
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Posted: 1/28/2014 10:42:20 AM EDT
[#27]
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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Posted: 1/28/2014 10:43:07 AM EDT
[#28]
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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Posted: 1/28/2014 10:43:26 AM EDT
[#29]
Quote HistoryQuoted: One of the comments from ZH: "If you like your retirement account, you can keep your retirement account. With us." Exactly. |
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Posted: 1/28/2014 10:45:30 AM EDT
[#30]
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. 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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Posted: 1/28/2014 10:46:08 AM EDT
[#31]
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. 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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Posted: 1/28/2014 10:47:05 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. |
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Posted: 1/28/2014 10:47:49 AM EDT
[#33]
Quote HistoryQuoted: 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. I know.
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Posted: 1/28/2014 10:49:17 AM EDT
[#34]
Oh my God! People buying Treasury Bonds! The horror!
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Posted: 1/28/2014 10:49:29 AM EDT
[#35]
What will be printed on it? No faith and bad credit?
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Posted: 1/28/2014 10:49:44 AM EDT
[#36]
Quote HistoryQuoted: 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. For some reason, I don't believe that is their actual goal.  |
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Posted: 1/28/2014 10:50:06 AM EDT
[#37]
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. 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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Posted: 1/28/2014 10:50:26 AM EDT
[#38]
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. 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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Posted: 1/28/2014 10:51:13 AM EDT
[#39]
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. Poverty for everyone (except politicians)!! Forward comrades!!! |
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Posted: 1/28/2014 10:52:57 AM EDT
[#40]
Quote HistoryQuoted:
Social Security part 2? Soon to be the only retirement investment allowed. .gov IRA's when you want the best! |
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Posted: 1/28/2014 10:53:34 AM EDT
[#41]
Quote HistoryQuoted:
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. |
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Posted: 1/28/2014 10:53:50 AM EDT
[#42]
Quote HistoryQuoted:
Soon to be the only retirement investment allowed. .gov IRA's when you want the best! Quote HistoryQuoted:
Quoted:
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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Posted: 1/28/2014 10:55:32 AM EDT
[#43]
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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Posted: 1/28/2014 10:56:54 AM EDT
[#44]
If Obama had a Ponzi Scheme
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Posted: 1/28/2014 10:57:14 AM EDT
[#45]
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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Posted: 1/28/2014 11:00:36 AM EDT
[#46]
I never heard about the Poland funds confiscation that occurred.
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Posted: 1/28/2014 11:00:48 AM EDT
[#47]
Quote HistoryQuoted:
In your defense, you're a liberal troll. OOPS, you probably should get a different lawyer. Quote HistoryQuoted:
Quoted:
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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Posted: 1/28/2014 11:02:05 AM EDT
[#48]
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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Posted: 1/28/2014 11:04:08 AM EDT
[#49]
Invest in lead and steel
/end thread 
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Posted: 1/28/2014 11:04:42 AM EDT
[#50]
Is it really that hard to see that something is wrong, or immoral... and just not do it?
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