401k Fracking

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December 5, 2013

Obama's Plan to Snatch Your Savings

By Jeffrey Folks

In his first term, Obama managed to get his paws on health care, banking, energy, student loans, the auto business, and more.  Now he has his sights set on your 401(k).

The left has had its eye on retirement savings for years, but so far takeover attempts have been rebuffed.  One egregious attempt was the proposal, following the 2010 financial crisis, to "safeguard" retirement savings by requiring that they be rolled over into Treasury bonds.  Had this legislation succeeded, it would have appropriated all or part of the retirement savings of millions of Americans.  The funds would have been used to finance further expansion of government.  In return, savers would have received a promissory note from the federal government similar that issued by the Social Security Trust Fund.

Needless to say, most investors were not keen to convert their savings into Treasury obligations -- or, to be more precise, into an unsecured note promising a return approximating that of Treasury bonds.  That is because, as with every other endeavor, government's management of retirement savings (aka Social Security) has been a disaster.

Those who believe that Social Security has done a good job of investing their savings are greatly mistaken.  Over the past 200 years, the real, inflation-adjusted return of the U.S. stock market has been 7%.  Had one invested $100,000 in the U.S. market in 1802, one's total return after inflation (or that of oneself and one's descendants) would have been more than $100 billion.  By comparison, investment in government Treasury bills would have yielded approximately $50 million.  (Figures are extrapolated from John C. Bogle's Common Sense on Mutual Funds.)....

Article

Like I say, I told you so

So, the drowning man escaping King Solomon's Mine would not let go of his new found wealth and was drowned.

One Target of the Failed State: Gold

President Roosevelt, 1933:

''By virtue of the authority vested in me by Section 5(B) of The Act of Oct. 6, 1917, as amended by section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; That the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people. ''Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited,.....

“If it gets bad enough, they’ll declare a national economic emergency. 

They’ll take over the banks, all business and industry. They may even try to confiscate our gold. I served on the Gold Commission for eight or nine months while I was in Congress along with fifteen other members. 

I brought up the subject of confiscation. The power to confiscate gold is still on the books as the law of the land. I urged the full Commission to recommend Congress repeal the power to confiscate gold in an economic emergency. We pushed it to a vote and I was the only one that voted to recommend to Congress that we never again contemplate taking the gold of the American people. The fifteen other mem- bers voted it down. 

The power is still there on the books, and they can do it any time they wish.’’

–Ron Paul, discussing gold confiscation-

 Background on Gold and Confiscation (its a sales pitch)

This current gang running our turf would decide, as did Roosevelt, that owning gold is a grave threat to peace and "equal justice"....   Equal justice, sound familiar?

The Clock is Ticking

First glimpse, picked up in an article by Irene.  

Most people are not sensitive to reality.  Here, the Illinois, note the state, Senate wants all gold and silver transactions registered.  Only a true believe would deny it is in anticipation of confiscation.  

Unless, gold bars are a dangerous weapon to control.  At the same time, the controllers want to take guns, permit the army to arrest you in the U.S., turn off the Internet, and militarize the local cops. 

All I can say, a word to the wise is sufficient.  Also, start to wonder about what is really going on in Sandy Hook.  The whole affair smells like Kristall Nacht.  Check it out.

Buy silver coins as soon as possible. Price is favorable.

Oh, why Illinois?  Where else would the Obama team test the waters for preparing a confiscation, which is mandatory considering our slow motion financial collapse? 

Just read that if Americans were taxed, all of us, not the millionaires and billionaires, at a 100% rate, we would still have to borrow money to carry our debt.  We are done and only the ostrich can't see the avalanche. We have sold our heirs into slavery. Have a nice day.

Your current wealth is no longer yours, it belongs to banks, etc. What you think you have is being transferred by devaluing your dollar daily. Of course, you don't see inflation as the government numbers do not include energy or food. Word to the wise.... Duh!  If you are still a true believer, then 7.7% of us are unemployed.

The slow motion is done on purpose of course.  Still, we are only down the road a bit from Greece and Cyprus. 

 There is no point trying to convince, just a reminder to do something:  seeds, silver, and stores.  Hey, I like that.  Feel free to use it. There is only a vague chance the nation we grew up in will remain.  The Wilson fascism only ended because fate gave us Coolidge.  

WND-TV

NEW BILL REQUIRES GOLD AND SILVER REGISTRATION

The slippery slope to confiscation has begun.

Gold and silver buyers could soon have to register with the state of Illinois.

Rick Santelli provides an update on legislation that requires every gold and silver transaction to be registered with the State. Here are the basics. The bill, officially called SB-3341, was introduced in 2012, immediately passed the Illinois Senate and is now awaiting action by the House.

Read more at http://www.wnd.com/wnd_video/new-bill-requires-gold-and-silver-registration/#tkXOhhOOF6OweZgh.99