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Business/Finance See other Business/Finance Articles Title: Target for Confiscation: Your Savings & Retirement Target for Confiscation: Your Savings & Retirement Written by Damon Geller The U.S. government and the Fed pumped trillions of dollars of YOUR money into the banks and stock market over the last several years, catapulting the U.S. debt to $28 trillion by 2018. But now, the U.S. government and the Fed are completely out of ammo, with the Fed no longer able to buy U.S. treasuries. They desperately need money to maintain their own power, and taxes are not enough. So in order to keep the Ponzi scheme going, the U.S. government has made several highly controversial moves to make your savings & retirement accounts a prime target for confiscation. And it’s becoming clearer by the day, if you want to protect your savings and wealth from government confiscation, you only have ONE choice. The Bankrupt Government's Motto: Feed Me Government officials don’t produce anything. They only feed off of those who do. They certainly don’t produce wealth; they only redistribute YOUR wealth. And when government officials cannot meet their obligations or fulfill the promises they made to the public, they figure out ways to appropriate the public’s money to fund their projects. Desperate government officials will always resort to expropriation, be it through inflation, debt accumulation or deficit. With the Federal Reserve currently buying 90% of the U.S. Treasury market (and going insolvent doing so), who do you think the government will lean on to pick up the slack? The answer is YOU. In fact, the U.S. government has made several highly controversial moves to make your savings & retirement accounts a prime target for confiscation! They’re using legislation and authoritarian power in collusion with the modern financial system to gain access to your private assets in the name of “protection”, “security” or “national emergency.” But in reality, your savings & wealth are being targeted as a revenue source. So Here's the Plan The government is already making moves to nationalize retirement accounts like IRAs, 401Ks, pensions, 403Bs, as well as savings accounts worldwide. You will soon be forced to use a portion of your savings & retirement to purchase U.S. government debt – debt that will ultimately default, as it is not possible to sustain our astronomical debt nor the deficits that create it. How can they do this? Well, the “beauty” of the modern financial system – to a banker or an insolvent government – is the ease at which they can access your wealth with the stroke of a computer or a new law or tax. For starters, the July 1st FATCA provision requires foreign financial institutions such as banks, stock brokers, hedge funds, pension funds, insurance companies, and trusts to report all U.S. citizens’ accounts directly to the IRS. FATCA even requires reporting to the IRS by foreign private companies on any income made by a citizen of the U.S. whether they live here or not. Second, Obama announced the creation of the MyRA – your retirement money will now be used to pay for U.S. debt. The MyRA is nothing more than an investment scam being sold to the American people as a you-can’t-lose, zero-risk investment by the pitchman-in-chief himself. And third, the Financial Industry Regulatory Authority, which oversees how investments are sold, proposed what it calls CARDS – Comprehensive Automated Risk Data System – which is an electronic system that will regularly collect data on balances and transactions in all 4100 brokerages nationwide. So for the first time ever, The U.S. government is directing you where to invest your savings & retirement and has gained full access to the activity in every single citizen’s bank accounts, retirement accounts, brokerage accounts and trading accounts. The IRS will also have full visibility on any oversees accounts, income, equity or other earnings, effectively giving them access to all the wealth of every American citizen no matter where they reside on earth. So now that we know what they’re doing and why they’re doing it, the question for you is: what are you doing to safeguard your savings & wealth? Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 3.
#2. To: BTP Holdings (#0)
I still put a lot of money in my 401K. The way I figure, if they are going to steal it all anyway, may as well be 200K as 20K, and if they get caught I'm closer to the head of the line with the rope.
I'd buy all the rope you need to string 'em up. ;)
There are no replies to Comment # 3. End Trace Mode for Comment # 3.
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