Hello!,this is the exact reason Obama thinks we don’t have a spending problem,ha has said all along,we have the availability to cover these cost and the people didn’t understand what he meant!now you know!
he’s been taking money from here and there right under our noses,putting laws and regulations in place right where they need to be for future use,Dodd-Frank act-so when the time is right,he can say,we will do it under the law!!a law they(progressives)put into place.the gold and silver investors saw this coming a long time ago!they have been promoting this(buy gold)for a long time now.
Obama has taken money from military vets,from the military itself(under the disguise of cutting funds and joining bases together to save money)and he has taken 105 million(stolen)from one fund and just put it in the healthcare bill(which when it was found to be stolen,Obama simply said,”it’s not illegal,it a law now”and got away with it)he’s been putting his hand in the cookie jar the entire time he’s been in office,yet nothing,not a thing has been said or done,till now,because it’s your money for later in life.wake up or your gonna be too late to stop it(if your not already)he’s gonna pull all the stops out to get to this money,under his NWO,he believes it should be shared,and share he will,those of us who are retired(pension) or on social security and such,will get a big cut and those of you who are going to retire are in for the long haul in the work force,going to have to take at least a part time job!i think maybe Obama and his henchmen want us to work till you die or if you can’t work,they will assist you to pass away with dignity!(early even)only they know what’s up their sleeves!whatever it is,it ain’t good.

The consumer protection pain in the A** better worry about the baby boomers running their short pointless jobs and keep their nose out of baby boomers business were a hell of a lot smarter then morons that dream at their job, ill match my phd in economics over any ONE in the business… VINI VIDI VICI…

The US government is not interested in protecting citizens’ money. They are only interested in collecting citizens’ money.

Our greedy government is out of money and is eyeballing any money grabs that they can find to help keep the ridiculous promises that have been made. I’d love to see some journalist do the math and calculate just how long it takes the combined government presses to print a billion dollars.

I think the public would shocked to hear that the reality is that all the presses in the world couldn’t printed fast enough at the rate we are spending it. That’s why an electronic cashless society is inevitable.

I’m turning 62 this month, and I’m going to retire early. Actually, I haven’t been employed for a while, because I’m “overqualified” (read: “too old”) for the jobs I’ve sought. I’m going to clean out my Roth IRA to prevent the socialists from nationalizing it. I will likely lose some of it in penalties, but 75% of my savings is better than 0%. Besides, I see that it is about time to go back overseas and live the life of the expatriate. I have no doubt that currency controls will be implemented, such that I would not be able to receive monthly retirement payments sent out of the U.S. to me.

Anything, wheather precious metals, stocks, bonds, or anything government officals have their s–t hooks in can be nullified.Land is stll the best investment, you can grow your food, and have your shelter, if the mulim marxist and his democraps try and grab all private land or nationalize private businesses, I’ll bet on the average citizen to do some serious romping and stomping. A dime to the hole under the dog’s tailthe demorats will try this move inthe next few years. The present attitude of these facist/communists and the muslim marxist leading the brain dead voters, will sit on their thumbs, sucking on the other one, for orders.

This President needs to be impeached, the sooner, the better. We should then get rid of all of the Communists in his administration.

The american public would really be stupid to allow the government to manage their money in their IRA’s and 401K’s. Look at how well they did with social security. They raided the funds as soon as they felt they could justify it now Social security is looking at not being able to meet their obligation in th next decade. It is already being funded from the general funds. Tell your representative that you are smarter than the American government and you have your self interest driving you to do well. No to allowing the government take over of any retirement funds.

Bob: Gold has been confiscated by the U.S. Federal government before, hasn’t it?
IRA, 401-K money withdrawn with penalties could be confiscated anyway if
exchanged for gold, the U.S. goes back to the gold standard and needs all the
gold it can get. The only way to keep your retirement money for yourself is
to spend it, buy U.S. debt, or buy bonds and stocks.

This has been my one over=riding fear for the last three years since I first read about this so-called Professor Ghilarducci who says we are TOO STUPID? to manage our own affairs.
I have saved and slaved for years to build my nest egg and have also managed it very well, MYSELF thank you and am looking for ways to preserve this. IT IS MINE and MINE alone. In fact, without it I could NOT pay my rent! How dare they say they can do better!
Half would go to more bureaucrats to handle this and what would we get back? A pittance.
It is frightening as if we withdraw everything right now the rotten govt. would still win as they would get a tax windfall which I CANNOT AFFORD TO GIVE THEM. WHAT THEN?
Where could i go to live when the rent cannot be paid.
Of course, these ‘persons’ do not care at all as today we are no longer considered ‘persons’ but ‘units’ to be thrown around as they command.
Never did I believe that in the US this could happen.
A THIRD WORLD COUNTRY INDEED!
CAN WE FIGHT USING THE EHCR—-Human Rights Act?

I’ve heard of this happening in other countries, I believe one was Brazil, I don’t know about the other country(s). I’ve heard for a while now that the US Government wants to do the same. They say that we are just to stupid. I have a 401 that has, at the present, a rate of return of just over 9% since inception (just over 20 years). If I could have kept the money I paid into social security, I would have a hell of a lot more than I expect to get returned to me when I start collecting. I have just over a year before I turn 59 1/2. When the time comes, even though I’ll have a large tax bill, I’m taking my money. whether I put it under my matress, bury it in the back yard, or reinvest it in something the government can’t crontrol, I don’t know – but I do know if They try to take it – I won’t need it anymore since I’ll be rotting in prison.

From Axelweed, to Onumnutts, and all the demorat Party for decades,they all have been facists, registered communist, and marxist, dictator loving pukes, can n’t call them slugs, because slugs move really slow, and the dems and the muslim are on a fire race, the race to destroy USA.

in the end, all involved in our ILLEGAL gov’t, will HANG, but, stupid & gullible is right on the nose. if that was NOT a fact, someone would need to explain, why is a “lifelong communist, lifelong muslim, kenyan born indonesian citizen and undocumented illegal alien foreign exchange student, OUR POTUS”???? then, besides that, dude has NO RESUME for the job. oh yea, allow me to point out, that same illegal, is still POTUS, after 5 yrs of crimes against his oath and your constitution, IN YOUR FACE CRIMES!!! lucky for him, his propagandists deal directly with the stupid & gullible. civil war will make retirement worries, fade fairly fast. homeland security, lol, just got 12.5 million more rounds of ammo, ya think their gonna take over for our gutted military? like unnatural gay’s being the new natural, stupid and gullible is the new standard for the new american citizen.

Just waiting for the first shot to be fired and the civil war will begin

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Now let me see if I understand this correctly. A bunch of dumas azels that have gotten this country so far into debt it is constantly on the edge of the “cliff” is trying to tell me that they know better how to handle the life savings of someone who instead of creating enormous debt has actually managed to squirrel a little of thier earnings away in anticipation of their old age.
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Have I got that correct?
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I think the real problem here is that the powers that be are infuriated that average joe or jane, using establishment rules, has managed to circumvent thier conficatory practices and established his/her own security. AND they are PISSED

I had a gut feeling 10 years ago and transferred my 401(k) to an RSP (Canadian Equivalent) invested in the TSX (Canadian Stock Exchange) through TD (Canadian Trust – Toronto Dominion) bank where the U.S. Government can’t touch it. At that time, the Canadian dollar was worth $.85 U.S. Canada’s economy did not crash in 2008 like America’s and the Canadian dollar is now more valuable than the American to the point where I have made over 50% in dividends alone during that time. The U.S. Government is really going to be pissed when they try to come for my money.

“…worried that Americans, particularly those from the retiring baby boom generation, are too stupid and gullible to manage their own retirement savings…” Hey, what’s wrong with that? We don’t want those who retire to spend all their money before they die, for then the government won’t get their cut. If the government can mete out their money to them, let’s say to keep them barely above the poverty level, then when they die there will be plenty for the government to take. That’s just smart planning by the government, because someone has to pay for Obama’s out-of-control spending, so why not the retired people? (I hope people can recognize and understand a ‘Sarcasm’ when they read it)

My daughter works for the railroad. She called the other day all excited because the gov’t. is going after the R.R. retirement fund. I told her to get used to the real world. The gov. has been doing that to the rest of us for years. If there’s a pot of money out there they won’t rest until they control it.

Deja vu. In 1965, Jphnson raped the Social Security trust fund and “invested” the funds in non-negotiable non-interest bearing gvernment bonds (IOUs). The Social Security fund is currently worth 2.2 trillion dollars — all in useless government paper. Over the past 50 years, the gpvernment has continued to embezle money from all the retirement funds entrusted to their care totalling today to $80 trillion in defunded liabilities! 80 trillion dofars over 50 years is a rate of theft of $50,735 PER SECOND!!

gekruckeberg.com.

They are right about one thing. Many Americans are too stupid to wisely manage their own money, look at what happened with the housing crisis. People were refinancing their homes and buying ferarris (apparently they forgot that you still have to pay the money back). However, that’s no excuse for the government getting their hands on our money. The government has done an even worse job managing money than a 5 year old who discovered his dad’s credit card.

The 2010 Dodd-Frank Act needs to be repealed. It is a gov program that is chock full of regulations, which under the guise of helping the citizenry, only benefits the government.

We can turn it around, it will take effort on everyone’s part. If you ride motorcycles, you might be interested in a group that I’ve joined:
http://www.SonsOfLibertyRiders.com

It’s one threat after another. I’m so sick of this government crap I can hardly control my anger. When, when will this country wake up and kick these bums out of office and maybe out of this country. And they can take their 11 million undocumented citizens with them. I so sick of this sh t!

Is the U.S. Consumer Protection Bureau basing their assumption that people who put obama back into office can’t be trusted with anything important?

These fascist thieves and thugs will do anything to steal from American workers and retirees. They can’t even manage their own house without going trillions into debt. Leave us the f*** alone!