Consumer Protection Bureau Eyeing U.S. Retirement Funds
February 8, 2013 by Bob Livingston
The U.S. Consumer Protection Bureau says it is worried that Americans, particularly those from the retiring baby boom generation, are too stupid and gullible to manage their own retirement savings and is exploring whether it has the “authority” to “manage” people’s retirement funds.
There is $19.4 trillion in the pension funds, 401(k)s and individual retirement accounts (IRAs) of Americans. The psychopaths in government have had their eyes on those funds for years. Confiscating that money and exchanging it for more government phony money would stave off collapse for a while longer. While the money is supposedly yours, government has so regulated it that you can’t really have it until you reach a magical age it established.
In reality, the legislation setting up IRAs and other retirement vehicles was designed to prop up a failing stock market and transfer wealth to the bankster mob. Now they want to break into your piggy bank.
“The Securities and Exchange Commission and the Department of Labor are the main regulators of U.S. retirement savings vehicles and funds. However, the consumer bureau — established by the 2010 Dodd-Frank Act — sees itself as a potential catalyst for promoting a coherent policy across the government, three anonymous people briefed on the discussions told Bloomberg.
If you haven’t already, it’s time to consider taking the penalty and removing your money from the hands of the bankster mob and buy real money: gold and silver. But don’t buy funds or promises of gold and silver. Buy the real thing and store it in your possession.