Realcent.org

Gobirds66 wrote:

RichardPenny43 wrote:Unless congress can cut spending or raises taxes enough before we hit our debt limit again we will get down graded. The rate on treasury bonds will go up and it will cost the Gov. more to borrow. Repeat the process a couple more times and no one will buy T bonds any more and we go bankrupt.

And I would like to agree with you on this but they will not cut spending and they will mask the "real" tax hikes in ways you will not know until it is too late. What most fail to realize is that there is a vast resource of wealth available to them that is very easy to take. They will take your 401K. They have tried to do it in the past. They will succeed in the future at some point. The government will pass some legislation via the IRS that all 401K holdings will be required to hold a certain percentage in T-bills in order to be considered "tax-deferred." They will sell it as a safe haven, and people will buy it. Then they will apply negative interest rates to the T-bills after the legislation has passed. Of course they will spin it to be some sort of way to tax foreign interests running to the American dollar. That allows the Fed to take a percentage of your 401K without taxing it.

Then, once that is accepted, they will work to annuitize your 401 so it lasts your whole life and you get payments forever. The general public will love it because they will get a paycheck for life! Well, we did that already. It is called Social Security and that worked out well? But the majority of the voting public will not see it until it is in place for years and they are consumed by it. Then they will have tapped the 401K honey pot, own it, and will make it impossible for you to opt out of it.

They want the 401K money. They are going to get it. best answer to defeating this is to not have money where they can get to it. First rule of gold and silver: What the government can't find, they can't steal! Keep stacking!

Beau wrote:I think the best way to put fat and lazy people to work.
is not give the food stamps and welfare.
you take the welfare away and hide their food stamps in their wook boots.

SilverDragon72 wrote:

Gobirds66 wrote:

RichardPenny43 wrote:Unless congress can cut spending or raises taxes enough before we hit our debt limit again we will get down graded. The rate on treasury bonds will go up and it will cost the Gov. more to borrow. Repeat the process a couple more times and no one will buy T bonds any more and we go bankrupt.

And I would like to agree with you on this but they will not cut spending and they will mask the "real" tax hikes in ways you will not know until it is too late. What most fail to realize is that there is a vast resource of wealth available to them that is very easy to take. They will take your 401K. They have tried to do it in the past. They will succeed in the future at some point. The government will pass some legislation via the IRS that all 401K holdings will be required to hold a certain percentage in T-bills in order to be considered "tax-deferred." They will sell it as a safe haven, and people will buy it. Then they will apply negative interest rates to the T-bills after the legislation has passed. Of course they will spin it to be some sort of way to tax foreign interests running to the American dollar. That allows the Fed to take a percentage of your 401K without taxing it.

Then, once that is accepted, they will work to annuitize your 401 so it lasts your whole life and you get payments forever. The general public will love it because they will get a paycheck for life! Well, we did that already. It is called Social Security and that worked out well? But the majority of the voting public will not see it until it is in place for years and they are consumed by it. Then they will have tapped the 401K honey pot, own it, and will make it impossible for you to opt out of it.

They want the 401K money. They are going to get it. best answer to defeating this is to not have money where they can get to it. First rule of gold and silver: What the government can't find, they can't steal! Keep stacking!

Some scary stuff! I believe the government could get its hands on anything it wants to. They would have to stealthfuly take the money this way, below public radar in order for this kind of scenario to happen. I hate to think about it.

everything wrote:I'm sure wall street will take more from your 401k's than our government, which has plenty of other methods.

everything wrote:I'm sure wall street will take more from your 401k's than our government, which has plenty of other methods.

barrytrot wrote:

everything wrote:I'm sure wall street will take more from your 401k's than our government, which has plenty of other methods.

Other than fraud, Wall Street can't take your money.