Will the Government Manage your Retirement
Posted in the Croghan Forum
Since: Dec 09
#1 Feb 4, 2013
Taxpayers are Getting Poor, Our country is flat broke. There is some talk about converting pension plans to U.S. Treasury bonds.
The citizens of the U.S. need to keep a watchful eye on Uncle Sam. Our U.S. Government is thinking about confiscating Americans' retirement accounts (IRAs and 401Ks). Our government is in the middle of a financial crisis that may be fixed as it always has: through the confiscation of citizens' hard-earned money.
We have had a government takeover of two automobile companies, bank and insurance company bailouts, and the nationalization of the student loan program. They would like to exchange our retirement moneys for government backed IOUs. They will tell you that you are "investing" your money in U.S. Treasury bonds. But they will use your funds immediately to pay for the trillion-dollar budget deficits with trillions of dollars in pension funds, leaving nothing to back up bonds, just as they have robbed the Social Security trust funds.
Wake up people. This is your wealth and not that of the government. We all must speak up now before it happens.
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