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About Me

Missouri, United States
I consider myself the "black sheep" of the family. I moved away from home when I was 19 and a year ago I decided it was time I moved back home....so glad to be among family and friends. I grew up playing the piano but haven't played in years. I have always thought outside the box, wanting to move to Boquete Panama, I am a tea party participant. I am a reiki master and I have 2 good guard dogs....a dachshund and Jack Russell terrorist. I go to alternative news websites daily for news (don't trust MSM to tell the truth). Operation mockingbird is a CIA operation that began in the '40's to control the media both foreign and domestic. This is why I go to alternative news websites. For an excellent article to read on the subject I suggest http://www.prisonplanet.com/analysis_louise_01_03_03_mockingbird.html

I WANT YOUR MONEY TRAILER

Monday, May 17, 2010

40l(k)/IRA Nationalization Quietly Moves Forward

“The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.”

They want to "get” people to invest their 401k’s and IRA’s into annuities, or likely into U.S. T-Bonds, which are in the biggest overvalued bubble the world has ever seen.

They are doing this because they will have $2 Trillion Dollars in bonds to sell this year, and foreign buying is drying up. China doesn't want them.... Do you?

Who's behind it?

The White House and a powerful network of Congressional activists, and The highly-influential Ford and Rockefeller Foundations. They are engineering a new regulatory and tax-incentive. The purpose is to herd and ultimately force Americans to convert their 40l(k)s and IRAs into government-directed retirement accounts.

The 40l(k)/IRA de-privatization plan is the brain-child of Teresa Ghilarducci (Schwartz Center for Economic Policy Analysis – SCEPA), who is funded by the Rockefeller Foundation.

The extreme tactics used to ram nationalized health care down the country's throat are a blueprint for what could be the biggest asset grab in history.

This is exactly what took place in Argentina. Yes, Argentina was once a powerful nation; the 3rd wealthiest nation until the 20th Century.

Another reason as to why our government needs to nationalize retirement accounts...

Is reported by the New York Times, "This year, the system will pay out more in benefits than it receives in payroll taxes, this important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office." The trickle of red ink will soon become a flood under the pressure of 78 million retiring Baby Boomers.... Less money going into the system!

Who will you need to Trust in the Handling of your money?

The March 9 edition of Business Week notes that new federal regulations designed to "promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams" would help drive cash into government-controlled entities such as American International Group (AIG), which was bailed out to the tune of $182.3 billion.

You DO trust AIG.. right?

http://groups.yahoo.com/group/Cornforth-Strategies/message/16400

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