It’s already beginning days after the faux-election.
Barry and his leftist-progressive cadre have a plan to (a) confiscate the last untapped pool of wealth (the retirement savings of people in IRA’s), and (b) enable redistributionist control over several trillion dollars of private retirement savings…they want to be able to ‘redistribute’ that private money as they see fit, and (c) find mandatory ‘buyers’ for soon-to-be-worthless Treasury debt.
- Far better to steal cash from the sheeple than to continue to bleed the ‘privately-owned for profit’ FED (almost the sole remaining buyer of US debt at this point).
The usual suspects are bleating about IRA’s being “unfair” blah-blah-blah. This is already smelling like the beginning of Obamacare, which was crammed down from above.
- Doubt that this will be too? Don’t forget there used to be private owners of GM (the bondholders) who were robbed of their ownership in the process of converting GM into Government Motors. Think of that as a ‘test drive’ for what is ahead.
- The famous bank robber Willie Sutton was once asked ‘why’ he robbed banks. His answer was “Because that’s where the money is.”
This has already happened in several countries, and America’s Marxist overlords and Kommissars intend to implement this ‘fairness’ as soon as possible.
- Of course it will be marketed as saving people from themselves, and being for the greater good. It’s bad salesmanship to call it what it really is: theft.
As old bubba might observe with a dose of country realism, this is the regime saying “all your money are belong to us.”
- Tax-advantaged vehicles like IRA’s and 401K’s will become the opposite of what they were intended to be….they will be financial deathtraps!
From Theo: http://www.theospark.net/