Congress has a proposed bill that would make it more difficult for you to tap your 401K. The proposal would limit the amount of loans against the accounts and eliminate 401k debit cards. They of course are doing this to protect you from raiding your savings. The government does not want the sheep to get out of the barn before the slaughter. The bill would make it easier for people to pay back the loans, how convenient… (Do you sense my sarcasm?)
I have been warning people that the Elite are not going to stop until they wipe all of your wealth clean. (Read: The Treasury Is Coming! and Got a 401k or an IRA?) They are running out of room to thieve to keep their system going and the last big juicy fruit is your retirement accounts. This could be your 401k, IRA, Social Security, Annuity, Pension or whatever. This is just another step to close the door and not startle you. They can force you to buy “safe” bonds after the Fed and the rest of the world refuses to buy them. They could tax the funds like Ireland is doing. They could freeze the accounts and hyper inflate away the value of the account.Either way there is a target on your savings.
Many of the people I have been speaking with in my Strategy Sessions are telling me about how difficult it is to get their money out, even if they want to take the tax hit. Some have resorted to taking loans against their 401ks to get to it, which is why this legislation is coming. They figure that if they can borrow against the funds at a low enough rate it might pay to get REAL physical silver before their retirement gets raided. Others are taking the tax hit after they realize how lucky we were the Bush tax cuts got extended and that taxes or inflation may never be this low again. Throw in the very real possibility of the Government seizing the entire accounts and it makes it that much more compelling to get out while the music is still playing. Simply getting the money out of the account is one thing, but the question still remains what are you going to do with that money to protect yourself? Read the Silver Bullet and the Silver Shield for a great starting point.
Tyranny at the Treasury Department or How I learned to Love the Debt Bomb.
It would be my guess that both the two headed beast of Repulicrats in Congress and Tiny Tim the tax cheat at Treasury are breathing a collective sigh of relief at the moment. They just rolled out the opening precedent for the largest theft in history and the public’s response so far has been; “the Govonator did what?” Between Arnold’s peccadilloes and those of IMF chief Strauss-Kahn they could have not asked for a better cover for or distraction from this grand little scheme.
Maybe someone should check Geithner’s phone and email logs to see how long it took Helicopter Ben at the FED and his good buddy Blankfein at Goldman Sachs to call in their congratulations. I’d bet the first line was something like: “Debt ceiling? We don’t need no stinking debt ceiling!”
Getting pushed up against the legislative limits, rather than actually cutting off some of the bureaucrats budgets Treasury announces that it will start “borrowing against” the pension funds of Federal employees. They further assured us saying that there was no reason to worry because the Treasury was “legally” required to pay back those funds as soon as they became available under any new increase in the debt ceiling. The justification for this little sleight of hand was that that the pension funds are held in government controlled accounts. In reality the Treasury Department is simply converting whatever equities held by those funds into Treasury bonds. The banks collect huge fees for conducting the transactions, they kick back the pocket change to the politicians in campaign contributions, everybody keeps their mouth shut, and the powers that be laugh at the rest of us while making their deposits in off shore accounts.
So how much is in those accounts? What 2 – 3 trillion or so? Well that should be enough to keep up the spending charade for the next year or so while the public is kept distracted by the so-called “battle” over the budget and any debt ceiling legislation. Anyone who thinks this is anything but the first round in an even bigger scam to come is either stupid or already works for a politician or investment bank. With those monies now fully under their control, the Eye of Sauron will next fall upon that fat and inviting $10 trillion or so sitting in private IRA and 401k accounts. Well stealing from government employees is one thing right but how could they justify stealing private funds you say? Herein lays the all powerful and ubiquitous “commerce clause.” I can hear it already, “Well you see the government has done you the favor by allowing you to save all that money without letting Shylock, I’m mean the government taking its ‘fair share’ through taxation. So at least, what 30% – 40%, is actually the government’s money and not yours.” It will kind of be like the Germans marching into the Sudetenland, they got their foot in the door, took what they said they were entitled too and after a short breather gobbled up the rest of Czechoslovakia.
Hey it worked for Greece didn’t it? It’s working in Spain right? The NY Times and the Washington Post aren’t running any front page stories on renewed riots in Greece or street protests in Madrid so their either not happening or there just not that important , right?
It’ hard to believe that Congress or the Obama Administration are serious about actually cutting the profligate spending. They both know that if they do that number will come straight off the top of the GDP. But then maybe that’s part of the plan. The GDP falls, the market panics, the FED has it’s excuse for QE3, the FED loans even more money to Wall Street at 0%, they then buy up collapsing equities at bargain basement prices, the market goes back up and voila, problem solved! Better yet another couple of trillion dollars previously held by private individuals and pension funds are now in the hands of the Blankfein and friends and those now liquid funds are now ripe for the picking and conversion into Treasury Bonds!
So instead of complaining all you ingrates need to be thankful wizardry of the banks that have saved the economy once again! Hey those T-Bills are going to make wonderful wallpaper for you luxury one room retirement condo. That is if you don’t use them all for the toilet paper you won’t be able to afford first!
Hi I just wanted to comment that I agree with your post and I too have written about this subject. If you are so inclined you can read it on my site or use this link http://bit.ly/ijm3R4 . I am glad to see that there are others out there who can see the writing on the wall as most people you talk to think that this is a crazy notion that could never happen. Of course who would have thought that in our lifetimes we would have seen the problems and shennagians that have transpired over the last decade. Well keep up the good work!
And the last trick will be confiscating your gold , using Roosevelt’s Private Gold Confiscation Act ( April 5th, 1933),as Roosevelt did in similar circumstances, in order to save the country from bankruptcy, as soon as the price of gold is the highest possible .
Same circumstances, same old tricks and same victims .
[...] – Gas Price Hypocrisy Don’t Say I Did Not Warn You About Your 401k… | Don’t Tread On Me Ghost Troop Home BREAKING! Netanyahu Now in USA for False Flag ASAP! | Veterans Today YouTube [...]
[...] is over, the Elite will steal American’s retirement savings. (Read: The Treasury is Coming and Don’t Say I Did Not Warn You.) This may happen as a means to pressure people to raise the debt ceiling or they might just steal [...]
[...] is over, the Elite will steal American’s retirement savings. (Read: The Treasury is Coming and Don’t Say I Did Not Warn You.) This may happen as a means to pressure people to raise the debt ceiling or they might just steal [...]
[...] to steal money is the property owner. (For a Federal government the best place to steal is your retirement funds.) The local government can raise rates and there is nothing you can do about it. If you don’t pay [...]
[...] is also approved for IRAs managed by The Entrust Group. (Read: The Treasury is Coming! and Don’t Say I Did Not Warn You About Your 401k.) This will allow you to invest in gold, silver and platinum off shore. This may be an excellent [...]
Hey Chris,
Just wanted to take a moment out of my life to thank you for all the life changing decisions/events that have occurred because of the information you've brought to the forefront when I discovered you, DTOM, & the SOL academy.
I shunned the psychopaths in my life, closed my facebook, took every hour of free time to see the academy and read A LOT (a first for me), learned that I have a deep innate thirst for knowledge and teaching, jumped head first on topics I would have NEVER taken an interest in if not for waking up (finance, economics, politics, psychology, to name a few), and view everything in a completely different, but forward thinking and more intricate way.
What you say is so true ... "once your eyes are open, you can never close them again" - EVER.
The magnitude of all the changes that I've made in my life because of the SOL academy are so huge that I can't even begin to put a word on it. It's like a golden seed of life, love & truth, planted in my mind that is making me realize what does matter, what is real, and what I want be at the end of the day to myself, loved ones, and the world.
Hope you're having a well-deserved and wonderful time with your family. A toast to you, the individuals in our group, and all the great and positive things to come despite such times.
Peace.
- Irving A.
Sons of Liberty Academy Testimonial
You really need to sign up at the Sons Of Liberty Academy! I have been researching, as Chris has, for the last 5 years and have found out many things that have really changed my way of thinking! After signing up with Chris I have learned a lot more and he has vilified that which I have already learned!
Check it out!
He will BLOW your mind and secure your future! Chris Duane ROCKS!!!
-Dennis S.
Sons of Liberty Academy Testimonial
I just finished the 10 modules of the Sons of Liberty Academy. I have never been so educated and aware, in such a short time.
I now have a game plan and see my role more clearly. It all makes sense.
It is very important to understand what is going on in our world and how to fight against it most effectively.
45 hours of video is a lot of information (I spend 3 weeks day and night, going through the course).
I would look for information on my own and it would take me a lot of time but to have it done and just to be able to build on that is great.
I do appreciate it to be free otherwise I would not be able to take it.
Thanks;
Raj
Sons Of Liberty Academy Testimonial
I just wanted to drop you a note and thank you. I've been studying the Academy, about to start module 5.
The information I've observed to this point has opened my mind to new ideas, and also reaffirmed some beliefs I've always had. I feel a tremendous sense of confidence now, the fear is subsiding, and I'm excited to complete the Academy and find the direction I can take with my future, as well as my friends and family.
As Bill Hicks said, the next revolution will be a revolution of ideas. I'm glad to be a part of this program.
Many thanks,
Michael
Naples, Florida
Sons of Liberty Academy Tesimonial
"Silver Shield,
The Sons of Liberty Academy is really fantastic! I highly recommend the Academy and the hard work and dedication to the truth that Silver Shield has put forth for defenders of Freedom and Liberty.
The betrayal of the Tea Party loyalist is becoming evident. A rebellion is brewing day by day, and the Power Elite have every right to be very worried.
Awaken People don't be fooled again! Join the Academy.."
-Ray
Sons Of Liberty Academy Testimonial
My only regret is that I did not have this knowledge 20 years ago. The Sons of Liberty Academy is truly life changing.
If anyone is on the fence about joining the Academy, I will tell them they are doing themselves, their family and the country a injustice by not taking it.
Don’t let the money stand in the way, the course is invaluable and will pay for it self many times over with the finance info within the course.
I have two masters degrees and the Sons of Liberty Academy has been of greater benefit than all the “formal” education I have received.
Thanks Chris! You are a true Patriot and hero! -Randy H.
Sons of Liberty Academy Testimonial
"I am very excited about what I've learned so far! I have 3 more modules to complete. I've gone through a few of them twice, especially when there is history discussed. I find that very interesting. I am going to run through the entire Academy again, and review all the additional materials linked below the videos. There is so, so much information. Thank you for your hard work putting this together.
I am spreading the word."
- Michael L.
Sons of Liberty Academy Testimonial
"I have just finished watching Module Six and continue to be amazed at the deception perpetrated on the American people.
I applaud your work and thank you sincerely for these eye-opening truths you have laid out.
I never had an interest in politics or our monetary system because it seemed too confusing, however, the simple way it is taught in the Academy has far surpassed any education I have received in my 35 years on this earth."
- Sean A.
Sons of Liberty Academy Testimonial
"In just a few short months, I've gone from being a skeptic to being a believer.
I'm a born-again Christian, a veteran, and a patriot, but I'm also a realist.
I now prep and am protecting my assets.
DTOM has played a big part in my new education.
Heck, I love the T-shirts, too!
Thanks for doing a great job. Now I Get It!!!!"
Harry S.
Thank you for giving me the wisdom of awareness.
I have been sharing it with others, but there are so many more to reach. I am not afraid of the changes we will soon see, but confident that I am prepared to handle them. We are building a strong group here in my area and have shared your website with several key people of influence here.
Thank God I found you and took the time to go through the Academy. At the risk of sounding overly dramatic, my life will never be the same, and for that I am very grateful.
Congress has a proposed bill that would make it more difficult for you to tap your 401K. The proposal would limit the amount of loans against the accounts and eliminate 401k debit cards. They of course are doing this to protect you from raiding your savings. The government does not want the sheep to get out of the barn before the slaughter. The bill would make it easier for people to pay back the loans, how convenient… (Do you sense my sarcasm?)
Tyranny at the Treasury Department or How I learned to Love the Debt Bomb.
It would be my guess that both the two headed beast of Repulicrats in Congress and Tiny Tim the tax cheat at Treasury are breathing a collective sigh of relief at the moment. They just rolled out the opening precedent for the largest theft in history and the public’s response so far has been; “the Govonator did what?” Between Arnold’s peccadilloes and those of IMF chief Strauss-Kahn they could have not asked for a better cover for or distraction from this grand little scheme.
Maybe someone should check Geithner’s phone and email logs to see how long it took Helicopter Ben at the FED and his good buddy Blankfein at Goldman Sachs to call in their congratulations. I’d bet the first line was something like: “Debt ceiling? We don’t need no stinking debt ceiling!”
Getting pushed up against the legislative limits, rather than actually cutting off some of the bureaucrats budgets Treasury announces that it will start “borrowing against” the pension funds of Federal employees. They further assured us saying that there was no reason to worry because the Treasury was “legally” required to pay back those funds as soon as they became available under any new increase in the debt ceiling. The justification for this little sleight of hand was that that the pension funds are held in government controlled accounts. In reality the Treasury Department is simply converting whatever equities held by those funds into Treasury bonds. The banks collect huge fees for conducting the transactions, they kick back the pocket change to the politicians in campaign contributions, everybody keeps their mouth shut, and the powers that be laugh at the rest of us while making their deposits in off shore accounts.
So how much is in those accounts? What 2 – 3 trillion or so? Well that should be enough to keep up the spending charade for the next year or so while the public is kept distracted by the so-called “battle” over the budget and any debt ceiling legislation. Anyone who thinks this is anything but the first round in an even bigger scam to come is either stupid or already works for a politician or investment bank. With those monies now fully under their control, the Eye of Sauron will next fall upon that fat and inviting $10 trillion or so sitting in private IRA and 401k accounts. Well stealing from government employees is one thing right but how could they justify stealing private funds you say? Herein lays the all powerful and ubiquitous “commerce clause.” I can hear it already, “Well you see the government has done you the favor by allowing you to save all that money without letting Shylock, I’m mean the government taking its ‘fair share’ through taxation. So at least, what 30% – 40%, is actually the government’s money and not yours.” It will kind of be like the Germans marching into the Sudetenland, they got their foot in the door, took what they said they were entitled too and after a short breather gobbled up the rest of Czechoslovakia.
Hey it worked for Greece didn’t it? It’s working in Spain right? The NY Times and the Washington Post aren’t running any front page stories on renewed riots in Greece or street protests in Madrid so their either not happening or there just not that important , right?
It’ hard to believe that Congress or the Obama Administration are serious about actually cutting the profligate spending. They both know that if they do that number will come straight off the top of the GDP. But then maybe that’s part of the plan. The GDP falls, the market panics, the FED has it’s excuse for QE3, the FED loans even more money to Wall Street at 0%, they then buy up collapsing equities at bargain basement prices, the market goes back up and voila, problem solved! Better yet another couple of trillion dollars previously held by private individuals and pension funds are now in the hands of the Blankfein and friends and those now liquid funds are now ripe for the picking and conversion into Treasury Bonds!
So instead of complaining all you ingrates need to be thankful wizardry of the banks that have saved the economy once again! Hey those T-Bills are going to make wonderful wallpaper for you luxury one room retirement condo. That is if you don’t use them all for the toilet paper you won’t be able to afford first!
Hi I just wanted to comment that I agree with your post and I too have written about this subject. If you are so inclined you can read it on my site or use this link http://bit.ly/ijm3R4 . I am glad to see that there are others out there who can see the writing on the wall as most people you talk to think that this is a crazy notion that could never happen. Of course who would have thought that in our lifetimes we would have seen the problems and shennagians that have transpired over the last decade. Well keep up the good work!
I wrote this article on Wednesday implying the same things now that Geithner is tapping retirement funds to pay for government obligations.
http://www.examiner.com/finance-examiner-in-national/treasury-using-federal-pension-funds-opens-up-move-to-take-401k-s
What Destroyed Rome Was Its Unfunded Government Employee Pensions
http://www.martinarmstrong.org/files/What%20Destroyed%20Rome%2005-18-2011.pdf
And the last trick will be confiscating your gold , using Roosevelt’s Private Gold Confiscation Act ( April 5th, 1933),as Roosevelt did in similar circumstances, in order to save the country from bankruptcy, as soon as the price of gold is the highest possible .
Same circumstances, same old tricks and same victims .
There was a low rate of compliance and no one was arrested or fined over it.
The world is very different place.
Fool us once…
The Federal Reserve Cartel: The Eight Families
http://www.infowars.com/the-federal-reserve-cartel-the-eight-families/
Yes; makes sense. It’s just a den of thieves who run the place at the federal level.
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[...] Don’t Say I Did Not Warn You About Your 401k… (dont-tread-on.me / Article) [...]
[...] Click here for more on this story from Don’t Tread On Me.com [...]
[...] – Gas Price Hypocrisy Don’t Say I Did Not Warn You About Your 401k… | Don’t Tread On Me Ghost Troop Home BREAKING! Netanyahu Now in USA for False Flag ASAP! | Veterans Today YouTube [...]
[...] Silver Shield Don’t Tread On Me [...]
[...] by Silver Shield, Dont-Tread-On.me [...]
[...] by Silver Shield, Dont-Tread-On.me [...]
[...] is over, the Elite will steal American’s retirement savings. (Read: The Treasury is Coming and Don’t Say I Did Not Warn You.) This may happen as a means to pressure people to raise the debt ceiling or they might just steal [...]
[...] is over, the Elite will steal American’s retirement savings. (Read: The Treasury is Coming and Don’t Say I Did Not Warn You.) This may happen as a means to pressure people to raise the debt ceiling or they might just steal [...]
[...] to steal money is the property owner. (For a Federal government the best place to steal is your retirement funds.) The local government can raise rates and there is nothing you can do about it. If you don’t pay [...]
[...] [...]
[...] is also approved for IRAs managed by The Entrust Group. (Read: The Treasury is Coming! and Don’t Say I Did Not Warn You About Your 401k.) This will allow you to invest in gold, silver and platinum off shore. This may be an excellent [...]