401k Confiscation

Discussion in 'Wall St. News' started by andrasnm, Dec 26, 2008.

  1. The majority of 401K holders voted for OBAMA NATION, so what ever UNCLE OBAMA and UNCLE SAM feel is in the best for their Sheoople, so be it.

    Yes, there has been talk about such a drastic move. UNCLE BIDEN forwarned all of you, before the election that OBAMA NATION will be tested and that all challenges will be met. He also said that each challege will require the good Sheeople, not to ask questions and to trust UNCLE's laws or decisions, regardless.

    So, IMHO, I hope Uncle Obama and Sam do confiscate 401ks and throw them in a Big Governmental Fund, run by the bright people that "the SHEEOPLE" voted for. I mean, Goverment knows best in the OBAMA NATION.

    I have no sympothy for the "Devil" nor the idiots who put such wicked ideology (Socialism) into power.

    What comes to America in the Next 4 years, was welcomed by the majority and the majority will feel the brunt.

    The minority is smart enough to survive, make money and lay low if not leave the country, if need be.
     
    #21     Dec 27, 2008
  2. EMR knows of what he speaks.
    Right now, my claque, we are in the eye of the storm. The back-side will not be the indelible images of the Great Depression so familiar to all. They will be different, yet with equal impact and indelibleness.

    The financial players have already been chosen in the US. Bretton Woods II is around the corner.
    Do what is in your best interest, NOW. Step one, move yourself out of the financial-grid as much as possible.

    Be secure in the factual knowledge that shopping is not patriotic, owning real estate and credit are sunsetting privileges, and your life-long acquired wealth is in great jeopardy in the name of socioeconomic equality, worldwide.

    obama-lama has spoken
     
    #22     Dec 27, 2008
  3. nursebee

    nursebee

    They can pry mine from my cold dead fingers
     
    #23     Jan 3, 2009
  4. Then why would you post that the Government CANNOT seize private pension plans.

    You do realize that the whole pension system is government regulated?

    It's not even a far stretch for the US gov to bring 401ks under its umbrella. In fact, most people will probably thank them for "saving" their pensions.
     
    #24     Jan 3, 2009