FEDs going to tap into Pensions Starting Monday

Discussion in 'Economics' started by EMRGLOBAL, May 16, 2011.

  1. If it's confiscated anyway, then it makes absolutely no difference if you buy, sell or watch re-runs of Oprah for that matter.
     
    #22     May 16, 2011
  2. morganist

    morganist Guest

    How is this legal?
     
    #23     May 16, 2011
  3. And who says gov. employees don't do their part :D
     
    #24     May 16, 2011
  4. Mark2m

    Mark2m

    It has been widely suggested for the past two years that the govt. will probably start looking at the $14 trillion dollars in 401K's and IRA's.
    Probable outcome will be annuitizing this money, converting to new US Govt. Bonds paying 4% per year. It has alway's been suggested by financial planners that with a 4% drawdown per year you can overcome outlasting your money. Off course we all know that the bonds in the near future will be worthless, much like the billions of dollars in bonds outside of Dayton, Ohio that is in fact for Social Security.
    Need to buy more PM's, although the price is going down, in gold the premium is the same, and with silver what is available has a premium of 12-14%.
     
    #25     May 16, 2011