Nationalized IRAs & 401(k)s
OR
"Government Guaranteed (& managed) Retirement
Income"
Do you Believe Government Run IRAs and 401(k)s
are Coming?...
Would You believe it if President
Obama announced it, In Front of 45 Million people?
He Quietly Did!
You must Understand who's behind
it
Who's Behind It?
The Obama Administration and a
powerful network of Congressional activists, along with
the highly-influential Ford and Rockefeller Foundations.
The 40l(k)/IRA
de-privatization plan is the brain-child of
Teresa Ghilarducci
of the
who is funded by the Rockefeller
Foundation.
Are There Any Government Documents To Prove It?
- In Chapter 3 of the Annual
Report on the Middle Class released in February by Vice President Biden
and the White House Task Force on the Middle Class, the Obama
administration calls for enhancing the "retirement options" The
plan, as sketched in the 43-page document, calls for the creation of
something called "Guaranteed Retirement Accounts" (GRAs).
- U. S. Federal Register;
-"annuitization" of Individual
401(k)s. set forth in a set of "Proposed Rules" published on
February 2, 2010.
- Government Printing
Office-(GOP) a picture can be seen below.
What Government Agencies Are Involved?
Department of Labor and
Treasury... among others. The last meeting took place September 14th and 15th 2010,
where they laid out the Course of Action. The agenda is now called
"Lifetime Income Options for Retirement Plans"
Why Do They Want Our IRAs & 401(k)s
The Treasury Department has (worthless) Bonds to Sell ... and Foreign demand is drying up.
They
This will be Done
in an attempt to balance the U.S. Deficit and Once Again make the
The Federal Government will Manage and Control an
estimated $3.613 Trillion Dollars in IRAs and $2.350 Trillion Dollars in 401(k)s.
The Equity will be placed in U.S. Treasury Bonds that will
Pay out an estimated 3% (or less). One major clause is
that upon retirement, the value of the Individual's Account will be placed into
Annuities. Once
the individual Dies, the Value of the Account will automatically become
property of the Government. The Program will be structured much like
Social Security Accounts (the biggest Ponzi Scheme
ever created).
What Financial Firm Will We Need To Trust, In The Handling
Our 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 (
Trust
................................................................................................................
The move toward Nationalization of IRA's
& 401(k)s will Initially be Offered as an Option.
Those who are Unwilling to accept Government Run Retirement Accounts, will be
Stripped of their Current Account Tax Benefits...
It is also suggested that the Only
way The Government could get away with what will be
"The Largest Heist Known To Man", is by engineering a Major Financial Market Meltdown!
An aging person who sees their Retirement Account Drop
30%-40% in a matter of Days.... Is more willing to take a Conservative
Approach... Even if it means "Government-Guaranteed
Income".
Remember, all socialistic indebted Governments have one
thing in common, raise taxes and steal the wealth of the people (or control it).
Our Government is deep in debt...the equity in our IRA and 401(k)s will help the
SIGN
THE PETITON TO OPPOSE THE GOVERNMENT ACTIONS BEING TAKEN!
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Obama quietly nationalizes IRAs & 401(k)s |
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