Tuesday, August 24, 2010

US Said Preparing New Laws To Seize Americans Retirement Accounts

First They Destroy Private Healthcare in America – Yes, the socialist Democrats won their first battle to destroy the private healthcare system in the US but the automatic IRA bill now in Congress is their next attack to also control, confiscate and destroy the private retirement system. Ultimately, nationalizing healthcare is designed to create a major new government revenue stream by replacing private health insurance with a nationalized, mandatory, government program and their goal is identical with your retirement plan.
Washington will decide the annual forced healthcare premiums on all Americans with the middle and upper wage earners paying far higher premiums than the subsidized voting constituencies who will be the primary beneficiaries of the program. Their goal is to allow Washington to steal much of the annual health premiums (taxes) for current revenue needs and to bailout and subsidize with your premiums the health programs for the voting blocks of poor and underemployed, illegals, unions and the millions of city, county, state and federal government employees. Eventually there will be no private competition available except for the very wealthy and Washington will constantly increase premiums just as they raise taxes today.
Next They Steal Your Private Retirement Benefits – Just as with the Obama Administration plans eventual nationalization of healthcare, the tremendous amount of funds in private retirement plans and IRA accounts are also being targeted to meet future revenue needs. Bills have just been introduced in both the House and Senate to create the new Auto IRA accounts which will at first be voluntary but later will become mandatory like Social Security and I expect the early 3% employee after tax contribution levels to eventually rise to 10 to 15% of compensation rising even more than Social Security has increased over the years. Read this August 17th article in Investment News at for more information.


  1. Take the hit. Cash out now. Hide the loot. Starve the beast.

  2. The only way you'll get it uncle barry is from my cold dead hands.

  3. Joblessness is growing like a wildfire and there is no rain in sight. Mr. Um um um will completely destroy the economy before he can enact any such auto IRA.

    X percent of zero = zero.

  4. Basically these auto accounts will be treated just like another huge slush fund, the same way they treat social security.

  5. Everyone has different investment needs before and after retirement. Many draw on their retirement and invest some in long term bonds, utilities for income. We are now drawing on our 401k, but the younger workers need to get off their butts and fight this, as it will effect them. This is ultimate financial slavery and must be opposed. I can't understand why the middle aged and younger stand by and let this country be trashed daily.

  6. The reason I do is because it is so far beyond healing/fixing that the best thing to do is trust that it will reach a chaos point. After that contributing towards a new foundation for humanity will be the life I've always dreamed of.

    Today the world and its social establishments are as rotten as death itself and should be left derelict from those hoping to catch a ride to the new world. The collective deterioration we are witnessing now is a holy kind.

  7. eutimes is a very poor information source. as is rense.

  8. I doubt the government is going to seize retirement accounts. They might be looking for more way to tax it though. However, it's mostly Republicans who are frightening people into thinking Social Security is in trouble. They have been trying to get their hands on SS for years because they can hand SS to Wall Street and their banker buddies can rich on more fees.

    As for health care, how many times must it be repeated: Congress passed health insurance reform! The bill does not give us any form of nationalized health care. I doubt we will see any national health care because Congress is in the grip of corporate lobbyists. National health care would cost the insurance companies money so the insurance companies will never let that happen.

    If we all had national health care like Medicare, then the burden would no longer be on small businesses. We'd see more new businesses starting up and more jobs created. So please stop screaming about "socialized" medicine. We don't have socialized medicine--but we need it!

  9. The rest of the world has universal health care. I don't understand why people are against a single payer health care system, and health care being covered by the government.

    Any time you require a service and let private companies set the price, they price gouge. Look at car insurance, student loans and of course health care. Doctors are not struggling, either are nurses, they all get paid insane amounts of money, but the insurance companies truly make out like bandits.

    For 42 cents you can send a letter anywhere in the US. Or you could pay about $10 to do that with a private company.

    Society has decided car insurance is mandatory. Somehow health isn't as important. That's just one of the reasons that shows you how bad the US is. The US does not care about your health, either physical or mental, as the workers here have the worst conditions of any modern country.

  10. 10:38, you sound like an uneducated 14 year old. Clearly you don't understand what you are talking about, but you can read the talking points from the socialist party.

    "covered by the government" Where do you think the government would get the funding to pay for health care and the over bloated EEOC bureaucracy to administer it? Do you think you can dictate what medical care providers charge? Slavery is outlawed.

    "for 42 cents you can send a letter" Do you understand the USPS is losing "our" money with each letter? Do you understand the federal government has a monopoly (get a dictionary and look up the word monopoly)on postal services. The government sets tariffs for private carriers and regulate them so the US Post Office has a chance to compete...at a loss.

    Society does not owe you anything. Grow up and pull your own weight. If you think physicians have it so great then get you complaining whinny fat ass into school and earn a medical degree. Then you can tell us how great it is as you pay off serious student loans and pay for malpractice insurance to fight off entitlement prima donnas like you.

    The US "workers" are the worst complainers in the world. We used to have citizens that rolled up their sleeves and got the job done. Now we have a horde of "workers" that can't pour piss out of a boot with instructions written on the bottom.

  11. Can we just blame this all on W and call it even?

  12. I've been studying and preparing for this economic depression for SIX years. I knew it was coming when everyone thought I was crazy. There's a lot of things I agree with and predict will come, and a lot that I don't agree with.

    However, I guarantee you, 110 percent, without a doubt, the government will do this. It fits their MO. It's the logical next step for them when it comes to melting social security and a 43 public with less than 10k in retirement, or less than 62,000.

    Besides the dismal state of the poor losers with no retirement or savings discipline who will vote for it, the government has a $99 trillion unfunded liability hole. That's an unsolvable problem with no mathematical solution. The only thing they can do is kick the can down the road by postponing the inevitable by using the above methods.

    We need to learn to work our retirement funds below the radar, in the black and gray markets, through untraditional means. Forget about retirement. Forget it, forget it, forget it. Instead, invest/plan in a small business to bring in an income. Forget social security, IRA's, corporate or public pensions - what did they do before society entitled itself to retirement at 62 or after 20 years?

    Dont be shocked anymore at what you think government will never do. F that. They'll do it if it kicks the can down the road and saves their ass today. Who cares about tomorrow.

  13. Have you guys on this website lost your mind? If they seized the IRAs/401Ks just about every train would be derailed the next day as would every pipe-line would be sent on fire.

    They're greedy, they're evil, but they ain't stupid.


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