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    Posted June 27, 2010 by
    charleston, South Carolina
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    40l(k)/IRA Nationalization Quietly Moves Forward






    The U.S. Treasury and Labor  Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and  Individual Retirement Accounts into annuities or other steady payment  streams, according to Assistant Labor Secretary Phyllis C. Borzi  and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading  the effort.”

    They want to "get” people to invest their 401k’s and  IRA’s into annuities, or likely into U.S. T-Bonds, which are in the  biggest overvalued bubble the world has ever seen.

    They are doing this because they will have $2  Trillion Dollars in bonds to sell this year, and foreign buying is  drying up. China doesn't want them.... Do you?

    Who's behind it?

    The White House and a powerful network of  Congressional activists, and The highly-influential Ford and Rockefeller  Foundations. They are engineering a new regulatory and tax-incentive.  The purpose is to herd and ultimately force Americans to convert their  40l(k)s and IRAs into government-directed retirement accounts.

    The 40l(k)/IRA de-privatization plan is the  brain-child of Teresa Ghilarducci (Schwartz Center for Economic Policy  Analysis – SCEPA), who is funded by the Rockefeller Foundation.

    The extreme tactics used to ram nationalized  health care down the country's throat are a blueprint for what could be  the biggest asset grab in history.

    This is exactly what took place in Argentina. Yes,  Argentina was once a powerful nation; the 3rd wealthiest nation until  the 20th Century.

    Another reason as to why our  government needs to nationalize retirement accounts...

    Is reported by the New York Times, "This  year, the system will pay out more in benefits than it receives in  payroll taxes, this important threshold  was not expected to cross until  at least 2016, according to the Congressional Budget Office." The  trickle of red ink will soon become a flood under the pressure of 78  million retiring Baby Boomers.... Less money going into the system!

    Who will you need to Trust in the Handling of  your 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  (AIG), which was bailed out to the tune of $182.3 billion.

    You Do Trust AIG.. right?

    The Real Question Is..

    Is there a safe haven for retirement accounts?



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