Governments have been confiscating citizens’ savings for decades through deficits, inflation and outright theft, and it's about to get worse. Bankrupt governments will do whatever is necessary to survive and feed the welfare state, and they have never been more bankrupt than they are right now. Look no further than Poland confiscating half of citizen pensions. If you knew the government was going to steal your savings from you, would you do anything differently to protect your savings now? It’s an important question to think about now, because they ARE coming for your money, and some newly-discovered facts prove it.
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process.” -- Alan Greenspan
The Fatter the Government, The Skinnier the People
The
U.S. Debt, not including unfunded liabilities, is over $17 trillion
dollars. The sociopaths who are driving the titanic will be arguing over raising the debt ceiling again.
If we look back to September of 2011, which was the last loud
debt-ceiling argument, gold rose 21% in a period of three months while
politicians caused a major corrosion of confidence in our leaders. When
governments are broke, everything is fair game.
Government
officials are parasites; they don’t produce anything. They only feed
off of those who do. As one person said, the fatter the government, the
skinner the people. And when government officials cannot meet their
obligations or fulfill the promises they made to the public, they’ll
figure out ways to appropriate the public’s money to fund their
projects. Government officials don’t produce wealth; they only
redistribute your wealth. Desperate government officials will always
resort to expropriation, which is outright confiscation.
If
the Federal Reserve is currently buying 90% of the U.S. Treasury market
and they are going insolvent, who do you think the government will lean
on to pick up the slack? The answer is YOU. Ten
thousand Baby Boomers will turn 65 years-old every day until 2030. And
while the government has a debt problem of $17 trillion, not so
coincidentally, our country's IRAs, 401Ks and retirement accounts amount
to that same number: $17 trillion. What a convenient resource for the
Federal Government.
So
here's the plan: The government will nationalize retirement accounts
like IRAs, 401Ks, pensions, 403Bs, etc. so that you will be forced to
use a portion of your retirement wealth to purchase U.S. government debt
– debt that will ultimately default, as it is not possible to sustain
our astronomical debt nor the deficits that create it.
Plan to Nationalize Private 401K and IRA Retirement Accounts
If you do some research on US Bill “HB5337,” you will find the plan to nationalize retirement wealth. On
May 6, 2012 Lauren Schmitz, a research analyst at the Bernard L
Schwartz Center for Economic Analyst (SCEPA), introduced HB5337. This
401(k)/IRA de-privatization is the brainchild of Teresa Ghilarducci,
whom through funding from the White House and the Ford & Rockefeller
Foundations engineered a new “Regulatory & Tax Incentive.” The
purpose is to force Americans to convert their Retirement Accounts into
Government Managed accounts.
This
plan to nationalize private 401K and IRA retirement accounts is being
deceptively publicized as the government protecting the public against
business failings or state bankruptcies. Your cash, your retirement
funds, your bank deposits and your investments are at huge risk of being
confiscated by the government through some contrived reason or another.
And suddenly, in the 2014 State of the Union Address, Obama suddenly announces the creation of the MyRA: Your Savings Pays for U.S. Debt! Surprise, surprise.
The IRS Greases the Wheels of Confiscation
The
IRS is refusing to issue tax ID numbers for single-member LLCs that are
owned by an IRA, which is the specific structure that U.S. taxpayers
create in order to ship their retirement savings overseas. Of
course, the IRS simply decided using its sole discretion to stop
allowing Americans to create this structure, and hence, force them to
keep their retirement savings in the U.S. Without getting into too much
detail on these structures, the bottom line is that the methods by
which you could manage your own IRA and keep it out of the hands of the
too-big-to-fail banks, and thus away from the grabbing hands of
government, are being blocked in an effort to keep all that wealth
accessible to the government.
Many People Have Been Robbed Already
Detroit’s
bankruptcy destroyed many people’s pensions. In Cyprus, the government
raided people’s savings accounts in an example of outright theft. And
right here at home our too-big-to-fail banks, like BofA, Citigroup,
HSBC, Goldman, Wells Fargo, JP Morgan Chase, Goldman Sachs and several
others, are right now being investigated for robbing pensions via the
rigging of interest benchmarks, among other investigations of fraud. JP
Morgan Chase, in the last two years, has paid $7 billion dollars in
fines for fraud.
Yet
these parasites remain in power, have had no further regulation placed
upon them, and continue the same (or worse) risk tactics that led to the
financial implosion of 2008 and subsequent taxpayer-funded bailouts.
These criminal organizations look more like organized crime syndicates
than legitimate businesses. Yes, these are the same folks who are in
charge and in possession of your wealth. Whether you have your
retirement funds in a money market, the stock market or the bond (debt)
market, a bank or bank holding company hold and controls your wealth.
This means that when Wall Street, which relies on an incestuous
relationship with the U.S. government, is asked to hand over access to
your money, it’ll be a simple as a keystroke.
The Greatest Heist in Human History
In
1966, before Alan Greenspan became the Federal Reserve Chairman, he
wrote an essay called “Gold and Economic Freedom.” In this essay,
Greenspan explains, the gold standard limited government spending to the
amount of gold held in reserve. However, The gold standard was also
unprofitable to the international bankers and the crooked government
they collude with. So the central bankers, in collusion with devious
government officials, embarked on the greatest heist in human history,
to repeal the gold standard. Stopping at nothing, they attacked and
crucified anyone who opposed them. Eventually, the gold standard was
repealed, the citizens' gold was confiscated, and a debt-based economy
was born.
All
the subsequent government deficit-spending and money-printing that
followed the abandonment of the gold standard led to the Great Wealth
Confiscator: Inflation. Inflation raises the cost of goods, while
reducing purchasing power. And massive money-printing always ends in
hyper-inflation, which typically causes the price of gold and silver to
grow exponentially.
How to Free Yourself from This Monetary Corruption
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