Coming after your retirement account

As to the subject of wealth confiscation, as happened recently in Cyprus – where the government confiscated billions of dollars held in private bank accounts, as part of a temporary bailout deal with the European Central Bank – Rogers said he sees things a bit differently shaping up in the U.S.

“I suspect it won’t happen that way in the U.S.,” he said. “They won’t take our 
bank accounts, they will take our retirement accounts.” (For the record, private retirement accounts in the United States amount to a government bonanza – more than $18.5 trillion, according to a 2010 study by the Investment Company Institute).

government will “take our 401(k)s, they will say, ‘You’ve all had such hard times earning money in your 401(k), so what we’re going to do, we’re going to save you, we’re going to give you government bonds, which are guaranteed, 30-year government bonds and you will get 3 percent, and you give us your retirement assets.'”

The current U.S. debt is nearing $17 trillion, or about 105 percent of our annual GDP (gross domestic product) of about $15.5 trillion.

“I don’t doubt [the confiscation] at all; and they will use force and they’ll use intimidation,”


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Ha, ha – just kidding!  Hope n’ Change has absolutely no desire to see the Whitehouse burn to the ground with everyone inside, screaming for help which would never come. Quite the contrary, we have exactly the same amount of genuine concern that Hillary Clinton and Barack Obama had for the diplomatic mission in Benghazi and its ill-fated occupants.

However, if we were eager to see the Whitehouse go up in a roaring inferno (which we’re not!), turning the many empty suits to soot, it might be because of the flaming lies which continue to spew out of the place.

On the Sunday morning news show, “Fake the Nation,” Senior Obama Advisor Dan Pfeiffer stated that it was 
“irrelevant” where B. Hussein was during the Benghazi massacre, “irrelevant” who changed (ie, falsified) the talking points, and that laws concerning the IRS terrorizing of Tea Party groups are – you guessed it! – “irrelevant.”

Clearly, the message from the administration is that we shouldn’t get so attached to government officials, government buildings, or the truth.

All of which will help console us a lot
 if the Whitehouse just happens to go up like the Hindenburg one of these days. We would, as a nation, have to face it bravely…then cheer ourselves up a few hours later by going to Las Vegas.

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