Be afraid:

greekbanks


Be VERY afraid:

401k

American progressives aren’t looking to Greece as any kind of a warning sign — they’re observing what’s going on for lessons on wealth confiscation. This is why progressives need to be voted out of power in America, which, at a presidential level, I’m taking a “we’ll see” attitude with low expectations.

Comments

7 Responses to “Greece looking to raid bank deposits as a bit of saliva forms in corner of Obama’s mouth”

  1. Marshall_Will on July 6th, 2015 2:30 pm

    More RightWingParanoia… It's all been debunked by Fact.Check.org!
    http://www.factcheck.org/2012/12/no-government-40

    But how can there be any serious treatment of the topic without so much as MENTION of Prof. Teresa Ghilarducci? She and her "New School" have been stumping for a government takeover of 401k's for years! Ann Barnhardt ( who called the MF Global collapse to the hour btw ) breaks it down:
    http://ncrenegade.com/editorial/the-401k-confisca

  2. Marshall_Will on July 6th, 2015 2:37 pm

    Ann notes there's an exemption FOR government employees and likely the grifting will be done to the benefit of Andy Stern and the SEIU to backfill their unfunded pension obligations. As well as other union backers.

    I know we've implored all conservatives to gird their loins and this is just another call to arms we just don't have gumption to answer? But it's a fight we absolutely cannot afford to LOSE.

    It will be the same trial balloons [initially] and the language will be well massaged. Of course it'll all be 'voluntary' and if you like your 401k you can..? But in the end, they'll try to cattle prod it down our throats. You'll never see another DIME of your 401k or IRA rollover.

  3. Marshall_Will on July 6th, 2015 4:21 pm

    "Under the false pretense of calling for new and tougher so-called fiduciary standards for financial brokers, advisers and retirement plan representatives, the White House once again horned in on Wall Street’s compensation formulas."

    So this means Jon Corzine is going to prison RIGHT? Yeah, you could see this coming for MILES and it's a big part of the reason I hung up my sec. license. The industry already has the toughest standards imaginable and growing more intrusive each year.

    Reg's like decimalization and account minimums etc. were making it harder and harder for smaller investors and biz owners to get their foot in the door. As a broker you were constantly on a regulatory tightrope. Soros? Not so much!

  4. Marshall_Will on July 7th, 2015 10:21 am

    And… The Final 401k Solution

    Ahem, isn't this STUNT kind of… A.One.Shot.DEAL?

    After their One Time Expropriation, who in their right fricken MIND is going to put one more thin DIME in "their" "401K" !? Or will *mandatory* 'contributions' become the order of the day?

    If THAT'S the case, put me, well, ALL of us down for self-employment because to remain a W-2 employee will be a vow of POVERTY and perpetual exploitation. Probably didn't think of that DID they?

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  6. Marshall_Will on July 8th, 2015 12:58 am

    Doug,

    It may be worth noting ( what with all the SSM euphoria going around ) that Terry Bean, a huge Dim donor in Oregon is looking to get his [minor-related] sex case charges DISMISSED.

    I recall Michelle did a thorough article on this perv and I just heard these sad developments on the radio ( locally ) myself.

    http://www.oregonlive.com/portland/index.ssf/2015

  7. home security place on July 19th, 2015 12:56 pm

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    Greece looking to raid bank deposits as a bit of saliva forms in corner of Obama?s mouth : The Powers That Be

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