This was recently done in Spain. $300 billion was siphoned off from government retirement accounts to buy Spanish bonds (soon to be worthless).
Soon, the Feds may require YOU to buy treasury bills (government IOU’s) with your 401k retirement savings. Don’t think so? guess again, they are laying the groundwork as we speak.
Our socialist government and elites will retain power and continue their addiction to spending no matter the cost. They won’t stop until they’ve spent all of the “other people’s money” that is left in the system. I don’t think they’ll figure out a way of confiscating your physical gold, as long as it’s at your house (but I could be wrong). They may have gold and silver sniffing dogs.
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4 comments:
Uncle Joe Biden has already proposed this.That should set you seniors that voted for Obama off.
YES, America is experiencing the incremental progression of Communism under the Obama regime.
I was under the impression that Ob' had already done this to our social security fund and the postal worker's fund.... Just like Om' did to the MD transportation fund. Spanish war lords learned their lesson from the U.S.
Keep voting. You can't help but be happy with what you got....they didn't hide anything or try tricking you. You went along merrily and content in the "knowledge" that we can borrow trillions, promise 200 trillion (read that again) in "benefits", go trillions more in debt every year and SOMEHOW, someway, perhaps by magic!!, it will be okay. The ones at the end of THAT daisy chain of lies and propaganda are totally screwed and don't even know it. Uh, that would be us. When is the next election?? Man! I can't wait!
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