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Thursday, January 30, 2014

IRA Confiscation: It's Happening

I have an old acquaintance named Sam who has a hell of a deal for you.

Sam is actually a pretty famous guy with a big reputation. Unfortunately he has been a bit down and out on his luck lately… but he’s trying to make a comeback. And Sam is prepared to float you a really great investment opportunity.

Here’s the deal he’s offering: you give Sam your hard-earned retirement savings. Sam will invest your funds, and pay you a rate of return.

Granted, the rate of return he’s promising doesn’t quite keep up with inflation. So you will be losing some money. But don’t dwell on that too much.

And, rather than invest your funds in productive assets, Sam is going to blow it all on new cars and flat screen TVs. So when it comes time to make interest payments, Sam won’t have any money left.

But don’t worry, he still has that good ole’ credibility. So even though his financial situation gets worse by the year, Sam will just go back out there and borrow more money from other people to pay you back.

Of course, he will be able to keep doing this forever without any consequences whatsoever.

I know what you’re thinking– “where do I sign??” I know, right? It’s the deal of the lifetime.

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3 comments:

KA-BOOOOM said...

The 10 Gauge with 000 buckshot is ready

Anonymous said...

I like Uncle sugar better.

Anonymous said...


Established with a stroke of his pen; gone with another stroke when it suits him.

The reality is anyone can buy Treasuries right now and enjoy the exact same 'benefits' he proposes to provide.

Same for his higher Fed MW move for federal contracts. Check out Davis-Bacon Act for what the real impact will be.

Plus Congress has the power to stipulate wages for future projects, if they wish.

All show; no go! Just more BS for the serfs!