Here is something that will make all retirees choke
Dec 20, 2013 12:28:00 #
Dec 20, 2013 12:49:21 #
I recall hearing a few years back about a government plan to "take charge" of people's IRA's and 401K's and offer a monthly retirement income in return. I believe I was listening to a program on the radio sponsored by GoldLine Precious Metals, so I'm inclined to think this is a continuation of that ideology.
I have no doubt our criminals in government (politicians) are enviously eyeballing private citizen's savings and trying to figure out how to gain access to same. But I think your referenced link is merely advancing an agenda of their own. Commodities such as gold, silver, etc. are not generally accepted as wise investments for retirement funding.
Don't get me wrong...I firmly believe in keeping an "eagle-eye" on our criminal government to protect what is rightfully ours and prevent them from creating a legal path to steal from us further. But the referenced article doesn't really alarm me.
Excellent post, sir! Thank you!
I have no doubt our criminals in government (politicians) are enviously eyeballing private citizen's savings and trying to figure out how to gain access to same. But I think your referenced link is merely advancing an agenda of their own. Commodities such as gold, silver, etc. are not generally accepted as wise investments for retirement funding.
Don't get me wrong...I firmly believe in keeping an "eagle-eye" on our criminal government to protect what is rightfully ours and prevent them from creating a legal path to steal from us further. But the referenced article doesn't really alarm me.
Excellent post, sir! Thank you!
Dec 20, 2013 13:23:57 #
Dec 20, 2013 14:05:12 #
At the moment Danilo is correct, in my opinion but there is something that troubles me greatly.
This happened in a democratic country and if the government there backed down it did not completely and still seized cash assets w/o reason other than placate their own failures.
I would had not noticed or paid attention if it was in Africa or some areas of Asia but it was in Europe and within the European community.
At the time I saw it not as an error but as a test, to see how the population would react to this type of behavior. Since the EU did not react at all I became even more convinced that this was more serious than I ever thought. (I look at myself as being on the bit of a loony when it comes to government and my distrust in them).
So what was the country? A small one, very small, Crete. Not much to speak of, really, the debt was not all that great either, compared to ours. If there were protests in Crete there were no reaction anywhere in the world about this, after all, it was not 'my country'. The protests were kind of muted and if the government there backed down it really did not. Instead it seized money from foreigners who were using their banking system under the fallacious pretext that it was money laundering from Russia. No jury, no trial, just a decree.
One could have thought that would have created a storm since the allegations were just that, allegations. Russia did not react at all, which let me wonder how deep this 'test' really was.
While the article is obviously a scare tactic infomercial (gold had dropped dramatically since) there is a real danger, not for the retirees but for all to be simply robbed through a state decree.
Consider that the state represents us, as citizen, is not the debt ours instead of some wild unfathomable number we cannot begin to understand? Is it not our responsibility to pay it back as individuals and as such, cannot be our assets seized?
The government is being run like a company who has stocks in NY. In a way it does, under the form of bonds. If some of those company do produce something they are similar to the governments in many ways: Their stock value is closely tied to the confidence of folks buying them. Look at BP whose stock floundered to an incredible low of bellow $10.00 when the accident and pollution that ensued took place off Louisiana? The 'bond value' of the US depends of the same thing and has the same problem, there is no way in hell a company like BP has trillions of dollars worth in assets yet this is were it stands. A country has the assets but it is divided within its population that keeps electing incompetent sometime criminally insane politicians so in the end?
We are responsible.
This happened in a democratic country and if the government there backed down it did not completely and still seized cash assets w/o reason other than placate their own failures.
I would had not noticed or paid attention if it was in Africa or some areas of Asia but it was in Europe and within the European community.
At the time I saw it not as an error but as a test, to see how the population would react to this type of behavior. Since the EU did not react at all I became even more convinced that this was more serious than I ever thought. (I look at myself as being on the bit of a loony when it comes to government and my distrust in them).
So what was the country? A small one, very small, Crete. Not much to speak of, really, the debt was not all that great either, compared to ours. If there were protests in Crete there were no reaction anywhere in the world about this, after all, it was not 'my country'. The protests were kind of muted and if the government there backed down it really did not. Instead it seized money from foreigners who were using their banking system under the fallacious pretext that it was money laundering from Russia. No jury, no trial, just a decree.
One could have thought that would have created a storm since the allegations were just that, allegations. Russia did not react at all, which let me wonder how deep this 'test' really was.
While the article is obviously a scare tactic infomercial (gold had dropped dramatically since) there is a real danger, not for the retirees but for all to be simply robbed through a state decree.
Consider that the state represents us, as citizen, is not the debt ours instead of some wild unfathomable number we cannot begin to understand? Is it not our responsibility to pay it back as individuals and as such, cannot be our assets seized?
The government is being run like a company who has stocks in NY. In a way it does, under the form of bonds. If some of those company do produce something they are similar to the governments in many ways: Their stock value is closely tied to the confidence of folks buying them. Look at BP whose stock floundered to an incredible low of bellow $10.00 when the accident and pollution that ensued took place off Louisiana? The 'bond value' of the US depends of the same thing and has the same problem, there is no way in hell a company like BP has trillions of dollars worth in assets yet this is were it stands. A country has the assets but it is divided within its population that keeps electing incompetent sometime criminally insane politicians so in the end?
We are responsible.
Dec 20, 2013 14:09:49 #
The joke is on them! Spent all my money. Camera stuff, guns and ammo.
Dec 20, 2013 18:35:10 #
Danilo wrote:
I recall hearing a few years back about a governme... (show quote)
I hear what you say but I have seen this subject broached a number of times in recent months and that worries me. My advice to people would be to protect their assets in such a way that the government can never get their hands on it. One way is to invest in property overseas. There are legal ways of doing that through your IRAs.
Dec 21, 2013 06:29:46 #
bcheary wrote:
I hear what you say but I have seen this subject broached a number of times in recent months and that worries me. My advice to people would be to protect their assets in such a way that the government can never get their hands on it. One way is to invest in property overseas. There are legal ways of doing that through your IRAs.
I don't think it is my place to criticise a government that is not mine so I will stay out of that side of this debate. However I would say be very wary of overseas property investment. Our Government are already considering ways of taxing similar investments in the UK and it was only a couple of years ago that Spain repossessed property from foreign buyers with as I recall little or no compensation. Also where one government leads the rest are sure to follow if it swells the coffers of the state.
Dec 21, 2013 07:35:29 #
Our government is doing now by continuously raising the retirement age and taxing more and more of our retirement income.
Dec 21, 2013 07:54:18 #
Crete is not a sovereign country. Crete is an administrative region of Greece. Your assertions about this taking place in Crete are not correct. Something similar to this did happen to the "country" of Greece but it was not a trial balloon. It was one of the requirements of the European Community to bail Greece out of it's self created financial mess. You need to get your facts straight and perhaps a geography book might help as well.
The situation that Greece finds it's self in today is exactly where we are headed.
The situation that Greece finds it's self in today is exactly where we are headed.
Dec 21, 2013 08:52:25 #
Sounds like the govt. wants to be the "savior" . . . of Ur $ ... like SS.
$16.00/month more in 2014. . . . But wait! Wis State food share stamps decided to place me on a diet! $14.00 less per month.
Therefore I'm exactly $2.00 ahead of the game per year.
How fortunate I am!!!!!!!!!!
$16.00/month more in 2014. . . . But wait! Wis State food share stamps decided to place me on a diet! $14.00 less per month.
Therefore I'm exactly $2.00 ahead of the game per year.
How fortunate I am!!!!!!!!!!
Dec 21, 2013 09:01:58 #
ole sarg
Loc: south florida
Quit with the facts!
The myth spread and believed by these right wing nuts is far more entertaining!
The myth spread and believed by these right wing nuts is far more entertaining!
SBW wrote:
Crete is not a sovereign country. Crete is an admi... (show quote)
Dec 21, 2013 12:42:28 #
Robert Graybeal wrote:
The joke is on them! Spent all my money. Camera stuff, guns and ammo.
:thumbup: :thumbup: :thumbup:
Dec 21, 2013 12:57:40 #
Spindrift62 wrote:
I don't think it is my place to criticise a govern... (show quote)
You have to pick the right countries. Panama, Costa Rica and Belize are safe countries.
Dec 21, 2013 12:58:12 #
jadeast wrote:
Our government is doing now by continuously raising the retirement age and taxing more and more of our retirement income.
:thumbup: :thumbup:
Dec 21, 2013 12:59:59 #
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.