Connect the dots, and say bye bye to your 401k, pension, etc

[Yummi]

OK, 

This has been brewing for a few years.  You have to follow it to know WTF.  We it was discussed a few years back it got no press.  Still does not. 

Here it is in a nut shell.  The country sucks.  We are in debt.  At some point there will have to be a "wealth tax" to keep the .gov going.  In retirement accounts there is in excess of $19t.  To put that in perspective our total economy is $17t annual.  (We spend about $4t vs revenue of $3+t at the Federal level) OK, big numbers.  Crash course:  1,000 million is a billion.  1,000 billion is a trillion.  So, 1t is 1 million million. 

A few years back Obama discussed during the state of the union a concept called "MYIra."   Promises of funding retirement with "no risk of loss." (Well, lets not discuss negative returns after inflation. )  Essentially he was selling .gov bonds.  Return on those is well, retarded low.  But, to fund the machine the .gov needs to sell them.  How to do that?  We are exhausting current options and it is just fun with numbers.  We need a whole new group of suckers investors to tap into.

Last week the Supremes, in a unanimous decision, stated that employers have an OBLIGATION to protect employees 401k accounts from excessive fees and or poor performance in retirement funds.   I suppose this would be extracted to pension funds and any form of retirement account.   

What oh what is the "solution" to this "problem?"  How do we protect the masses from loosing money in their retirement accounts? 

I know:  MyIra. 

That's right, coming soon, I would venture within two years or so, your .gov forcing you to buy your .gov bonds.  All for your protection. 

[fabr]

You are just full of good news,yummi.

[dsrace]

it will be just as good and secure as obama care yeeeeeeeeeh   

[Carlriddle]

Oh Yeah!!!  A hot sexy new form of Social Security for the young. 

My guess is that your chances of receiving $$$ are about as good as buy lotto tickets. 

[Yummi]

You are just full of good news,yummi.

You still grumpy the Busa is dead? 

Was all caught up at work and bored.  Woke up this morning to a week's worth of new work. Good to be busy.  I have several large urban families to support. 

Back to the salt mines. 

[fabr]

You still grumpy the Busa is dead? 

Was all caught up at work and bored.  Woke up this morning to a week's worth of new work. Good to be busy.  I have several large urban families to support. 

Back to the salt mines.

Busas won't be dead till there are a zillion Kaw's to be had cheaply. Busas are the SBC of the MC world. They will be around for a long time still.

[BDKW1]

401K? What's that? I invest in machinery and automobiles........

[dsrace]

at the rate they are robbing peter to pay paul a good investment may be ground in canada lol 

[fabr]

401K? What's that? I invest in machinery and automobiles........

Same here. I'm also reinvesting in the business. Looking for that next level so my kid will do well and I can say eff it. LOL!!!!!