IRA's and 401k's ARE At RISK Of GOVERNMENT CONFISCATION!

The Labor and Treasury department, along with the Obama Socialist Administration, are moving forward with The Nationalization-Confiscation of IRA and 401K plans.

Why do they Want Your Retirement Accounts? Your equity will be used as collateral; in an attempt to balance the Trillion Dollar U.S. Deficit run up by Obama and his Democrat cronies in Congress. This will be done in an effort to once again make the United States credit worthy to China and other buyers of our debt.

The Most Recent meeting held on September 14th and 15th, between the Labor and Treasury Departments outlined the Course of Action:

The agenda is called "Lifetime Income Options for Retirement Plans". (I would call it the Government Ponzi Plan to Confiscate the only vast pool of Money they have not yet been able to get their hands on.)
The Federal Government will Control an estimated $3.613 Trillion Dollars in IRA's and $2.350 Trillion Dollars in 401ks.
Your Equity will be placed in U.S. Treasury Bonds, that will Pay out an estimated 3% annually.

One major clause is that upon retirement, the value of the Your Retirement Account will be placed into Annuities. Once an individual dies, the value of the Account will Automatically become property of the Government. (WHAT! I mean WTF!). The Program will be structured much like Social Security Accounts (the biggest Ponzi Scheme ever created).

The Only way Government would get away with what will be "The Largest Heist Known To Man" is by Allowing or Creating a Major Financial Market Meltdown! An aging person who sees his or her Retirement Account Drop 50%-60%in a matter of Days.... Is More willing to take a Conservative Approach... Even if it means "Government-Guaranteed Income".

The move toward Nationalization of IRA's & 401ks will Initially be Offered as an Option. Those who are Unwilling to accept Government Run Retirement Accounts, will be Stripped of their Current Account Tax Benefits. You'll be Forced to Pay Taxes on your Holdings, Automatically Wiping Out One-Third of your Wealth! This will Take place After the Stock Market Drops an Estimated 40-60%!

If the Following Indicators are Right... A Stock Market Crash is imminent!

-Unsustainable U.S. Debt

-Real un-employment continues to Rise

-Housing market continues to Drop

-Failing Banking System (2-7 Banks Fail Weekly)

-Lower Quality of Life (1 in 8 Americans are now on Food Stamps)

A Massive Crisis is Brewing! Remember The Government Phrase: "Never waste a good crisis"

Our best hope to prevent this from happening is to get back to our Conservative principles. The Republican takeover of the House and the Tea Party movement are the first steps in the right direction. But its up to each and every one of us to keep up the pressure on your Congressman to become more fiscally responsible, eliminate non-essential government programs, and be especially careful who you cast your vote for in the next election cycle.
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