Will the US government intervene in your Retirement Savings?

16 Feb

Save Money

Save Money (Photo credit: 401(K) 2013)

According to Bloomberg (“Retirement Savings Accounts Draw U.S. Consumer Bureau Attention”), the U.S. government has recently expressed an interest in controlling the private pension savings of U.S. workers.

“The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.”

Oh, yeah.  We’re from the government and we’re here to help you.  And, despite the fact that we (the gov-co) are broke and bankrupt due to our own gross and even treasonous mismanagement of government tax revenues, we think it’s time that we now “protect” the $19 trillion you peons have saved.

Therefore, we’d like control over your private pensions and savings so we can deposit your funds into those investment vehicles likely to generate the best return on your dollars.

And what could possibly be a better investment than the gov-co bonds, pension funds, Medicare, Medicaid, ObamaNoCare, etc. that help keep your beloved (but bankrupt) gov-co afloat?

Simply put, the idea that a government that has driven itself (and perhaps this nation) into bankruptcy should nevertheless be trusted to control and manage the private savings of the American people is too freakin’ absurd to even consider.

The gov-co wants your savings so it can also urinate them away just like it’s urinated away our jobs, our industries, our prosperity and the American Dream.

If you are dumb enough to trust your savings to a bankrupt government, then you deserve the personal bankruptcy and poverty that’s coming your way.

Although it’s unclear that government can, as yet, legally “take control” of your savings, we can assume that laws may soon be passed to “legalize” that “taking”.  If you trust government and wait until those laws are passed it may be too late to save your savings.  On the other hand, if you act now to remove your savings from funds subject to government takings, and convert your savings into something tangible like land, tools, guns, silver or gold—you might not wind up completely impoverished when government comes to “help” protect your savings.

I you want to survive, you’ve got to stop trusting these crooks.   You’ve got to think in terms of protecting yourself.

You may have protected your savings from burglars, robbers, natural disasters and con-artists.  But if you haven’t protected your savings from your government, you haven’t protected your savings.,


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8 responses to “Will the US government intervene in your Retirement Savings?

  1. james iler

    February 16, 2013 at 3:46 PM

    Hi Al: You might want to check or correct for clear understanding:   2nd para  “protect”    and last para: savings                     Just want to be of help,   Peggy

    • Adask

      February 17, 2013 at 3:08 PM

      Thanks. It is so hard to proof-read my own articles, especially if I’ve just written them. I know what I meant to write and so, when I proofread, I don’t necessarily read what I’ve actually written–I proofread my memory of what I intended to write. If I come back a day or two later when the memory of what I intended to write is gone, my ability to proofread increases significantly. But even then, it’s hard to proofread my own articles.

      Thanks again.

  2. pop de adam

    February 16, 2013 at 5:31 PM

    I recently read this article and thought I would share:

  3. palani

    February 17, 2013 at 3:18 PM

    In the ’80s when they came up with the IRA I was a bit suspicious. They had all these rules to put money into these accounts and no rules (at the time) on how to remove the funds.

  4. EarrlinOregon

    February 18, 2013 at 1:52 PM

    “If, from the more wretched parts of the old world,
    we look at those which are in an advanced stage of improvement,
    we still find the greedy hand of government thrusting itself into every corner and crevice of industry,
    and grasping the spoil of the multitude.

    Invention is continually exercised,
    to furnish new pretenses for revenue and taxation.
    It watches prosperity as its prey and permits none to escape without tribute.”

  5. Yartap

    February 18, 2013 at 7:56 PM


    Amen! Brother!

  6. Vicki Freyholtz

    February 23, 2013 at 1:29 PM

    Definitely Not ! Look how they have robbed Social Security !


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