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Saturday, February 4, 2012

Pension Ponzy Scheming

Hsa 4:6   My people are destroyed for lack of knowledge [...]
http://www.blueletterbible.org/Bible.cfm?b=Hsa&c=4&t=KJV#6

Pro 14:15 The simple believeth every word: but the prudent [man] looketh well to his going.
http://www.blueletterbible.org/Bible.cfm?b=Pro&c=14&t=KJV#comm/15

Pro 22:3   A prudent [man] foreseeth the evil, and hideth himself: but the simple pass on, and are punished.
http://www.blueletterbible.org/Bible.cfm?b=Pro&c=22&t=KJV#3

Argentina seizes pension funds to pay debts. Who's next?:
Here is a warning to us all. The Argentine state is taking control of the country’s privately-managed pension funds in a drastic move to raise cash.  It is a foretaste of what may happen across the world as governments discover that tax revenue, and discover that the bond markets are unwilling to plug the gap. The G7 states are already acquiring an unhealthy taste for the arbitrary seizure of private property, I notice.
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/5504137/Argentina_seizes_pension_funds_to_pay_debts_Whos_next/

Government Wants Retirees to Convert 401 (k) Into Annuities:  Jan. 8 (Bloomberg) –
U.S. investors oppose federal initiatives that would force them to give up control over their 401(k) accounts, the Investment Company Institute said.
http://www.businessweek.com/news/2010-01-12/americans-oppose-proposals-to-limit-401-k-s-ici-says-update2-.html

Mandatory IRAs May Burden Small Employers, Business Group Says
http://www.businessweek.com/news/2010-01-25/mandatory-iras-may-burden-small-employers-business-group-says.html

US state pensions becoming federal issue (May 19 2010)
http://www.ft.com/cms/s/0/b9d90504-6379-11df-a844-00144feab49a.html

Obama ally targets 401(k) dollars 
Trillions in IRA funds could be forced into U.S. Treasury debt
http://www.wnd.com/index.php?fa=PAGE.view&pageId=132061

Dems Target Private Retirement Accounts
http://www.carolinajournal.com/articles/display_story.html?id=5081

For nations living the good life, the party's over, IMF says
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/23/AR2010042305258.html?hpid%3Dtopnews

Government Prepares To Seize Private Pensions
Posted By Kurt Nimmo On October 12, 2010 @ 7:34 am
Paul Joseph Watson October 12, 2010
http://www.infowars.com/government-prepares-to-seize-private-pensions/print/

Treasury to Raid Pensions to Pay for Government Operations
http://www.infowars.com/treasury-to-raid-pensions-to-pay-for-government-operations/print/

Irish Bombshell: Government Raids PRIVATE Pensions To Pay For Spending
http://www.businessinsider.com/irish-bombshell-government-raids-private-pensions-to-pay-for-jobs-program-2011-5

State pension + debt = big numbers
http://cnnmoney.mobi/wk_snarticle?articleId=urn:newsml:CNNMoney.com:20110127:pension_debt_liabilities:1&category=cnnm_business

US Cities Face Half a Trillion Dollars of Pension Deficits
http://m.cnbc.com/id/39626759

Sarkozy stands firm as pension protests escalate - Europe, World - The Independent
http://www.independent.co.uk/news/world/europe/sarkozy-stands-firm-as-pension-protests-escalate-2105000.html

Florida pension agency head blurs line between state, personal business
http://billionaires.forbes.com/article/0aeZelS07W4n2

Argentina's Lower House Approves Pension Takeover (Update2) - Bloomberg.com
http://www.bloomberg.com/apps/news?pid=20601086&sid=aWq5gYftpxnc&refer=latin_america

Failed Banks May Get Pension-Fund Backing as FDIC Seeks Cash
http://www.infowars.com/failed-banks-may-get-pension-fund-backing-as-fdic-seeks-cash/

Kiyosaki mania
Robert Kiyosaki's made millions bucking the system. Now others are rushing to join him.
October 30, 2002: 4:21 PM EST
By Leslie Haggin Geary, CNN/Money Staff Writer
New York (CNN/Money) - They wanted to be rich, like him.
"Rich Dad's Prophecy" - his most recent book - predicts that the market will crash around 2016 when the oldest Baby Boomers start cashing out their 401(k) plans. Individuals whose savings are locked into 401(k) plans will suffer because these retirement plans, aren't flexible and don't do well in a bear market.
http://money.cnn.com/2002/10/23/pf/saving/q_kiyosaki/

Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming… and How You Can Prepare Yourself and Profit from It! (October, 2002).
rner Books, Incorporated. ISBN 0-641-62241-4.
http://www.amazon.com/Rich-Dads-Prophecy-Coming-Yourself/dp/0446690341

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