IRA

From THE GOLDEN TRUTH and Dave in Denver, here's a bit of holiday cheer.

Click anywhere below for the entire piece ... recomended as it makes perfect sense.

At least to us.

Think Your IRA Is Safe?  Better Think Again

The MF Global bankruptcy is a blueprint for how the Government and wealthy bankers will begin to take everything that is kept within the confines of the financial system.

Ten years ago I tried to tell many friends and acquaintances that housing prices would collapse and this country was headed for disaster and that the only only way to protect themselves financially was to load up on gold and silver.   Almost everyone looked at me like I needed my own floor in the mental health wing at Belleview Hospital in NYC.  Of course, that was back when gold was around $300/oz. and housing prices were on average about 50% higher than they are now.

As I run into these folks these days, they compliment me for my ability to see into the future and immediately want to know what I think will happen next.   My only logical response is to say that they don't want to know what I think because, just like 10 years ago, they'll think I'm crazy.   I add that I hope I'm wrong this time about what I think is coming but that I doubt that I am.

I bring this up because one of the things that I believe will eventually happen is that the Government will find a way to confiscate all retirement assets (IRA's/401k's).   But rather than outright taking them, they'll substitute them with some kind of retirement "annuity" that is funded with good old Treasury bonds.   Of course, by that point in time, the Treasury bond printing press will be working overtime to print currency the Government can use to stay afloat.

"The great virtue is consumption, extravagance, improvidence.

The great vice is saving, thrift and ‘financial prudence ...

... If there are no savings there is no private money for investment.

Without private investors the government must provide investment capital.

If the government provides for investment, it has the power to dictate the conduct and processes of those who need investment capital."

The above quote was taken from Zygmund Dobbs' book, "Keynes at Harvard"

The economic theory's of John Maynard Keynes are those that are being practiced by all of the governments presently in power throughout the entire western world and much of the east including Japan.

It came to my attention in an email blast that evidently I must subscribe to from Brian Hicks at Energy and Capital ominously titled'

"Obama Wants to Spend Your Retirement Money".

Which by the way, I believe.

If I've said it once, I've said it a thousand times,

"The fact of my paranoia is in no way evidence that they're not out to get me."