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alstry (35.45)

Time to Confiscate 401Ks and IRA?

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August 26, 2009 – Comments (14)

Let's think about this folks....Social Security is running out of money and actuarily, as we keep laying off workers and slashing wages while our population ages......we need to find a new source to fund Social Security.

The money simply can't be printed out of thin air or we all know that the money will be worthless like Zimbabwe....and then we are all broke as few will be able to buy anything.

And now that government is running $2 Trillion dollar deficits......really the only place left to get money is either our 401Ks/IRAs, investment accounts, or bank accounts.

Which one do you think it will be? all three?.....and by the way, this is not fear mongering.....it is a mathematical fact that we are out of money......but most of you Fools are too big of wimps to want to intelligently confront a very serious issue facing our nation.....but for what its worth, you are in good company with out politicians.

We have tens of millions of Americans dependent EXCLUSIVELY on social security for their income.  We promised them the money would be there when they retired.  NOW WE ARE OUT OF MONEY.

In the end, I can promise you one thing....politicians will tell you what they are taking....whether you like it or not....just ask the residents of Lousiana who are getting levied with additional property taxes after the state just lost a lawsuit......the of Social Security as the mother of all verdicts.

At this point, it is your choice, try to deal with the issue head on, or whine about Alstry and deal with the consequences.

14 Comments – Post Your Own

#1) On August 26, 2009 at 2:56 PM, InflationSilver (99.95) wrote:

Alstry can't have too much time left posting the same stuff, right?

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#2) On August 26, 2009 at 2:57 PM, brickcityman (< 20) wrote:

Interesting...

 

Perhaps everyone should go out and plunk down their money on risky bets...  This way either you win big and the gubment cut doesn't hurt so bad.  Or you fold up and can relish in cheating the gubment from the money they seek...

 

Oh wait... I think we just tried that....

 

;-)

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#3) On August 26, 2009 at 2:57 PM, alstry (35.45) wrote:

Interesting....more avoidance.

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#4) On August 26, 2009 at 3:10 PM, USNHR (33.33) wrote:

Story

 Second Story

Alstry,

 While I don't always agree with you, I do worry about what the government might consider in order to increase the amount they can tax us.

Social Security failed the first day the US decided to write it an IOU to it, 401K's will follow that road if Uncle Sam gets involved anymore than they are.

Keep up the thought provoking posts.

 

 

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#5) On August 26, 2009 at 3:22 PM, brickcityman (< 20) wrote:

Sorry alstry, was just tyring to lighten the mood... you know... gallows humor...

 

So do you consider an action of this sort to be a "tipping point" so to speak, in terms of one that might spark the foretold events of 9.09?

 

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#6) On August 26, 2009 at 3:24 PM, BMFPitt (72.68) wrote:

8/10 on your concern troll.  You should have added in quotes from Congresscritters to lead people to believe this was imminent.

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#7) On August 26, 2009 at 3:25 PM, alstry (35.45) wrote:

brick,

I wasn't directing my response at you...notice we did them at the same time and both started with interesting....

interesting;)

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#8) On August 26, 2009 at 3:41 PM, ikkyu2 (99.32) wrote:

There is no need to overtly confiscate 401ks and IRAs. 

Money is a unit of account and a store of value.  There is a limited amount of land, labor and capital in the US.  In the final analysis, there is a finite amount of value in the present and future assets and earnings of the U.S.A., taken together.


All the money supply of the US serves to "account" for this value, including the money in 401ks and IRAs.

Now print money freely, doubling the money supply overnight.  The amount of money in 401ks and IRAs does not change.  The total value of the USA, for which the money supply accounts, does not change.  But now, the money in the 401ks and the IRAs accounts for only half as much of the total value of the USA as it did before the inflation.

That is how to confiscate a 401k or an IRA without doing anything politically inexpedient.  Politicians know this is the well that never runs dry.  The error is putting politicians in charge of the money supply.  As alstry has repeatedly pointed out, this is a monstrous error.

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#9) On August 26, 2009 at 3:48 PM, alstry (35.45) wrote:

ikky,

aren't you effectively saying the same or similar conclusion.

Then factor that we are an import based economy, unlike Zimbabwe, with a massive deficit, and once the printing begins, the flight from currency will be enormous and interest rates will get out of control and printing will beget printing leading to a valuless currency.

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#10) On August 26, 2009 at 4:03 PM, usmilitiadude (31.49) wrote:

Will the US debt limit be raised in time?

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#11) On August 26, 2009 at 4:14 PM, alstry (35.45) wrote:

US,

At this point....from a legal perspective anyway, most points are really mute.  Even trying to pick a good investment is speculative as none of us know how this systematic insolvency will fall out and how the burden will be allocated on the citizens.

We have destroyed the credibility of our currency and our banking system and the only thing from preventing the world from shutting us down is a very accurate nookliar offense system.

We are for the first time in American History printing massive amounts of money producing relatively nothing.  In the great depression, we forced out citizens to stand in line for food because we wanted to build a nation on integrity and a solid foundation.

We have destroyed generations of hard work and now hanging on by a couple threads.

It has been very intresting to observe.  Back in March when we allowed our banks to lie about their assets, we traded a few months of a rising stock market for a generation of massive distress....

it is just a matter of time....9.09

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#12) On August 26, 2009 at 4:25 PM, alstry (35.45) wrote:

WELCOME TO THE PONZI ECONOMY

Heineken  said its first-half net income rose 20% to 489 million euros ($700 million), with revenue up 11% to 7.14 billion euros.

Despite a 7% drop in comparable beer volume, the Dutch brewer said price hikes, cost cuts and the purchase of a British pub operator's debt drove the profit rise.

http://www.marketwatch.com/story/heineken-stock-jumps-after-20-profit-rise-2009-08-26?link=kiosk

WHO NEEDS TO SELL STUFF ANYMORE TO MAKE PROFITS.....FIRE EVERYONE AND JUST BUY AND SELL DEBT.....

THE ONLY PROBLEM IS NO ONE IN THE WORLD WILL BE EMPLOYED IN THE END.......AND THE DEBT WILL BE WORTHLESS.

WHOOOOPS.

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#13) On August 26, 2009 at 5:05 PM, JerseyShoreGirl (< 20) wrote:

Fools .. What I've learned how to do over the 2+ years is keep an open mind.  What Alstry blogs about is disturbing .. but he does cite facts and it doesn't take a rocket scientist to realize how this could possibly end; we can probably all agree it's not going to be pretty.  Could be a number of grim scenarios that come to fruition. 

Ok, so I accept Alstry facts or the case he has laid out.  If I were in a class and Alstry was my professor, I would raise my hand at this point and say .. "Since it seems like this financial crisis was engineered quite some time ago to lead us to this point, was there an 'end game' in mind ... like collapse of capitalism or was it a short-sighted scheme to increase the tax base?" 

At this point in time, I think we are beyone the 'what' and should start asking ourselves the 'why' and start pulling the curtain back a little .. ok, we're in deep doo doo ... some things done (and that are STILL being done) seem intentional ..... SO WHY IS THIS ALL HAPPENING?  WHO IS BEHIND IT .. and what is the scope of it.  Conspiracy?  Maybe.. but isn't that how all good detectives solves crimes .. with evidence and a theory of motives.  Lay down your political party hats, fools and open up your minds.

A year or so ago, I would have dismissed someone like myself as a tin foil hat wearer ... but after reading extensively and exposing myself to a plethora of various sources, I see pure evil here .... Just my opinion, of course.

I came across this post today .. and I thought I'll share it because it may open up your mind .. I'm not suggesting that I agree with all of these details .. but reading it is a good exercise in pulling back the curtain and realizing there are many 'fronts' to this situation and so much must be taken into consideration to get your mind around what may be playing out.

PART I:

Friends, today’s post is going to be one of those that will make you want to put on your little tinfoil hats and start looking out of the side of your eyes at everyone around you. Or at least at anyone that drives a big black SUV with out of state plates. I want to provide you with some interesting facts and a rather disturbing hypothesis about certain events and chains of events that have been happening for the last several years. But before I get into those events I have to ask you to do a couple things for me: First, I must ask you to suspend your disbelief of the possibility of a government conspiracy. For some that will be easy as you see the government as the root of most if not all evils that are rampant in our Republic today. That is a topic that we can and most likely will debate later. For now, let’s focus on this little piece of the pie. The second thing that I am going to ask you to do is to try to look at our government through the eyes of our Founding Fathers.

First things first; I need for you to go ahead and put on your little tinfoil hats and seriously consider the idea that our government has been planning for decades to disband and dismember our Constitution and do away with our Representative Republic as laid out by our Constitution and its creators. I need you to seriously think about how this might be possible given the advanced state of Leftist execution of their goals over the last 18 months.

Whenever a crime is committed in the public arena, one of the very first things that law enforcement tries to determine is whether there was a conspiracy. Many times, this does indeed seem to be the case. It seems that it is the natural tendency for those with ill actions on their mind to seek out others of a compatibly sullied soul to help them with their chores. Why then would we expect anything less from our government?

Our founders saw the government as an Evil. One necessary to the preservation of social order, but evil none the less. Much like a vicious dog can never be trusted off its chain, the government must be held under tight control with specifically designed powers to keep it from utterly devouring its own people.

James Madison put it like this in Federalist #51, “It may be a reflection on human nature, that such devices should be necessary to control the abuses of government. But what is government itself, but the greatest of all reflections on human nature? If men were angels, no government would be necessary. If angels were to govern men, neither external nor internal controls on government would be necessary. In framing a government which is to be administered by men over men, the great difficulty lies in this: You must first enable the government to control the governed; and in the next place oblige it to control itself.”

Please keep this in mind as you read what follows. It is merely for your edification and an attempt to get you to look past the blinders that we all put upon ourselves trust those that are called on to serve and protect us. We want to trust that they have our interests at heart, so we fail to see the evil that taints their actions.

PART II:  Pieces in Place

OK, so if you’ve come to this article, then you’ve possibly agreed to follow through on my two requests. Thanks, now hold on because we’re heading down the rabbit hole on this one.

Now we are going to look at the tools and implements already in place by our government that could be used to strip us of our Constitutionally confirmed Rights and Liberties that we have enjoyed up to this point. In the last part of this series, we’ll discuss current events and how they could be used to bring my Great Conspiracy to fruition. So let’s get started.

The first and most glaring tool that the government has in it’s Constitution pruning arsenal is probably the most successful PR campaign in the history of the federal government. The Federal Emergency Management Agency. This is the “benevolent” bureaucracy that everyone comes to for handouts when the City that was built below sea level gets flooded due to the funneling of moneys designed for structural upgrades to levies gets siphoned off by a crooked leftist local and state government. It’s also, who will come running in the event of a national emergency, such as, but not limited to, epidemic, civil unrest, natural disaster, economic disaster, or just about any other local, state, or national “emergency” that might cause the government to declare a state of emergency within the U.S.

Upon such a declaration, the amount of power given to FEMA to perform it’s mandate is staggering. Almost all of FEMA’s powers are derived, not from enacted law, but by Executive Order. Here are the ones that empower FEMA in case of a Presidential Declaration of Emergency:

Executive Order #10990: allows the government to take over all modes of transportation and control of highways and seaports.
Executive Order #10995: Seizure of all communications media in the United States.
Executive Order #10997: Seizure of all electric power fuels and minerals, public and private.
Executive Order #10999: Seizure of all means of transportation, including personal cars, trucks or vehicles of any kind and total control of highways, seaports and waterways.
Executive Order #11000: Seizure of all American people for work forces under federal supervision including the splitting of families if the government finds it necessary.
Executive Order #11001: Seizure of all health, education and welfare facilities, public and private.
Executive Order #11002: Empowered the postmaster general to register all men, women and children in the U.S.
Executive Order #11003: Seizure of all airports and aircraft.
Executive Order #11004: Seizure of all housing and finance authorities to establish Forced Relocation Designated areas to be abandoned as “unsafe.”
Executive Order #11005: Seizure of all railroads, inland waterways and storage facilities, public and private.
Executive Order #12919: Signs June 3, 1994, by President Clinton. Encompasses all the above executive orders.
Executive Order #11051: Specifies the responsibility of the Office of Emergency Planning and gives authorization to put all Executive Orders into effect in times of increased international tensions and economic or financial crisis.
Executive Order #11310: Grants authority to the Department of Justice to enforce the plans set out in Executive Orders, to institute industrial support, to establish judicial and legislative liaison, to control all aliens, to operate penal and correctional institutions, and to advise and assist the President.
Executive Order #11049: Signs emergency preparedness function to federal departments and agencies, consolidating 21 operative Executive Orders issued over a fifteen year period.
Executive Order #11921: Allows the Federal Emergency Preparedness Agency to develop plans to establish control over the mechanisms of production and distribution, of energy sources, wages, salaries, credit and the flow of money in U.S. financial institution in any undefined national emergency. It also provides that when a state of emergency is declared by the President, Congress cannot review the action for six months.
Executive Order #12919: Signed June 3, 1994, by President Clinton. Encompasses all the above executive orders.

With these Executive orders, FEMA is given the ability to suspend every Right given to us in the Constitution. And all that it really needs is for the President of The United States to declare a national state of emergency. It doesn’t have to be a certain type of emergency either. This could be political insurrection, terrorist attack, natural disaster, or Michelle waking up with a bad hair day. There is no limits on what could trigger the uses of the above mentioned powers.

The next tool that the government has at its disposal to help destroy our Constitution is the Military Organization called Northern Command. The following is taken directly from The U.S. Northern Command website:
“U.S. Northern Command (USNORTHCOM) was established Oct. 1, 2002 to provide command and control of Department of Defense (DOD) homeland defense efforts and to coordinate defense support of civil authorities. USNORTHCOM defends America’s homeland — protecting our people, national power, and freedom of action.

USNORTHCOM’s specific mission:
USNORTHCOM anticipates and conducts Homeland Defense and Civil Support operations within the assigned area of responsibility to defend, protect, and secure the United States and its interests.”

In the past, having an organization like UNSNORTHCOM wasn’t a problem because of a post civil war era law called the Posse Comitatus Act. This act made it illegal, punishable by imprisonment, to use military forces inside the United States. With the exception of uses according to the Insurrection Act.

However, in 2007 G.W. Bush pushed for and got a provision added to a bill that allowed the President to use the military as a police force instead of being limited to use only in case of insurrection or rebellion. This drastically changes the balance of power and makes the creation of a martial law declaration much much easier.

To put the Feather in the cap, so to speak, in October of 2008, according to The Army Times, the 3rd Infantry Division’s 1st Brigade Combat Team was assigned to USNORTHCOM for one year. These extremely combat hardened troops would then be rotated out and replaced with another combat team for the following year. This is a permanent shift to having combat ready troops deployed inside the U.S.

The germane point in the article, at least as far as this piece is concerned, is this part here, “In the meantime, they’ll learn new skills, use some of the ones they acquired in the war zone and more than likely will not be shot at while doing any of it. They may be called upon to help with civil unrest and crowd control…”

Now, let’s leave this particular part of the puzzle alone for a second and jump to December, of 2008. A report by the U.S. Army War College, in December, 2008 talked about the possibility of Pentagon resources and troops being used should the economic crisis lead to civil unrest, such as protests against businesses and government or runs on beleaguered banks, “Widespread civil violence inside the United States would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.”

OK I’ll throw one more little piece of information at you, and I want you to look at it in the context of what I’ve given you so far.

This is from an interview with Gen. Tommy Franks in 2003 with Newsmax: “Discussing the hypothetical dangers posed to the U.S. in the wake of Sept. 11, Franks said that ‘the worst thing that could happen’ is if terrorists acquire and then use a biological, chemical or nuclear weapon that inflicts heavy casualties.
If that happens, Franks said, ‘… the Western world, the free world, loses what it cherishes most, and that is freedom and liberty we’ve seen for a couple of hundred years in this grand experiment that we call democracy.’”

If our Republican form of government and its Constitution can be set aside in the event of an attack inside the heartland, what other “Emergencies” might also trigger the loss? That’s the topic of my next and final part in this series:

PART III: The Triggers

Friends, in my first post, I asked you to suspend your disbelief in a government conspiracy and take a trip down the rabbit hole and look at the things that have happened and been put in place that makes the idea of a conspiracy not only believable, but likely.

In my second post, I laid out the tools and authorities that the government could use to bring about a coup to upset the rule of law as laid down by our Constitution. I tried to lay out the “shadow government” that is FEMA, who would have control over all aspects of our lives. I showed you the military arm of the government. All governments rule implicitly through the threat of force. Through USNORTHCOM and its combat hardened troops, the people that gave us Waco massacre and ruby ridge have all the firepower needed to help suppress the citizenry. I also showed you that plans have been drawn up for how to deal with civil unrest by the Army War College, since shortly after Barry became the alleged commander in chief.

Now in this final post, I’d like to take you through the scenarios that are in place, any of which could be used as an excuse to remove the Constitutional restraints placed upon our government.

First, there is the very real possibility of a Nuclear, Biological, or Chemical attack (NBC) by militant extremists. I don’t care if they are Islamic Terrorists or La Raza punks, or Mexican street gangs. Or even some other as yet unknown group that decides to take advantage of our alleged President’s lack of backbone when dealing with homeland security and defense of the intelligence community, the resulting loss of life, according to Gen. Tommy Franks, be the trigger needed.

However, thanks to G.W. Bush pulling the pin and fragging the Posse Comitatus Act, the reason for the use of military force in America is much easier, so perhaps it won’t be anything like that.

How about this scenario, starting with G.W.’s famous quote about abandoning free market principles in order to save the free market, and the reality of his opening the door to Barry’s out of control “stimulus” bill, Cap and Trade bill, and the current incarnation of the House medical care bill and it’s public option, and Barry’s insistence on “comprehensive immigration reform” (translated: amnesty) our nation is fast approaching a financial Force Majeure. Simply stated, our debt would reach a point where we could no longer even service the interest and still keep our nation running in the black.

When this happens, the dollar will collapse causing a financial meltdown that will make the Great Depression seem like a summer stroll through a forest meadow. The civil unrest caused by such an event would decimate our ability to keep law and order and people would demand that the government step in and quell the uprisings, as well as provide for the basic needs and necessities of life.

Thus would FEMA be activated and total control of life in this nation would be transferred over to the Dept. of Homeland Security and FEMA.

The next doomsday version has to do with the dreaded H1N1 virus. This virus is currently responsible for the deaths of just over 500 Americans. This late in the year, that places the virus on track to take out a little over 800 people. Does that sound bad to you? Well, according to the CDC, the regular seasonal influenza is responsible for the deaths of, get ready for this, over 40,000 people on average. Some years more, some less.

And yet, what is it that they are using for their fear mongering nearly every day. H1N1 has become the new boogie man. This next part of this particular scenario requires you to put on your tinfoil hats.

When was the last time the government ever planned anything correctly with any specificity? The word you are searching for is “never”. And yet, last January, USNORTHCOM said that they had just completed training exercises preparing for an epidemic of swine flu coming from south of the Border. This was in the same month that the H1N1 virus was first discovered. To paraphrase Arsinio Hall… Things that make you go, “WTF?!?!” And if that doesn’t make you pull your tin hat down farther, the senior scientist that helped to create the vaccine, says that in his opinion, the virus was created in a laboratory.

This is backed up by an article in a science news site called The Tech Herald. In the story it claims that the WHO was investigating the claims that the H1N1 escaped from their labs. Later, they denied the possibility and ridiculed the very idea.

If it was released with nefarious intentions as indicated from the admittedly circumstantial evidence, then it too could be used as a trigger for the activation of FEMA.

In light of these theories, Barry’s championing of the South American treaty that would limit gun ownership and trading as well as reloading of ammunition by private individuals, and the House’s attempts at passing bills, including the House’s version of health care reform, that would create roadblocks to citizens being legally able to own a weapon without a federal license, becomes understandable.

Theories aside for a moment, there are some facts that I think need to be considered in context of my postings. First, with few exceptions all three branches of our government are populated with socialists and Marxists that see the Constitution as an inconvenient obstacle to the furtherance of their agendas. We have a potential usurper in the Oval office who has surrounded himself with self described Marxists, Communists, and Leftist activists. And the alleged president himself has more than once shown nothing but disdain for Constitutional governance.

So take the information I’ve given you in these posts and think about them. They may or may not be Truth, but they are worth tracking.

 

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#14) On August 26, 2009 at 5:16 PM, JerseyShoreGirl (< 20) wrote:

To buttress my last post, Glenn Beck is exposing some major research right now about how the government plans to silence freedom of speech .. and he's saying they'll do that that through declaring a state of emergency .. sound familiar?  He is showing actual audio from Obama's czars and what they want to do.   Riveting stuff ... his show repeats tonight @ 2am EST.

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