Canadian banking haven myth exposed

Canadian banking haven myth exposed

"One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the money borrowed to support the banks." The sorry spectacle of Conservat

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Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

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E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

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US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

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Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

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Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

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obama wants retirement accounts

“Hungary, Poland, and three other nations take over citizens’ pension money to make up government budget shortfalls. The article goes on to detail other pension grabs in Bulgaria, Poland, France and Ireland. Obviously, this is a cautionary tale for America. If fiscal austerity becomes a real issue in the U.S. the way that it’s been reaching critical mass in Europe — don’t think that U.S. lawmakers regard your either your personal wealth or money they might owe you as sacrosanct.”

Nationalization of pensions are part of the globalist agenda to transfer wealth from the middle class to the wealthy owners of the banks.

This is how it works: they will get as many as they can to pay into your plan, wait a few years, then stage a economic crisis that devalues the dollar (which they control) which will devalue your so-called ‘safe’ pension.

Then they will state that, due to the economic situation (which the banksters control) the ‘plan’ cannot support all of those who need to use it. Many will be cut off just as they are about to retire, they will state that people need to work longer in order to make up the shortfall, thereby extended your working life well into the 70s, or lastly they will nationalize what you thought was a private pension plan into a national one like what was done in Argentina in 2008, and Europe just a few days ago.

It suits the profitability of this plan (to the controllers of the plan) to actually pay out as little as possible. To do this it is in their best interest to get us, the contributors, to work as long as possible and spend as few years as possible in retirement so that they have to pay out less of the contributors money, OR conversely it suits them to ensure that as many people as possible do not qualify for the payouts via stringent regulations that for some reason you will not be told about when you enroll in this ‘perfect plan’.

We are only ‘little people’ to the bankers who will be in charge of this plan. A ‘working force’ that must be controlled and as much as possible gotten ‘out of us’ before we retire and go off to chase our own interests. The government is already talking about moving the ‘mandatory retirement age’ up to 75. This was in the news last week.

Make sure your savings are in your name and you are not part of some ‘pooled’ plan because as soon as your money goes into a ‘pooled’ plan it is no longer YOUR money, it belongs to the controllers of the plan — the banks!

Europe starts confiscating private pension funds by Christian Science Monitor

People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations. As most pension schemes in Europe are organised by the state, European ministers of finance have a facilitated access to the savings accumulated there, and it is only logical that they try to get a hold of this money for their own ends. In recent weeks I have noted five such attempts: Three situations concern private personal savings; two others refer to national funds.

The most striking example is Hungary, where last month the government made the citizens an offer they could not refuse. They could either remit their individual retirement savings to the state, or lose the right to the basic state pension (but still have an obligation to pay contributions for it). In this extortionate way, the government wants to gain control over $14bn of individual retirement savings.


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Related posts:

  1. 401k withdrawals spike 10 year high; will Obama steal your pensions?‘”The current economy has forced some workers to borrow from their 401(k) accounts in order to pay for critical living expenses, ultimately jeopardizing their future retirement,” said James MacDonald, president...
  2. Government Prepares To Seize Private Pensions“This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid...
  3. Bolivia nationalizes pensions, lowers retirement ages as lure“The government is preparing a banquet for 300,000 people, but inviting 3 million to partake,” said pensions expert Alberto Bonadona. “It will collapse.” Jacob Funk Kierkegaard, an economist at the...
  4. Brazil, China, World leaders call new US round of quantitative easing ‘clueless’“Brazil’s central bank president, Henrique Meirelles, said “excess liquidity” in the U.S. economy is creating “risks for everyone.” In China, Vice Foreign Minister Cui Tiankai said “many countries are worried...
  5. Retirees, lost pension plans, and returning home“What we’re seeing here is they don’t have confidence in what they think of as the public safety net — a pension plan,” says Paul Taylor of the Pew Research...
  6. Is the Central Bank of Canada forcing deflation?“With economic recovery still looking shaky, the next move by the Bank of Canada may be to just start printing money. The price can be high. Devaluation of the loonie...

This entry was posted on Thursday, January 6th, 2011 at 9:27 pm and is filed under Europe. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1 Comment

  1. January 10, 2011 @ 7:57 pm


    I was very impress by the quality of the site and the information presented.

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    Frantz

    Posted by Frantz Charles

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