Saturday, February 02, 2013

The Great 401k Train Robbery

The United States government is bankrupt.  Neither the Chinese nor the Russians are buying the smoke and mirror US Treasury bill game any more. The European Union is in no shape to buy large quantities of  US Treasury bills at the present, so that leaves the United States in a very bad position.  The fall back position has always been to either raise taxes, invade another oil producing country, or start WWIII early.  The Slave Masters at the Federal Reserve were paying attention when the owners of Hostess Bakery robbed their own employee's pension fund and got away with it. 

The Death of another American Dream

The Great Hostess Bakery ROBBERY

The Hostess Union contributed to their pension fund which was then 'Borrowed' by the company.  That was supposed to be until the company Hostess Bakery could become profitable again. Then, the managers, CEO, of Hostess would pay the Union members self-paid PENSION fund all back.  Then, unbelievably the Union was notified The PENSION money would NEVER be paid back.  After robbing the UNION PENSION Fund Hostess Bakery filed for bankruptcy.  The judge conveniently ruled that the UNION PENSION fund was a debt the company couldn't and WOULDN'T  repay. I consider this money stolen. No other word in the English language describes what they have done to this money.


With that in mind.  The United States government at the behest of their Slave Masters at the Federal Reserve want to get their regulatory hands on the $19.4 trillion in American’s retirement accounts. 

This is how they plan to rob the American people blind. 

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 unwarranted and unwanted foray into PRIVATE consumer investments.
That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. And, if they don't have the authority, the Executive Branch will by royal decree declare another Executive Order and 'PRESTO' there will be a new Federal Agency with sweeping powers granted it by his majesty the King.

Now, just like the Executive Branches trotting out little children onto the national stage with the tag line..."We are going to CONFISCATE ALL GUNS because it's for the American Politicians best interests.  The Executive Branch is only doing this because the American people are too dumb and stupid to know that they no longer live in a free country."

Now, it seems that Americans are also far to dumb and stupid to be able to manage their own financial futureThe Securities and Exchange Commission has become VERY WORRIED that Baby Boomers may possible fall prey to financial scams.  With that in mind the The Securities and Exchange Commission and the Department of Labor is going to find a way to seize control of 19.4 Trillion dollars in American retirement fundsThis of course is because 'THEY' care and want only the best for the baby boomers and all their untapped finical resources.

Then, once the Unites States government has total control of all 19.4 Trillion dollars it will decide where and when this money can be used, and by whom.    Mind you, this is according to three people briefed on the CFPB’s deliberations who asked not to be named because the matter is still under discussion.
The Securities and Exchange Commission and the Department of Labor are the main regulators of U.S. retirement savings vehicles and funds. The consumer bureau established by the 2010 Dodd-Frank Act — sees itself as a potential catalyst for promoting a coherent policy across the government and private finical sectors. 

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