More Banks Fail, Commercial Real Estate, Gov take over of 401ks/Pensions

[whiskerchild]

So this begs the question: Sell my Ira's now, take the tax hit, and buy PMs with the remainder? Any advice, anyone? I really don't know what to do at this point?

I'd appreciate any feed-back.

[FreedomForYouAndMe]

@whiskerchild

Personally I do not have IRA's. I would be doing you an injustice by giving advice in that area. Good luck.

[lickss]

@whiskerchild Maybe take the hit and buy gold and silver.

[HomesteadAcres]

you are right about this HERE COMES THE TAXES!!!!! I think you are right on the mark about the stance on taxes it will happen same here in canada

[bossduff]

Thanks for the heads up. Your right, they can't sell the debt anymore, they will be coming for us. People need to wake up fast, to put a lid on this one.

[PontVedra]

Mr. Bob Chapman has been making mention of the 401k grab about 9 months ago;he promises to sound the alarm when they begin the law talk.He has insiders that give him nuggets of nfo.His newsletter is the best-check it out at internationalforecasterdotcom if u havent already.Bottom line ppl the global system is broke-no money except for a few billionaires and trillionaires..but they want more:our pensions! Sound the alarm!If ppl have not noticed anything else til now, maybe this will make them mad

[FreedomForYouAndMe]

@PontVedra

I made my video back in Feb of 09 about this. A lot of negative comments too. This is not good for anyone. Sadly people will only choose to stand up once it's been taken from them.

Dan

[SergLLLL]

What is an "Overhall of the tax system" , what are you really talking about?

[FreedomForYouAndMe]

@SergLLLL

Ill make another video of what will happen. This will happen!

[fireriver29]

Keep us informed. Great post! Sub+ friend

[fal2grace]

wow..thanks so much for the 401k info.

[iloveterriers]

Here in California they will start releasing felons on January 25th. Instead of laying off gov. workers or cutting pay they will be unleashing felons on us to save money. Great, isn't it?

[mja2035]

Thanks for your financial perspective, it's a little different from the other YouTubers.

[Boomer1949]

I quit a job a few years back to get my 401K out of the markets before they crashed. The market isn't for the small guy, it's a big players field, global players. They use our money to make themselves rich, not the other way around. Screw the 401K's. You would do much better in a passbook account.

[jhunted7667]

they will devalue the dollar soon so what ever you have in the bank will be cut in have in its buying power so I would put the money in silver or comodities

[Boomer1949]

Who is "they"? And how are they going to devalue the dollar? I've read this statement a lot here on YT but have yet have anyone explain how this is going to happen and don't give me that "printing money" crap. The Fed doesn't print money, they contract or expand credit by setting the interest rate.

[jhunted7667]

when the FED gives money to the banks the banks are suppost to make loans to normal people , but they have been bring the money to wall street they do high speed sales in the morning and in the afternoon , they make a small bundle each day , meanwhile when the banks make these loans they create credit which is the same as printing money which lowers the value of currency by diluting it's value

[frgtmygld]

When this issue starts getting everyone's attention I suspect a lot of people will take the hit and clean out their 401 k's.

The markets are already perverted because so much of it is directed by institutional players. Can you imagine what it will be like when the elite people who OWN this government completely control the direction of the money flow in the market?

I think it may be time to consider retiring from the system completely. 5 star vid, again.

[toshibavoodoo]

great

[Jasper50]

good info.  thnx for sharing

[mcgrawtim123]

Thanks for the video and the links.

People have to wake up and take charge of their own finances. Spend less time watching celebrities and more time reading the balance sheets of companies.

Ford stock has gone from $1.89/share to $11.20/share in nine months. Now THAT'S a real story...not some celebrities kissing each other at some award ceremony.

[FreedomForYouAndMe]

@mcgrawtim123

Could not agree more!

[redline1189]

i have heard treasury has to resale almost 3 TRILLION in short term debt this year alone. 1.5 in short term notes due and the same in new spending. how many of those government employees are going to keep working for nothing

[Stealth0031]

Great vid! ---Glad to have you back. :)

William

[whiskerchild]

Do I contact my Congressman on this confiscate 401k/IRA thing?

Also, could you give me your sources on this please?

[FreedomForYouAndMe]

@whiskerchild I linked to the bloomberg article in the side bar. I knew this was going to happen since social security is insolvent along with medicare and Medicaid. They have to drain money from somewhere.

[fishingthewatershed]

I am sure they have tricks undreamed of to suck every last dime from the average Joe. Here are my predictions for 2011-12: Collapse of the financial system, famine once again rears it's ugly head, mass panic and pestilence, anarchy, and Tiger Woods gets a scorching case of herpes.

[bearcat648]

I honestly think it will be hard for them to raise taxes in a tea party environment. I understand your point exactly, just not sure if their back is against the wall enough for them to do this.

[FreedomForYouAndMe]

@bearcat648

All of our backs are against the wall. As of last March we are done. The Federal Reserve staved off the collapse (sort of) and started pulling out a few weeks ago (one month before I thought they would-I said Feb). Once The People and politicians take note that we are out of options, this will happen and fast!

Dan

[CaptainTripsz]

Speak up. I cant hear ya when Im eating celery.

[matahaari]

Your predictions seem entirely credible. Thanks for the update.

[jocknomore]

I have noticed a slowdown of appraisal orders in our office lateley. Might have something to do with the Treasury asking banks to do their own spreadsheet and assume a rosy picture. We will see.

[FreedomForYouAndMe]

@jocknomore

The appraisers I have talked to say the same thing. It's looking like a much more rocky road ahead than we were told it would be. But, it's an election year, times are always better in an election year right?

[ixamxmsright]

Thank you for the info.Tell your wife she is beautiful and blessed to be so aware and awake.cute niece,Look forward to more videos.

[FreedomForYouAndMe]

@ixamxmsright

Thanks I will, tried to get her on the video to increase the sexy level-lmao

[CTOL1]

Thanks for the info & predictions

Yea it sure don't look good

[MathewsWire]

Who has an income?

Can they tax zero $'s income.

Been living on savings for years.

[curiouschem]

overhauling? isn't that a TV show?

really, though I think the tax system is complicated, so I stay away from it.

[navtel]

get out of debt and take the money out of your pension plan before it is too late. the government can't run anything..

[FreedomForYouAndMe]

@navtel

Exactly! Great point

[turboredcart]

It is called the abolishment of private property.

[haserterr]

Great post !

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