Added: 2 years ago
From: endlessmountain
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  • I trust the banks just as far as I can throw them and that's not far

  • wow thanks for the great free info.usually have to pay for good info like this and like u said,they will still tell u whats in there best intrest.bill me later lol.thanks tho,by the way i just cashed out and im waiting for a dip in silver and gold to buy,not sure if its gonna dip tho.

  • wow thanks for the great free info.usually have to pay for good info like this and like u said,they will still tell u whats in there best intrest.bill me later lol.thanks tho

  • After FBOPcorp falied last October, I haven't received anything as to whether or not my 401k was wiped out. Now when I do a google search, it seems as if google is also cleaned out of related information, even on my basic question in general. I should have atleast received 'something' from my former employer either way as well. But I've also been in La La land in denial it even happened, clinging to a statement delusion.

    Now that it's time for a statement in the mail....still nothing.

  • Why do people expect continuous 10% returns on their quarterly statements? It doesn't work that way. It never has.

    I work around 30 year old people are cashing out.

    Thirty Year old people who are 30 years away from retiring. It boggles my mind. They'll probably start it up again when shit turns around and cash out again at 45 when we have another "cycle". They'll work until they are 80 and warn people about the perils of 401k participation.

  • 30 year olds cashing out are geniuses now with the casino market at yearly highs trading with a currency fiat and some scary times ahead for what should soon be the former reserve currency.

    For Financial advisers are not doing that great of jobs now by investing in paper and not real assets like gold, silver (not casino stocks). You dont see many of these firms taking prophecy into consideration by getting mass PUTS on everyones 401ks because of their own interests it seems.

  • Robert Kiyosaki - "Rich Dad's prophecy" book. The smartest advice from the worlds best selling author and investor.

  • fuck stocks, play poker! online is the way to go.. ive banked 120 k in 1 year thats how we do

  • Pull out of it totally, buy a fireproof safe or just use a jar in the backyard. This government, along with the media, are rapidly becoming the enemy of Americans. I saw yesterday where American soldiers are refusing to deploy because they say Obama is Legitimate. Thats huge news, though nobody mentions it except FOX. This country will totally fail within 5 years.

  • I blame 401K plans for the bubbles ('98/99 and 07-09).

    Many of the plans are investmed in numerous stocks. The 401K planners will tell you to diversify and this is part of their strategy. The opposite is true in my opinion, get focused.

    Read an article everyday on each stock in your 401K plan. If you don't have time to do that then sell off enough so that you can. This will enable you to better keep track of your investment.

    Please Note: I do not have any stocks or bonds.

  • Good vid

  • watch south park

  • degher

  • I have about 10k in my 401k in silver/gold mining stock and mutual funds. My questions are:

    1) Would you expect these to gain value once the dollar really slides or inflation kicks in--so hold them

    2) Do you believe Obama may nationalize the 401k's and make it difficult to get our money out-- if you do how long would you wait before turning it into cash and into tangilble precious metals/food

    I already have an investment of %60 into precious metals of my total investments

    Thanks

  • 1 - Gold and Silver mining stocks I prefer over most stocks.

    2 - Nothing surprises me anymore, and bankruns (bank holidays) are not out of question.

    I hope your 60% is real metals or you have some real ones.

  • HERB

  • What should I do with my 401k plan? i think you should put it up you but then burn it.

  • I hate my 401k! I can't even cash out of my 401k unless I quit my job and even then I would have to pay 35+% taxes and penalties. The 401k is another way the govt owns you.

  • @jamezbond78

    I don't think you understand what a 401(k) is. Your allowed to keep your whole 401(k) in cash if you want (not real smart). This guy on the video is an idiot, so I'd be careful about thinking he knows what's going on.

  • @cscominghome - what do you mean you're allowed to keep your 401k in cash? I said I cannot cash out unless I quit my job. Do you mean like not participate in the plan? If I would have known before I started it or read the tiny print I would not sign up.

  • You need jewgold.

  • "I want your Jewgold"

  • @centervilletn

    ...where did the 401k come from?

  • have you seen visionvictory channel. Or manoftruth chanel they are like you, in their explanation of this. love and peace mik

  • Great video, Derek. I agree with all major point you are making.. but I think Money as Debt video is inaccurate (at least the the second part). Their solutions to the problem are statist and anti-free market. Free credit from the gov. just does not make sense. There must be some better videos about the monetary system...

  • good video Derek, thx.

    I suppose you subscribe to Bob Chapman right?

  • Thank you for the insight, you are helping quite a few people with your video, including me!

  • i believe your 401k will soon be confiscated.....google news 401 k denial of funds

  • You have hit the mark on every point. Great vid Derek.

  • I am from Australia. Can anyone tell me what 401k stands for. I know it is your retirement fund, but where did the 401k come from?

  • The title "401(k)" references a section of the Internal Revenue Code. (wiki)

  • I closed my 401K plans 15 years ago and got out of the dollar.

    Good video, endless.

  • The Ridiculous Sensationalism on the Health of our Economy is frightening if not insulting. The Thieves with the SEC, FED, Mass Media, and our Handsome President as thier endorsers, will not stop until they peel away every least dime:-(

  • Keep on trying to help people ... We are behind you in trying to free people.

  • public information.

  • Would not surprise me if DOW goes over 10000. This government is a master in blowing bubbles.

  • Thanks for the reminder Derek. I have one 401K with my current employer, that they told me I can't get unless I quit. So I stopped contributing several months ago, and will try to call tomorrow, to see if I can roll it into another account I have. Then I can close the other account.

  • You can roll your 401K into Tim Geitner's JP Morgan account or Hank Paulson's Goldman Sachs account. You can even roll it into their offshore accounts. No problem here.

  • 1) How do I get in touch with those guys to invest my 401K with?

    2) will they meet me in a dark alley to do the deal?

  • does anyone think their Retirement funds will be available in 20+ years? they won't!!, i cashed everything out and pay my penalties

  • In late summer of 08 I cashed in all my old 401k accounts (taking a nasty tax hit). I put 8000 into precious metals and threw the rest into my mortgage, knocking it down to 29,500 (it's 25,150 now). I took the maximum withholding option when I cashed in but I still had to kick in 1700 extra to send off with my tax return.

    Yes, a big tax hit but I would have taken a bigger hit if I had left the money in. This is one of the few good financial choices I've made in my life.

    Great video

    * * * * *

  • FAZ = 3 times bear ETF on bank is at $ 5,2 right now, time to back up the truck in my view. I think now its even priced in that they come out and tell us that it was only a nightmare what was happening and that they never had any problems. FAZ is great protection instrument for gold and silver plays in my opinion. It cant go below zero in case the money masters continue to hyperinflate the stock market but the precious metal plays should go to Pluto in hyperinflation and FAZ from 5 to maybe 1...

  • Be careful with these derexions and risk what you can afford to lose... the risk vs. reward is extreme with these funds.

  • The plan is to get more people into the stock market so that all the bailed out companies can turn preferred stocks into common stocks and in the end make investors pay for their bail outs. The rally at the moment is so fake and technical like nothing I've seen before.

  • cash it in

  • new leaked info on upcoming Bilderberg meeting. Creating a sucker's rally to suck in more people and then drive things down again

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