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

Just recapping last year, the latest update on government take over of your pensions and 401ks, update on Commercial Real estate, 4 banks have already failed and its only been 2.5 weeks.

http://www.fdic.gov/bank/individual/failed/banklist.html

http://www.bloomberg.com/apps/news?pid=20603037&sid=aR9zVMXzOeX0

Category:

News & Politics

Tags:

• Economic Collapse
• Economic Collapse 2010
• Government takeover
• Commercial Real Estate
• 401k
• Vision Victory
• George4title
• InflationUS
• DEMCAD
• Crabbydogtrix
• CV1122
• Stellaconcepts
• Alex Jones
• gerald celente
• peter schiff
• Ron Paul
• Bailouts
• Banks
• FDIC

[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.

[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!

[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.

[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..

[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

[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

[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.