Video: The 401kon

That would make an excellent book title.

Wise Boomer. They hated him because he told the truth.

I like being able to praise the salty Boomers who hate hippies too.

The implosion of smug socialist desk jockey’s “pension pot” will bring joy to both our hearts.

No such thing as blue chip, crybabies.

The collusion of Gov and Biz alone should be a NOOOOOPE, HELL NO.

Here we have an application of one of my rules of life:

If a socialist encourages you to do it, it’s probably bad for you.

With the central bank pressure, multicultural societies are being changed into Third World countries, by living standard. Chug your cockroach ‘milk’ and eat your vegetable oil ‘burger’. They’ve been selling you ‘junk food’, called as much, for years and you’ll eat this too. Hey, if you wanted a melting pot, don’t taste it – that’s shit soup. Put whatever else you want in there, you’ll still only taste the shit.

Libertarians, try tasting your own soup, son!

They planned 50s spending habits forever – with 50s families, and 50s national IQ, and 50s infrastructure… bubble of everything indeed. Do you really think the Coca Cola of now is worth so much more than in 1952?

Fun fact: on the insurance forms, this LA climate thing will be legally recorded as an Act of God.

USA: Pension seizure probable

http://www.shtfplan.com/headline-news/coming-for-your-funds-supremes-justify-seizure-of-pension-funds-to-protect-pensioners_05262015

According to Armstrong, the outcome of Tibble v. Edison, which found that employers have a duty to protect their workers’ 401(k) plans from mutual funds that perform poorly, will grease the skids for the feds to seize private funds and prosecute companies who manage mutual funds badly.

“private”

“Between the court ruling and the Obama administration’s push for stronger fiduciary rules,” the developments send a, “strong message that government can much easier seize the pension fund management industry of course to “protect the consumer,” writes Armstrong, warning that the ruling, “sets the stage to JUSTIFY government seizure of private pension funds to protect pensioners,” when the economy gets “messy”.

“protect”

“This fits perfectly just in time for the Obama administration’s next assault as they prepare a landmark change of its own by issuing rules requiring that financial advisers put the interest of customers ahead of their own,” writes Armstrong. “This creates a very gray area wide enough to justify public seizure of pension funds under management.”

It’s for your OWN GOOD.

Following the 2008 financial collapse, reports emerged that the federal government was planning to seize the private 401(k) pensions of millions of Americans while enforcing an additional 5 per cent payroll tax as part of a new bailout program that would empower the Social Security Administration to redistribute pension funds “fairly” amongst citizens….

“fair” etc.

The UK isn’t immune either, we’re often behind America on these things: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/301563/Pensions_fact_sheet_v8.pdf

“Pension freedom” – from the owner.

“We plan to overhaul the system completely” it’s becoming a larger Ponzi scheme, the greater freedom at present will be used to justify yanking entitlements later on.