Obama Administration to Go After Retirement Accounts. In addition to supporting the 47% while you work, you now may get the chance to support them when you retire. Forward!

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22 Comments on "Obama Administration to Go After Retirement Accounts"

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ooddballz
Member

For those of you who are saying “cash”; I say NO, NO, NO, and NO. Did I mention NO?
Cash is paper, backed by dreams. Buy precious metals, lead, brass, silver and gold.
Do NOT buy the gold “certificates”, bonds or anything else. Buy GOLD and SILVER. Anything else is just a “promissory note”. And what are your options if they can’t keep their promise?

Dragonfish
Member

I spend all fiat based money I make/have, it’s not worth the paper it’s printed on, never has been. I just keep tangible goods.
Guns/Ammo (Archery and Fishing items, too), canned/dry goods, seeds, tools and enough fuel to get to the deep woods (have RV and 4X4 already). Now it’s just the timing, when to ‘bug out’ so to speak. That and meet up w/family and friends!
When you run out of food, you will trade your gold to me for my extra food (providing I have any and that I’m willing to deal with you). And, depending on your attitude, or if you don’t want to trade, I may just wait until you starve to death, then the gold will be mine – provided I want it. All the gold in the world won’t fill an empty stomach! Yea, you will say ‘I’ll just buy what I want/need”. But, I say this in return – What happens if your isolated, at ‘odds’ with those around you (can happen, very easily, especially when gold or food is involved) or in a ‘FEMA Camp’ (could happen to all of us).
Oh, by the way, I’ve been in this mode (ready to leave) since the mid 90’s.

poppajoe49
Member

They aren’t real tasty, but MRE’s do the job. You can get a case of 24 entrees for $80, which works out to about $10 a day for 3 meals a day, and they have a 5 year shelf life.

Dragonfish
Member

Yea, have had them, they are good for quick emergency meals while on the move. However, with the right canned/dry goods I can make better meals than the MRE’s contain. $80 buys a lot of beans, flour (wheat and corn), rice and sugar, then add some potted meats, dehydrated/canned milk/egg products and dried onions, – I’m good to go. Shelf life of most dry goods, properly stored, exceeds 5 years. I have beans and rice (still good, I do check) that are at least 5 years old.
The important thing here, as I see it, is to be prepared and have a plan of some type, including family and friends (close ones, anyway), They may think your crazy but, if/when it all falls apart, they’ll change their minds pretty quickly or die.

poppajoe49
Member

You’ll be surprised, (or not) how many friends you’ll have when that happens, and people realize you have all the food!

Dragonfish
Member

Addition to the above.
Hopefully I don’t have to rescue ‘anybody’ close, that may be the death blow to all the planning.
LOL.

Dragonfish
Member

“…(or not)…” LOL, already know!
However, very few know the plans, where to meet and where to go from there. Still comes down to that timing thing! Done right (I know – big ?) only those few will know whats going on. The rest will be mired in confusion and trapped in the large cities,

poppajoe49
Member

It’s not worth nearly as much, but I save copper, brass, aluminum, and steel.
They all have intrinsic value, and will always be a tradable commodity.

RobertW
Member

if they can’t keep their promise, or when they won’t?

Progressive Hemrrhoid
Member
Progressive Hemrrhoid

I’ve been telling people that something like this was going to happen since “Dear Leader” scammed his way into office. Of course his lazy, useless voter base will be all for it, and a good number of the parasites in congress as well.
It’s time to go back to burying your cash in the back yard.

Sidekick
Member

This has quietly been an ongoing effort for several years. Do a search and you’ll see articles dating back to 2008. I’d be surprised if it happened here but not shocked. I think you’d see a pushback on the order of open rebellion. The Hungarians and Argetinians governments have committed similar thefts but neither country has much in the way of a Democratic tradition.

Karmaa
Member

I stopped investing about 5 years ago. All of my money now sits in various no interest bank accounts. Plus I have a significant amount in canadian and euros. I just told my husband that I am going to start taking it out and stuffing it into safe deposit boxes with our metals. I don’t trust ANYONE. I think the next thing I might do is get a house safe and move it all there. If the dollar crashes, I have enough food and stuff stashed that we can live long enough to find our way to Europe, where we have family. It feels so strange to actually have “a plan”. Weird.

deepthinker
Member

No Karmaa it’s not weird it’s being honest with yourself and having a plan to leave is a good thing. Having been raised in the hills & hollows of Applachia, I can survive off the land.

We have precious metals as well not the worthless certificates that have been pushed but the stuff you can put in your hand.

poppajoe49
Member

That’s what I have too.
I’ve been collecting solid silver coins since I was a kid, I now have a nice heavy box full, plus silver ingots I picked up here and there. They were much easier to get than gold, plus they’re less expensive to buy, so you can pick them up a little at a time.

poppajoe49
Member

Is it just me, or do we all sound like those “nuts” that built bomb shelters in their back yards decades ago?
Funny thing, the threat they felt back then, is just as real as the one we feel now.

Navyvet2
Guest

Well if the nitwits that are the “victims” of Sandy and Katrina had taken a few simple no-brainer steps to prepare themselves for a disaster that came with lots of warnings, they would have been a hell of a lot better off. But no, they wanted to just wait for the government to come and give them their bottle, change their pants, and tuck them night night. Fucking morons.

Navyvet2
Guest

The wife and I are not going to put another dime in IRA’s. If not for this reason, then the taxes we have to pay on that money now are most likely a hell of a lot lower than they’ll be when taking it out. And that’s if the Commies dont grab it first. Which I expect they will.

poppajoe49
Member

This is the reason I keep my retirement funds in cash and precious metals. No point in letting it go to the gooberment.
At least I’m sure I can pay for my food when I retire.

I'm With STUPID
Member

It just keeps getting worse doesn’t it…

deepthinker
Member

Thank all of you who can’t plan or are unwilling to assume any responsibility for your retirement. Now you wish to come after those who have taken steps to ensure there is something after we retire. Social Security sure as hell wont be there. Many have to pay into a pension plan. All of us in this commonwealth who are in a sworn status or work within the government must pay into a retirement system. No exceptions. The reason for it, is the damn plans are broke thanks to decades of dim wit control in the legislature and the governs office.

Now we will hear how heartless we are that because we have saved for our retirement and put off buying that big screen tv and all the other bling from those that have been on the government tits their entire lives.

Here is a novel idea, if you work and save, you too can have something for later. Now that all of you have voted barry the communist back into office, now you are receiving yours.

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