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Thread: Consumer Protection Bureau Eyeing U.S. Retirement Funds

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    Default Consumer Protection Bureau Eyeing U.S. Retirement Funds

    Consumer Protection Bureau Eyeing U.S. Retirement Funds


    February 8, 2013 by Bob Livingston


    The U.S. Consumer Protection Bureau says it is worried that Americans, particularly those from the retiring baby boom generation, are too stupid and gullible to manage their own retirement savings and is exploring whether it has the “authority” to “manage” people’s retirement funds.

    There is $19.4 trillion in the pension funds, 401(k)s and individual retirement accounts (IRAs) of Americans. The psychopaths in government have had their eyes on those funds for years. Confiscating that money and exchanging it for more government phony money would stave off collapse for a while longer. While the money is supposedly yours, government has so regulated it that you can’t really have it until you reach a magical age it established.

    In reality, the legislation setting up IRAs and other retirement vehicles was designed to prop up a failing stock market and transfer wealth to the bankster mob. Now they want to break into your piggy bank.

    “The Securities and Exchange Commission and the Department of Labor are the main regulators of U.S. retirement savings vehicles and funds. However, the consumer bureau — established by the 2010 Dodd-Frank Act — sees itself as a potential catalyst for promoting a coherent policy across the government, three anonymous people briefed on the discussions told Bloomberg.

    If you haven’t already, it’s time to consider taking the penalty and removing your money from the hands of the bankster mob and buy real money: gold and silver. But don’t buy funds or promises of gold and silver. Buy the real thing and store it in your possession.

    http://personalliberty.com/2013/02/0...irement-funds/

    just something that might be of interest.............
    ....you cannot teach a pig to sing. It is a waste of your time, and annoys the pig....
    The Three Boxes of Justice. Ballot Box, Jury Box, Cartridge Box
    Igitur qui desiderat pacem, praeparet bellum

  2. Default

    Quote Originally Posted by stjames1_53 View Post
    Consumer Protection Bureau Eyeing U.S. Retirement Funds


    February 8, 2013 by Bob Livingston


    The U.S. Consumer Protection Bureau says it is worried that Americans, particularly those from the retiring baby boom generation, are too stupid and gullible to manage their own retirement savings and is exploring whether it has the “authority” to “manage” people’s retirement funds.

    There is $19.4 trillion in the pension funds, 401(k)s and individual retirement accounts (IRAs) of Americans. The psychopaths in government have had their eyes on those funds for years. Confiscating that money and exchanging it for more government phony money would stave off collapse for a while longer. While the money is supposedly yours, government has so regulated it that you can’t really have it until you reach a magical age it established.

    In reality, the legislation setting up IRAs and other retirement vehicles was designed to prop up a failing stock market and transfer wealth to the bankster mob. Now they want to break into your piggy bank.

    “The Securities and Exchange Commission and the Department of Labor are the main regulators of U.S. retirement savings vehicles and funds. However, the consumer bureau — established by the 2010 Dodd-Frank Act — sees itself as a potential catalyst for promoting a coherent policy across the government, three anonymous people briefed on the discussions told Bloomberg.

    If you haven’t already, it’s time to consider taking the penalty and removing your money from the hands of the bankster mob and buy real money: gold and silver. But don’t buy funds or promises of gold and silver. Buy the real thing and store it in your possession.

    http://personalliberty.com/2013/02/0...irement-funds/

    just something that might be of interest.............
    Ridiculous, yes, but I can't say I'm surprised: It just seems to be similar step (like social security) where the government thinks that all people aren't responsible enough to manage their own funds. Yes, some people do not know how to manage their funds, but the incentives of capitalism (aka you failing when you spend more you make with no one to pick you up) SHOULD be enough to act as a teacher; however, with the government already "saving" x% for you, there's less incentive to really learn how to save.

    Sad.

  3. Default

    I would wonder just how far the government could go with regulations on people's private retirement savings.
    I imagine they would enforce the regulations by threatening a huge tax penalty on those who do not comply, just like they are doing with the health system mandate. Either way, they would get your money.
    Last edited by Anders Hoveland; Feb 09 2013 at 01:11 PM.

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