ROGERS: 'The Govt Will Take Our Pension Plans Next'
'Anything they know about, they will easily take.'
Talk of retirement account seizure begins at 3:50.
They'll certainly find some way to take our money when things get bad in a few years. They always have before.
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Transcript
Discussing the Cyprus banking collapse, Jim said, "It’s been condoned now by the IMF, the European union, and everybody else in sight -- that a government in need can take assets. We all knew they could tax us. But this is the first time that I’m aware of, that they’ve gone in and taken bank accounts. They took gold from people in the U.S. in the 1930′s. But I’ve never heard of them taking bank accounts. Now they’re doing it. So be careful."
When asked if bank account confiscation will be going worldwide, Jim said, "Well, it’s now in their bag of tricks, but yes, they can do anything they want too now. I for one am worried andI’m taking preparations. Who knows if I’m right or not, but I’d rather be safe than sorry as all of those people who had money in Cyprus have learned. They thought they had a normal bank account… but now it’s been [taken] with the sanctions of many governments and institutions."
"If people have money in any account, anywhere in the world, cut it down to under the guaranteed amount. They might take that too someday when things get desperate, because the precedent has been set, but that’s where I would start if I had money in the bank anywhere in the world."
"I suspect what will happen in America, is they will take our pension plans next. 401k plans, IRA’s, and pensions plans which the government knows about may be next. Their rationale would be, ‘Well most people haven’t been doing well in their IRAs and pension plans for the past several years, so we’re going to help you. We’re going to take your pension plan and give you government bonds so that you have a guaranteed return.”
"That’s how they’ll rationalize taking our money. They know where all the pension plans are because we have to report it, so they’re easily accessible by governments. They know where they are, what they are, and they’ll be able to snatch them away. Who knows what they’ll do, but they’ll certainly find some way to take our money when things get worse.
They always have before."
Reader Comments (11)
http://www.washingtontimes.com/news/2013/apr/11/state-department-story-changes-days-after-another-/
The State Department has acknowledged that five Americans killed in Afghanistan, including 25-year-old diplomat Anne Smedinghoff, were on foot when they were caught in the blast of a suicide bomber, and not in an armored vehicle as officials told bereaved relatives earlier this week.
http://www.rys2sense.com/anti-neocons/viewtopic.php?f=11&t=31810
Beautiful pics
http://silverdoctors.com/comex-silver-inventories-fall-off-cliff-as-registered-silver-declines-by-10-in-48-hours/
http://www.dailymail.co.uk/news/article-2307170/China-bird-flu-outbreak-Officer-accuses-United-States-secret-biological-attack.html
Uh, they ALREADY DID.
What ELSE was Jon Corzine's THEFT of $1.6 BILLION from MF Global retirees & pensioners?
Theft has become so fashionable lately...
I believe Aesop had a saying about this. The masses will clamor to elect the next architects of destruction.
RIOT ANYONE?
Since 2007 when the whistles blew and the N.W.O. was "outed", and those that didn't pay attention got decimated, it has only continued to mestasise since and it seems to any distant observer that the patient is probably terminal in any sane financial view.
The catch is that unlike most diseases, this one is catching. It is rapidly infecting every economy in the world and looks extremely difficult to avoid all the way down to a personal level.
I for one, have no idea how to safeguard my finances for an anticipated another 30 years of life.
Shares will vanish like they have many times before, taking the banks with them as many times before. Properties require renters to be viable - ever looked at Chicago lately?
Businesses require flush economies to work.
There aren't going to be any jobs coming back or grown, the computer chip has seen to that.
Automation is now simpler and cheaper than bothering with bodies. But if we ALL automate, where will there be jobs to create the consumers to complete the circle?
There is no point in railing at The System for taking away your Pension or Banked funds, this has to happen as the whole World financial System Ponzi Scheme inevitably reaches its mathematically certain conclusion.
Your Yankee Dollar is going to be worth nothing. Remember Zimbabwee, Germany 1920's and the EEC right now!
It wasn't ever fair before and now it is inevitable, the feudal system will be back.
I'd really like to read a cogent alternative - but with real numbers.
Please?
George Carlin: ".. and vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you sooner or later cause they own this fucking place! It's a big club, and you ain’t in it! You, and I, are not in the big club.