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."

Comments

[DailyBail]

State Department story changes days after another attack

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.

[DailyBail]

Cherry Blossoms in Japan

http://www.rys2sense.com/anti-neocons/viewtopic.php?f=11&t=31810

Beautiful pics

[DailyBail]

COMEX registered silver inventories have fallen off the proverbial cliff this week, as registered supplies have dropped a massive 10% in the last 48 hours! Nearly 4 million ounces of physical metal has vaporized from COMEX vaults as the rush to physical intensifies in the wake of the Cyprus bail-in.

http://silverdoctors.com/comex-silver-inventories-fall-off-cliff-as-registered-silver-declines-by-10-in-48-hours/

[DailyBail]

China accuses United States of secret biological attack over new strain of bird flu that has killed nine

http://www.dailymail.co.uk/news/article-2307170/China-bird-flu-outbreak-Officer-accuses-United-States-secret-biological-attack.html

[Recoveryless Recovery]

"I suspect what will happen in America, is they will take our pension plans next."

Uh, they ALREADY DID.

What ELSE was Jon Corzine's THEFT of $1.6 BILLION from MF Global retirees & pensioners?

[bob]

Yes and the governments seem all too willing to go along with this theft. If Rogers is worried so am I. Time to buy land that is not too over valued. Gold and silver too but I'll sell some of my holdings in order to buy some land. Confiscation of gold and silver is now on my radar screen which tells me watch out move to land somewhat when the government even remotely looks like they will snatch my gold or silver. It is not easy trying to make out the future I have to guess and I don't like guessing. But Gerald Celente has a point that with cheep interest rates and rare deals on reasonably priced land that I can sit on and develop in the future I will be paying the loan for it back with inflated dollars. It will always be worth something. Dollars soon may be worth half of what they were. With inflation that is not a deal!

[S. Gompers]

My retirement was already made significantly lighter thanks to fraudulently AAA rated bundled securities and the apparent protections provided to the architects of the 2008 financial crisis.

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.

[Christina Marlowe]

“Corporation cunning has developed faster than the law of nation or state. Corporations have found ways to steal long before we have found that they were susceptible to punishment for theft. But sooner or later, unless there is a season of readjustment, there will come a riotous, wicked, murderous day of atonement…. These fools on Wall Street think that they can go on forever! They can’t!” ~T. Roosevelt

RIOT ANYONE?

[himagain]

Helloooo? Am I missing something here?
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?

[TR]

Rogers needs to have an original thought.

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.

[TR]

No one should graduate from any college/uni.,tech school,etc. with any degree without writing two dissertations one on George Carlin's-The American Dream & one on Gerald Celente: “When People Lose Everything, They Have Nothing Left To Lose, And They Lose It”