401(k)s

Nomi Prins On Geithner’s Move To Tap Pension Funds & The $4 Trillion Sitting At The Fed

Nomi Prins On Geithner’s Move To Tap Pension Funds & The $4 Trillion Sitting At The Fed

(Editor's Note:  I'm still traversing the labyrinth on a whopper of a story, but felt this news item was definitely worthy of more than just a mention considering it is a possible preamble to a news story that broke last October, and a glimmer into just how bad the moos are being screwed yet again.  See y'all soon...) What happens when no one is buying your debt anymore, you can't keep buying your own debt, and you need cash and collateral? Last October, I picked up the news story about the feds holding hearings on confiscating private 401(k)s in order…
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The Race Is On For Your 401(k)

I wrote yesterday about the feds coming for your 401(k)s using Theresa Ghilarducci's 'Guaranteed Retirement Account' plan.  I just did a little tiny bit of digging on Theresa and I have to admit that although I should not be shocked anymore, I was left breathless by just one page from one website.  The depth of the collapsing progressivism is just heinously out-of-control, but this post is not about that research.  I will do another article subsequently after I re-introduce my readers to John Willoughby who is making a run at unseating Autocrat Mazie Hirono here in my home state, Hawaii,…
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