This bothers me. I've worked hard and have a measly pension in the system that I know I'll never see. Still, getting the statements in the mail saying what I've got, I just shake my head now.
I just try and pick up a little gold and silver, that will be my retirement, if I ever get to retire that is..
life is good.
Unlike a 401K or 403B or IRA, a pension is just a promise to pay you money some day, so there's no individual account to raid. I suppose the government could offer to "manage" your employer's (or former employer's) pension plan, and take over the entire pool of investments. They would probably do this by offering employer incentives to allow a takeover.
The retirement money grab will happen gradually, as they continue to run out of paper to feed the system. First it will be voluntary conversion of accounts into annuities (a la social security). Then it will voluntary for existing balances, but mandatory for all new investments. They will also make purchase of U.S. Treasuries the "default" investment for new employees, unless they actively choose otherwise.
The only thing to stop the paper fraud from continuing for another generation would be the masses recognizing that it's just another ponzi scheme, and putting up some resistance. That's why they will do this slowly and methodically, a little at a time. Hopefully more and more people will awaken to the fraud and not allow it.
Hitch (21st September 2013),madfranks (20th September 2013),mick silver (21st September 2013)
Sparky, you are one of the smartest ones here, I'm glad to be able to read your posts.
"Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
- Lew Rockwell
Sparky (21st September 2013)
This is their way of taking America down.
Why no cut back on spending , why no plan to fix anything.........no its peddle to the metal all the way
The Cabal...........“Humpty Dumpty sat on the wall. Humpty Dumpty had a great fall. All the King’s horses and all the King’s men couldn’t put Humpty back together again”.