35 replies to this topic

[SemiBizz]

Will NOT happen before November 2014 Elections....I can bet on this.
Incumbents will do nothing to hurt their chances of re-election.
Why do you think Obamacare was rolled out safely after re-election in 2012?
Although it passed 3 years ago? Web sites much more complicated than the
Healthcare.gov are routinely rolled out in a year at fraction of the cost.

Vote all the rascals out in next election, otherwise suffer the results.

I think you are right, I think won't happen until Mid September 2015. 7 year panic cycle...

9/2001 - 911

9/2008 - Lehman Bros.

9/2015 - ??????

[nimblebear]

10% would be the bare minimum, and consider yourself quite fortunate if that's all it'll be. If you withdraw early from your 401K, it's 10% on top of whatever income bracket level you have for income taxes. 40% to 50% would be more likely, with the smaller accounts (i.e. less than $500,000), being hit the hardest. Very little upside putting more money away in ANY so called 'tax free' account. Mostly risk, and significant downside moving forward from here. It's not much different than states requiring registration of guns. Only the 'good guys' who typically do no harm, will get them registered, and then they are all trackable for any desired future confiscation effort by either state or Federal level government. The 'bad guys' or 'smart guys' or 'non-naive guys' know better than to register them. People who thus register their guns are very likely the same people plowing money into 401k's and banking deposits. Caveat Emptor ! ( do you really 'buy' the government's story on any of this crap ???) There is a very real merit to considering the tactics taken by people who are "GOTS."

[diogenes227]

Will NOT happen before November 2014 Elections....I can bet on this.
Incumbents will do nothing to hurt their chances of re-election.
Why do you think Obamacare was rolled out safely after re-election in 2012?
Although it passed 3 years ago? Web sites much more complicated than the
Healthcare.gov are routinely rolled out in a year at fraction of the cost.

Vote all the rascals out in next election, otherwise suffer the results.

I think you are right, I think won't happen until Mid September 2015. 7 year panic cycle...

9/2001 - 911

9/2008 - Lehman Bros.

9/2015 - ??????

Don't forget Bear Stearns, and Washington Mutual and a hundred other banks...and...and... And all with no strings attached.

If the government is going to confiscate anything, they'll have to get it from Jamie Dimon and Lloyd Blankfein and that pirate at Blackstone since they've already been given it all.

P.S. Very entertaining thread, this...

Edited by diogenes227, 03 January 2014 - 02:09 PM.

[dasein]

yep the pirates have most but not all - it will come to all eventually if they have their way -

http://www.zerohedge...-poor-rich-ever

[pdx5]

yep the pirates have most but not all - it will come to all eventually if they have their way -

http://www.zerohedge...-poor-rich-ever

The top 1% will always remain at top. They have connections and will be protected.
Besides they are much smarter than the 99% when it comes to making money. Every
country has them, even the so called non-capitalist ones.

[diogenes227]

yep the pirates have most but not all - it will come to all eventually if they have their way -

http://www.zerohedge...-poor-rich-ever

The top 1% will always remain at top. They have connections and will be protected.
Besides they are much smarter than the 99% when it comes to making money. Every
country has them, even the so called non-capitalist ones.

Always? How do they say "always" in French?



Yeah, I think that's how they say it.

[Dex]

That box was opened in Cyprus...

Sure not any surprise to me.

There are committees in congress over the past few years discussion nationalization of pension plans, 401Ks, IRAs. We won't get any notice when it comes, you account will be handed over and you will get whatever the government decides to give you.

This is Voodoo Finance.

Why would it be a surprise? Governments can't go on owing Zillions of $$ without some Draconian solutions when the Fit hits the shan...

France has a net worth tax - over X - gets taxed.

Argentina took private pensions.

[AChartist]

The gist of it is tax on labor is illegal, US Code and subsequent supreme court decisions.

Individual labor is equal exchange of labor for money, no gain, no passive taxable gain.

US code states only passive gains are taxable.

You cannot take this code into court because it is a private commercial court for 14th ammendment dual corporate citizens who
volunteered by consent ( usually by registering to vote but any other signature on federal documents or use of SS number is
consent ). The seal over the bench says " no law shall be tried in court ", you cannot take this code into court as
a 14th ammend citizen.

Start here and go from there and you will begin to see difference of Law from color of law.
Color of law is commercial contract. You are under color of law, private
commercial contract of 14th ammend corporation citizens that volunteered by consent.

Only they are schooled in this and that is why they are the .005%

http://pacinlaw.us/p...n_by_Design.pdf

Edited by AChartist, 03 January 2014 - 07:19 PM.

[pdx5]

Always? How do they say "always" in French?



Yeah, I think that's how they say it.

What has happened in France is temporary in context of long term history.

Russia had revolution and deposed the Czars and other top 1%.
It did not last. There are now more Gazillionaires in Russia.
Our tourist guide in France showed us a house in French Riviera, huge gorgeous estate,
sitting on the banks of Mediterranean, just recently bought by a Russian for
$600 Million!

Observe France after few decades...there will be more rich than any time in history.
China now has 1.2 MILLION NEW millionaires compared to Mau Tse Tung's regime
just a few decades back. No one can stop 1% from getting filthy rich.

[AChartist]

I've heard the system in UK on 100 to 1 leverage, I dont think non UK citizens can do it in UK, I dont how how it works in other countries. If you are in the bloodline, they let you in. You carry in cold cash to the bank, 1M they give you 100M credit, shim 1M out of that, 2nd bank give you another 100M credit, you now got 198M, can do a couple more times at that. you leverage up 1M to say 496M, at a few banks, you bought rental properties and collect the rent.

Edited by AChartist, 03 January 2014 - 11:12 PM.