Your theory is not as outlandish as it appears. I became very suspicious years ago when the irs required reporting of your 401k balance every year on your tax return. Then I read the “law” that stated govt can “borrow” from it anytime they want and of course they will pay it back - but no discussion of by what authority or whether they will pay back with interest. Why would a govt ever give themselves power to steal from people’s private accounts? Banana republic may be too mild a term.
It seems that your 401k has been invaded by the Imperialists and Colonized. And you along with it. And really, the God's honest truth!
And so we the subject slaves are really no different from the Russians or anyone else when it comes to asset seizure (either actuated or as of yet un-actuated).
A giant mess! I am of the school when a law ceases to be just I have no obligation to obey it so we leave that slot blank, I want them to come explain to me why they have the right to know - we have received no follow up. One wonders if even the agents have trouble explaining this little tidbit to taxpayers… and if the information would wake up too many people to the nefarious tentacles of our own govt.
So much of what “our representatives” do they do in the dark - it is appalling.
Problem is you put everything into a hard asset and you go to use a gold coin to buy groceries. You think they are going to have enough cash on hand to give you back your change? You never, ever put all eggs in one basket.
That’s one thing that haven’t quite figured out so they’ll just skip that step, start our revolution and let the media lie about us. That’s why the the first casualty of this revolution needs to be server farms. The propaganda must be destroyed first.
Just wait until the banks steal our money with a bail-in.
My DEI instructor told me 401Ks benefited from colonialism.
Funds shall be distributed to the new migrants.
Your theory is not as outlandish as it appears. I became very suspicious years ago when the irs required reporting of your 401k balance every year on your tax return. Then I read the “law” that stated govt can “borrow” from it anytime they want and of course they will pay it back - but no discussion of by what authority or whether they will pay back with interest. Why would a govt ever give themselves power to steal from people’s private accounts? Banana republic may be too mild a term.
It seems that your 401k has been invaded by the Imperialists and Colonized. And you along with it. And really, the God's honest truth!
And so we the subject slaves are really no different from the Russians or anyone else when it comes to asset seizure (either actuated or as of yet un-actuated).
What a mess!
A giant mess! I am of the school when a law ceases to be just I have no obligation to obey it so we leave that slot blank, I want them to come explain to me why they have the right to know - we have received no follow up. One wonders if even the agents have trouble explaining this little tidbit to taxpayers… and if the information would wake up too many people to the nefarious tentacles of our own govt.
So much of what “our representatives” do they do in the dark - it is appalling.
Totally appalling. Totally totalitarian. Totally immoral and lawless. And my sense of this only deepens. Especially post-C19 Terrorism inception.
Yep. My wife is less risk-concerned than I.
Otherwise I'd cash the whole thing out to cash (taking the 50% hit).
And put the cash into a hard asset.
But... I'll take my chances with the market and pray the fear porn won't become real.
Problem is you put everything into a hard asset and you go to use a gold coin to buy groceries. You think they are going to have enough cash on hand to give you back your change? You never, ever put all eggs in one basket.
The idea of gold is to sell it when things stabilize under a new currency.
Not to buy bread with a 1oz gold coin or 10 acres of land.
I’m waiting for them to go after the second.
That’s one thing that haven’t quite figured out so they’ll just skip that step, start our revolution and let the media lie about us. That’s why the the first casualty of this revolution needs to be server farms. The propaganda must be destroyed first.
What’s the spark gonna be?