The American Empire in a Changing World


Monday, November 19, 2012

Is Uncle Sam Coming For Your IRA/401k?

if you have a 401k or IRA you better read this..............From 'The Golden Truth'
By Dave in Denver

''Let me make one thing crystal clear before the world erroneously blames this on Obama.  The IRA confiscation movement started at least during, if not before, the Bush administration.  Four years before the recent hearing sponsored by the Treasury/Labor Dept, there was a Congressional hearing On October 7, 2008 sponsored by the House Education and Labor Committee at which pension reform academic Teresa Ghilariducci presented a paper on her Guaranteed Retirement Account program.  Her idea is to replace IRA/401k accounts with a Government administered program which would provide retirees with a guaranteed annuity stream annuitized by good old U.S. Treasuries.''

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