https://redstate.com/stu-in-sd/2021/04/15/why-is-the-fed-not-reporting-m1-and-m2-numbers-n361319

At the rate this illegal administration is going, they will add trillions to the debt by the end of the year.  The amount of inflation that is coming is going to harm the working middle class.

That's their plan, collapse the economy, make everyone dependent upon govt handouts.

There was some old stuff... from Hillary... oh wait!  It's not that old, and her people are pulling the Biden strings!

https://401kspecialistmag.com/how-a-hillary-win-means-government-run-401ks/

"The plan, according to International Business Times, would give "financial firms control of hundreds of billions of dollars in retirement savings," Blackstone among them, by replacing voluntary 401(k)s with a "single national system, and much of the mandated savings would flow to Wall Street."

James first outlined the retirement savings initiative in a speech a year ago to the Center for American Progress (CAP), and he joined Ghilarducci in a bylined piece in the New York Times shortly after. It immediately sent a shudder through the 401(k) industry, advisors no exception.

"It is a plan that proponents say could help millions of Americans—but could also enrich another constituency: the hedge fund and private equity industries that Blackstone dominates and that have donated millions to support Clinton's presidential bid," writes IBT.

The papers describes James as a "Washington power player" who reportedly turned down a slot in President Barack Obama's cabinet. Clinton attended a fundraiser at James' home in New York in September. The 30 people there raised between $50,000 and $100,000 per head.

"It's an improvement on the 401(k) system, which isn't close to being what's needed," Ghilarducci told 401(k) Specialist when describing the proposal in May. "It's like we're picking up the toddler, and helping this immature, underdeveloped child over the puddle and to the curb."

She added that there's "no indication that the 401(k) will ever include everyone, reduce fees to where they are appropriate, match long-term investing with long-term needs or provide fully for lifetime income. We need something that's mandatory, with no leakage, and that's what this is."


I am convinced, these Socialists look at all that money "sitting idle" they say, in ROTHIRA, 401K accounts, and think they need some vehicle to access it.  Some people haven't been so lucky, they couldn't save enough, they missed out on company matching plans, blah-blah-blah, other's have had their life's savings wiped out by a market downturn, or medical bills, ... and Trillions of dollars are tied-up in the stock market, we need to guarantee everyone a reasonable, secure future and fund Social Security.

They see all that money - and they are coming for it.   Whatever excuse they have, high national debt, poor impoverished, stock market crashes - doesn't matter, they *want* that money, your money, your savings.

Quote from: Possum on April 15, 2021, 08:31:53 AM
https://redstate.com/stu-in-sd/2021/04/15/why-is-the-fed-not-reporting-m1-and-m2-numbers-n361319

At the rate this illegal administration is going, they will add trillions to the debt by the end of the year.  The amount of inflation that is coming is going to harm the working middle class.

Every move exactly as prescribed in the Communist Manafesto. They are not skipping any steps.

Almost forgot, they want your LAND too!

Quote from: Hoofer on April 15, 2021, 10:55:00 AM
Almost forgot, they want your LAND too!

Wanting and having are different things. Hope they like the taste of 00 buckshot.

Quote from: Hoofer on April 15, 2021, 10:50:57 AM
There was some old stuff... from Hillary... oh wait!  It's not that old, and her people are pulling the Biden strings!

https://401kspecialistmag.com/how-a-hillary-win-means-government-run-401ks/

"The plan, according to International Business Times, would give "financial firms control of hundreds of billions of dollars in retirement savings," Blackstone among them, by replacing voluntary 401(k)s with a "single national system, and much of the mandated savings would flow to Wall Street."

James first outlined the retirement savings initiative in a speech a year ago to the Center for American Progress (CAP), and he joined Ghilarducci in a bylined piece in the New York Times shortly after. It immediately sent a shudder through the 401(k) industry, advisors no exception.

"It is a plan that proponents say could help millions of Americans—but could also enrich another constituency: the hedge fund and private equity industries that Blackstone dominates and that have donated millions to support Clinton's presidential bid," writes IBT.

The papers describes James as a "Washington power player" who reportedly turned down a slot in President Barack Obama's cabinet. Clinton attended a fundraiser at James' home in New York in September. The 30 people there raised between $50,000 and $100,000 per head.

"It's an improvement on the 401(k) system, which isn't close to being what's needed," Ghilarducci told 401(k) Specialist when describing the proposal in May. "It's like we're picking up the toddler, and helping this immature, underdeveloped child over the puddle and to the curb."

She added that there's "no indication that the 401(k) will ever include everyone, reduce fees to where they are appropriate, match long-term investing with long-term needs or provide fully for lifetime income. We need something that's mandatory, with no leakage, and that's what this is."


I am convinced, these Socialists look at all that money "sitting idle" they say, in ROTHIRA, 401K accounts, and think they need some vehicle to access it.  Some people haven't been so lucky, they couldn't save enough, they missed out on company matching plans, blah-blah-blah, other's have had their life's savings wiped out by a market downturn, or medical bills, ... and Trillions of dollars are tied-up in the stock market, we need to guarantee everyone a reasonable, secure future and fund Social Security.

They see all that money - and they are coming for it.   Whatever excuse they have, high national debt, poor impoverished, stock market crashes - doesn't matter, they *want* that money, your money, your savings.

Quotesecure future and fund Social Security.

And we know what the Dem's did with SS.  And their working taking even more away.

I am not a "well off" person, I have learned to be "content" with what I have and have not, glad I can still work, because I was raised on the farm where the word, "retirement" wasn't in our vocabulary.

It bugs me that Liberals are quick to compare the current state of one's life with anybody else, and never chastise those missing out on something as needing help from anybody else!  Who is gonna refuse free money?   I think it's a little demoralizing to beg for money.   But, from a faceless government entity, there's no shame at all.

I like the idea of self-reliance, stay out of my life, as much as possible, allow me to fail or succeed on my own.  Probably hated by the Globalists for that.

Why can't these anti-American, Globalists just leave us ALONE?!?!?

Quote from: Hoofer on April 15, 2021, 11:28:55 AM
I am not a "well off" person, I have learned to be "content" with what I have and have not, glad I can still work, because I was raised on the farm where the word, "retirement" wasn't in our vocabulary.

It bugs me that Liberals are quick to compare the current state of one's life with anybody else, and never chastise those missing out on something as needing help from anybody else!  Who is gonna refuse free money?   I think it's a little demoralizing to beg for money.   But, from a faceless government entity, there's no shame at all.

I like the idea of self-reliance, stay out of my life, as much as possible, allow me to fail or succeed on my own.  Probably hated by the Globalists for that.

Why can't these anti-American, Globalists just leave us ALONE?!?!?

I was brought up to be selfreliant too. I never had to back up in any pay line and I always gave more than I got including my time in the military.

Quote from: Hoofer on April 15, 2021, 10:50:57 AM
There was some old stuff... from Hillary... oh wait!  It's not that old, and her people are pulling the Biden strings!

https://401kspecialistmag.com/how-a-hillary-win-means-government-run-401ks/

"The plan, according to International Business Times, would give "financial firms control of hundreds of billions of dollars in retirement savings," Blackstone among them, by replacing voluntary 401(k)s with a "single national system, and much of the mandated savings would flow to Wall Street."

James first outlined the retirement savings initiative in a speech a year ago to the Center for American Progress (CAP), and he joined Ghilarducci in a bylined piece in the New York Times shortly after. It immediately sent a shudder through the 401(k) industry, advisors no exception.

"It is a plan that proponents say could help millions of Americans—but could also enrich another constituency: the hedge fund and private equity industries that Blackstone dominates and that have donated millions to support Clinton's presidential bid," writes IBT.

The papers describes James as a "Washington power player" who reportedly turned down a slot in President Barack Obama's cabinet. Clinton attended a fundraiser at James' home in New York in September. The 30 people there raised between $50,000 and $100,000 per head.

"It's an improvement on the 401(k) system, which isn't close to being what's needed," Ghilarducci told 401(k) Specialist when describing the proposal in May. "It's like we're picking up the toddler, and helping this immature, underdeveloped child over the puddle and to the curb."

She added that there's "no indication that the 401(k) will ever include everyone, reduce fees to where they are appropriate, match long-term investing with long-term needs or provide fully for lifetime income. We need something that's mandatory, with no leakage, and that's what this is."


I am convinced, these Socialists look at all that money "sitting idle" they say, in ROTHIRA, 401K accounts, and think they need some vehicle to access it.  Some people haven't been so lucky, they couldn't save enough, they missed out on company matching plans, blah-blah-blah, other's have had their life's savings wiped out by a market downturn, or medical bills, ... and Trillions of dollars are tied-up in the stock market, we need to guarantee everyone a reasonable, secure future and fund Social Security.

They see all that money - and they are coming for it.   Whatever excuse they have, high national debt, poor impoverished, stock market crashes - doesn't matter, they *want* that money, your money, your savings.

  It does not matter to the socialist that that money is not just sitting there, it is being invested in other businesses, they do not want YOU to have it.

Quote from: Possum on April 15, 2021, 11:53:31 AM
  It does not matter to the socialist that that money is not just sitting there, it is being invested in other businesses, they do not want YOU to have it.

Exactly!   Another excuse for either changing the currency or devaluating it - the "war on drugs".   
That's the thing about getting older, you don't have to be SMART - just need to REMEMBER what they tried the last time, makes you sound like a friggin' genius.