I have two articles of interest to share with you – especially if you have some sort of nest egg.
First off -Â Congress and Obama want your 401 (k)s and IRAs
It’s in the works kids…. you’ve been saving and investing for years and now they are moving in on taking it.
Read the rest here.
Dowd on Obama: When Maureen Dowd turns on a Democrat, it is pretty much over:
Obama is still suffering from the Sp...
Washington Cesspool:
Image via Wikipedia
Nothing has changed in Washington as evidenced by the Reuters article below...
A Successful Collapse is Better than A Successful Fix: Bill Bonner argues in A Successful Collapse for allowing the economy to collapse as the best remedy....
Stossel vs Obama -- State of The Union: I would be interested in reader comments to John Stossel's piece in Townhall. It represents Mr. Stos...
Obama Has Failed and Everyone but Obama Knows It: I received the following piece from a reader not named Schuman. It is a devastating description of P...
Libertarianism on Parade: What libertarian said the following?
In the past "xxxx" needed liberty to live [better]; it must no...
Oh they would love to do it. Love, love, love. Not having an IRA or savings left, I have no dog in that fight but liberty, and that dog will fight.
It will not happen, because all the usual trial balloons will tell them that this would cause an immediate end to their hold on power; perhaps a rebellion. This really is not Argentina. Go for it, please.
James,
I think you are probably correct, although nothing is impossible given the crooks in Washington. Once things really get bad, nothing may be off the table including capital controls, martial law and “confiscation” of savings.
Big risks and small probabilities are what wipe people out.
Monty