COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” | |
Anonymous Coward (OP) User ID: 36932931 Argentina 04/06/2013 06:09 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 16591630 United States 04/06/2013 06:12 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 36932931 Argentina 04/06/2013 06:15 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 19284287 Canada 04/06/2013 06:18 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” They last "floated" this idea in 2008 as a trial baloon. Whenever you see something "put out there" as they did then, you know that eventually it will come to fruition. It may not be next year, but it is coming. You have been warned. Discretion is the better part of valor. Prepare. Cash out your 401k's and IRA's now and move them into real physical assets that can either generate an income stream or be hidden and outside the reach of government agents. (ie, not in a safety deposit box and NOT in a safe in your home). |
Anonymous Coward User ID: 37540382 Argentina 04/06/2013 06:18 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 36932931 Argentina 04/06/2013 06:20 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” They last "floated" this idea in 2008 as a trial baloon. Whenever you see something "put out there" as they did then, you know that eventually it will come to fruition. It may not be next year, but it is coming. You have been warned. Discretion is the better part of valor. Prepare. Cash out your 401k's and IRA's now and move them into real physical assets that can either generate an income stream or be hidden and outside the reach of government agents. (ie, not in a safety deposit box and NOT in a safe in your home). Quoting: Anonymous Coward 19284287 >THIS (bold letters) |
Anonymous Coward (OP) User ID: 36932931 Argentina 04/06/2013 06:20 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” |
Anonymous Coward (OP) User ID: 36932931 Argentina 04/06/2013 06:21 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” WE ARE ALERT. Quoting: Strongman Shelford WE NEVER GIVE UP. WE NEVER SURRENDER IF THERE IS A CONSPIRACY OUT THERE, WE KNOW IF THERE IS DOOM OUT THERE, WE KNOW IF THERE IS AN EARTHQUAKE OUT THERE , WE KNOW WE DISCUSS WE BUMP WE DEBUNK WE ARE THE GLP-ple. From all the countries. From all over the world. WE HAVE OUR INSIDERS AND WE HAVE OUR UNCLES WE ARE CONNECTED TO EACH OTHER WE ARE ALERT WE NEVER GIVE UP. WE NEVER SURRENDER. WE ARE THE GLP-PLE. so now , GLP-PLE... STAND UP. WE ARE THE CHAMPIONS. and WAVE YOUR FLAG. THE GLP FLAG! This is my tribute to all the GLP people. Thanks to you , I learnt a lot. Thanks to you , I am awakened. Strongman Shelford - Dec 2012 GLP human, I salute you! source: Thread: WE ARE the "G.L.P.-ple". JOIN US! |
KarinZa
User ID: 28116221 United States 04/06/2013 06:31 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” They last "floated" this idea in 2008 as a trial baloon. Whenever you see something "put out there" as they did then, you know that eventually it will come to fruition. It may not be next year, but it is coming. You have been warned. Discretion is the better part of valor. Prepare. Cash out your 401k's and IRA's now and move them into real physical assets that can either generate an income stream or be hidden and outside the reach of government agents. (ie, not in a safety deposit box and NOT in a safe in your home). Quoting: Anonymous Coward 19284287 Yes. And in '09 we did it! Including the 529. People won't listen though. And if you have a forced 401 thru your company, do money market and invest at the minimum required. You better have already gone to the mattresses, boys. Karma for you OP when I'm off my phone :-) "I may be paranoid, but not an android." |
Madmacs
User ID: 31100145 United States 04/06/2013 06:40 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 35179157 United States 04/06/2013 06:43 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 36932931 Argentina 04/06/2013 07:01 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 37536239 Canada 04/06/2013 07:11 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” The Canadian Pension Plan is over-funded and can take a prolonged hit on the fund if the economy tanks and/or as the Baby Boomers work through the system. A lot of the fund is invested in transportation infrastructure throughout the world. I am not worried about my government pension and will gladly keep paying my $4K contribution each year. |
Vic-chick13
User ID: 37101101 Canada 04/06/2013 07:11 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 37530220 United States 04/06/2013 07:20 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” Well, a hyperinflation scenario has been forecasted to hit the US by the end of 2014. I'm guessing that would mean 401K, IRA, physical paper, and so on would be worthless. |
Anonymous Coward (OP) User ID: 36932931 Argentina 04/06/2013 07:22 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” The Canadian Pension Plan is over-funded and can take a prolonged hit on the fund if the economy tanks and/or as the Baby Boomers work through the system. Quoting: Anonymous Coward 37536239 A lot of the fund is invested in transportation infrastructure throughout the world. I am not worried about my government pension and will gladly keep paying my $4K contribution each year. oh really? Sorry to spoil the party. Please check gold perfomance against the canadian dollar ;) in the last 10 years good luck :) [link to www.theglobeandmail.com] |
Anonymous Coward User ID: 37536239 Canada 04/06/2013 07:36 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” The Canadian Pension Plan is over-funded and can take a prolonged hit on the fund if the economy tanks and/or as the Baby Boomers work through the system. Quoting: Anonymous Coward 37536239 A lot of the fund is invested in transportation infrastructure throughout the world. I am not worried about my government pension and will gladly keep paying my $4K contribution each year. oh really? Sorry to spoil the party. Please check gold perfomance against the canadian dollar ;) in the last 10 years good luck :) [link to www.theglobeandmail.com] Pension plan invested in gold. |
Anonymous Coward User ID: 37536239 Canada 04/06/2013 07:37 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” The Canadian Pension Plan is over-funded and can take a prolonged hit on the fund if the economy tanks and/or as the Baby Boomers work through the system. Quoting: Anonymous Coward 37536239 A lot of the fund is invested in transportation infrastructure throughout the world. I am not worried about my government pension and will gladly keep paying my $4K contribution each year. oh really? Sorry to spoil the party. Please check gold perfomance against the canadian dollar ;) in the last 10 years good luck :) [link to www.theglobeandmail.com] Pension plan invested in gold. And hard assets. If money became worthless a new currency is developed and the assets start raking in the new money. It is a can't fail proposition. |
Anonymous Coward (OP) User ID: 36932931 Argentina 04/06/2013 07:52 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 17843738 United States 04/06/2013 08:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1540313 United States 04/06/2013 08:08 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” Good morning Strongman! is the weather any better there? I would also advise people to clean out their IRA's! Most people of the USA middle class, who own their homes, either lost their homes(savings) or they lost one half to one third the value of their homes. What happened to me, I lost approx twenty years of savings due to devaluation of my home, my home was my savings acct. I still have it, but it is worth half of what I spent to buy it, an make payments for almost 15 years now. It is money, poof gone. |
Anonymous Coward (OP) User ID: 36932931 Argentina 04/06/2013 08:09 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” Good morning Strongman! is the weather any better there? I would also advise people to clean out their IRA's! Most people of the USA middle class, who own their homes, either lost their homes(savings) or they lost one half to one third the value of their homes. What happened to me, I lost approx twenty years of savings due to devaluation of my home, my home was my savings acct. I still have it, but it is worth half of what I spent to buy it, an make payments for almost 15 years now. It is money, poof gone. Quoting: SpiderJones "your house is not an asset." Robert Kiyosaki |
Anonymous Coward User ID: 25450407 United States 04/06/2013 08:28 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” To DESTROY DEBT you HAVE to DESTROY SAVINGS. Think about it. Debt can NOT be created until someone has saved money that can be borrowed. If you then "reduce" the amount of the debt you are ALSO SIMULTANEOUSLY reducing the savings that the debt is to go to repay. Debt is the opposite side of the coin from savings. Same coin, just different sides. once you understand that UNDERLYING BASIC CONCEPT (debt = savings: destroy one you automatically destroy the other), then you can see the hoops that governments try to jump through as debt becomes uncollectable to first obtain MORE of people's savings to keep the game going a while longer and then to somehow try to destroy people's savings without them realizing that what is going on is a CALCULATED destruction of their savings. Sovereign Debt at it's core is not just merely owing more than you can repay even the interest on out of current economic activity ... but includes promised social welfare payments and pension payments!! THIS IS A CONCEPT THAT VIRTUALLY NO ACADEMIC ECONOMISTS EVEN RECOGNIZES EXISTS!!. It is however a key element in the "debt must be repaid or repudiated" financial calculation. Seizing Pensions is a time honored way to seize the saver's money, as is people keeping their money in a State Owned bank. Inflation is another way to steal from the savers. "Taxes" on Savings or on Capital is another way. As countries struggle to make current payments on excessive amounts of debts (including guaranteed social welfare transfer payments - see above) that are in excess of the country's ability to generate income to even pay the current interest or payments required look for governments to increasingly try EVERYTING to squeeze the Saver's Class and the actual productive members of society so as to protect the Creditor Class (since it is the Creditor Class that generally controls the levers of political power in most western societies). So Mr. Sheldon is correct ... this AND OTHER SCHEMES are coming to a place near you, and in the very near future!! (Europe probably first, but eventually reaching even that port of last refuge, the United States) Old Trader (and Longwave Economic follower) |
Anonymous Coward User ID: 25450407 United States 04/06/2013 08:29 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 37021243 United Kingdom 04/06/2013 08:32 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 30075865 United States 04/06/2013 08:36 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” Good morning Strongman! is the weather any better there? I would also advise people to clean out their IRA's! Most people of the USA middle class, who own their homes, either lost their homes(savings) or they lost one half to one third the value of their homes. What happened to me, I lost approx twenty years of savings due to devaluation of my home, my home was my savings acct. I still have it, but it is worth half of what I spent to buy it, an make payments for almost 15 years now. It is money, poof gone. Quoting: SpiderJones "your house is not an asset." Robert Kiyosaki When should we stop paying our mortgages??? |
bornatexan
User ID: 1521755 United States 04/06/2013 08:38 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” Fortuneately I am safe since I practically have no pension at all and no savings. All I have is me and I am "hands off". Very scary though. By the way, improve your Karma even more by letting me know the word on the streets. Any talk of any of your neighbors hating Americans enough to join Iran and North Korea in an attack? Thanks. I moved in with my elderly parents after my dad had a stroke 2 years ago. Now we are like the three muscateers. I kept buying gallons of water and can goods each time I went for groceries and if on-sale stacks of bottled water...finally Mama politely asked whats up with all the water. I finally came out and told her. I think it went well, the other day she was talking to a real estate lady. I asked why? She said , I was reading and we need a bug-out place...hehe true story! Well enough about me. |
Carol B.
User ID: 30598717 United States 04/06/2013 08:38 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 34273960 United States 04/06/2013 08:39 AM Report Abusive Post Report Copyright Violation | Re: COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” WTF? I've worked since I was 16 years old. I am now 45. I already know there will be no social security when I retire, thanks to the government's "help". I quite contributing to the 401k, because there is no since giving them more than I already do. Now they come for my pension? Is there anyway to protect myself from my greedy ass government? |
Anonymous Coward User ID: 1540313 United States 04/06/2013 08:44 AM Report Abusive Post Report Copyright Violation | |