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In Light of Obama’s ‘myRa’, It’s Time For a FLASHBACK: Jim Rogers & Ron Paul on IRA/401K Confiscation

from Sovereign Man:

I don’t know how much more clear I can be: this is happening. This is exactly what bankrupt governments do. And it’s time to give serious, serious consideration to shipping your retirement funds overseas before they take yours.

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9 comments to In Light of Obama’s ‘myRa’, It’s Time For a FLASHBACK: Jim Rogers & Ron Paul on IRA/401K Confiscation

  • Jeff

    MyRA is just the first step. They needed the mechanism from which to launch full-blown confiscation of retirement assets from the people. Now that it’s in place, let the looting begin. On a side note, how cool was it that Nigel took a swig of wine right there on set. Guy is a trip.

  • Jeff you hit the nail on the head. MyRA is merely the start. There is already proof of TPAs switching old 401ks asset holdings into 100% treasuries without the investor’s knowledge, let alone approval, folks are finding out via their year end statements. There is also legislation on the table, according to credible sources- per Larry Edelson, to fully nationalize IRAs and 401ks. It’s not that farfetched. Although these monies (roughly $5 Trillion) belong to the individual savers, the Govt will argue that they were tax deferred funds and therefore now under the control of the Govt due to a national emergency (Sovereign Bankruptcy) . Articles, videos, and potential solutions for protection can be found here:

  • Tim

    Hey Sean, I was actually at the event. It was in Santiago, Chile and all the speakers were a surprise (unannounced). It was a day I will never forget. The overall theme of the day was shared by every speaker. “Get your assets out of the country and put them in a more economically free and sound jurisdiction. The historical precedence has been set over and over and desperate government always steal more and more from the people (which clearly those reading this already know). One more notable thing from that day is that right after that panel discussion seen above, Simon asked for the cameras to be turned off so the panel could speak more off the record and it was very noticeable how much worse that all the panel members expect things to get than what they say in public. To hear Dr. Paul, who usually puts a hopeful spin on everything, and the rest of them talk about much of the darker stuff your site talks about everyday was notable and a bit unnerving. I highly recommend the DVD for anyone who is serious about getting a second passport and protecting themselves against the nanny-thieves.

    • Jeff

      Tim you’re a lucky guy. You probably went to the Woodstock of rock concerts down there. I really appreciate your insight especially about the part where they cut the cameras off. Wow. Is there a way to just buy the DVD without spending the $1,300 for the “inside” membership to Simon’s website?

  • Ed_B

    The US Fed Gov already does a great deal to prevent capital from fleeing its jurisdiction. What makes anyone think that they can simply remove their wealth from one country and put it in another? What makes them think that this will be an improvement, that the new country will feel any more reluctance at grabbing a non-citizen’s wealth rather than that of their own citizens? Remember the old, “If you don’t hold it, you don’t own it” rule? Convert a good part of your wealth into gold and silver and then deposit them in the Bank of Mother Earth. If government can’t find it, they can’t take it. Yeah, it really is as simple as that.

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