Posts
Don't Say You Weren't Warned!!
This item has been out for a coupla years, that CPo ("Clown Prince" obama) wants to control and eventually confiscate your retirement funds, like an IRA or 401k. They already control lots of corporate retirement funds by simply being 'in bed' with the unions.
When it comes, it will most-likely fall under that ridiculous Consumer Finance Protection Bureau (CFPB) which has the "Office for Older Americans."
http://www.consumerfinance.gov/older-americans/
http://www.ronpaulforums.com/showthread.php?396217-Obama-Begins-Push-to-Confiscate-IRA’S-amp-401K’S/page3
http://www.rightnation.us/forums/index.php?showtopic=191224
http://mbd.scout.com/mb.aspx?s=128&f=1422&t=11311791
http://www.americanthinker.com/2013/02/m-the_feds_want_your_retirement_accounts.html
Comments, anyone?
Til Nex'Time....
Showing posts with label IRA. Show all posts
Showing posts with label IRA. Show all posts
Monday, February 25, 2013
Friday, November 30, 2012
This'n'That; November Thirtieth #1; Watch Out!!
Your PRIVATE Retirement Funds WILL Go Away
If "Clown Prince" obama and his minions have their way, the federal government will CONFiSCATE your IRAs, 401ks, 403bs, and other private monies you and I were smart enough to invest for the future!! This has been in the planning stages AT LEAST since "Clown Prince" obama's 2008 'Campaign of Fluff;' thusfar, no one has had the balls to attempt it.
The most recently proposed government Ponzi Scheme, the "GRA" system, I can find is dated October 8, 2010:
In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.
Just the day before [10/07/2010], Ross Eisenbrey successfully proved that the folks working in some think-tanks are just as incompetent as the "Clown Prince" they seek to impress through equality of ineptness!!
Mr Eisenbrey testified before the equally incompetent U.S. Senate:
"I have three main points to make in this testimony today:
1. Congress has made matters worse by focusing retirement policy on high-income households and neglecting low-income workers;
2. Congress and the Obama Administration will make matters even worse if they raise the Social Security retirement age; and
3. There are potential solutions to the retirement crisis, but tweaks and small changes at the margins won’t be enough."
This has to be the largest pile of bullshit to keep resurfacing every cuppla' years. I was involved in a corporate 401k when I was in the manufacturing sector, then involved in IRAs as a self-employed carpenter-cabinetmaker; then as a truck driver. I have yet to encounter the bullshit the aforementioned articles say are the multitude of problems associated with both programs. The 'GRA system' is just another Social Security-esque Ponzi Scheme to be freely raided as GRA funds are deposited in the 'general fund.'
"Clown Prince" obama should not bear the entire brunt of this scheme to legally--once the Congress writes the law, slanted toward confiscation--steal the commoners' private retirement funds. This has been going on in some form since "Slick-Willie" Clinton, and possibly before. Therein lies the kerfuffle: can anyone point to a government agency; a government department, a quasi-government organization that's run at a break-even point, and is fraud-free?!? I think not!
Take for instance, the U.S. Postal Service. The Post Office recorded recent losses of $15.9 Billion (2012), $5.1 Billion (2011) and $5.8 Billion (2010). It's been forecasted to have annual losses of $18.5Billion by 2015 if Congress doesn't address the important issues. Remember the federal government--ultimately the Congress--runs Freddie Mac , Fannie Mae and Sally Mae. See how efficiently they're run, right?!? Can we expect the Congress to put the confiscated private retirement funds in a 'lock-box' for preservation? I'm sure they will, much like the Social Security revenues. The funds will stay in the 'lock-box' until the Congress--again, like the Social Security funds--finds some place to piss 'em away!!
The aforementioned GRA confiscation plans will likely take place during the second "Clown Prince" obama Regime, as directed by The Bilderberg Group. Both are finally realizing the unlikelyhood of the national debt EVER BEING REPAID. The national debt (currently-$16.301 TRILLION) debacle will--and does--directly affect the country's credit rating, hence the Congressional borrowing power. The Executive Branch--as demanded by The Bilderberg Group--will order private retirement funds seizure to preclude their socio-fascist form of government collapsing in upon itself. The prevention of said inward collapse will allow the Congress to continue to borrow form outside sources; China, Russia, India, et al!!
Remember: Socialism works really, really well until the Congress runs out of OUR MONEY!!
[Thank Margaret Thatcher (former British Prime Minister) for that adapted sentiment]
Your thoughts??
Til Nex'Time....
Research 'Lie-Barry:'
http://news.coinupdate.com/us-departments-of-labor-and-treasury-schedule-hearing-on-confiscation-of-private-retirement-accounts-0431/
http://www.rumormillnews.com/cgi-bin/testforum.cgi?noframes;read=251134
http://www.chacha.com/question/how-much-money-does-the-federal-government-spend-every-hour
http://politicalvelcraft.org/2012/11/19/ira401k-confiscation-coming-cash-out-get-outside-of-the-system-into-gold-silver/
http://retirementblog.ncpa.org/guaranteed-retirement-accounts-trick-or-treat/
http://retirementblog.ncpa.org/a-surprise-is-really-no-surprise/
http://www.thecomingdepression.net/main-street/scams/fdic-wants-your-retirement-cash-to-save-banks-bloomberg/#axzz2Dht7qm4E
http://nesaranews.blogspot.com/2012/11/corporate-cabalists-have-designed-chaos.html
http://www.usdebtclock.org/
The Bilderberg Group; George Soros view:
http://mediamatters.org/research/2010/11/02/limbaugh-falsely-claimed-democrats-are-talking/172800
If "Clown Prince" obama and his minions have their way, the federal government will CONFiSCATE your IRAs, 401ks, 403bs, and other private monies you and I were smart enough to invest for the future!! This has been in the planning stages AT LEAST since "Clown Prince" obama's 2008 'Campaign of Fluff;' thusfar, no one has had the balls to attempt it.
The most recently proposed government Ponzi Scheme, the "GRA" system, I can find is dated October 8, 2010:
In a nutshell, under the GRA system government would seize private 401(k) accounts, setting up an additional 5% mandatory payroll tax to dole out a “fair” pension to everyone using that confiscated money coupled with the mandated contributions. This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending.
Just the day before [10/07/2010], Ross Eisenbrey successfully proved that the folks working in some think-tanks are just as incompetent as the "Clown Prince" they seek to impress through equality of ineptness!!
Mr Eisenbrey testified before the equally incompetent U.S. Senate:
"I have three main points to make in this testimony today:
1. Congress has made matters worse by focusing retirement policy on high-income households and neglecting low-income workers;
2. Congress and the Obama Administration will make matters even worse if they raise the Social Security retirement age; and
3. There are potential solutions to the retirement crisis, but tweaks and small changes at the margins won’t be enough."
This has to be the largest pile of bullshit to keep resurfacing every cuppla' years. I was involved in a corporate 401k when I was in the manufacturing sector, then involved in IRAs as a self-employed carpenter-cabinetmaker; then as a truck driver. I have yet to encounter the bullshit the aforementioned articles say are the multitude of problems associated with both programs. The 'GRA system' is just another Social Security-esque Ponzi Scheme to be freely raided as GRA funds are deposited in the 'general fund.'
"Clown Prince" obama should not bear the entire brunt of this scheme to legally--once the Congress writes the law, slanted toward confiscation--steal the commoners' private retirement funds. This has been going on in some form since "Slick-Willie" Clinton, and possibly before. Therein lies the kerfuffle: can anyone point to a government agency; a government department, a quasi-government organization that's run at a break-even point, and is fraud-free?!? I think not!
Take for instance, the U.S. Postal Service. The Post Office recorded recent losses of $15.9 Billion (2012), $5.1 Billion (2011) and $5.8 Billion (2010). It's been forecasted to have annual losses of $18.5Billion by 2015 if Congress doesn't address the important issues. Remember the federal government--ultimately the Congress--runs Freddie Mac , Fannie Mae and Sally Mae. See how efficiently they're run, right?!? Can we expect the Congress to put the confiscated private retirement funds in a 'lock-box' for preservation? I'm sure they will, much like the Social Security revenues. The funds will stay in the 'lock-box' until the Congress--again, like the Social Security funds--finds some place to piss 'em away!!
The aforementioned GRA confiscation plans will likely take place during the second "Clown Prince" obama Regime, as directed by The Bilderberg Group. Both are finally realizing the unlikelyhood of the national debt EVER BEING REPAID. The national debt (currently-$16.301 TRILLION) debacle will--and does--directly affect the country's credit rating, hence the Congressional borrowing power. The Executive Branch--as demanded by The Bilderberg Group--will order private retirement funds seizure to preclude their socio-fascist form of government collapsing in upon itself. The prevention of said inward collapse will allow the Congress to continue to borrow form outside sources; China, Russia, India, et al!!
Remember: Socialism works really, really well until the Congress runs out of OUR MONEY!!
[Thank Margaret Thatcher (former British Prime Minister) for that adapted sentiment]
Your thoughts??
Til Nex'Time....
Research 'Lie-Barry:'
http://news.coinupdate.com/us-departments-of-labor-and-treasury-schedule-hearing-on-confiscation-of-private-retirement-accounts-0431/
http://www.rumormillnews.com/cgi-bin/testforum.cgi?noframes;read=251134
http://www.chacha.com/question/how-much-money-does-the-federal-government-spend-every-hour
http://politicalvelcraft.org/2012/11/19/ira401k-confiscation-coming-cash-out-get-outside-of-the-system-into-gold-silver/
http://retirementblog.ncpa.org/guaranteed-retirement-accounts-trick-or-treat/
http://retirementblog.ncpa.org/a-surprise-is-really-no-surprise/
http://www.thecomingdepression.net/main-street/scams/fdic-wants-your-retirement-cash-to-save-banks-bloomberg/#axzz2Dht7qm4E
http://nesaranews.blogspot.com/2012/11/corporate-cabalists-have-designed-chaos.html
http://www.usdebtclock.org/
The Bilderberg Group; George Soros view:
http://mediamatters.org/research/2010/11/02/limbaugh-falsely-claimed-democrats-are-talking/172800
Monday, November 3, 2008
This'n'That, November 3rd[Stocks;Mutual Funds]
Well, Tomorrow Is The Big Day
As they say in Chicago [and adopted by ACORN]: "Vote early-Vote OFTEN!!!
Retirement Funds
As with almost everyone else, my IRA is down, WAY DOWN!! Since the first of the year, mine has dropped 47%!! Dropped so far that I'm considering changing fund families. The account is currently in a family that I've dealt with for probably twenty years. I'm considering changing to another family that I've previously dealt with, although not for as long nor with as much money.
The Stock Market And Stocks
My active [non-retirement] stock account is down about 65%. I don't expect a very quick recovery so I'm planning on selling the bulk of the losers prior to December 31st. The sale[s] will generate a deduction from my taxable earnings. I have some that the proceeds of a sale WILL NOT cover the cost of the transaction!! These I'll hold, only because it would be a net expense to sell them.
At my on-line trading site, I've established several "watch lists." Each list is separated by objective, like dividend paying, penny stocks, depressed blue chips.
Anyone who knows me very well has heard about my greatest investing coup; that of buying Siris Satellite Radio [SIRI] @ $0.60 and selling @ $7.75, a nearly 1,300% gain!! Well, SIRI has caught my eye once again. Last Friday it closed at $0.338.
Siris Satellite Radio recently merged with XM Satellite Radio, making the new company [SIRI] THE ONLY PROVIDER of satellite radio informtion and entertainment. One can set a vehicle satellite radio to a particular channel and drive from "beach-to-beach" and "border-to-border" and NEVER LOSE THE SIGNAL!!
I guess the best definition of my investing philosophy is that I'm a "purchase-price driven investor." As a long-haul trucker, I always had XM Radio in my trucks, but invested in Siris due to the stock's price. At the time of my sixty-cent purchase, XM stock was in the 12-dollar range.
In the "Blue Chip" sector, one I'm watching is General Motors [GM]. Last Friday GM closed at $5.79. Just about a year ago [11/01/07] the stock closed at $38.80.
Given recent activities involving Chrysler, it's hard to tell how long GM will take to return to a positive financial path. Nevertheless, GM is still considered a blue chip stock and as such, should be considered a sound investment.
Another automotive stock to consider is Ford Motor Co [F]. Last Friday F closed at $2.19. A year before [11/05/07] it closed at $8.99. Five years ago, Ford was in the $15.50 range. Ford seems to have a lot of room for advancement once the general economy sorts itself out.
As a sometime NASCAR fan, I'm continually searching for racetrack and race team stocks. NASCAR itself, is what's called a "closely-held" corporation. The France family and possibly a few close friends own all the stock in the organization. I suspect that there's one of those "sell it to me, first" agreements amongst the current stockholders. NEVER do shares of NASCAR come available to "commoners" like you and me.
Sofar, I've been able to find the following three racetrack stocks.
Dover Motorsports, Inc [DVD] has racing venues in Dover, Del., Memphis, Tn., Nashville, Tn., and St Louis, Mo. Last Friday DVD closed at $2.14. Earlier this year [01/29/08], DVD closed at $7.68. DVD pays a quarterly dividend [annual rate: 2.8%].
Speedway Motorsports, Inc [TRK], closed last Friday at $15.95. A year ago [11/06/07], it closed at $38.77. TRK pays an annual dividend at the rate of 2.13%.
International Speedway Corp [ISCA] closed last Friday at $31.39; a year ago [11/13/07] at $45.31. ISCA pays an annual dividend at the [dismal] rate of 0.38%.
Remember: Due Diligence!!
Ji cuz I like a stock certainly don't make it a good investment!!
One has to do his/her due diligence, researcing all the "nooks and crannies" to find any and all information concerning an interesting stock.
Some metrics the investor should know and search out during the research process are:
***Net Profit Margin [net pretax profit divided by revenue]: The bottom line-the amount the company has left over after every other expense is taken out.
***Gross Profit Margin [gross profit divided by revenue]: It's the company's revenue minus what it costs to make the product/produce the service.
***EBITDA Margin [EBITA divided by revenue]: This is used by companies as a shorthand measure of cash flow. EBITDA is Earnings Before Interest, Taxes, Depreciation, Amortization.
***Return on Equity [net income divided by total equity]: The return investors [shareholders] are realizing on their investment.
***Return On Assets [net income divided by total assets]: The net income generated for each dollar of assets. Especially relevent for capital-intensive industries, like manufacturing.
***Interest Coverate Ratio [EBITDA divided by interest expense]: This rougly shows how easily a company can repay it's debts.
***Debt To Equity Ratio [total liabilities divided by total equity]: What the company owes compared with what it owns.
***Inventory Days [inventory divided by cost of goods sold, multiplied by 365]: The amount of time it takes to convert inventory into sales.
***Accounts Payable Days [accouts payable divided by the cost of goods sold, multiplied by 365]: The average number of days a company takes to pay it's bills.
***Accounts Receivable Days [accouts receivable divided by sales, multiplied by 365]: The aerage number of days a company's customers take to pay them.
***Current Ratio [total current assets divided by total current liabilities]: The amount of cash [or assets easily converted to cash] on hand.
***Quick Ratio [cash+accounts receivable divided by total current liabilities]: Similar to the "current ratio," this is a good measure of a company's short-term cash position.
The Jeep Compass
Has anyone driven one of these? We got rear-ended in our 2007 Honda Accord a coupla weeks ago. The car "was admitted" into the repair shop this morning. The other guy's insurance provided for a rental car. We were unlucky enough to get a 2009 Jeep Compass. Man, I DO NOT LIKE this vehicle!! It has an automatic transmission [naturally!!] and the way it shifts is kinda funky. Ya hafta push the floor-mounted shift lever sideways to advance "up" the drive range; like from D-1 through D-6. G-O-O-F-Y!!!! If I was given one of these today, I'd sell/trade it "before the sun went down!!!"
Til Nex-time........
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