Obama Lays Groundwork To Confiscate Your 401k and IRA

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(Info Wars) – This morning Reuters obtained a leaked proposal disclosing that European Union officials are looking for new and innovative ways to fund their immense debt levels.
As noted by Zero Hedge, they’re no longer turning exclusively to central bankers to simply print more money as needed. Because last year’s bank bail-in forcing the confiscation of funds from average depositors in Cyprus worked so well, EU regulators and bankers have determined that they’ll use a similar method to fund their future endeavors.

In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.”
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The solution? “The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.”
Mobilize, once again, is a more palatable word than, say, confiscate.

FAX BLAST SPECIAL: Impeach Obama NOW!
This is what happens when governments run out of money.
But if you think this is limited to just Europe, then consider the words of President Barack Obama in his recent State of the Union address.
For all intents and purposes, a similar groundwork is being laid right here in America.
They’ve already taken over the health care industry… why not nationalize our retirement savings while they’re at it?

(Reprinted with permission from Sovereign Man. You can read the full analysis here.)
This is basically the offer that the President of the United States floated last night.
And like an unctuously overgeled used car salesman, he actually pitched Americans on loaning their retirement savings to the US government with a straight face, guaranteeing “a decent return with no risk of losing what you put in. . .”
This is his new “MyRA” program. And the aim is simple– dupe unwitting Americans to plow their retirement savings into the US government’s shrinking coffers.
We’ve been talking about this for years. I have personally written since 2009 that the US government would one day push US citizens into the ‘safety and security’ of US Treasuries.
Back in 2009, almost everyone else thought I was nuts for even suggesting something so sacrilegious about the US government and financial system.
But the day has arrived. And POTUS stated almost VERBATIM what I have been writing for years.
The government is flat broke. Even by their own assessment, the US government’s “net worth” is NEGATIVE 16 trillion. That’s as of the end of 2012 (the 2013 numbers aren’t out yet). But the trend is actually worsening.
In 2009, the government’s net worth was negative $11.45 trillion. By 2010, it had dropped to minus $13.47 trillion. By 2011, minus $14.78 trillion. And by 2012, minus $16.1 trillion.
Here’s the thing: according to the IRS, there is well over $5 trillion in US individual retirement accounts. For a government as bankrupt as Uncle Sam is, $5 trillion is irresistible.
They need that money. They need YOUR money. And this MyRA program is the critical first step to corralling your hard earned retirement funds.
At our event here in Chile last year, Jim Rogers nailed this right on the head when he and Ron Paul told our audience that the government would try to take your retirement funds:
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.

As former Congressman Ron Paul notes, the government will stop at nothing.
“They’ll use force and they’ll use intimidation and they’ll use guns, because you can’t challenge the State and you can’t challenge the State’s so-called right to control the money,” warns Paul. “It’s already indicated that they will confiscate funds and they will [confiscate] pension funds.”
This didn’t just happen over night. The move to make this reality has been going on for quite some time. The first time it was mentioned publicly in any official capacity was at a 2010 Congressional hearing:

Democrats in the Senate on Thursday held a recess hearing covering a taxpayer bailout of union pensions and a plan to seize private 401(k) plans to more “fairly” distribute taxpayer-funded pensions to everyone.
Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee heard from hand-picked witnesses advocating the infamous “Guaranteed Retirement Account” (GRA) authored by Theresa Guilarducci.
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.

You’d think that such an idea would be immediately dismissed by the American public, but it has only gained steam since, as evidenced by a 2012 hearing held at the U.S. Labor Department:

The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.
“This hearing was set up to explore why Americans are not saving as much for their retirement as they could,” explains National Seniors Council National Director Robert Crone, “However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up.”
…Such “reforms” would effectively end private retirement accounts in America, Crone warns.

A few years ago the government of the United States of America nationalized nearly 1/6th of our economy when they took over the health care system with forced mandates. In the process they essentially took control of $1.6 trillion in yearly industry revenues.
But that’s nothing compared to private savings. The total amount of retirement assets in America, including 401k, IRA and savings accounts is around $21 trillion. With our national debt coincidentally approaching the same, the government sees big money and potentially a way out of our country’s fiscal disaster.
This will start voluntarily with the MyRA and other state-sponsored programs. But when not enough Americans are making it their patriotic duty to turn over their funds to their government, they’ll mandate compliance with the stroke of a pen just as they did with thePatient Affordable Care Act.
And just like Obamacare it will be enforced by the barrel of a gun. Failure to comply will mean confiscation without recourse and prison time.
All they need now is a trigger.
And that trigger will likely come in the form of another stock market collapse. Wipe out Americans’ in a stock market crash and scare the heck out of them with more economic bad news, and millions of our countrymen will be all too willing to hand it over to Uncle Sam. Panic is a powerful motivator and what better way to get people on board than by threatening them with squalor and destitution in their old age if they don’t go along with it?
Government officials have been actively working to make this a reality for years. The Europeans are doing the same.
You can put your head in the sand or cover your ears and pretend this is not happening, but that won’t change the outcome.
They will take everything they can get their hands on.
http://www.infowars.com/government-lays-groundwork-to-confiscate-your-401k-and-ira-this-is-happening/

Egypt arrests US Embassy employee: More damning evidence of aka Obama’s treasonous ties to the Muslim Brotherhood terrorists

 Arab Spring, Egypt, Hillary Clinton, Obama  Add comments

Feb 122014

 

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Obama’s puppet Morsi, did not fare well. Egyptians came out en masse calling for him to step down. The Egyptian Military listened. Increasingly, sensible Middle Easterners have rejected aka Obama’s “Arab Spring.” Also increasingly, the aka Obama Arab world busybody meddler is being exposed for his direct involvement with the Muslim Brotherhood terrorists.

It’s said that lies travel half-way around the world before truth can put its boots on. But, eventually the reality of truth is finally trumpeted. Currently, that principle is transpiring with the gradual exposure of aka Obama’s treasonous activities – aiding and abetting America’s sworn enemies, The Muslim Brotherhood.
Remember this summer when the news broke of former Egyptian president, Morsi, being arrested by the Egyptian Military after millions of Egyptian citizens rose up in protest over his terrorist government activities? Remember how Morsi’s wife then divulged her part in working with the Muslim Brotherhood terrorists, along with treasonous Bill and Hillary Clinton?
Presently, a US Embassy employee has been apparently arrested (in part) for his suspected part in “conduit actions,” – assisting MB terrorists for the aka Obama regime, in opposition to the Egyptian state and its citizenry. It is believed that this employee was the aka Obama and Hillary’s State Department agent to further the Muslim Brotherhood’s take-over of Egypt.
Is this newly arrested aka Obama administration employee talking to Egyptian authorities? Is he willingly spilling some exposure beans about aka Obama’s direct involvement with the terrorists? Is he confirming Morsi’s wife’s account. Or are the Egyptian authorities having to pry that information out of him by bringing in their fingernail specialists?
Look at the following pic of wearisome appearing aka Obama. It’s taken the day after damning news came out of one of his US federal government employees being apprehended by Egyptian authorities for presumably “playing both sides.” Surely, criminal ID fraud, aka Obama, does not look happy. Is he thinking that his time is short to do his dirty to America? Is he thinking of how his deception facade is being stripped away, day by day? Is he thinking how he may be soon brought to trial for his treasonous activities against America by his support for America’s sworn Muslim Brotherhood enemies and by his criminal ID forgery fraud? Is he thinking of his demise at a firing squad or at the hands of a hangman?

Pic of aka Obama and his familiar dissociated state. It appears as if the table’s purpose is more than a signing platform. It is supporting the exhausted White House usurper / occupier. After signing a new federal wage increase, he attempts to rise from his chair. Doesn’t he look haggard and all worn-out? It’s like his mind is not on his newest Marxist re-distribution of wealth, sucking more from American taxpayers. Perhaps, aka Obama is thinking of him being more exposed for his treasonous ID forgery fraud crimes against America and the recent news yesterday of the aka Obama US State Embassy employee being arrested by Egypt for working hand in hand with aka Obama and the Muslim Brotherhood terrorists. Pic attribution – https://news.yahoo.com/photos/surrounded-workers-president-barack-obama-gets-chair-signing-photo-200251809.html

Related to the above:
Egypt arrests U.S. embassy employee, member of Muslim Brotherhood - cofda.wordpress.com
US confirms arrest of embassy employee in Egypt – by Julian Pecquet - thehill.com
Also related – past Moralmatters.org articles about aka Obama’s Middle East meddling:

• Egyptian legal controlling authority charges aka Obama and Hillary Clinton for conspiring with Muslim Brotherhood terrorists

• Obama’s involvement with the Muslim Brotherhood and his half brother, explains his Benghazi scandal and attempted cover-up

• America’s 8 Billion Dollar Thief-In-Chief Obama and His Malicious Middle East Meddling

• Chemical Weapons allegation against Syria: Obama attempts to smokescreen his reported criminal bribery

If there is one thing that aka Obama excels at; it is deception. Irony would have it that the lies that brought aka Obama into the White House are the same lies which are being exposed and publicaly brought to light by the Sheriff Arpaio Investigation. Lies are short-lived. They always experience the reality law of “diminishing returns.”

Related to the Moralmatters mini commentary above – Aka Obama’s dirty laundry here in the United States:

• Obama’s birth certificate documentation now publicly declared a forgery by the legal Sheriff Arpaio Investigation - moralmatters.org/

• Sheriff’s Kit  – dropbox.com  - Note the forensic evidence of Obama’s criminal ID fraud

• Terrible Truth by Martha Trowbridge – Investigative Research on Barack Hussein Obama II – Forget What He Claims – The Real Personal History of the Man Who Presents As Barack Hussein Obama II - terribletruth.marthatrowbridgeradio.org/blog/

Also related:

• Denying Obama the platform: Americans have within their grasp the successful means to end Obama’s fraudulent occupation and control of government

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 “A thinking person will question what he hears; examine what he sees; and evaluate what others would have him believe.”

 “When did big government and its mainstream media tell the truth, the whole truth and nothing but the truth?”

 [Pastor emeritus Nathan M. Bickel]

Volkswagen workers reject union at Chattanooga plant, a blow to UAW

An employee works on a Passat sedan at the Volkswagen plant in Chattanooga, Tenn. Workers at the plant voted against representation by the United Auto Workers union. (Erik Schelzig / Associated Press / February 13, 2014)

By Paresh Dave

February 14, 2014, 8:00 p.m.

Volkswagen workers in Tennessee narrowly voted to reject joining a union, crushing the United Automobile Workers union's attempt to unionize a foreign-owned car factory for the first time, officials announced late Friday.

The 712-626 vote (53%-47%) against unionization at the German automaker’s three-year-old factory in Chattanooga is a setback for UAW because labor experts had thought Volkswagen gave the union its best shot of setting a precedent to make inroads with transplants such as Mercedes-Benz, BMW and Nissan.
"It would have been a confidence booster, a relevance factor and message saying that we’re growing and doing things people didn’t think we could," said Art Wheaton, director of The Worker Institute at Cornell University.
The UAW is almost certain to challenge the vote with the National Labor Relations Board because of potentially influencing comments made by Republican lawmakers and anti-union groups in recent days. U.S. Sen. Bob Corker (R-Tenn.) suggested that Volkswagen would reward Tennessee by bringing production of a new car to the factory if voters rejected forming a union. The automaker denied the claim. About 165 workers, or 11%, didn't vote.
Volkswagen said it stayed neutral through the process, even welcoming UAW representatives to speak to employees inside the factory.
"Whatever the result, workers and Volkswagen should feel proud of how they conducted themselves," the UAW said on Twitter as votes were being counted Friday night.
The union also said the "outside interference was an outrage."
Like many European automakers, Volkswagen has long worked with unions at home through a system known as works councils.
Workers at each factory elect a works council to make decisions with bosses over local issues, such as work schedules, while the larger national union negotiates pay and other major bargaining points. It was expected that the two-part system would take hold in Chattanooga, the only notable Volkswagen plant that didn’t have a works council. And in the U.S., labor law experts said a works council couldn't be created without a union representing the workers as well.
Wheaton compared the system to the U.S. Senate.
"Chattanooga doesn't get a senator unless they have a union," he said. "With a union, they are given a voice in the Senate to say, 'Bring that product to Chattanooga.'"
The automaker said it would not stop trying to bring works councils to the U.S.
"Our employees have not made a decision that they are against a works council," the company's local chief exeutive, Frank Fischer, said. "Throughout this process, we found great enthusiasm for the idea of an American-style works council both inside and outside our plant."
German and Japanese automakers opened shop in the South four decades ago, taking over cornfields and deliberately avoiding areas where unionization might be desired. As they cut into the profits of unionized Detroit automakers such as Ford and General Motors, the UAW's membership plummeted from 1.5 million to 380,000 as of 2013.
To grasp back what it's lost, the UAW has tried to soften its image to appeal to German, Japanese and South Korean automakers with U.S. plants.
Bringing in a works council would have sent a signal to the other automakers that the UAW is prepared to be more cooperative and less adversarial, labor relations experts said.
"This was going to help reduce some of the demonetization of the unions," Wheaton said. "You'll have workers elsewhere saying, 'Volkswagen doesn't see them as a huge problem, maybe we can do something like that.'"
The vote could bring discomfort to IG Metall, the union that represents Volkswagen workers in Germany.
"Work is being outsourced to a cheaper, non-union site and unions throughout the world would be upset with that," Wheaton said.
Tennessee saw union membership grow more than any other state in 2013, rising 25% to include 155,000 of its 2.5 million workers. The numbers were boosted by a new General Motors plant and the rebounding construction industry.

United Auto Workers Union Stunned by Devastating Defeat in Tennessee

Feb. 14, 2014 11:05pm Jason Howerton

Story by the Associated Press; curated by Jason Howerton
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CHATTANOOGA, Tenn. (AP) — Workers at a Volkswagen factory in Tennessee have voted against union representation, a devastating loss that derails the United Auto Workers union’s effort to organize Southern factories.
The 712-626 vote released late Friday stunned many labor experts who expected a UAW win because Volkswagen tacitly endorsed the union and even allowed organizers into the Chattanooga factory to make sales pitches.
The UAW for decades has tried without success to organize a foreign-owned plant in a region that’s wary of organized labor. The loss now makes it even harder for the union to recruit members at another Southern factory.

FILE – In this March 21, 2012, file photo, workers walk by the Volkswagen AG plant in Chattanooga, Tenn. Workers at the plant will decide in a three-day vote Wednesday, Feb. 12, 2014, whether they want to be represented by the United Auto Workers union. (AP Photo/Erik Schelzig, file)

FILE – In this July 31, 2012, file photo, an employee works on a Passat sedan at the Volkswagen plant in Chattanooga, Tenn. A three-day election on whether workers will be represented by the United Auto Workers union concludes on Friday, Feb. 14, 2014. (AP Photo/Erik Schelzig, file)

FILE – In this June 12, 2013, file photo, workers assemble Volkswagen Passat sedans at the German automaker’s plant in Chattanooga, Tenn. (AP Photo/Erik Schelzig, file)

“If they can’t win this one, what can they win?” asked Art Schwartz, a former General Motors labor negotiator who now is a consultant in Ann Arbor, Mich.
UAW President Bob King, in a 2011 speech to workers, said the union has no long-term future if it can’t organize the Southern plants.
King, however, stuck to statements he made earlier that the union would seek a vote and respect any decision made by workers.
“While we certainly would have liked a victory for workers here, we deeply respect the Volkswagen Global Group Works Council, Volkswagen management and IG Metall for doing their best to create a free and open atmosphere for workers to exercise their basic human right to form a union,” King said in a statement.

FILE – In this June 26, 2009, file photo, General Motors worker Brent Watts walks to the United Auto Workers union hall in Spring, Hill, Tenn. (AP Photo/Mark Humphrey, File)

Vulnerable Senate Dems Ask IRS To Save Them From Tea Party

 Posted 02/13/2014 06:41 PM ET

Politics: In the wake of the IRS targeting scandal, which included groups that already had tax exemptions, vulnerable Democrats ask the agency with the power to tax to use that power to destroy their opposition in 2014.
The fundamental transformation of the United States into a banana republic, where government power is used to suppress political opposition, has evolved from a hidden campaign targeting the Tea Party and other conservative groups to an open attempt to suppress free speech by changing the definition of what constitutes political activity. It's an attempt to define conservative political speech out of existence.
The administration cover story — that prior to the 2012 election the sudden increase in the number of such groups applying for tax-exempt status was the reason applications were delayed — has been blown apart by Rep. Dave Camp, R-Mich. His Ways and Means Committee found that the groups targeted already had tax exemptions and that 100% of the groups that were targeted with an audit were on the right.
Now, Senate Democrats who voted for ObamaCare and parroted President Obama's lie of the year are asking the IRS to ensure that if they like their Senate seats they can keep their Senate seats. They want the IRS to be a campaign wing of the Democratic Party.
Leading the IRS call is Sen. Charles Schumer, N.Y., the Senate Democrats' chief political strategist.
"The Tea Party elites gained extraordinary influence by being able to funnel millions of dollars into campaigns with ads that distort the truth and attack government," Schumer said in remarks at the Center for American Progress Action Fund.
Sharing that belief are vulnerable Democrats such as Sen. Mark Pryor of Arkansas. He argues the IRS has power over such groups that engage in what he calls quasi-political activity. In reality, such groups are merely people organizing to petition for the redress of grievances, which include reckless spending, oppressive taxation and regulation, and, yes, ObamaCare.
"It is inherently an internal revenue matter," Pryor is quoted in the Hill. "There are two things you don't want in political money, in the fundraising world and expenditure world. You don't want secret money, and you don't want unlimited money, and that's what we have now."
Yes, we do, particularly from unions, Hollywood and environmental groups. There is no call for the IRS to target them.
"If they're claiming the tax relief, the tax benefit to be a nonprofit for social relief or social justice, then that's what they should be doing," the Hill quotes Democratic Sen. Mark Begich, who faces a competitive race in Alaska. "If it's to give them cover so they can do political activity, that's abusing the tax code."

ObamaCare: $56,819 To Sign Up Each Enrollee In Hawaii

By JOHN MERLINE, INVESTOR'S BUSINESS DAILY

 Posted 02/14/2014 08:02 AM ET

 View Enlarged Image

How much does it cost taxpayers to sign up one ObamaCare enrollee? In President Obama's home state of Hawaii, it's $56,819.
The Obama administration gave Hawaii $205 million in grants over the past three years to set up its state-run exchange. But so far, only 3,614 Hawaiians have filled out applications — just 40% of the state's enrollment goal.
Even if Hawaii were to reach its 9,000 target, it would still cost nearly $23,000 for each enrollee.
Hawaii's low sign-up numbers have state officials scrambling to figure out what to do next year, when its exchange is supposed to rely on excise taxes charged to insurers selling through the Hawaii Health Connector.
Washington, D.C., meanwhile, received $133.6 million in federal grants to build its exchange, but so far has signed up just 5,090 — for a per-enrollee cost of $26,242.
Ironically, the city where Obama signed ObamaCare into law is just 12% toward its enrollment goal, the second worst rate in the country.
Next in line is Massachusetts, which actually had a functioning exchange website, built as part of its 2006 reform law that served as the model for ObamaCare. But the site had to be rebuilt to suit the health reform law.
After $180 million in grants, however, Massachusetts has enrolled only 8,139 in its new exchange — or $22,124 per enrollee. It had expected 250,000 people to buy an ObamaCare plan in the first year.
Of the 14 states that set up their own exchanges, just three — New York, Rhode Island, and Connecticut — have hit their enrollment targets. Eight, plus D.C., are still below 50%. Even Kentucky, which is often cited as a big ObamaCare success story, is just 22% toward its goal.
And these figures could be inflated because some states aren't reporting how many have actually paid. In Vermont, for example, 20% of those who enrolled have yet to pay their first premium. Some states have a much lower payment rate.
To be sure, enrollment numbers will climb over the next month as the March 31 deadline approaches for people who want to avoid paying the individual mandate tax penalty. That, in turn, will bring these per-enrollee numbers down.
But these states are unlikely to come anywhere near the goals set by the administration. Hawaii added just 1,420 to its rolls in January; Massachusetts gained just 3,463; D.C., 1,444.
Worse for these states, the low enrollment threatens the financial viability of their exchanges, as IBD noted last week. Exchanges in California, Minnesota, Washington State, Oregon and Hawaii face deficits and possible insolvency if they can't find ways to bring in more money. Low enrollment could also hurt the $677 million federal exchange. The administration expected nearly 4 million would enroll in ObamaCare through Healthcare.gov in the first year, with a 3.5% excise tax on insurance plans sold there helping to pay the bills.

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UN-employment is not the new Freedom! What the Democrats are saying now!

UN-employment is not the new Freedom! What the Democrats are saying now!

Recently members of Congress and Senate have been carrying on as if to be UN-employed is a blessing. Nothing can be further from the truth! I know this to be a FACT. The reason is simple....I myself was on UN-employment many years ago. At that time it was one of the most humiliating experiences I ever had.

To be UN-employed at that time was to admit failure. That was the era I came from. At that time UN-employment benefits were approximately 3 months in length. The result? I hustled to find work....any work. I took that sense of failure and decided to turn it into a "positive". I vowed NEVER to let that happen again and to SAVE my money so if it did I could "weather the storm".

Here we are now...UN-employment benefits at the time of this writing last 1.9 YEARS... almost a full 2 years! To top that off we now have lawmakers who are acting as if UN-employment is a blessing. To say this is an INSULT and a LIE to Americans who want to get ahead!


Democrat Nancy Pelosi: CBO Report Shows Obamacare Gives Americans Freedom to 'Follow Their Passion.'

Democrat Harry Reid Says Unemployment is a Good Thing – It’s “Free Agency”

Democrat Chuck Schumer: 'What CBO Said Is That Many American Workers Would Have Freedom'

Democrat Keith Ellison defends Obamacare disincentivizing work: Americans 'work too hard anyway'

Obama, Dems and Media:  No Jobs and Poverty are Good for you!

Community organizers chase Trader Joe’s out of… Portland, Oregon?

I myself have been on UN-employment so I can say this....NO UN-employment is NOT "freedom"! It does NOT give people "freedom to pursue their passions". UN-employment is "economic slavery"! It ENSLAVES the people and ROBS them of their "passions". You are entirely dependent upon that check from the Government. NO ambition...NO drive....NO motivation. Your desire to "get ahead in life" is ROBBED from you. Is that 'Freedom'?

Call your Congressman...call your Senator. Make your voice heard! Let those "leaders" know that 'economic slavery' is NOT Freedom!!

God Bless America!