Congress Rep - Proposal to Take Pension Funds - Give Money to Banks

Here in Denmark, they do everything as the USA, just a few months later.

I don't know how to crack the code to this one(pensions), it is actually a good thing, BUT, why do they have to use the peoples money to save themselves, why can't they use they own corporate money to save themselves. Banks in my country have made billions in revenue, and think that people just forgot it soon after. They have made bad investments with the peoples moneys, not their own. And now demand a bailout because otherwise they don't have a dime to lend out. That's hoqwash man. Get out of my universe you greedy bastardians. Good thing I have a rule about money: they suck. Leave 'em.

Peace

Politicians always seem to know best what to do with other people's money. The government can not be trusted to run anything effectively, unless you plan on running it into the dirt.

They need the money one way or another, if they can,t get hold of your pensions (public outcry) then the alternative is the obvious solution,find the answer near the end of revelation, who has most of the money that is not used? the churches. Their money has come from the people,organisations and governments, now they take it back.

reply to post by questioningall


What a flippin' disaster! I'm worried about my dad being able to retire now though he is such a huge saver and always has been.

I'm sorry but after reading that I need to get my dad's money in a safe place. Outside stocks, outside BONDS, and definitely outside US dollars. He is supposed to retire in about 10 years or less. Please U2U me if you want to help figure out a safe portfolio for us and those we care about. God knows that is some sort of monumental challenge and I'll need all the help I can get.

I guess the government will just destroy everything we own at the current rate its going.

Originally posted by Aakron
reply to post by questioningall

 

What a flippin' disaster! I'm worried about my dad being able to retire now though he is such a huge saver and always has been.

I'm sorry but after reading that I need to get my dad's money in a safe place. Outside stocks, outside BONDS, and definitely outside US dollars. He is supposed to retire in about 10 years or less. Please U2U me if you want to help figure out a safe portfolio for us and those we care about. God knows that is some sort of monumental challenge and I'll need all the help I can get.

I guess the government will just destroy everything we own at the current rate its going.

Much of this is depending on the type of accounts your dad's money is in and his current age. There are ways to insulate a portfolio IF its in certain type of account, and with a brokerage that has an open platform.

Just like the bailout, the moral majority of Americans did not want it, but it still was pushed through. The servers actually crashed from so many people email in, but no one there listened. Actually they did listen but not to the people that voted for them.

Letters to these reps, fall upon deaf ears and a canned letter is always sent in return.

Originally posted by TruthWithin
My God...all of this energy put into complaining about something...countless research...excellent analysis...FOR NOTHING!

DO SOMETHING ABOUT IT.

Write or call the guy!!!!

Washington, DC
2243 Rayburn House Office Building
House of Representatives
Washington, DC 20515
Phone: (202) 225-2601
Fax: (202) 225-1589

Bayside Office
218-14 Northern Boulevard
Bayside, NY 11361
Phone: (718) 423-2154
Fax: (718) 423-5053

Wow are you suprised,wasn't Obamas platform on Change,and spreading the wealth? well at least a few of his campaign promises are comming to fruitation,and as one poster said"8.5% int is pretty good,but how much is 8.5 % of nothing,welcome to the USSA

You know what would really piss off Washington,DC?

I don't even know if this is possible but what if the " WE THE PEOPLE" started our own huge bank? In the form of a Credit Union.

No former CEO or Execs from any former company will ever be ever to be employed at this bank!!!!!!!!!!!!!!!!!!!!!!!!!!

To get this started, get a liscense to form a bank and then take a small donation from everyone who wants to join and then go from there.


This keeps the Banking Cartels out of the picture and we start over right now and very quickly!!!

What are your thoughts?

Oh, I volunteer to be the first president to start things off!!


This is my first ridulous post.

Eye of Eagle

reply to post by EYEOFEAGLE


I hate to sound "Tin Foil Hatty" but talk like that may get you shot.
Banks don't like it when they can't fleece the people.

Regardless, what you propose is VERY doable.

[edit on 11-2-2009 by projectvxn]

Originally posted by whoshotJR
reply to post by johnny2127

 

I'm with you on this. It actually wouldn't be a bad thing. I also support people being able to tap into their 401k's right now without penalty. And again, they are offering to basically put your pension into a CD with a guaranteed 8.5% return if I'm reading that correctly. That's much better then anything you can find currently.

You think 8.5% return is good? have you ever heard of the rule of 72? you divide the interest rate and your investment into 72 and see how long it will take to double your money. If I gave $5000 invested getting this 8.2% how much will I have in ten years but here is the part you may not be considering. What will that money spend like in ten years.

With the economy in the tank we are looking at at least 5 years of inflationary spending and 8.5% will get me a guaranteed LOSS on my money in real earnings and purchasing power.

Originally posted by Aermacchi

Originally posted by whoshotJR
reply to post by johnny2127

 

I'm with you on this. It actually wouldn't be a bad thing. I also support people being able to tap into their 401k's right now without penalty. And again, they are offering to basically put your pension into a CD with a guaranteed 8.5% return if I'm reading that correctly. That's much better then anything you can find currently.

You think 8.5% return is good? have you ever heard of the rule of 72? you divide the interest rate and your investment into 72 and see how long it will take to double your money. If I gave $5000 invested getting this 8.2% how much will I have in ten years but here is the part you may not be considering. What will that money spend like in ten years.

With the economy in the tank we are looking at at least 5 years of inflationary spending and 8.5% will get me a guaranteed LOSS on my money in real earnings and purchasing power.

Yes I know the rule of 72, of course. You are right completely about an 8.5% return. But what you probably don't know if how most pension funds are invested. Pensions aren't allowed to take much risk, so usually they are invested with the intent of averaging 6-7% over time. Not great returns, but you are legally not able to take much risk within a pension. Hence why 8.5% looks so attractive.

In a non-pension account or even self-directed or managed 401k you can and should expect higher returns over time.


[edit on 11-2-2009 by johnny2127]

I earned it and I am supposed to count on it for my retirement years. I do not recall EVER saying that it was okay for some socialist THIEF who got into office based on B.S. and mass stupidity, to take it for any purpose.

I'M A VET, SPENT YEARS IN LAW ENFORCEMENT PROTECTING THE PUBLIC FROM ITSELF, AND NOW THAT PUBLIC HAS PUT ITS HEAD ON THE CHOPPING BLOCK BASED ON LIES, IMPOSSIBLE PROMISES, AND B.S. DISGUISED AS CHARISMATIC PRESENTATION. I'VE WASTED MY ENTIRE LIFE ON A BUNCH OF DUMB-ASS LEMMINGS! Disgusting!

the same people depending on their pensions are probably the same people with high credit card debt.

HELLO. THE BANKS ARE MORE IMPORTANT THAN THE WHOLE MIDDLE CLASS. SORRY.

Banks are more important than your schools, your health, your safety, and your kids future. They are more important than you.




When you say 'bank' you need to be saying 'lifestyle'

reply to post by Muundoggie
Yes they are and affraid to admit what is happening,if you ignor it ,it will go away.

Lower order of people....teachers of the herd,that sums it up very well Id say.The fact that an empty suit like Obama can be made president of the free world shows that the lights are on but no one is really home.America will get what we deserve for being asleep at the wheel but we will pull out of it.

Humans react to three things,fear,pain and death,we are and will experiance all three before this is over,some already have.We have had it to good for to long,how dare us think it can't happen to us .Pompous arrogance on our part.

reply to post by bismarcksea


Revolution = Martial Law = Their Goal, no?

Disgusting. And next they will eye the savings accounts and money markets - trillions of free money to bail-out the banks!

When will it end? They will continue to steal money from hardworking, productive people and give it to the least productive. I have tried to be optimistic about the situation but there is really no point anymore. I really believe this is unrecoverable.

reply to post by projectvxn


I welcome the opportunity to take one at me, They had better not miss and be a very very long way off!

I'm kinda off the grid nowadays, this is my only link and window to the Intelligence community and my consulting partner who is retired. A little old school I guess. The people are ready for an alternative to what is out there. As common as I travel, I hear this in every little cafe, coffee shop, diner, taco shop, cantina, bar, just about everywhere I go anymore. People are absolutly fed up with the crap that is going on in DC. This new puppet is nothing more than a distraction to take the eyes off of a bigger something. I just have not put a finger on what that something is just yet.

But if "We the People" would give it a really honest go and form this kind of bank, it would really hinder whatever plan they are working on.

I think people would donate just to be a part of something that is completly out of the gov,t hands and out of reach from Wall Street.

There are over 350+ million people in this country today and I think 349,990,000 of them are really pissed off right now.

Just the idea of this getting in the right hands is priceless. So keep it a secret.

I only wish I had the resources to pull this thing off.

GODSPEED,

Eye of Eagle

reply to post by Anonymous ATS


Through out the Bible there are many battles and wars and in those battles and wars were many good soldiers. In those battles and wars there were only but a few Great Warriors. Today, there are many good soldiers who have worn that uniform and fought in battles and wars and in like ancient times there are still a few Great Warriors waiting to lead again.

These Great Warriors were kings that were chosen by GOD to lead His people and to teach His word. I am a very religious man and my heart truly belongs to GOD. If anyone tries to harm or take from our church that will be the end of gov't and this country as you have know it.

Even the thought of this causes even the most holy man to clinch his fist. As for me, I am a born again Christian and I try to live my life the right way and GOD'S way but he also instills in us a passion and an instinct to do what HE will have us do. To fight for what we believe in, to protect what we have and to surely protect the HOUSE OF THE LORD THY GOD AND HIS DWELLINGS.

It is written in or about these words that no matter what the enemy tries or throws at us, GOD'S people will prevail and claim victory!!! PERIOD!!!

People of the United States of America,

I scan these sights searching for people who still believe in this country and who believe in ALMIGHTY GOD IN HEAVEN. People who watching and waiting but will stand up for this country when it is time. Whether we want it to come or not, it is coming. To what extent we are still unsure but it will come. It is then you will have to stand and do what you must do in order to preserve this beloved country.

We are a good people at heart. We are a brave people and we are a strong people and when we are forced to pull together as a one people we are a feared people with a passion to do and protect good things.

The time is getting near and you will have to make a choice sooner or later to do what you must do.

Hopefully and by the grace of GOD it will only be a sound of your voice.


GODSPEED,

Eye of Eagle

reply to post by EYEOFEAGLE


"Walk on Washington"...Time for Voices to make a Difference Again!
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