MONEY: “counter party risk” in 401k and IRA accounts

Friday, December 30, 2011

http://barnhardt.biz/

The Sick Truth About 401ks Finally Sinks In
Posted by Ann Barnhardt – December 12, AD 2011 4:22 PM MST

*** begin quote ***

Possession is nine-tenths of the law.

*** and ***

So, this nasty business brings us around to a very nasty, but inevitable question. Was that money ever yours, or has the entire 401k fiasco been nothing more than an underhanded, stealth confiscatory tax for the vast majority of folks who have participated in it over the years? I’d have to say, “affirmative” to the latter. If you are denied access to “your money”, then honey, it ain’t “your money” and never was. Many of you have been conned into working for a salary that was x percent less than what you were told, with “x” being the percent “contributed” to “your” 401k account. That “x percent” should be added to your marginal tax rate, because it is probably going to end up in the coffers of the United States Treasury by way of J.P. Morgan, Goldman Sachs, or HSBC, or one of the other big crypto-fascist banks, by way of London, just like the MF Global money.

*** and ***

A.) CEASE ALL NEW CONTRIBUTIONS IMMEDIATELY.

B.) If there is a loan option attached to your 401k program, take out the maximum possible loan and set up the SLOWEST possible repayment schedule.

C.) Never again enter into an arrangement wherein “your money” is unavailable to you and is anything less than completely liquid.

Possession truly is nine-tenths of the law, and under a lawless Marxist-Communist-Fascist government where the rule of law no longer exists (such as we are in now), possession is closer to ten-tenths of the law.

*** end quote ***

When the politicians and bureaucrats look around for “available money”, there are tens of trillions of dollars in 401k and IRA accounts.

Are you scared yet?

That’s your risk!

Greedy politicians.

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WRITING: Dog in the manger

Thursday, December 29, 2011

Dog in the manger

“We’ll be back in the morning with your new roomates.” The TSA “housing officer” turned and stomped out.

Well they had finally caught up with him. Having one person living in the ancestral three bedroom hovel was indeed not “fair” to all the folk who had less. It was up to him to share as Big Brother decided was equitable. But he’d been paying, and would continue to pay. Well, the time had arrived. It would be dark soon.

He walked outside and took two thin little sticks taped to the downspout and found their place in the lawn. One taller than the other. It went furthest from the house; the shortest closer.

It’d been a good house. Filled with joy. Of course, there was sadness. Who can balance such things. But it was his. He paid the mortgage off in good times and bad. He’d paid the ever increasing taxes that made him feel like a renter. Or a serf to the feudal lord. He couldn’t be any more attached to it than if he’d actually mowed the lawn for himself. There were no children to leave it to, but still the State didn’t have the courtesy to wait until he died to steal it. He knew that any protest was futile. Redress of grievances would have to wait for a higher court.

There were a few last chores to do. He took a ride in the ratty old truck around town with a little box glowing green. Its mates woke up from their slumber and glowed green in sympathy. He drove to the park. A little less than a mile away. Where the happy couple had thought their children would play. Every time he passed, he thought that way. Who’d have believed that it would end this way. At least, she wasn’t here to see it. That made him free. He was uplifted as he walked back from the park.

But it would be dark soon. He had his last meal in the old house. Oatmeal. That’s all he could afford. He then packed a small kit to take to the new world. If he made it. Anything of value was in that. Wife’s ring, his diploma, picture of his first car. Those were the idyllic days when anything was possible. Before the boot on the neck. And the little entrenching tool from WW2. Where had that been. Never in as desperate situation as now.

At full dark, he turned off the light. Opened the valves. Waited for his eyes to adjust. Let himself out and walked to the park. It was dark. He was in black. And, no one cared. One didn’t look out one’s windows these days. Better not to see the experiment ending.

To the park and up that little hill commanding the heights. Six paces from the top marker towards the house, five at starboard forty five, and dig. The ground was hard from decades of sleep. When the Government first said his tools were “illegal”, he’d stored them for a rainy day. And, they were so stupid they couldn’t remember he had them. Three foot down. Half the distance for a grave. Would be if he was found. There were the long laid down tools. In pvc tubes, dirty but unbent. He laid the three side by side. This was the Rubicon. In the twinkle of an Irish Eye, the thought came: “It was her house.” That decided it. The thermite was struck and immediately flared. As if it had been freshly placed. The tools emerged from their long sleep. The dry ice, solid no more, smoked like a cigarette from the white tube casket. “George” and “Martha”, twin 45’s, were holstered once again. “Little Joe”, an American sten, was loaded and primed. And, finally, “Big Ben”, all 12 pounds of his 50 cal frame, was ready to rock.

From his fighting hole, he deployed his cover. The enemy would control the air. But, if he was lucky, and they were up to their usual subpar, he could escape after his task. His estimates wandered from slim to none. With stops at crazy, and what have you done. False dawn passing. His sweat cooled. He smelled homeless which would soon be true. But he carried his home in his heart. Along with the murder he was about to do. Peaceful by nature, never to strike the first blow, he respond to this aggression, with a kick in the nuts. Be careful of the quiet ones. Still water runs deep. Courage is to bear the little insults and respond to the big ones with all the outrage of a mother bear defending her cub. Homes are not cubs, but they can be symbols. Of what should have, might have, or could have been. Hence ikons of faith and hope. There’d be no charity here. Dawn.

Time to get to work. There were distances to confirm, angles to mark, little sticks to line up, and prayers to be said. Quickly done for it was mere a repeat of what had been planned. Drilled in the mind’s eye during each affront and insult. That glassy eyed stare at the “Nazi du jour” was not apathy. But vengeance being planned. Beware that stare should it be aimed at you. The bell tolls. That bell’s for you.

It was really anticlimactic. At first, he thought they wouldn’t show. But about 10, they did. Four cars. One truck. A squad of sixteen men. Six officers. One of whom was that “housing officer”. Three men and a officer blocked the street. Three men each to a sides of the house. The ones going on the closest side broke those sticks without noticing. No matter the mark had been set at the business end. It was really child’s play. He had no time to watch the show; there was work to be done. “Big Ben” ate 15 at a time, so there’d be a reload or two. Quick would be the word and sharp at the mark. For this was his.

It sounded like a cannon, but, in truth but a whisper, silence is golden and a silencer is de rigueur. Like Sargent York’s instruction about geese, you shoot the ones who can’t be seen by the others. Bang, bang, bang, bang, … as methodical as driving nails with a nail gun. The Misguided Children were right. Let God sort them out. The road guard disposed of. He took the back guard. They were easy the one facing back was first. Facing the back next. Finally, the guy who realized he had only seconds. He could see his eyes widen in terror. No matter. The time for realization that one was a “Nazi” was long ago. Today there was merely retribution. The officers in front next. By now, they’d figured out that they were “Custer” and someone else was “Sitting Bull”. Old ideas die hard. And, misperceptions deadly. They’d done this to the sheep so many times that they’d forgotten that there was a thing called a sheep dog. They paid with their lives. Running for cover was an amusing attempt. A 50 cal is no match for a car door. Put two in and watch the blood drip. But there was still the living to tend too. One obvious vet had thrown himself down to play dead. Since he wanted to play, I helped him to be realistic. A few threw down their weapons and put their hands up. Sorry, this isn’t the movies. This is Fifth Generation War. Bang, bang, bang.

The clock in his head was ticking louder and louder. Ammo was no problem; time was. Some one had to have called for help. If he was to survive, he’d better be quick. And lucky. He paused to survey the killing field. He thought he got everyone. But need to be sure. None should survive. Maybe that was a bad plan? One should of to tell the tale. Nah, he’d stick to the plan.

Then he heard the tell tale noise. Rotors. His life had gotten shorter. Maybe he could hit his miracle shot. The copter would be over the house. That was 800 meters. Let’s guess and altitude of a 1,000 feet. At eight inches per thousand drop on a level. What’s the drop at say 45 degrees? Aww, hell, there’s no time to calculate. If he even could. Call it 16 mils and aim high. “Big Ben” said “feed me”. So AP it was. Only five. They cost a cspot each at the local black market. Fired four at the bird. And may have got lucky. It spun off with smoke.

Time to bring the curtain down. So far we’d been lucky. Me and my friends — George, Martha, Little Joe, and Big Ben. But luck runs out and sevens always come. And the double zero is there to break up red and black. So into the stock where those two sticks lined up. And one AP round into the buried gas meter later, the old house was history. The gas in the house, fired by the gas at the meter, put splinters for meters. The smoke was amazing; the flame not bad either. Be long time before anyone could get near her.

So it was time to move on. “Big Ben” said “more”. But we were low on ammo and the targets were covered with wood chips. Slung Ben. Picked up Joe. And, quick march to the truck. This is where it could get dicy. Would anyone have figured out where the highpoint was? “Little Joe” was for that last fire fight. As I emerged from the park I still saw no one. Maybe some disadvantaged urban yutes inspecting cars but they were up the block. I think they saw Little Joe. Maybe they just saw a killer and decided “professional courtesy”. Either way Little Joe went on the front seat. Big Ben to the back. On the floor; not the rack. As I crossed the main road, I figured I need to give the Gooferment something else to think about. Pressed the button and a red light lit. Could hear the explosions. The high point looked like a volcano. Amazing what diesel, fertilizer, and some PriD do. Time to concentrate on the road.

Six non-stop hours later, he was in the Free State thanks to the back roads. He stopped at the first bar. After a pit stop, he ordered his first scotch in his new life. “Barkeep, is my gun safe in my truck?” “Sure, but feel free to bring it in. Everyone else does. Like Heinlein said.” Yup, the Free State! He’d made it. Just lucky.

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RANT: The true root of the USA’s problem — faith-based money; no gold

Thursday, December 29, 2011

http://www.keywestlou.com/

Saturday, December 17, 2011

*** begin quote ***

The point I was making was that the two biggest ripoff generators in recent years affecting the American public were involved. Oil producers and a bank. The royal family requiring $3 million pocket money for a London vacation. A bank with so much extra money that it invests $7.4 million in a rare gold coin.

Something is wrong with the system! The rich get richer. Poor poorer. The incidents reported sort of like spitting in some one’s face.

*** end quote ***

Amusing about the “oil”? Every President — D and R — since I can remember from Nixon on has promised to make the USA energy independent. Which logically would imply that OPEC would get less of our money. But, demonstrating that politicians and bureaucrats would rather talk than do, the USA, despite having a “department of energy”, ain’t independent.

With respect to gold — I believe that the “little people” have been screwed royally by FDR’s gold seizure (i.e., gold was removed from the money supply). This allowed the banking cartel, the “Federal” Reserve System, to inflate the money supply and destroy the value. It allowed Presidents, politicians, and bureaucrats to spend without concern. Guns and butter. Warfare / Welfare state. Without the check of having to get money from the taxpayers. And, we all fell for the ruse. Ron Paul in one of the debates had a killer line that went like “three silver dimes bought a gallon of gas in the late Sixties, today those same three dimes will buy more than a gallon. It’s not that gas has become more expensive, but the money is worth less.” Absolutely true! I remember buying gas at 25¢ a gallon while getting a free glass, trading stamps, and my windshield cleaned. Argh!

My point is that the poor, the working stiff, the pensioner are screwed by inflation.

(And, when they don’t like the numbers, the bureaucrats exclude energy, food, or whatever other inconvenient component they feel like. Pat us on the head and tell us “move along. nothing to see here.”)

Occupy had many flaws, but I think what they could NOT express cogently was “we’ze gettin’ screwed”. They were just “occupying” the wrong place. Wall Street as a symbol for crony capitalism wasn’t the root. It was the politicians of both parties that are the problem.

And the TRUE ROOT of the problem is faith-based fiat money. From time immemorial, the little guy has been <synonym for the past tense of the procreation act.> by the “King” debasing the monetary unit.

(Go to the Smithsonian and see the French Franc over decades. From the gold hockey puck of Louis 1 to the paper thin collar button of Louis 17. That’s a visual problem statement. Cant do it with a paper dollar, but we know that between 1970 and 2010, it lost 98% of its purchasing power. That’s why there’s no penny candy any more.)

“We, The Sheeple” are SOOOOO dumb!

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RANT: Where else is Tim Bishop going to land a job that pays $174,000 a year with his resume?

Wednesday, December 28, 2011

http://libertyslifeline.com/2011/12/27/tim-bishops-phone-center-folly/

Tim Bishop’s Phone Center Folly
by Bill O’Connell on December 27, 2011

*** begin quote ***

So Tim Bishop looks out for Tim Bishop first, Nancy Pelosi second, and if he can help his constitutents cut through some bureaucratic red tape, cut through it but not eliminiate it, he will do so. But he needs something, anything, to take the voters eyes off his dismal record in Congress, so let’s try another new twist on outsourcing, whether it is germane to his constituents or not. After all, where else is Tim Bishop going to land a job that pays $174,000 a year with his resume?

*** end quote ***

The last line is a great point.

How would any of these people “land a job that pays $174,000 a year with” that “resume”.

Seriously.

These folks would be in the trash can faster than a resume with a typo in the headline.

Let’s insist that the candidates produce a resume.

What are they going to put on it?

*** begin imaginary quote ***

Interviewer: “Now, Mister or Ms. Jones, you’re applying reappointment to the job as Legislator. So, what did you accomplish since your last reappointment?”

Legislator: “Well, not much, but it wasn’t my fault.”

Interviewer: “So, you got nothing done? Incompetent or lazy?”

Legislator: “It was the other party that wouldn’t cooperate.”

Interviewer: “So, you couldn’t persuade them to do what you felt needed to be done?”

Legislator: “It wasn’t my fault.”

Interviewer: “Well that is too bad. But, we have to focus on results. I’m sure that Burger King needs people of your caliber.”

*** end imaginary quote ***

Argh!

This goes for both the D’s and the R’s

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TINFOILHAT: FDR’s role in Pearl Harbor

Wednesday, December 28, 2011

http://www.wnd.com/index.php?fa=PAGE.view&pageId=374765

Did FDR provoke Pearl Harbor?
Pat Buchanan
Posted: December 05, 2011

*** begin quote ***

Said ex-President Herbert Hoover, Republican statesman of the day, “We have only one job to do now, and that is to defeat Japan.”

But to friends, “the Chief” sent another message: “You and I know that this continuous putting pins in rattlesnakes finally got this country bit.”

Today, 70 years after Pearl Harbor, a remarkable secret history, written from 1943 to 1963, has come to light. It is Hoover’s explanation of what happened before, during and after the world war that may prove yet the death knell of the West.

Edited by historian George Nash, “Freedom Betrayed: Herbert Hoover’s History of the Second World War and Its Aftermath” is a searing indictment of FDR and the men around him as politicians who lied prodigiously about their desire to keep America out of war, even as they took one deliberate step after another to take us into war.

Yet the book is no polemic. The 50-page run-up to the war in the Pacific uses memoirs and documents from all sides to prove Hoover’s indictment. And perhaps the best way to show the power of this book is the way Hoover does it – chronologically, painstakingly, week by week.

*** and ***

At a Nov. 25 meeting of FDR’s war council, Secretary of War Henry Stimson’s notes speak of the prevailing consensus: “The question was how we should maneuver them (the Japanese) into … firing the first shot without allowing too much danger to ourselves.”

“We can wipe the Japanese off the map in three months,” wrote Navy Secretary Frank Knox.

As Grew had predicted, Japan, a “hara-kiri nation,” proved more likely to fling herself into national suicide for honor than to allow herself to be humiliated.

Out of the war that arose from the refusal to meet Prince Konoye came scores of thousands of U.S. dead, Hiroshima, Nagasaki, the fall of China to Mao Zedong, U.S. wars in Korea and Vietnam, and the rise of a new arrogant China that shows little respect for the great superpower of yesterday.

If you would know the history that made our world, spend a week with Mr. Hoover’s book.

*** end quote ***

“Past is prologue”.

The Presidency has been out of control since Lincoln; it became “Imperial” with Teddy and Wilson.

We know that the “Northwinds” memo demonstrates that the Gooferment is not above starting a war to get more power over the people.

We really need to listen more to the lovable “tin foil hats”, like me, because they are not necessarily wrong.

Jut go thru the litany of tin foil hat arguments, and you’ll find gems.

Who’s hiding what and when?

“We, The Sheeple” need a wake up call.

It seems OBVIOUSLY apparent that FDR wanted a war because he took steps that everyone agreed would lead to it.

Then the crocodile tears and feigned outrage when Japan attacked.

Argh!

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POLITICAL: Excluding the “right” people

Tuesday, December 27, 2011

http://www.lewrockwell.com/blog/lewrw/archives/102133.html

December 24, 2011Yes, Virginia —Posted by Charles Burris on December 24, 2011 12:55 PM

*** begin quote ***

Let the Virginia ballot disqualification experience of Gingrich, Bachmann, Huntsman, Santorum, and Perry be an eye-opening object lesson to those dedicated supporters of Ron Paul who urge an independent or third party bid. The American electoral system is organized into fifty-two different sets of election laws (the federal laws and those of the 50 states and Guam). Each jurisdiction has entirely different ballot petition requirements for the Democrats and Republicans, as well as third party and independent presidential candidates.

These requirements are onerous, unduly burdensome, and chilling in their effect of squashing voters choosing candidates other than the Democrats and Republicans who draft and vigorously enforce these laws to protect their duopoly. I have been a litigant to several legal challenges to these restrictive laws in Oklahoma at the state and federal level, some cases reaching the United States Supreme Court.

*** end quote ***

So let’s understand this. Asking for id to vote is discriminatory excluding voters. But 50 or more ballot processes is OK.

It’s OBVIOUSLY OK, because it excludes the “right” people.

Participation by other than a “good kop / bad kop” candidate is VERY BAD to the status quo.

So the entrenched ruling class keeps the serfs down on the farm!

Argh!

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FLASH: The next debt limit debate

Tuesday, December 27, 2011

http://news.yahoo.com/obama-ask-debt-limit-hike-treasury-official-152416457.html

Obama to ask for debt limit hike: Treasury officialReutersReuters – 3 mins 32 secs ago

*** begin quote ***

WASHINGTON (Reuters) – The White House plans to ask Congress by the end of the week for an increase in the government’s debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.

The approval is expected to go through without a challenge, given that Congress is in recess until later in January and the request is in line with an agreement to keep the U.S. government funded into 2013.

The debt is projected to fall within $100 billion of the current cap by December 30, when the United States has $82 billion in interest on its debt and payments such as Social Security coming due. President Barack Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion, part of the spending authority that was negotiated between Congress and the White House this summer.

*** end quote ***

OK, let’s start another “debt deal”. No!

No more debt!

Ever.

In fact, it’s sticking it to the posterity. Stop spending.

End the FED.

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RANT: A conversation about Roe versus Wade

Tuesday, December 27, 2011

Roe versus Wade was NOT a national conversation. It was court decision and a bad one at that. imho. On par, with Dred Scott.

The process of amendment would allow a conversation about the philosophy of life and intrusion of the Gooferment into our lives. Ron Paul is for the Gooferment to get out of the mandating business and let the States form their own policies.

I’m convinced that a future ethical society will look back at us as as backward as the bloodletting surgeons and as evil as the Nazis.

Bear in mind as a little L libertarian I don’t want force applied to anyone that hasn’t initiated it. The very personal decision of a woman to bear children should not be the subject of idle chit chat by old men in funny dresses. Nor should it be the way that a company, “Planned Parenthood” makes grazillions of dollars luring children into the “sex trade”. That’s what it is virtually.

Parents should raise children and politicians should raise pets.

Argh!

What we have here is immoral! Not that I want to tell folks what to do. But I certainly don’t want to pay for killing our future. Which is what is done now. We may have killed the next Hawking, the girl who cures cancer, or the boy who’s the next Gandhi.

Ever play the game “Adventure”? If you kill the bird in the first few minutes of the game, you’ll never get past the snake. We’re killing the future,
And, we may have already “aborted” the answer to our soclal security problem. A growing vibrant population.

A Constitutional Amendment was the Dead Old White Guys’ way to make the big decisions about how we run the country. NOT nine old guys is funny costumes.
Viva La Revolution.fjohn

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POLITICAL: National Popular Vote would enable fraud

Tuesday, December 27, 2011

http://www.wnd.com/index.php?fa=PAGE.view&pageId=374709

Why National Popular Vote is a bad idea
Posted: December 05, 2011
Phyllis Schlafly

*** begin quote ***

Moving quietly under the cover of the presidential debates and the enormous publicity given to the Republican nomination race is a plan to change how U.S. presidents are elected. It would bypass the procedure spelled out in the U.S. Constitution, which has been used successfully for over two centuries.

The Constitution prescribes how we elect our presidents. It is a mirror image of the Great Compromise. Designed by the Constitutional Convention of 1787, the Great Compromise brought together the large and small states by means of a national Congress, with the House of Representatives based on population and the Senate based on state sovereignty.

Likewise, when the presidential electors meet in gatherings known as the Electoral College, each state’s vote is equal to the sum of its House and Senate representation in Congress. Our Founding Fathers understood that America is a nation of both “we the people” and a federal system of states, so it allows all states, regardless of size, to be players in electing our president.

The plan to change this system is called the National Popular Vote. It obviously has a lot of money behind it because it is sending highly paid lobbyists around the country to persuade state legislatures to adopt the NPV plan.

NPV is an attempt to achieve the longtime liberal goal of getting rid of the Electoral College. Instead of proposing an amendment that would first need to be passed by Congress and then ratified by three-fourths of the states (38), NPV is a scheme to deviously bypass the grand design of our U.S. Constitution.

Learn why it’s crucial to preserve the brilliant concept handing down from our founders — read George Grant’s “The Importance of the Electoral College”

*** and ***

Remember our national trauma as we suffered through recounts in Florida where the margin between Bush and Gore was only about 500 votes? If the election is based on the national popular vote and it’s close, NPV would induce recounts in many or most of the 50 states.

*** and ***

People who pretend that the Electoral College system is undemocratic are not only ignorant of the history and purposes of the U.S. Constitution, but they probably don’t even understand baseball. Basing the election on a plurality of the popular vote while ignoring the states would be like the New York Yankees claiming they won the 1960 World Series because they outscored the Pirates in runs 55-27 and in hits 91-60. Yet, the Pirates fairly won that World Series, 4 games to 3, and no one challenges their victory.

*** end quote ***

Can you imagine the corrupt political machines having even MORE power?

Argh!

How stupid can “We, The Sheeple” be?

Corruption in Chicago can out vote everyone?

It’s a joke!

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FUN: Sarcastic chicken story

Monday, December 26, 2011

FROM LUDDITE:

Homer was in the fertilized egg business. He had several hundred young layers (hens) called “pullets,” and 10 roosters to fertilize the eggs. He kept records, and any rooster not performing went into the soup potand was replaced.

This took a lot of time, so he bought some tiny bells and attached them to his roosters. Each bell had a different tone, so he could tell from a distance which rooster was performing. Now he could sit on the porch and fill out an efficiency report by just listening tothe bells. Homer’s favorite rooster, old Butch, was a very fine specimen, but one morning he noticed old Butch’s bell hadn’t rung at all!

When he went to investigate, he saw the other roosters were busy chasing pullets, bells-a-ringing, but the pullets, hearing the roosters coming, could run for cover.

To Homer’s amazement, old Butch had his bell in his beak, so it couldn’t ring. He’d sneak up on a pullet, do his job and walk on to the next one. Homer was so proud of old Butch, he entered him in the County Fair and he became an overnight sensation among the judges.

The result was the judges not only awarded old Butch the No-Bell Piece Prize, but they also awarded him the Pullet surprise as well.

Clearly old Butch was a politician in the making. Who else but a Politician could figure out how to win two of the most highly coveted awards on our planet by being the best at sneaking up on the populace and screwing them when they weren’t paying attention.

Vote very carefully next year…the bells are not always audible.

Remember, a freeman can vote himself into slavery, but a slave cannot vote himself free.

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