muses of the moment

November 16, 2012

Warning from Jim Sinclair

If you missed it…click here. Sinclair says all hell is about to break lose. Groovygirl says we are going to hell in a handbasket. Same thing 🙂

The Federal Reserve is asking 30 big banks to make sure their capital can withstand a deep recession in which the unemployment rate rises to 12%.

More creative accounting needed, because, they are gimmicking the numbers now!

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1 Comment »

  1. Obama Begins Push for New National Retirement System

    A representative of the liberal Pension Rights Center, Rebecca Davis, testified that the government needs to get involved because 401k plans and IRAs are unfair to poor people. She demanded the Obama administration set up a “government-sponsored program administered by the PBGC (the governments’ Pension Benefit Guarantee Corporation).” She proclaimed that even “private annuities are problematic.”

    “This whole issue is moving forward very quickly,” warns Crone. “Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would be automatically deducted and deposited into this account. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts.”

    http://www.nationalseniorscouncil.org/index.php?option=com_content&view=article&id=89:obama-begins-push-for-new-national-retirement-system&catid=34:social-security&Itemid=62

    Comment by soleirolia — November 16, 2012 @ 10:21 pm


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