We have posted here about “The Great Taking” previously:
When Your Retirement Security Isn’t Secure
6 thoughts on “When Your Retirement Security Isn’t Secure”
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Well I guess I will just have to take my chances.
I think we are all taking our chances to some extent, Fred.
Very fuzzy. If you are trying to scare me, you are going to have to be a lot more specific and detailed than that.
Congress and legislative bodies can always legally steal from us what they decide to. They have more similarities to organized crime than differences.
But this doesn’t make a lot of sense. Schwab doesn’t own what is held in your account; you do. What you hold doesn’t figure into Schwab’s solvency. Schwab buys insurance to cover its customers holdings in their accounts in addition to SPICA coverage of the 1st half million. Furthermore, with our fascistic banking system, Schwab & Fidelity are too big to fail.
Within the next 10 years, the Federal govt will start printing money to cover SS/Medicare. That’s the easy, sneaky way for them to steal from us. Stealing from the customers of a bank or brokerage house would be politically disadvantageous to the people with the power to do it. Triad, there’s so much in the world concerning without worrying about this.
I think the point is, J. Sobran, that we are lulled into a false sense of security that our investments– our retirement savings– are our own. Sure, it doesn’t make sense that they would take our money. But with the right systemic emergency conditions and the kind of leadership that would be disposed to pull off such a move…
Central bank digital currency is the thing to worry about in this sphere. The Uniparty refuses to outlaw it, never mind that Trump and several Republicans promised to do it. They lied as usual.
Unfortunately, true. It appears to be coming.