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Thread: 401 K Administrators now talking about "sheltering" against the coming colapse

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    Moderator & Team Gunsnet Platinum 07/2011 O.S.O.K.'s Avatar

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    Exclamation 401 K Administrators now talking about "sheltering" against the coming colapse

    My wife just called me from her new place of work. Their 401K guy was in to give a presentation and talk to the employees. Basically, he is counceling them to shelter their funds from the coming market colapse.

    Now, I have been following and researching our current economic situation, including trying to understand how things work and what our current situation is.

    A few bullet points:

    - current Gross Domestic Product (amount of business in dollars that we produce in a year) is a little more than $15Trillion
    - current UNFUNDED liabilities $123Trillion http://www.usadebtclock.com/ This is more than the world's GDP...
    - Europe is on the edge of economic colapse from their unfunded liablities coming due...
    - All the world's financial institutions are investing in extremely high yield but extremely risking (ponzi like) schemes.
    - All the US financial institutions (banks, insurance companies, brokerage firms, credit card companies, pension fund management, etc.) are required to hold only 10% of their deposits on account. They are investing the remaining 90% in the above schemes - all of them are. But it's worse than that. Because of current accounting practices, even the 10% is invested because they don't have to show certain investment liabilities on their balance sheets. Some have already been caught and gone under - with all of their deposits going with them - MF Global - John Corzine is a good example. Billions of people's investments gone in an instant.
    - Our current prime interest rate is 0.02 give or take - basically zero. The financial institutions need a "spread" in order to make money the traditional way (I am way over simplifying this but it's a topic unto itself) and so they've turned to the ponzi schemes - which have EU bonds figured in them heavily - because they are uber profitable right now. Greed.
    - The stock market is ruled by computer programs that invest using parameters and algorithms that are designed to protect the investors but... when things get hot, they shut down. No trading - no buying no selling. When the market crashes, this is what will happen and all of the funds in the market will be frozen - you will not be able to bail out.
    - The US dollar is the current world reserve currency. If Russia wants to buy oil from Saudi Arabia, it must first buy dollars and then pay with dollars. This is what has supported us up until this time - what has allowed the FED to print money without forcing the inflation that should follow. But this will change - overnight.

    My wife wants to meet with the above 401K guy that is also a financial advisor, so I am going to do that. I am interested to hear what he thinks he has to shelter funds. Anything valued in dollars will not be protected because the dollar itself will become worthless.

    We have determined that we need to pull all investments (take the 10% hit and pay the tax) and put the money into PM's. We don't have a lot but it would be something should everything go to pot and it may be much more if we experience massive inflation as the PM's will ride this wave.

    Commodities in general are going to be the only safe place to shelter your worth. I am talking commodities that you physically hold. Land, grain, oil, coal, steel, copper, precious metals, etc. - things that have a long shelf life and are absolutely needed or held in high value by the world.

    I am just sounding the bell again because we are now seeing financial folks openly talking about it. I've never seen this before.

    They are forced to because so many people are pulling their funds! They are trying to save their business and keep their jobs. They can no longer ignore it. Fewer and fewer people believe in the market and investing in bonds, etc.

    Do not be the last to decide to do this - it takes weeks if not over a month to pull your money - believe me. They do everything in their power to keep you from withdrawing!

    The storm is coming. I pray that you all are prepared for it. I pray that we still have time to.
    ~Nemo me impune lacessit~




  2. #2
    Senior Member Cypher's Avatar

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    After the election I decided to stop putting money in stock shares for now and will funnel it to savings and then PM's or something similar.

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    It has been said that when the Euro fails you have about two weeks to get out of dollars or paper (meaning stocks/certs). Also, if you don't have it (it being tangibles such as gold, silver, your very own kadmos, ammo, liquor, food, guns, you get the idea) in hand when the collapse comes you likely lost it for good. The rumour is the regime will now focus on raiding the retirement accounts, nationalising them all. I bet they will do this prior to the collapse so the accounts are devalued like 7 old dollars to every one new dollar. if not worse. That being said you can always roll iras into gold, but who has your gold when the regime pulls the rug out from under us?

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    Moderator & Team Gunsnet Platinum 07/2011 O.S.O.K.'s Avatar

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    The absolute safest thing to do is get the commodities in your hands. Period.

    You can bet your booty that obummer will put a hold on all investment accounts - IRA's, 401K's, retirement, etc. when the SHTF.

    They may also outlaw personal ownership of gold and such but they'd have to come get it.
    ~Nemo me impune lacessit~




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    Wonder what the time line is on this happening? I also wonder if we'll have war or a conflict over it?
    "What sick, barbaric bastards.

    It's one thing to use terrorism to make a political statement, but the wanton mutilation and suffering of innocents? How does that forward your political goals? When done in the name of religion, how does that earn you brownie points with God?

    Fuck religious extremism. And especially fuck the "religion of peace." "

    So, lagcsocialist supports terrorism AS LONG AS ITS FOR POLITICAL ENDS....

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    Guns Network Contributor 04/2013 El Laton Caliente's Avatar

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    Quote Originally Posted by Ruskiegunlover View Post
    Wonder what the time line is on this happening? I also wonder if we'll have war or a conflict over it?
    That is the 16 trillion dollar question...

    I hate taking a 10% penalty and 28% tax on pulling the IRA...

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    Quote Originally Posted by Ruskiegunlover View Post
    Wonder what the time line is on this happening? I also wonder if we'll have war or a conflict over it?
    I can see war over two things for the most part, nationalising all private property as in real estate and/or the confiscation of arms. It may also start if people start disapearing into dhs prisons, you know, according to ndaa2012. But piss off enough retired Americans and you may have a problem. 80 million gun owners, 300 or so million guns.

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    Guns Network Contributor 11/2011 insider's Avatar

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    Roll your funds into gold, silver, and pre-bans while you can! Also, cheap repo-houses are a good investment too.
    I sold all my guns and ammo, now I live the quiet retired life.

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    Senior Member JTHunter's Avatar

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    Folks - one thing you need to remember; one of the changes Dumbo and the Ding-Dongs made was to tax ALL dividends and interest as ORDINARY INCOME! These would no longer be taxed at the 10% or 20% (depending on your adjusted gross) but at the same rates as your wages.
    That's why a lot of people are pulling out as much cash as they can just to keep it out of the government's eyes and off their radar.
    FYI
    “I have little patience with people who take the Bill of Rights for granted. The Bill of Rights, contained in the first ten amendments to the Constitution, is every American’s guarantee of freedom.” - - President Harry S. Truman, “Years of Trial and Hope”

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    Senior Member Oswald Bastable's Avatar

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    Quote Originally Posted by El Laton Caliente View Post
    That is the 16 trillion dollar question...

    I hate taking a 10% penalty and 28% tax on pulling the IRA...
    38% less of something is still better than 0% of nothing.
    If we refuse to rule ourselves with reason, then we shall be ruled by our passions.

    He, Who Will Not Reason, Is a Bigot; He, Who Cannot, Is a Fool; and He, Who Dares Not, Is a Slave. -Sir William Drummond

    There are some things I will not abide within my sight!

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