It Begins! Federal Government Forcing Employees 401K Funds Into Treasuries!
Silver Doctors
Those who have been delaying moving their retirement funds out of the system on the account of early withdrawal taxes may want to take notice.
If the official notification an SD reader from the TSP has just received is any indication, it appears that our prediction of forced movement of 401k, IRA, private & public pension funds into US Treasury bonds has begun.
As can be clearly seen via the document below, the retired former employee of the Social Security Administration has received official notice that his entire 401k has been moved from where he allocated it into US treasury bonds without his prior notification or permission!
Reposted with permission
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Whistler Blowers, Insiders
And what makes this stealing of the government any different that what the sheeple have already endured and done well?…NOTHING
that is your comment so I presume it is OK then to do this.
A greater worry seems to be missing from this news. Perhaps all of the moving and trading out of stocks and bonds by billionaires is to protect their money from a cascading stock market crash which may be looming and they all know about. Moving one’s investments at the peak of the market before a significant retracing is a prudent step. The moving of one’s investments before a significant event while knowing it is coming is illegal.
Perhaps an automatic move of government pensions into treasury notes while they are worth much more from an over weighted stock market is in the offing? If so, then all of the pensions would be moved at one time BEFORE a major crash. If today’s drop is followed by a pension fund move over the weekend then I would say a significant drop next week could happen. Something else to think about.
Nice try Obot but no Cigar! Whatever the value of equities may be they will ultimately be worth more than high risk government junk bonds. This is what Argentina did to its pensioners right before the Country went bankrupt…and Poland just did it their pensioners replacing all corporate bonds for lower quality junk Governent bonds….desperate governments are like men falling off a cliff ..they grab onto anything..in this case your assets!
“Nice try Obot but no Cigar!”
Sorry to pop your pimple, but my statements were not meant to be positive. I do not trust Obama and I am not an Obot. My only summation was to interject that if this is happening now, it is to increase the value of one piece of paper over another. Of course you are correct, the USA is broke, but why would the government move money out of 401k’s when they are half beaten up by huge losses in the investments they are invested in by a market crash?
“but why would the government move money out of 401k’s when they are half beaten up by huge losses in the investments they are invested in by a market crash”
TO FUND THE HUGE AND GROWING GVT DEBT THATS GETTING HARDER AND HARDER TO SELL TO THE REST OF THE WORLD! (Please go take a course in non-marxist economics 101)
After a crash in the market? That makes no sense at all. I think if you actually think about it, you will agree that getting exchanging someone’s money when it is worth $2 is better than waiting till it is worth a $1. Not even the government is that dense.
Go tell Obama and SEIU that your script needs to changed!
BTW–you are not exchanging a dollar for a dollar. You are exchanging one security for another. In this case its equities which are backed by businesses and hard assets (whatever they may be) for a government IOU backed by nothing (not gold or silver..nothing) from a government that borrows about 40% of its annual spending just to stay afloat!
How about I just go back to my cave where we do not have these problems, we live by the club
.
Oh and some writings on the cave walls. Not wall street.
the original graffiti ..you old school..
That does not apply to me, I do not have any K accounts.
Actually, I can tell you exactly what this is. Investment advisors manage these 401k’s and most of the time allocate based on the participant’s age and time until retirement. Younger you are and longer you have until retirement, you will be all in stock funds. This person is retired or about to, and anyone in that situation goes to 100% bonds. There is no conspiracy here.
Morons. I actually took a look at the original article and posted document. The guy is no longer working and what the document actually says that any “future” contributions would be to government bonds, which would be exactly zero, since (by being a former govt employee), he can’t contribute any more. The document shows that his existing funds are still exactly where he left them. These idiots can’t even read a document, yet they pretend they can give financial advice. Don’t listen to them.
Your 401k was taken because you touch yourself at night.
Actually I heard there was nothing in the US treasury so they have decided to put something in it at least to show the reason for its existence and its employess.
Now exactly what is it that they are guarding the Treasury for? I heard it was empty or like a big sink hole is in there and gobbled everything up. Maybe we should go in there and take a look ahhh shucks they call that an audit or maybe we can hear that in the state of the union hmmmm or how about the state of our Treasury. What is a Treasury anyway?