This is from www.Humanevents.com
"The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort."
"The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort."
They want to "get" people to invest their 401k's and IRA's into annuities, or likely into U.S. T-Bonds, which are in the biggest overvalued bubble the world has ever seen.
They are doing this because they will have $2 Trillion Dollars in bonds to sell this year, and foreign buying is drying up. China doesn't want them.... Do you?
Who's behind it?
The White House and a powerful network of Congressional activists, and The highly-influential Ford and Rockefeller Foundations. They are engineering a new regulatory and tax-incentive. The purpose is to herd and ultimately force Americans to convert their 40l(k)s and IRAs into government-directed retirement accounts.
The 40l(k)/IRA de-privatization plan is the brain-child of Teresa Ghilarducci (Schwartz Center for Economic Policy Analysis - SCEPA), who is funded by the Rockefeller Foundation.
The extreme tactics used to ram nationalized health care down the country's throat are a blueprint for what could be the biggest asset grab in history.
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