401kThey will take our retirement accounts, they will take our IRA’s. They will say we’re going to save you, we’re going to give you government bonds.“- Jim Rogers
From Obama’s MyRA announcement to Russia massively divesting itself of UST bond holdings, it is becoming apparent that something we have been warning about for years here at SD is not only possible, but is in fact extremely likely to occur- the national confiscation of 401k retirement funds into forced treasury bond allocations.
The MUST WATCH mini-doc below connects the dots, and reveals the 401k scheme:

Listen, here’s the thing. If you can’t spot the sucker in your first half hour at the table, then you are the sucker.

People don’t seem to  realize that when they sign-up for that 401k through their employer or have their union bargain for additions to a pension fund invested primarily in stocks, they are unwittingly sitting down at the table to compete against the exact same players in the exact same arena as if they were personally trading stocks, despite their protestations otherwise.  These people would do well to look around at the entire financial system and ask themselves “who is the sucker at this table”.  I am pretty sure it isn’t JPM or Morgan Stanley
Every trade is a zero-sum game, and for every winner somebody has to have taken the other side of that trade.  There are equal numbers of winning and losing trades, but these trades are by no means evenly distributed within the market.  Think about these headlines:
Goldman’s trading desk made money every single day for an entire quarter in 2013… 63 straight days of no losses
Total number of trading days in 2013 in which JPM’s trading desk lost money:  Zero
For generations now, the investing public has been the sucker at the table, they just haven’t known it.

gun forcedThose 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 2012 year end notification an SD reader
received from the TSP  is any indication, it appears that our prediction of forced movement of 401k, IRA, private & public pension funds into US Treasury bonds may be closer than ever.
As can be clearly seen via the document below, the retired former employee of the Social Security Administration has received official notice that all future 401k contributions have been moved from his prior allocation into 100% US treasury bonds!

gun sitesBy SD Contributor AGXIIK:

The government says that once the Roth is converted, there are no taxes on withdrawals after that.  Of course, the gummint is great at the big lie.  Anytime in the future the Roth safe harbor could be cancelledAll a president would have to do is pull the NDRP or NDAA trigger, and they own our butts. 

Most people would never even hear of the IRA grabs thus leaving themselves as a convenient target. Those that were smart enough to see this coming would do just what most of us are doing.  Slowly removing the IRA balances, paying the much smaller amounts of taxes and moving on.

There’s a good possibility that the GRA or pension grabs will move up in line of Federal control, thus leaving out the annoying waiting  for revenues and actuarial estimation of when the holder will die, with the estate coughing up half of the balances.

imagesBloomberg has reported that the US Consumer Financial Protection Bureau is considering taking a role in managing the $19.4 Trillion in American’s retirement accounts.
Yes, you read that correctly, the government agency created in 2010 as part of Dodd-Frank is weighing ‘helping’ Americans manage their retirement funds…naturally by protecting them with the safety and security of Treasury bonds.

As we have been warning readers for nearly 2 years here at SD, the coming risk of confiscation is not in your gold and silver investments (the American public has nothing to confiscate), but in your pension, 401k, and IRA retirement funds through forced allocations of US Treasury paper.

Those who are unwilling to take the tax hit and get out of Dodge in time will likely soon find themselves directly funding the US ponzi scheme through their retirement funds.