~ ~ ~ ~ ~
"The latest word out of Washington regarding retirement plans is forced universal coverage, by which both parties, in service to their elitist masters, will make sure by 2013 that all old plans will be taxed and effectively frozen out. That will be accomplished by the phase-out of tax deductions in order for revenues to increase, so that pending retirees will be forced to fund America’s tremendous debt.
"In the process corporate and personal contributions and deductions for all plans will be ended. As a result there will be no retirement plans, deductions will be gone and tax revenues will rise. There will be no grandfathering, a lesson taught to us by the 1986 tax reform act that destroyed eight million millionaire Americans. Investment stopped, and in 1989 real estate collapsed and we still haven’t recovered.
"This is part of the Sovietization of the economy - make everyone dependent upon the state. It is even conceivable that benefits will be retroactively taxed. That would be to harvest ever larger revenues while our nation lives in poverty. Needless to say, all corporate contributions will end. The taxes will be outrageous because tax rates will have increased. Plan termination will be massive and government may impose terminations of plans, so it can continue in an orderly
manner.
"We are still several years away and if the incumbents are not kicked out of office this is how things will end up. Those of you in qualified plans, that can, should borrow the maximum against
their plans. Those of you in voluntary plans should phase out your investments and pay taxes and penalties starting now and over the next three years, putting the proceeds into gold and silver shares and coins. This is the only way you can protect yourselves. You have to begin to liquidate. If you have coins take delivery (a part at a time) and put them in your safe at home.
"Those of you with gold and silver shares have them transferred to a personal account to avoid commissions. Do not delay – start your exit plan now. If you wait you will pay higher taxes or even excess profits taxes. This is what government did in 1986, although they were eventually rescinded. That will not be the case this time. Government wants all your money if they can get it. That is why they are chasing down every asset you have, even those of Americans living offshore. You have to understand you are dealing with a totalitarian government
– a corporatist fascist government.
"The stock market has begun to slide and an event such as WWIII could send it precipitously lower. Do not wait for it to happen, get out, with the exception of gold and silver shares. Real market interest rates cannot go lower, they can only go higher. That will send bond prices lower. Thousands in real estate will get buried as well. Those who believe that government will confiscate all your assets had best leave the country while the getting is good. There is no question consternation, anger and frustration is rising in many cases bordering on financial desperation.
"At this stage we do not know the exact form this raping of the American public will take as the box opens and the trap is set. It might be mandatory, but probably will be voluntary for starters. There may be a mandatory 5% tax on gross income, ostensibly for a government guaranteed annuity. That is from a government that is bankrupt. Any retirement funds still held will be taxed. Incidentally all this research and the pushing of this plan were put together by the Rockefellers.
"The funds will be used, in part, to reduce the deficit but most will be used to bankroll bankrupt programs such as Social Security, Medicare, Medicaid, federal retirement programs and union, state and municipal plans – a redistribution of wealth from those who worked and saved to those who didn’t. Those of you who keep plans and then they expire will see 50% of the funds that are left go to the government. This is only part of the beginning of our next nightmare.
"FROM ENGLAND
Tony Hayward cashed in about a third of his holdings in the company (BP) one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster. Mr. Hayward, whose pay package is £4ımillion a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2ımillion. There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history. His decision, however, means he avoided losing more than £423,000 when BP’s share price plunged after the oil spill began six weeks ago. Since he disposed of 223,288 shares on March 17, the company’s share price has fallen by 30 per cent. About £40 billion has been wiped off its total value. The fall has caused pain not just for BP shareholders, but also for millions of company pension funds and small investors who have money held in tracker funds.
"USA—they blew up the oil rig on April 20, 2010, which was HITLERS BIRTHDAY—rumor has it that HITLER was born on April 20, 1889.
"Fabled Enemies
http://www.youtube.com/watch?v=28tE0fKpISM
This is an indepth study and expose on False Flag Terrorism. In studying it, you will come to realize that false flag terrorism is not the exception, it has always been common if not the rule.; it is is highly prevalent today; and it will be used against YOU and America, in the future unless you awaken to the reality of it in international events today."
~ ~ ~ ~ ~
Royal Heir
Royal Heir
Posts
