Sunday, January 10, 2010

Your 401(k)?

I thought I had mentioned ideas like this before but a search of my old posts says not, so . . .

You know your 401(k) and/or IRA plan? The one where you put in your own money and then take it out again when you retire? The one you had invested in stocks and is worth 1/2 what it used to be? The one you know has the potential for both risk and reward?

Yeah, the government would like for you to not have that. Specifically, the Statists at the top would like you to instead buy promissory notes from the US Treasury. Because they would never do anything to make those notes worthless, like inflation. Oh wait. Also, they would like to have you buy Treasury notes at gunpoint, but that comes later. For now it's just a "public comment" period on ways to encourage you to change your evil risk-bearing 401k into a nice, safe, steady income stream *cough*treasuries*cough*

The article full of euphemism is at businessweek. But there is alot of click-through action to get there from Uncle's blog. A page mentioned along the way is this anti-reassuring piece about Argentina's bad ideas about retirement money.

They want to make everyone buy treasuries. They also want to make everyone buy health insurance from the government. Whose money do they think it is, eh? Are you recognizing communistic tendencies yet?

Is this the change you were hoping for?

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