Freedom Fighter Radio

The US government is desperate to get its hands on private assets to help cover soaring budget deficits and debts, and this is simply the largest and easiest piggy bank that could be seized. The Investment Company Institute estimates that at the end of 2008 that there were $3.613 trillion of assets in IRAs and $2.350 trillion of assets in 401K plans. For more than the past ten years, I have warned readers that the US government was eventually going to go after private retirement accounts.

By Patrick A. Heller

On August 26, the US Department of Labor issued a news release (http://www.dol.gov/ebsa/newsroom/2010/ebsa082610.html). It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.” The hearings are being conducted by the Labor Department’s Employee Benefits Security Administration.

I don’t like speaking in tabloid-style terms, but the unstated agenda of these hearings, as I understand it, is to push for the US government to eventually nationalize (confiscate) all assets in private Individual Retirement Accounts (IRAs) and 401K plans!
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The Tehrik-e-Taliban on Friday threatened to launch attacks in the US and Europe very soon and dismissed a move by Washington to add the group to its terrorism blacklist. The US on Wednesday said it had added Tehrik-e-Taliban Pakistan to its list of foreign terrorist organizations. “The US listing of Tehrik-e-Taliban Pakistan as a terrorist organization is a sign of them bring scared. It shows the US and its allies are scared of us, Taliban leader Qari Hussain said.