Counter-Intuitive or Heresy

If you are a Financial Services professional that have clients with funds in qualified plans, you are at an important crossroads. The US Government has instituted a fiscal policy that would be considered financial travesty for any individual, business owner or family in the US. With that in mind the Government excess has only one last exit strategy and that is the retirement dollars of those individuals who prudently planned and saved through the ERISA plans made available to them through the US Government. Knowing what you now know do you think the Government might have had an ulterior motive when they promoted ERISA to the American investors?

Of course the Financial Services industry has made a nice living from ERISA and they have also expanded a profitable client building strategy due to ERISA plans. But the reality now suggests that individuals need to rapidly flee from all qualified plans. Of course this would be considered heresy in the Financial Services industry, yet there is always a silver lining for every exodus strategy.

Presently the US Fed is artificially keeping interest rates low while printing massive amounts of dollars. They then lend these newly printed dollars to the banks (mostly those to big to fail) at ZERO interest. They tell the public that this is to entice these same banks to lend to consumers and businesses in order to kick start the economy, in reality this is a simple shell game between the Fed and Banks to big to fail as the banks reinvest the zero interest dollars into US treasuries and earn somewhere between 2-3% ROI with ZERO risk. The banks have no intention of risking this money in the open market and the truth is they are probably not allowed to anyway as the Fed has them handcuffed into giving these dollars back to consume US debt. This is the ultimate Ponzi scheme and the loser in this is the US taxpayer.

This isn’t the worst part of this Ponzi scheme though. The worst part for the US tax payer is the exit strategy. The excessive printing of the Fed not only devalues the dollar it will end with staggering inflation. This is not really an unintended consequence as the Fed and the Banks end game is the pool of savings that exists in Qualified Retirement Plans such as IRAs, 401Ks, SEPs, and any other plans that have taken advantage of the ERISA carrots. At last estimate these plans have over \$13T dollars of value for the Government to put their grubby hands on.

Of course it sounds delusional to suggest the government would confiscate the public’s money. Well, all you need to do is study history to see that you need to protect your assets.

Here is a counter-intuitive overview on exactly what is happening:

1. Who’s behind the plot to confiscate retirement accounts?
The government takeover of private retirement accounts is a concept first drawn up by Teresa Ghilarducci, who was funded by the White House, the Ford Foundation, and the Rockefeller Foundation. President Obama's 2008 presidential run proposed the "Automatic IRA," which has now evolved into Ghilarducci's "Guarantee Retirement Accounts (GRA's)" concept.

2. Why does the Government want to seize Private Retirement accounts?
They need it! China and other buyers of US Treasury (our debt) Bonds have stopped buying. The Federal Reserve reports that it is now forced to fill China’s role, and is buying over 61% of our Treasury Bonds.

3. Have there been any public hearings?
If so, who’s involved?There have been numerous hearings between the Internal Revenue Service (IRS) and the Labor and Treasury Departments. The topic discussed is known as the “Lifetime Income Option-Annuity Income Stream.”

Here is the role that each is playing:
• The role of the Labor Department-To draw up the guidelines for the Labor (workers) force to direct their pay into Guaranteed Retirement Accounts (GRA’s).
• The role of the Internal Revenue Service
• To write the laws that will tax/penalize you, if you don’t comply.
• The role of the Treasury Department- They have Treasury Bonds/U.S. Debt they need to sell!