Beginnings of "Virginia-Dollar" and possible IRA/401K confiscation
Feb 24
posted by Michael Smith in
2012
| 0 Comments
VA looking at alternative currencies. I heard Georgia, Indiana, Montana, New Hampshire, and South Carolina have bills pending too. And there is our local B-Note in Baltimore ... (more back story on local currency in Baltimire in Reality Sandwich)
Feb. 23, 2011 "In what may one day be heralded as the formal proposal that proverbially started it all, the Commonwealth of Virginia introduced House Resolution No. 557 to establish a joint subcommittee to "to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System."
lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HJ557
And interesting article on US Federal governemnt taking IRA/401Ks
http://www.healthfreedomusa.org/?p=8481
As the global economy prepares to spiral into hyperinflation and the collapse of the now-nearly-worthless dollar, the United States Government is going through a step by step process to steal your retirement. Their plan? To “protect” your hard-earned IRA and 401 money, leaving you with a “guaranteed” annuity paying you a whopping 3% – backed, you will be delighted and relieved to know, by the strength of the US dollar and the impeccable honesty of the US Department of Treasury.
[snip]
If the Following indicators are Right.. Things will get worse BEFORE they can get any better.
* Unsustainable U.S. Debt
* Unsuccessful Treasury Bond Auctions
* Credit/lending Crunch
* Our Dependence on China
* Feeble Housing Market
* Real Unemployment continues to rise
* Out Sourcing Jobs overseas
* Bank Crisis (2-7 Banks fail every week)
The same reasoning applies to your private savings, trust funds or other assets. The ball is in your court…
