We are living in rapidly changing times. We’ve been warning that the federal government is coming for 401(k) and IRA retirement accounts, and further proof was revealed last week. In Tibble v. Edison, the Supreme Court ruled that employers have a duty to protect their workers’ 401(k) plans from poorly performing mutual funds.
The optimistic minded may believe this to be an astute measure, but like many government mandates, it is impossible. And where in the Constitution does it require or give the government the ability to have oversight over private retirement accounts?
Currently there are $19.4 trillion in 401(k) and IRA money in America. In 2008 the takeover began being talked about heavily, with the Chicago Tribune covering a government report that stated, “The U.S. Labor Department is responsible for ensuring that 401(k) fees are reasonable” but “lacks the information it needs to provide effective oversight” and is “unable to identify fees that may be questionable.”
Currently there are $18.2 trillion in government debt. However, the government is receiving record levels of tax revenue, so why the deficit?
Did you know that Federal Reserve Chair Janet Yellen, and previous Federal Reserve Chairs Ben Bernanke and Allan Greenspan, are Jews? Realize the Federal Reserve is responsible for setting monetary policy for Congress to adopt.
Follow me here.
According to Jonathan Cahn’s book about the “Shemitah,” each seventh year is a shemitah year, and every seven-year cycle is the “Year of Jubilee” in which all debts are remitted. In 2008 the Great Recession began, in 2001 September 11th happened, in 1994 the bond bubble burst and caused investors to lose one trillion dollars, in 1987 Black Monday happened and the stock market sunk like a rock.
I find it peculiar that the Chairs of the Federal Reserve for the last 28 years have been Jews, and all of the stock market collapses for the last 28 years have come in Shemitah years. And one-third of Supreme Court judges are Jews while the rest are Catholics.
Have the Supreme Court and Federal Reserve begun setting themselves up to erase the government debt with your 401(k) savings? As Clint Eastwood famously said in the movie Dirty Harry, “Do you feel lucky? Well, do you?”
I don’t feel lucky and that’s why we are advising our clients and friends to get out of the stock market now! Having a guaranteed contract on your money is essential in our rapidly changing times. When you’re invested in the stock market you have nothing other than numbers on a screen. Get out now!