tag:blogger.com,1999:blog-1592992209402300549.post4430915137474585931..comments2024-03-27T19:38:49.490-04:00Comments on The Silicon Graybeard: Cyprus And The Threat to 401k PlansSiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1592992209402300549.post-66404451155815458132013-03-27T20:00:26.033-04:002013-03-27T20:00:26.033-04:00Here is what my "Magic 8 Ball" says. We ...Here is what my "Magic 8 Ball" says. We are safeish until the 2014 elections. If the D's win the house and keep the Senate, we will see the swearing in of the new congress and an immediate push to repeal the 22nd amendment limiting people to 10years as president. If the D's lose the Senate, or do not win the House we will see a nationalization based on a "False Flag" event over the Thanksgiving weekend. Banks will be closed from Wendsday evening until Monday AM, and kiss your "Private Retirement accounts" goodbye as well as the possibility of a direct capitation on savings. <br />I wish I could be a little more up beat, but my "Magic 8 Ball" wouldn't lie to me on purpose would it????Milo Mindbendernoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-12120837669746890892013-03-26T13:26:53.324-04:002013-03-26T13:26:53.324-04:00I have similar thoughts regarding the safety of re...I have similar thoughts regarding the safety of retirement accounts. My suspicion is that we will see another large stock market crash soon, at which point our benevolent friends in the government will see that those of us with retirement funds have, on average, lost large sums twice in two years and will step in to "protect" us by investing that money in something safe, like US Treasury bonds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-28773097466025313302013-03-26T01:07:37.882-04:002013-03-26T01:07:37.882-04:00And every time I bring this up as a reason to cash...And every time I bring this up as a reason to cash out my 401(k)'s, take the tax hit, and put the cash into tangibles, my dear, sweet (and somewhat naive) wife says "OH! THAT can't happen HERE!".<br /><br />Groan.......drjimhttps://www.blogger.com/profile/05647484115197408897noreply@blogger.com