Your EARNINGS,BILLIONS MORE TAKEN!

[decoy409]

Here it comes with a little help from China as well!

Quote: European nations begin seizing private pensions
Hungary, Poland, and three other nations take over citizens' pension money to make up government budget shortfalls.

www.csmonitor.com/Business/The-Adam-Smith-Institute-Blog/2011/0102/European-nations-begin-seizing-private-pensions

Off to INSIDER TRADING LAND!

[decoy409]

Hey L@@k!

We can do that to out a towners! But we will use ours for DEFICIT!

[ty]

Next, AMERICA...

[decoy409]

So TRUE krawler. Just had to bring this old one up (that is not even 'that' old)

Some forget,some make others have a tendacy to help forget,and some simply are unaware.

[decoy409]

Say kreepy, some actually think that there is a endless supply of real vs fiat? Well it's a good thing for fiat cake as everything keeps getting paid out.

[ty]

May 19, 2011 9:32:44 GMT -5 decoy409 said:

So TRUE krawler. Just had to bring this old one up (that is not even 'that' old)

Some forget,some make others have a tendency to help forget,and some simply are unaware.

People in Amerika think they are immune to what is happening to the rest of the world. We are all connected financially and for me that is one big mistake Amerika made.

We all need to just cut our losses and start fresh and try to not repeat the same mistake. Learn to live within our means and not try to live off other people's credit/money.

Government needs to stop printing money and stop giving it to other countries. Take care of your own country and people first, and let others take care of their own.

Amerika could be a huge and robust country, but our government doesn't have the capacity in using "Common Sense" and just waste money on pretty much nothing that benefit the people.

Create jobs for Amerika is what's needed, but not what's being done. Printing cash, spending money and the economy still in dire straights means that something is very, very wrong with our government.

[Virgil Showlion]

I hate to say it, but the US Federalis just raided the Federal pension fund to fill the shortfall from breaching the debt ceiling.

No "US is next" about it. US public entitlements are already being fed to the debt monster.

[lifewasgood]

Yup, and guess what that means? Federal Reserve, Treasury along with the banking cartel are already making plans for QE3 in order to pump more dollars into the system to finance the entitlement programs. What does that mean? More inflation, devaluation of the dollar, and Gold/Silver keep going up.

The desired effect of QE2 was not fully gained. Low Tax revenue is kicking the butt of Treasury. Profit came to the major corporations only and they don't pay taxes, ie GE for example.

[decoy409]

Quote: I hate to say it, but the US Federalis just raided the Federal pension fund to fill the shortfall from breaching the debt ceiling.

No "US is next" about it. US public entitlements are already being fed to the debt monster.
(end)

Virgil,I hope that this is not a SURPRISE to many.

lifewasgood, that sums up a few things (once again).

[sangria]

American pensions will never be touched.

American pensions are invested in corporate America.

If all that stock was sold to get the cash, it would make corporate America mad.

Corporate America would then waltz into Washington D.C. and squish our elected officials like ugly little bugs on the sidewalk.

They've done it before and . . . hey . . . they actually seem to like it!

[decoy409]

excerpt: But the measures still disrupt Treasury's operations, as it must run two sets of books among other things.
(end)

Two sets of books. Why imagine that.

May 16,2011 US Dipping into Pensions as it Hits Debt Limit

U.S. Treasury Secretary Timothy Geithner told Congress he would start tapping into federal pension funds on Monday to free up borrowing capacity as the nation hits the $14.294 trillion legal limit on its debt.

The U.S. Treasury will issue $72 billion in bonds and notes on Monday, pushing the nation right up against its borrowing cap at some point during the day, according to a Treasury official.

Geithner said he would suspend investments in two government retirement funds, which will give the U.S. Treasury $147 billion in additional borrowing capacity.

"I will be unable to invest fully" in the civil service retirement and disability fund and the government securities investment fund, he said in a letter to congressional leaders.

The Treasury has said the suspension of the investments and other measures it could take would give the government until about Aug. 2 before it will start defaulting on obligations, such as paying bond investors.

Congress is in charge of increasing the debt ceiling, but Republicans are demanding deep cuts to federal spending for the price of their support in raising it.

Geithner reiterated previous pleas for action. "I again urge Congress to act to increase the statutory debt limit as soon as possible," he said.

Previous administrations have also tapped the retirement funds at times to avoid breaching the debt limit. Over the past two decades, Treasury has suspended investments five times, with the most recent suspension in 2006.

"Federal retirees and employees will be unaffected by these actions," Geithner said, since Treasury must make the funds whole once the debt limit is raised.
www.cnbc.com/id/43046240

[decoy409]

Now that's what I call night and day, #9 and #10 that is.

[Virgil Showlion]

I wish I could share your optimism, Sang.

Got Pension?:

Now that it has finally been made clear that in order to accommodate the debt ceiling by adding marketable debt, the Treasury has no choice but to literally plunder retirement accounts, we now know that in order to fit in the just announced $110 billion in new bond issuance over the next week, Tim Geithner will have to reduce US retirement funding (the bulk of which, the Social Security Trust Fund already lost $1.1 trillion in the past year) by at least $45 billion. That is the net result of $60 billion in net new cash and $15 billion in bill paydowns which will settle between May 19 and May 31.

...

The rest of the article gives a decent breakdown of Treasury inflows/outflows over the next week.

I'm just guessing they don't plan on paying it back with prime plus 4% interest.

[decoy409]

Virgil, some of my favorite looks and eads comes from 'The Economist'

Going back just a few months,

Excerpt Quote: Thus, it seems to me that if Tim Geithner has to make a choice, he can, and should, prioritise bond interest. To be sure, failure to pay Social Security cheques or any other payment on time would cause hardship for recipients, provoke a public backlash against the administration, Congress or both, and embarrassment for the United States; after all, how can the world’s most powerful economy not pay its bills on time? But even a brief default on Treasury debt would be unprecedented, with widespread systemic ramifications. Would banks around the world have to classify Treasury holdings as non-performing? Would money-market mutual funds break the buck? Would all federal entities lose their AAA-credit rating? Would the Federal Deposit Insurance Corporation’s ability to backstop the nation’s banks come into question? Would foreign central banks start to shift out of dollars? Since no one doubts the ability of Treasury to pay once the debt ceiling is lifted, it’s conceivable the damage would be containable; but why take the risk?
(end of excerpt)
www.economist.com/blogs/freeexchange/2011/01/americas_debt

To me this looks to be playing out like a movie script. Your thoughts?

Furthermore this swings me back around to that old CBO report in The Decoy 409 thread, 'Hold the Markets at 'ALL' cost and don't lose investor confidence.'

[sangria]

Ahhh . . . the pension funds will be underfunded. That's a different story. Go for it. Scurvy little postal employees.







"Yarr, them fully-funded pension funds vex me greatly!"

[kman]

I knew they would sangria.

[decoy409]

What can ya say Virgil???

You buy them books and they chew on the covers.

But Puppet Socks and those against any clean up (outside of the old gov. cleaning up on the little people) run rampant on these boards in a pack of rats that is.

[decoy409]

Say,we are not going to lose track of this beauty! Why the cash flows are coming out of the woodwork to keep SHAM WoW alive! Check it out!

Treasury Prepares To Plunder Another $45 Billion From Retirement Funds As It Issues $110 Billion More Debt Next Week
www.zerohedge.com/article/treausry-prepares-plunder-another-45-billion-retirement-funds-it-issues-110-billion-more-deb

That Tyler hey.

[decoy409]

SEE #17.

[decoy409]

That CBO Report that starts out in the beggining of the Decoy Post,well it directly states to hold the market at ALL COSTS and that is by any means possible.

How long can the flow be held for old WS? When the cake is coming in borrowed from A-Z (borrowed is pretty funny all in itself) and many have not kept up with Illusion of so called gains and a fuel injected market from borrowing from this program to that program to hold her up,well what can you say.
The debt that has been created to hold this market is utterly sick. And the shell game of borrowing and creating from thin air is wearing very weak.

But as that CBO report stats, 'Hold the market at 'ALL' costs'

When the next wave of cake players starts figuring out that so called profit as in pensions and retirement funds and etc.,etc. is fueling this demise on the backs of the very same ones investing into it,well that will be the major game changer.

#17

[sangria]

Thanks kman.

So we can see one of Robert Newton's eyes is glass. But which one is the fake? The left or the right?

Do the dd.

[decoy409]

Well see,that was not so bad in the 'revolving door' today. Just a little never hurt a fly. ;D

[decoy409]

Why look,so called earnings (your earnings) are being used to support earnings. Ah charlie,you better have a look at the BIG picture.

[decoy409]

Why folks,it's a NEW STREAK of gimmick acct.

[decoy409]

There are those that are pundits or sock puppets and so easy to distinguish. Those are the ones speaking meaningful reform but abandon the idea when power players are brought in.

[decoy409]

Today's takings compliments (once again ) of the IMF

[decoy409]

Peter is looking for Paul but Paul split.