Sheeple Amaze me !!!
Posted July 3rd, 2008 by jkm1864
output
I called up my plan provider today and wanted to pull out all of my money in my 401k and she was like why? I mean do these people pay attention to the news. I have been putting in for several years and it has not grown at all You would think that was a good indication. She said I should roll it over in a IRA and I told her I didn't want any Wall-street cock sucker holding my money... I was kind of rude and crude but these people really do amaze me. I mean do these people even pay attention to what is going on or do they just sit around watching American Idol after the get home from work.
Bookmark/Search this post with:
You
are JUST NOW making a move with your money. (I still have some to do.) Some did that years and years ago. Psychologists find we are usually most frustrated with behavior to which we relate. Such a short time ago, there were so many more sheeple. Dr. Paul has been out of that camp for 30 years. I stepped out, stepped back, etc., several times before I became educated enough not to turn back. But his is all new to everyone and it is scary as the devil himself.
Count yourself very, very lucky not to still be locked into your own stupidity, but realize you (and I) probably still have some stupid stuff to clear out of our heads.
Even when we do a thorough head cleaning, we are not going to know if we have ourselves positioned correctly for absolute certainty. I mean, there seems to be more bad news around every turning week. Look at the 2012 crapola. You up on that?
Be patient and thank Dr. Paul for getting you past the person with whom you are now frustrated.
Did anyone
see where the manager of one of the funds, I cant remember it's name...I saw it on a link someone provided on DP, anyway he is not letting people withdraw thier money from thier funds. Could this be a trend to come?
Idiocracy
"[...] do they just sit around watching American Idol after the get home from work?"
Yea.
Or they watch The Bachelor
Or Jackass
...pretty soon, they'll watch "Ow My Balls"
http://www.youtube.com/wa...
"Ow My Balls" already exists.
It's commonly known as, "America's Funniest Home Video".
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...
LMAO!
now that is a funny you tube!
I think soon it will be
I think soon it will be harder to withdraw money from a pension fund than it was to unsuscribe from AOL!
Things are only impossible until they are not.
-- Jean Luc Picard
Why didn't you
Why didn't you transfer the funds into a money market account...many 401k's have them. You'd be out from under the stock market risk.
You're facing huge penalties for early withdrawl...remember, the idea is to buy low, sell high.
I think the idea is to preserve capital and right now...
the stock and bond markets offer none of that...unless you are a nimble trader. Money market funds are still open for systemic, if not custodial, risk and while TIPS may offer greater capital protection, they are still calculated on CPI which means that even they are negative.
I firmly believe (as much as anyone can in these unknown waters) that removal of funds to gold, silver and cash are your best bets for the ride ahead. We will see either a hyper-inflationary depression or a straight deflationary depression. Lousy choices but all that is in evidence. Cash will be king in a deflationary depression and metals will hedge, if not outright enrich a position during hyper-inflation. Of course, hyper-inflation leads to massive deflation but without the knowledge of the next operant currency. The grand question for us all is: Which way will it go first?
As an added point, from 1920-1929 Gold stayed at the 20.65 level except for a short pop in 1923 where it reached 21.30 only to fall back to 20.65 where it remained until the crash of 1929. From 1929 to 1934, during the greatest deflationary spiral and currency contraction in our history (thanks to our friends at the FED), the value of gold went from 20.63 to 34.69 or a rise of 68%!
**“The man who does not read good books has no advantage over the man who cannot read them.” ~ Mark Twain **
Huge penalties?
The penalty for early withdrawl is 10%. Inflation at the current rate will erode the value of you money more than that in less than a year.
Get out of your IRAs and 401ks. Pay the penalty and be glad.
The opportunity to sell high has passed. Sell before the market crashes.
not paying attention
Apparently, they're not paying attention to my earlier thread either, Worst June for the S&P 500 & Dow Since the Great Depression. Check it out.
People have really become like zombies. Last weekend I was at the grocery store and I got kind of scared because everyone in the store seemed like they were oblivious to the people around them, like zombies.
I think that it's a form of mass-hypnosis brought about by the psychological trauma of 9/11 that our elected "representatives" perpetuate almost every day, becoming the very thing that they purport to protect us from.
In 1984, it ends with Winston Smith professing his love for Big Brother.
2 + 2 = 5
----
Ron Paul's Campaign for Liberty Money Bomb!
"We really do have...a once in a lifetime opportunity to take the Republican Party back to where it was." -Kent Snyder, 1959-2008
great info
Thank you JKap