Time.com
Government agents can sneak onto your property in the middle of the night, put a GPS device on the bottom of your car and keep track of everywhere you go. This doesn't violate your Fourth Amendment rights, because you do not have any reasonable expectation of privacy in your own driveway — and no reasonable expectation that the government isn't tracking your movements.
That is the bizarre — and scary — rule that now applies in California and eight other Western states. The U.S. Court of Appeals for the Ninth Circuit, which covers this vast jurisdiction, recently decided the government can monitor you in this way virtually anytime it wants — with no need for a search warrant.
(See a TIME photoessay on Cannabis Culture.)
It is a dangerous decision — one that, as the dissenting judges warned, could turn America into the sort of totalitarian state imagined by George Orwell. It is particularly offensive because the judges added insult to injury with some shocking class bias: the little personal privacy that still exists, the court suggested, should belong mainly to the rich.
This case began in 2007, when Drug Enforcement Administration (DEA) agents decided to monitor Juan Pineda-Moreno, an Oregon resident who they suspected was growing marijuana. They snuck onto his property in the middle of the night and found his Jeep in his driveway, a few feet from his trailer home. Then they attached a GPS tracking device to the vehicle's underside.
After Pineda-Moreno challenged the DEA's actions, a three-judge panel of the Ninth Circuit ruled in January that it was all perfectly legal. More disturbingly, a larger group of judges on the circuit, who were subsequently asked to reconsider the ruling, decided this month to let it stand. (Pineda-Moreno has pleaded guilty conditionally to conspiracy to manufacture marijuana and manufacturing marijuana while appealing the denial of his motion to suppress evidence obtained with the help of GPS.)
In fact, the government violated Pineda-Moreno's privacy rights in two different ways. For starters, the invasion of his driveway was wrong. The courts have long held that people have a reasonable expectation of privacy in their homes and in the "curtilage," a fancy legal term for the area around the home. The government's intrusion on property just a few feet away was clearly in this zone of privacy.
The judges veered into offensiveness when they explained why Pineda-Moreno's driveway was not private. It was open to strangers, they said, such as delivery people and neighborhood children, who could wander across it uninvited.
(See the misadventures of the CIA.)
Chief Judge Alex Kozinski, who dissented from this month's decision refusing to reconsider the case, pointed out whose homes are not open to strangers: rich people's. The court's ruling, he said, means that people who protect their homes with electric gates, fences and security booths have a large protected zone of privacy around their homes. People who cannot afford such barriers have to put up with the government sneaking around at night.
Read Full Article With Links HERE
Thursday, August 26, 2010
Home Sales Drop 27 Percent In July And Things Are Only Going To Get Worse For The U.S. Housing Industry
The Economic Collapse
On Tuesday the National Association of Realtors announced that existing home sales in the United States dropped a whopping 27.2% in the month of July. The consensus among analysts was that we would see a drop of around 13 percent, so when the 27 percent figure was announced it sent a shock through world financial markets. To say that the real estate industry is alarmed by these numbers would be a tremendous understatement. What we are seeing unfold is essentially "Armageddon" for those involved in the housing and real estate industries. The real estate market is grinding to a standstill and a shockingly low number of people are actually in the market to buy a home right now. In the months ahead home sales may pick up a little bit, but only if housing prices start to fall. Why? Because right now there are tons of houses on the market and there are very few qualified buyers available to purchase them and potential buyers are starting to realize this. Buyers are beginning to understand that they have all the leverage now and they are waiting for prices to fall.
Anyone who has taken Economics 101 in college knows that when supply is high and demand is low prices will fall, and that is exactly the situation we have in the U.S. housing market right now.
At the moment, most home sellers in the United States are very hesitant to lower the prices on their homes too much. Many have no intention of selling their homes below what they originally paid for them, and many others truly believe that the housing market will eventually rebound.
But the truth is that housing prices are simply not going to rebound to 2006 levels. If anything, they are going to continue to fall.
The following are the three basic points that every American needs to understand about the U.S. housing market right now....
1) There Is A Gigantic Mountain Of Unsold Homes On The Market
There are a staggering number of unsold homes on the market right now. As you can see from the chart from the Calculated Risk blog below, there is now over a year's worth of unsold homes flooding the marketplace....
So who is going to buy all of those unsold homes with so few qualified purchasers in the marketplace?
That is a very good question.
Unfortunately, all the signs indicate that the glut of unsold homes is going to get even worse.
As of this March, U.S. banks had an inventory of 1.1 million foreclosed homes, which was a new all-time record and which was up 20 percent from one year ago.
And the tsunami of foreclosures and repossessions just keeps growing....
Read Full Article HERE
On Tuesday the National Association of Realtors announced that existing home sales in the United States dropped a whopping 27.2% in the month of July. The consensus among analysts was that we would see a drop of around 13 percent, so when the 27 percent figure was announced it sent a shock through world financial markets. To say that the real estate industry is alarmed by these numbers would be a tremendous understatement. What we are seeing unfold is essentially "Armageddon" for those involved in the housing and real estate industries. The real estate market is grinding to a standstill and a shockingly low number of people are actually in the market to buy a home right now. In the months ahead home sales may pick up a little bit, but only if housing prices start to fall. Why? Because right now there are tons of houses on the market and there are very few qualified buyers available to purchase them and potential buyers are starting to realize this. Buyers are beginning to understand that they have all the leverage now and they are waiting for prices to fall.
Anyone who has taken Economics 101 in college knows that when supply is high and demand is low prices will fall, and that is exactly the situation we have in the U.S. housing market right now.
At the moment, most home sellers in the United States are very hesitant to lower the prices on their homes too much. Many have no intention of selling their homes below what they originally paid for them, and many others truly believe that the housing market will eventually rebound.
But the truth is that housing prices are simply not going to rebound to 2006 levels. If anything, they are going to continue to fall.
The following are the three basic points that every American needs to understand about the U.S. housing market right now....
1) There Is A Gigantic Mountain Of Unsold Homes On The Market
There are a staggering number of unsold homes on the market right now. As you can see from the chart from the Calculated Risk blog below, there is now over a year's worth of unsold homes flooding the marketplace....
So who is going to buy all of those unsold homes with so few qualified purchasers in the marketplace?
That is a very good question.
Unfortunately, all the signs indicate that the glut of unsold homes is going to get even worse.
As of this March, U.S. banks had an inventory of 1.1 million foreclosed homes, which was a new all-time record and which was up 20 percent from one year ago.
And the tsunami of foreclosures and repossessions just keeps growing....
Read Full Article HERE
Evangelist Denied Entry to U.S. All Meetings Cancelled
John The Baptist.com
ENTRY DENIED. All MEETINGS CANCELED -Andrew Strom
I am very sorry to announce to those of you who were planning on attending some of our meetings over the next month that we have been denied entry to the USA and sadly will have to cancel all the meetings.
My whole family were detained for over 6 hours at the US border
yesterday (the USA side), questioned, photographed, fingerprinted
like criminals – and sent back to Canada. We were told we could
not come in to preach to a series of Christian groups like this –
even though their website clearly says we CAN – and I have already
been in TWICE THIS YEAR doing exactly the same thing. They let
me in then – but no more. They even fingerprinted my 15-year-old
daughter. None of us (except our 9 and 11-year olds) can even set
foot in the USA again without going to the US Consulate and getting
special permission. We literally are now in the “criminal” class
according to US Immigration.
All this because we were invited by church groups and Christian
groups across the USA to come preach a series of meetings.
They told me to do that I have to have an “R” visa. (These take
months and months to get – often never). This is not what their
website says. New Zealand is a “visa-waiver” country and Conference
speakers are specifically allowed into the US under those rules. I
asked them, “How then can a foreign preacher who is invited by a
Christian group to the USA ever get in to preach?” They said maybe
that is OK for one or two meetings, but not for a series. So we
cannot preach in churches across the nation – even though that is
exactly what they have let me in to do before. This is the first time
I have ever been denied entry to do that very thing. And now we are
all – very evidently – “criminals”. Never to darken the door again.
My family and I naturally came home from this pretty distraught
and devastated. My daughter was crying in the car. Six hours is a
long time to be detained like that.
But, you know, at the end of the day, God is in control. I felt sure
then and I feel sure now that even though this was so distressing,
God was still speaking to us through it all. I believe He is the one
who is slamming the door shut on America right now – and doing
so in no uncertain terms. We have been praying and many others
have been praying for too long for this to have just been “man’s”
decision. I accept it as the voice of God. America is over for us.
WHERE to FROM HERE?
The most likely thing is a return “Down-Under” to New Zealand and
Australia. We have been away from home now – traveling and
ministering – for 18 months. Perhaps it is time for a return to what
the explorer Pedro Fernandez de Quiros called the “Great South
Land of the Holy Spirit.”
I just want to apologize again to all those who wanted to attend
our upcoming meetings. I am very sorry, my friends. Our family
is still pretty shaken by all of this, so we would certainly appreciate
your prayers at this time.
-Please comment on this article below.
God bless you all.
Andrew Strom.
View Website HERE
ENTRY DENIED. All MEETINGS CANCELED -Andrew Strom
I am very sorry to announce to those of you who were planning on attending some of our meetings over the next month that we have been denied entry to the USA and sadly will have to cancel all the meetings.
My whole family were detained for over 6 hours at the US border
yesterday (the USA side), questioned, photographed, fingerprinted
like criminals – and sent back to Canada. We were told we could
not come in to preach to a series of Christian groups like this –
even though their website clearly says we CAN – and I have already
been in TWICE THIS YEAR doing exactly the same thing. They let
me in then – but no more. They even fingerprinted my 15-year-old
daughter. None of us (except our 9 and 11-year olds) can even set
foot in the USA again without going to the US Consulate and getting
special permission. We literally are now in the “criminal” class
according to US Immigration.
All this because we were invited by church groups and Christian
groups across the USA to come preach a series of meetings.
They told me to do that I have to have an “R” visa. (These take
months and months to get – often never). This is not what their
website says. New Zealand is a “visa-waiver” country and Conference
speakers are specifically allowed into the US under those rules. I
asked them, “How then can a foreign preacher who is invited by a
Christian group to the USA ever get in to preach?” They said maybe
that is OK for one or two meetings, but not for a series. So we
cannot preach in churches across the nation – even though that is
exactly what they have let me in to do before. This is the first time
I have ever been denied entry to do that very thing. And now we are
all – very evidently – “criminals”. Never to darken the door again.
My family and I naturally came home from this pretty distraught
and devastated. My daughter was crying in the car. Six hours is a
long time to be detained like that.
But, you know, at the end of the day, God is in control. I felt sure
then and I feel sure now that even though this was so distressing,
God was still speaking to us through it all. I believe He is the one
who is slamming the door shut on America right now – and doing
so in no uncertain terms. We have been praying and many others
have been praying for too long for this to have just been “man’s”
decision. I accept it as the voice of God. America is over for us.
WHERE to FROM HERE?
The most likely thing is a return “Down-Under” to New Zealand and
Australia. We have been away from home now – traveling and
ministering – for 18 months. Perhaps it is time for a return to what
the explorer Pedro Fernandez de Quiros called the “Great South
Land of the Holy Spirit.”
I just want to apologize again to all those who wanted to attend
our upcoming meetings. I am very sorry, my friends. Our family
is still pretty shaken by all of this, so we would certainly appreciate
your prayers at this time.
-Please comment on this article below.
God bless you all.
Andrew Strom.
View Website HERE
Tuesday, August 24, 2010
More Dead Fish and Oil Mississippi River Outlet
Florida Oil Spill Law
State authorities say fish kill in St. Bernard Parish waters likely caused by low oxygen levels, Times Picayune, August 23, 2010:
The fish were found Sunday afternoon, floating near boom that had been deployed in the area to catch oil from the BP oil leak, and washed up on the shoreline, St. Bernard Parish government said in a news release.
“Different species were found dead including crabs, sting rays, eel, drum, speckled trout, red fish, you name it, included in that kill,” St. Bernard Parish President Craig Taffaro said.
Taffaro said there was oil in the area…
[Also] a thick, orange substance with tar balls and a “strong diesel smell” was located Monday morning around Grassy Island, the news release said. Skimmers were dispatched to the area.
Large fish kill found at mouth of Mississippi River Gulf outlet, CNN, August 23, 2010:
[T]he president of St. Bernard Parish in Louisiana [said] “I’m talking about 5,000 to 15,000 dead fish,” Craig Taffaro said of the Sunday discovery…
According to Taffaro, there is some “recoverable oil” in the area but there also have been “oxygen issues,” so officials don’t know yet if the fish kill is related to the BP oil spill. Officials from the Louisiana Wildlife and Fisheries Department are investigating.
St. Bernard reports fish kill at mouth of MRGO, New Orleans CityBusiness, August 23, 2010:
Authorities in St. Bernard Parish report a large fish kill was found Sunday afternoon at the mouth of the Mississippi River Gulf Outlet. Thousands of dead fish were found floating on top of the water, collected in boom and washed up on the shoreline….
St. Bernard Parish President Craig Taffaro… said oil from the Deepwater Horizon leak was believed to have been in the area as well, but he stopped short of blaming it for the fish kill. …
St. Bernard Parish Government also reported a half-mile long orange thick substance with several tar balls and a strong diesel smell was located this morning around Grassy Island. Skimmers were sent to recover the substance.
The Times Picayune reports that state officials say the massive fish kill does not appear to be directly related to oil from the BP leak, “Randy Pausina, head fisheries biologist for the state, said Department of Wildlife and Fisheries workers are investigating the fish kill and that the initial conclusion is that it was caused by low levels of oxygen in the water.”
View Original Article HERE
State authorities say fish kill in St. Bernard Parish waters likely caused by low oxygen levels, Times Picayune, August 23, 2010:
The fish were found Sunday afternoon, floating near boom that had been deployed in the area to catch oil from the BP oil leak, and washed up on the shoreline, St. Bernard Parish government said in a news release.
“Different species were found dead including crabs, sting rays, eel, drum, speckled trout, red fish, you name it, included in that kill,” St. Bernard Parish President Craig Taffaro said.
Taffaro said there was oil in the area…
[Also] a thick, orange substance with tar balls and a “strong diesel smell” was located Monday morning around Grassy Island, the news release said. Skimmers were dispatched to the area.
Large fish kill found at mouth of Mississippi River Gulf outlet, CNN, August 23, 2010:
[T]he president of St. Bernard Parish in Louisiana [said] “I’m talking about 5,000 to 15,000 dead fish,” Craig Taffaro said of the Sunday discovery…
According to Taffaro, there is some “recoverable oil” in the area but there also have been “oxygen issues,” so officials don’t know yet if the fish kill is related to the BP oil spill. Officials from the Louisiana Wildlife and Fisheries Department are investigating.
St. Bernard reports fish kill at mouth of MRGO, New Orleans CityBusiness, August 23, 2010:
Authorities in St. Bernard Parish report a large fish kill was found Sunday afternoon at the mouth of the Mississippi River Gulf Outlet. Thousands of dead fish were found floating on top of the water, collected in boom and washed up on the shoreline….
St. Bernard Parish President Craig Taffaro… said oil from the Deepwater Horizon leak was believed to have been in the area as well, but he stopped short of blaming it for the fish kill. …
St. Bernard Parish Government also reported a half-mile long orange thick substance with several tar balls and a strong diesel smell was located this morning around Grassy Island. Skimmers were sent to recover the substance.
The Times Picayune reports that state officials say the massive fish kill does not appear to be directly related to oil from the BP leak, “Randy Pausina, head fisheries biologist for the state, said Department of Wildlife and Fisheries workers are investigating the fish kill and that the initial conclusion is that it was caused by low levels of oxygen in the water.”
View Original Article HERE
20 Signs That America Is No Longer The Land Of The Free
The American Dream
The United States was able to defeat Nazi Germany and helped bring down the USSR, but is the U.S. government now quickly becoming just like them? Once upon a time, America was the land of the free and the home of the brave, but today the government has become an oppressive monster that is intrusively embedding itself in our lives in thousands of different ways. Today we are all viewed as potential threats to the "system" that the government has imposed, and therefore everything that we do must be watched, tracked, traced, recorded and controlled. Lip service is still given to ideals such as freedom of speech, freedom of the press, freedom of assembly, freedom of religion and freedom of movement, but all of those freedoms are rapidly dying a brutal death. To our forefathers, living the American Dream meant living as free men and women, but today it means living under deep socialist tyranny where the government takes care of us from the cradle to the grave and uses an increasingly oppressive Big Brother police state control system to guarantee our safety.
The following are 20 signs that America is no longer the land of the free....
1 - Government trash snooping has now come to America. The city of Cleveland plans to sort through curbside trash to ensure that people are actually recycling their trash. If it is discovered that they are not recycling properly they will be hit with very large fines.
2- It is becoming increasingly difficult to express free speech online. The city of Philadelphia is actually forcing bloggers to pay them $300 for a business license. In this economic climate, who can afford to pay an extra 300 dollars just to have a blog? So much for free speech in Philadelphia.
3 - All of our DNA will soon be in a database. Barack Obama has been pushing a plan to create a national database that will store the DNA of all individuals who have been arrested, even if they end up not being convicted of a crime.
4 - You should consider nothing you do on the Internet to be private. It is being reported that the Obama administration is now demanding access to all Internet records of all Americans without court review.
5 - Just about anything can be used against you in court these days. In one of the very first military commissions held under the Obama administration, a U.S. military judge ruled that confessions obtained by threatening the subject with rape are admissible in court.
6 - But it is not just Islamic terrorists that are going to get this kind of treatment. According to FBI Director Robert Mueller, "homegrown terrorists" represent just as much of a threat to American national security as al-Qaeda does in 2010.
7 - Be very, very careful about what you post on the Internet from now on. One software company is actually developing software which will be able to identify people from photographs posted on the Internet.
Read Full Article HERE
The United States was able to defeat Nazi Germany and helped bring down the USSR, but is the U.S. government now quickly becoming just like them? Once upon a time, America was the land of the free and the home of the brave, but today the government has become an oppressive monster that is intrusively embedding itself in our lives in thousands of different ways. Today we are all viewed as potential threats to the "system" that the government has imposed, and therefore everything that we do must be watched, tracked, traced, recorded and controlled. Lip service is still given to ideals such as freedom of speech, freedom of the press, freedom of assembly, freedom of religion and freedom of movement, but all of those freedoms are rapidly dying a brutal death. To our forefathers, living the American Dream meant living as free men and women, but today it means living under deep socialist tyranny where the government takes care of us from the cradle to the grave and uses an increasingly oppressive Big Brother police state control system to guarantee our safety.
The following are 20 signs that America is no longer the land of the free....
1 - Government trash snooping has now come to America. The city of Cleveland plans to sort through curbside trash to ensure that people are actually recycling their trash. If it is discovered that they are not recycling properly they will be hit with very large fines.
2- It is becoming increasingly difficult to express free speech online. The city of Philadelphia is actually forcing bloggers to pay them $300 for a business license. In this economic climate, who can afford to pay an extra 300 dollars just to have a blog? So much for free speech in Philadelphia.
3 - All of our DNA will soon be in a database. Barack Obama has been pushing a plan to create a national database that will store the DNA of all individuals who have been arrested, even if they end up not being convicted of a crime.
4 - You should consider nothing you do on the Internet to be private. It is being reported that the Obama administration is now demanding access to all Internet records of all Americans without court review.
5 - Just about anything can be used against you in court these days. In one of the very first military commissions held under the Obama administration, a U.S. military judge ruled that confessions obtained by threatening the subject with rape are admissible in court.
6 - But it is not just Islamic terrorists that are going to get this kind of treatment. According to FBI Director Robert Mueller, "homegrown terrorists" represent just as much of a threat to American national security as al-Qaeda does in 2010.
7 - Be very, very careful about what you post on the Internet from now on. One software company is actually developing software which will be able to identify people from photographs posted on the Internet.
Read Full Article HERE
The New Auto IRA Is Just Highway Robbery
By Ron Holland
Lew Rockwell.com
First They Destroy Private Healthcare in America – Yes, the socialist Democrats won their first battle to destroy the private healthcare system in the US but the automatic IRA bill now in Congress is their next attack to also control, confiscate and destroy the private retirement system. Ultimately, nationalizing healthcare is designed to create a major new government revenue stream by replacing private health insurance with a nationalized, mandatory, government program and their goal is identical with your retirement plan.
Washington will decide the annual forced healthcare premiums on all Americans with the middle and upper wage earners paying far higher premiums than the subsidized voting constituencies who will be the primary beneficiaries of the program. Their goal is to allow Washington to steal much of the annual health premiums (taxes) for current revenue needs and to bailout and subsidize with your premiums the health programs for the voting blocks of poor and underemployed, illegals, unions and the millions of city, county, state and federal government employees. Eventually there will be no private competition available except for the very wealthy and Washington will constantly increase premiums just as they raise taxes today.
Next They Steal Your Private Retirement Benefits – Just as with the Obama Administration plans eventual nationalization of healthcare, the tremendous amount of funds in private retirement plans and IRA accounts are also being targeted to meet future revenue needs. Bills have just been introduced in both the House and Senate to create the new Auto IRA accounts which will at first be voluntary but later will become mandatory like Social Security and I expect the early 3% employee after tax contribution levels to eventually rise to 10 to 15% of compensation rising even more than Social Security has increased over the years. Read this August 17th article in Investment News at for more information.
Just Robbery Pure & Simple – The Auto IRA is the first step to grab and control your retirement assets and replace our private system with a forced, government controlled Social Security type program. In addition they will force much of your retirement funds into buying junk treasury bonds along with the Federal Reserve when the dollar/national debt crisis hits as billions of retirement funds become the buyer of last resort when the rest of the world are dumping dollars and treasury securities. Americans with substantial private retirement benefits will also likely be "means tested" out of their promised Social Security benefits and discover their private retirement benefits will be subject to confiscatory levels of taxes and penalties which will even target previously taxed Roth IRA accounts.
Bipartisan Theft – But don’t think a GOP victory in the fall elections or 2012 will safeguard your retirement assets as Washington’s need for new wealth is a bipartisan effort by both political parties. Note that the leading "Washington based" conservative think tank disagrees with my analysis of the threat to your retirement assets. I take exception to the views of David John, The Heritage Foundation's leading analyst on issues relating to pensions, financial institutions, asset building, and Social Security reform but read his The Automatic IRAs: A Conservative Way to Build Retirement Security and you will see how even some traditional conservatives are supporting the latest Washington retirement wealth and power grab.
Read More About the Retirement Threat & Protection Solutions – I have already covered the proposals in detail in two lengthy online reports: Get Ready For the Obama Retirement Trap at published on 1/28/2010 and The 10 Step Countdown To Retirement Plan Nationalization at published on 3/22/2010.
Please take the time to review both reports in detail which covered the threats when the Obama Administration first proposed this new program back in January 2010 and also read David John’s glowing support for the new Washington retirement scheme. Then decide for yourself if Washington is here to help you for a change or out to steal you blind as usual. Together, the reports above provide a confiscation timeline and actions you can take now to defend your retirement security and benefits.
View Original Article With Links HERE
Lew Rockwell.com
First They Destroy Private Healthcare in America – Yes, the socialist Democrats won their first battle to destroy the private healthcare system in the US but the automatic IRA bill now in Congress is their next attack to also control, confiscate and destroy the private retirement system. Ultimately, nationalizing healthcare is designed to create a major new government revenue stream by replacing private health insurance with a nationalized, mandatory, government program and their goal is identical with your retirement plan.
Washington will decide the annual forced healthcare premiums on all Americans with the middle and upper wage earners paying far higher premiums than the subsidized voting constituencies who will be the primary beneficiaries of the program. Their goal is to allow Washington to steal much of the annual health premiums (taxes) for current revenue needs and to bailout and subsidize with your premiums the health programs for the voting blocks of poor and underemployed, illegals, unions and the millions of city, county, state and federal government employees. Eventually there will be no private competition available except for the very wealthy and Washington will constantly increase premiums just as they raise taxes today.
Next They Steal Your Private Retirement Benefits – Just as with the Obama Administration plans eventual nationalization of healthcare, the tremendous amount of funds in private retirement plans and IRA accounts are also being targeted to meet future revenue needs. Bills have just been introduced in both the House and Senate to create the new Auto IRA accounts which will at first be voluntary but later will become mandatory like Social Security and I expect the early 3% employee after tax contribution levels to eventually rise to 10 to 15% of compensation rising even more than Social Security has increased over the years. Read this August 17th article in Investment News at for more information.
Just Robbery Pure & Simple – The Auto IRA is the first step to grab and control your retirement assets and replace our private system with a forced, government controlled Social Security type program. In addition they will force much of your retirement funds into buying junk treasury bonds along with the Federal Reserve when the dollar/national debt crisis hits as billions of retirement funds become the buyer of last resort when the rest of the world are dumping dollars and treasury securities. Americans with substantial private retirement benefits will also likely be "means tested" out of their promised Social Security benefits and discover their private retirement benefits will be subject to confiscatory levels of taxes and penalties which will even target previously taxed Roth IRA accounts.
Bipartisan Theft – But don’t think a GOP victory in the fall elections or 2012 will safeguard your retirement assets as Washington’s need for new wealth is a bipartisan effort by both political parties. Note that the leading "Washington based" conservative think tank disagrees with my analysis of the threat to your retirement assets. I take exception to the views of David John, The Heritage Foundation's leading analyst on issues relating to pensions, financial institutions, asset building, and Social Security reform but read his The Automatic IRAs: A Conservative Way to Build Retirement Security and you will see how even some traditional conservatives are supporting the latest Washington retirement wealth and power grab.
Read More About the Retirement Threat & Protection Solutions – I have already covered the proposals in detail in two lengthy online reports: Get Ready For the Obama Retirement Trap at published on 1/28/2010 and The 10 Step Countdown To Retirement Plan Nationalization at published on 3/22/2010.
Please take the time to review both reports in detail which covered the threats when the Obama Administration first proposed this new program back in January 2010 and also read David John’s glowing support for the new Washington retirement scheme. Then decide for yourself if Washington is here to help you for a change or out to steal you blind as usual. Together, the reports above provide a confiscation timeline and actions you can take now to defend your retirement security and benefits.
View Original Article With Links HERE
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