I commend your taking the risk to post such a controversial piece on your site and I whole heartedly agree with what you speak of. All you are doing is attempting to pull the wool off from over the eyes of your readers.

Please keep up the good work.

DON’T BE NAIVE!!

Do you honestly think that if our 401Ks and IRAs continue to erode to the tune of 50-60%, the retirees and soon-to-be retirees (who can outvote ANYBODY) won’t flock to big brother like the knee-jerk lemmings they are, just to ensure THEY will be taken care of?

And the gov’t doesn’t HAVE to mandate that all participate in the GRA system. Who in their right mind WOULDN’T exit their 401Ks and IRAs once all the big money starts heading for the hills?

This is not right wing media bias. This is a legitimate option proposed to congress. The idea may still be in its infancy, and it may never gain traction (especially if the market improves), but don’t be naive to think if the gov’t can get the votes they wouldn’t love to HELP us by providing a “secure” retirement.

I find a lot of republicans who are predicting dire consequences of an Obama presidency (socialism, depression, mushroom clouds over US cities, banning of the boy scouts etc.) I think a lot of this is just hyperbole. Care to prove me wrong my putting your money where your mouth is?

http://bux.to/?r=ang_lupin

Obama worries me solely due to the fact he has the cult of personality, everyone is so relieved Bush is going to finally be deposed normally critical people are willing to suspend judgement, couple that with dominence of both houses by Democrats and a possible close super majority that would be filibuster proof and I think you’re asking for trouble.

We have to remember that government doesn’t have anything it doesn’t take from someone else. When we ask the government to help, it WILL come at the expense of someone by force, so when government serves up a mandate to do this or that we should ask at what expense and to whom.

Many people are ready to slaughter the free market concept due to a supposed lapse of markets to self regulate, necessitating government regulation in “all its civil servant wisdom”. What I’ve drawn from this whole mess is that we never did have a free market system because if you follow the money as any good detective should, you will find an inept governmental official considering political ramifications rather than economic ones.

We need a sound commodity based currency and a full reserve banking system if we want to minimize these boom and bust economic cycles. Sure it would be boring, slow and predictable but after these past couple of months and considering the few gray hairs left on my stress induced balding head, I think I wouldn’t mind too much.

Frugal, that’s just your opinion. People who are more intimate with economics, such as…economists, disagree with you. You’re very good at gaming the system, but that doesn’t make you an expert.

Times like this, I often wish I’m dead wrong. I only wish the best for everybody, and nothing else, and I hate to see US sinks further.

Such action is drastic and let’s hope it doesn’t happen at all. If it does, we will just sink further.

Regards,

Frugal

I suggest letting the new president and Congress take office before starting to freak out. Who knows, maybe they’ll surprise you. Heck, maybe they even have a better way…

I suggest letting the new president and Congress take office before starting to freak out. Who knows, maybe they’ll surprise you. Heck, maybe they even have a better way…

I suggest letting the new president and Congress take office before starting to freak out. Who knows, maybe they’ll surprise you. Heck, maybe they even have a better way…

Frugal, I agree with the others that the plan doesn’t carry any weight, but it does reveal that there are some in the current political system who, themselves, lack critical thinking skills in the fields of finance and economics.

Grant

you believe everything you read. Sad Think for yourself