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IRA & 401k Theft Plotted by US Government

By: Jason Hommel, Silver Stock Report

-- Posted 13 January, 2010 | | Discuss This Article - Comments: Source:

(Now's the time to cash out your retirement for real silver, and gold.)

Silver Stock Report

The State of America is not good.  Criminals rule, and the righteous are in prison. 

I've warned in the past that the US government is more likely to confiscate your IRA and 401k than your silver or gold.  Why?  Because that's where the money is!

Personally speaking, I cashed out my own IRA over the last few years, after reading the handwriting on the wall, because the government began discussing confiscating IRA accounts.  Well, they are at it again.  Read the article in Businessweek, from Jan 8th:

4th paragraph down reads:

"The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort."

They want to "get" people to invest their 401k's and IRA's into annuities, or likely into bonds, which are in the biggest overvalued bubble the world has ever seen.

They are doing this probably because they will have $2 Trillion in bonds to sell this year, and foreign buying is drying up.  They will steal the assets in IRA accounts, and force conversions into bonds, and keep the real investments for themselves, no doubt about it.

If you are unsure about what to do, because of taking the "penalty for early withdrawl" and that "tax hit", consider one of the main features of money. 

MONEY IS DIVISIBLE.  Thus, if you have "too much money" in an IRA or 401k, then the beauty of the nature of money, naturally being divisible, is that you can take out a portion of your money, "just in case", to protect just a part of it, only the part you think you might need, or want, later.

Don't ask me to give you personal advice.  If you can't think for yourself, you don't deserve your money anyway.  And none of those asking ever provide me with enough information anyway, such as the total financial picture, including all assets, all income, all expenses, etc., that would be needed for me to provide half way decent advice in the first place, and I don't really have the time to go over all of that in the first place.  And the whole point of "communism and totalitarian government will collapse" is that "top down" rule does not work, because it's too impossible for one person to guide the economy of everyone in the first place.  So, anyone who asks me for personal financial advice, shows that you don't get it.  Just get a variety of silver and gold.  How much, is up to you.  If you are nervous about the amount, then convert less into silver and gold per transaction, and buy more later, when you understand more.

What they government gives, it takes away.  IRA accounts are a government benefit.

Naturally keeping your own compounded gains in silver and gold is a natural benefit that cannot be easily stolen--they actually have to physically come to your house to take them, and that takes work, and involves much risk that they would rather avoid.

If they force people's IRA's and 401k's into annuities, they will literally give over all the assets in the accounts to the insurance/brokerage industry, and they will give you only a "set dollar" payment until you die; it's called "fixed income".  Fixed income, of course, will inflate to nothing in the coming hyperinflation, and you will lose your power to decide how to invest your money.

In actual fact, most of all of your stocks are already owned by one corporation, the DTCC.

This, and other reasons, are why I have exited the stock advisory business.  You need to follow me out, into silver and gold only, at this point.  I saw this coming a bit early, I was early, but it's getting rather late now, the darkness is clearly coming, and most investors will be wiped out by these coming "rule changes" where they will allow themselves to take everything you have in your retirement accounts.


There is a saying:  "Don't steal.  The government doesn't like competition."

Apparently, the saying needs to be revised to:  "Don't invest.  The government doesn't like competition."

There are over 180,000 "branches" of government in the USA, including national, state, county and city governments, each with many divisions that have their own pension plans for their employees.  These investments are sometimes huge, as I have highlighted before, especially with calPERS, the California public employees' retirement program, at 

The total value of the CalPERS investment pool has slipped to just under $200 billion, as of Oct., 2009.

Again, there are over 180,000 of these public retirement funds, as compiled and exposed at

They are saying California is bankrupt?  How?  They have nearly $200 billion in savings for 1.3 million public workers!  Answer?  They lie. 

CAFR1 is saying that public policy is being directed based on the investments made by these many government funds.  If the biggest and most profitable investments in these government funds are in Pharmacy, Banking, Military Industrial, then we will end up getting government paid prescriptions, bailouts for bankers, and wars.

It's the greatest conflict of interest in history.  Or more accurately, the government is pursuing its own monetary interests, and not the interests of the people.

The Bible says that the king should not multiply gold and silver for themselves; but that's exactly what government today has done at all levels. 

They are just like the wealthy Pharisees and Levites back in the days of Jesus.

And people say I'm biased because I'm a bullion dealer.  Funny.  I advocated truth for 10 years, and in the last year I was pulled into bullion dealing because the national bullion supply chain broke down.

The only "non-investment" that the government cannot see, and cannot track, and therefore, cannot confiscate, is silver and gold bullion.


Former IRS agent, Sherry Jackson is in prison, and being denied medical treatment, for meekly asking the IRS to "show us the law" that makes the average person liable to pay income taxes.  The IRS responded by saying they were responding to such questions with enforcement actions, such as putting such people in prison.

Irwin Schiff is in prison for writing a tax book that mostly quoted Supreme Court decisions.  The book was then banned by the Supreme Court, because it made "fraudulent" claims.  If that's the basis for banning written material, why aren't all textbooks that promote evolution banned?  Irwin is the father of Peter Schiff, who was the economic advisor to Ron Paul who ran for President of the United States.  Ron Paul is one of the only honest politicians in this nation, and his economic advisor's father is in prison.

Dr. Dino, Creation Science Evangilist, is also in prison, also over tax issues.  I read some of his case, and part of his crime was removing just under $10,000 of his own money from the bank, which was counted as "structuring", which is a crime like moneylaundering.  Imagine that!  A man is in jail, partly, for taking his own cash out of his own bank account!

I'm equally guilty of taking money out of my own bank account in amounts that are less than $10,000!  I take out cash, and deposit cash, in both small and large sums, on a regular basis as a bullion dealer, there's no other way to do it, as customers pay in cash, or sell silver and gold for cash, and other dealers deal in wire transfers only.

I wonder if they will come for me?  Part of me feels safe because of my trust in the Lord.  But the Lord's people ended up in prison, too, such as Joseph, Daniel, John the Baptist, Jesus, and all the Apostles.  Part of me feels safe because so many economic advisors have lived such long lives in the US.  But then again, some have fled the US to avoid persecution, such as Bob Chapman, Harry Schultz, and others. 

I know God says to hide, and to flee.  But he also says to be a light on a hill, so which is it?  Our choice?  I'd rather speak up, but it's not easy sharing this kind of information, given what happens to many others. 

Dr. Orly Taitz continues to fight to expose Obama as not qualified under the Constitution to be president.  The case appears to be going forward, despite all the threats she has received.

Father in Heaven, please protect the righteous, in the name of our Lord Jesus Christ!


If the dollar is very, very bad, the yen is worse.

Ambrose Evans-Pritchard:
A global fiasco is brewing in Japan

"The only reason this has not yet blown up is because investors (mostly Japanese) have not yet had the leap in imagination required to understand their predicament and act on it. That roughly is the argument of Dylan Grice from Societe Generale in his latest Popular Delusions note released today. "A global fiasco is brewing in Japan."

Around 2001-2002, there was a lot of talk and news stories of the insolvency of the banks of Japan.  The reason is that they made many loans in their own real estate market that was a bubble and had collapsed, and many of those banks were keeping those bad loans on the books at full value, not at the true value of the market, which in many cases was less than 30% of the loan value.  Sound familiar to the USA today?  Around 2002, there was also lots of talk of Japanese investors buying gold in ever greater amounts, like twice as much each month.  Then, suddenly, all news on the solvency of Japan's banks and the Japanese public gold buying went silent.  We live in a very controlled world.


USA Today has kept up a poll for years that asks:  Does the Second Amendment give individuals the right to bear arms?

After over 5 million votes, 97% voted yes. 

Yet gun rights are continually attacked by politicians in this country.  Why don't they listen to the people?  It can't be by accident.

The only quibble I have with the question is that we don't get our rights from the Constitution, we get them from God.  The constitution simply recognizes our God-given rights, and unfortunately, government today does not recognize either the Constitution or God.

This is why you need to buy silver, and gold.  It keeps government in check.  In grade school, they tell you that there is a separation powers in government that help keep each other in check; the legislative, executive, and judicial.

What they don't tell you is that the people have the power, through jury nullification, to not enforce bad and unjust laws, so that even if people are guilty of breaking the law, if juries won't convict, then unjust laws cannot oppress people.

The people also have even greater power, the power to reject paper money, through which all government functions are funded.  If people simply buy silver, and gold, in increasing quantities, then government abuses must be stopped in their tracks, merely through lack of funding, as the government would collapse from within, as they will be unable to pay their own workers.


There is good news.  Government corruption at all levels is being exposed more and more, especially by hand held smart phone video recorders.  I got a new Droid phone about a month ago.  It has a 5 mega pixil camera, a full video camera that makes better quality youtube videos than any others I've made, it's very easy to use.  I've hated all my other cell phones, but this one is a joy to use.

Police fight cellphone recordings
Witnesses taking audio of officers arrested, charged with illegal surveillance

Police are arresting people with such phones, but they don't always win.  People have a right to openly record in public, and when "too many" people pull out their video recorders at the same time, the police cannot arrest them all!

Enough people remember that the events of 9-11 did not fit the script.  Building 7 was never hit by an airplane, and could only have been a controlled demolition, exposing the entire thing as an inside job designed to help increase government power, similar to the staged attacks on the government buildings that helped put Hitler into power.

People are waking up.  The Tea Party Movement is huge, the biggest grass roots movement of pro freedom, anti-government people in the history of mankind. 

And so far, the real revolution is peaceful. 

They just all need to buy silver and gold, and the revolution would be complete.


Even today, the Federal Government would be unable to balance the budget even if they taxed people's incomes at a rate of 100%, leaving you no money to buy food!

Trust me.  The government will try to starve you, before they starve themselves. 

Protect yourself with silver and gold. 


The dollar is seen by investors to be like shares of stock in America, if America thrives, the dollar will do well.  But the people in power in government don't seem to understand that people thrive under conditions of freedom.  Slaves simply cannot produce like free men can.   There are more people in government than produce things today.  Those in power are rapidly stripping freedoms from America, and it's no wonder that the dollar continues to crash.  Americans don't produce because of excessive rules and restrictions that handcuff business compared to going overseas. 

The state of America is not good.  But fortunately, more and more people are becoming aware of the problems, and the solution.

The problem is government.

The solution is silver, and gold.


I strongly advise you to get real gold and silver, at anywhere near today's prices, while you still can.



Jason Hommel

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-- Posted 13 January, 2010 | | Discuss This Article - Comments:

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