Two years ago, as WND reported, the Obama administration was proceeding with a novel way to finance trillion-dollar budget deficits by forcing IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their retirement accounts.
Remarkably, those financial professionals specializing in private retirement savings and the U.S. citizens investing in private retirement plans now face the possibility the Obama administration and its allies on the political left will impose rules and regulations that effectively abolish the private retirement savings and investment markets.
Recent evidence suggests government officials continue to eye the multi-trillion dollar private retirement savings market, including IRAs and 401(k) plans, eyeing the opportunity to redistribute private retirement savings to less affluent Americans and to force the retirement...
If this is indeed the case (never know whether to trust WND as a news source), then simply take the tax hit & liquidate your 401K, & invest in something that doesn't have "United States" printed on it, IAW Prov. 27:12.
My point was not to advocate a "let go and let God" position, but to remind Christians that God is still there and allows or decrees all things on this earth. Even if you prep, pull your investments out, on and on, God's WILL be done. He has your 401k as well as Obama's life in His hands. That was my point. That is what needs to be emphasized, not hand wringing head for the fall out shelters. We are sojourners, not permanent residents.
jpw wrote: we have been conditioned to do nothing.
And the same Christians who shout 'Don't fret,' "God is in control" sit on their comfy pews and refuse to go out in the highways and byways and compel the lost and perishing to come into God's house (which is not a building made by hands, btw) so it may be full.
God uses means. Christians need to fight against another government takeover or hold our peace when it becomes the law of the land.
"to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government-controlled programs investing in government-issued debt"
**The United Socialist States of America.**
Obama and the (very Liberal) Democrat party are leading America to Big Brother - A socialist run country. Capitalism is dying. And the sad thing about it is that this is what the people voted for - Because of the new majority variegated ethnic face of America.
Soon America will be just like Europe and the UK with the acrid smell of socialism permeating every facet of society government and life. A growing population of Bureaucrats will tell the people what to think, what to say and what to do.
Is GOD still in control? Why is this on a Christian website? If GOD providentially allows this to happen, then it will happen. Trust in Him and stop wringing your hands because of this conspicuously Godless administration.