But here's an easy one - just click and watch the video -- watch it on the shitter if it soothes you such:
If you work for 50 years and receive the typical long-term return of 7 percent on your 401(k) plan and your fees are 2 percent, almost two-thirds of your account will go to Wall Street. This was the bombshell dropped byFrontline’s Martin Smith in this Tuesday evening’s PBS program, The Retirement Gamble.http://wallstreetonparade.com/2013/04/pbs-drops-another-bombshell-wall-street-is-gobbling-up-two-thirds-of-your-401k/
Better pay attention to this shit kids . . .
To put it another way – you work for Wall Street. You are their slave, their lackey and as long as their toadies dominate in Congress, nothing is going to change on the legislative front to stop the looting. Wall Street seized millions of homes through illegal foreclosures and stripped the equity from the owners. They got away with it. Some Wall Street firms further enriched themselves making bets that the housing market would collapse, using their inside knowledge of the bogus loans they had made. They got away with that also. Now Wall Street is busy asset stripping the retirement plans of the working class in America while President Obama proposes to cut Social Security benefits through a discredited calculation called Chained CPI – conveniently causing people to save more in their 401(k) plans to make up for the potential loss. But the more you save, the more Wall Street asset strips.
Yeah -- The Gadfly fell for all of that 80's and 90's bullshit about 401k's being the magic key to his retirement too. Guess what?? We all got fucking ass raped! Muahahahahahahahaha!!!!
http://video.pbs.org/video/2353457763/
The sooner you mules realize that you're just vehicles for transferring gold ingots from one wealthy family to the next -- is the day your sinuses will feel clear. Hehe . . .
----TFG
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