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MEDI-GATE: THE TRUTH BEHIND AFFORDABLE HEALTH CARE AND THE BITTER PILL

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new-logo25Chuck Frank
lightofthenation.us

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Barry Blake lived with his mother who owned her own home and was covered under Medicaid. When she died, the state of Kentucky “took the house … to be sold and pay those expenses” according to a suit Blake filed to recover it in 2009. The state also took the washer and dryer, their lawn mower, gardening tools, kitchen appliances and other personal items. 

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Surprise, Surprise! There’s a dirty little secret attached to every Affordable Health Care mandate if the plan is “subsidized” by the government. It’s called the “asset recovery” plan which is part of the “Affordable” Health Care Act. Essentially asset or estate recovery, in the end, could mean the loss of your house. More

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Confiscation of Private Retirement Accounts: US Departments of Labor and Treasury Schedule Hearing

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09 06 10 Confiscation of Private Retirement Accounts

By Patrick A. Heller on September 1st, 2010 

“The US government plan is to eventually take ownership of all assets in IRAs and 401K accounts and replace them with US government “Treasury Retirement Bonds

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On August 26, the US Department of Labor issued a news release:

It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.”  The hearings are being conducted by the Labor Department’s Employee Benefits Security Administration. I don’t like speaking in tabloid-style terms, but the unstated agenda of these hearings, as I understand it, is to push for the US government to eventually nationalize (confiscate) all assets in private Individual Retirement Accounts (IRAs) and 401K plans!

The US government is desperate to get its hands on private assets to help cover soaring budget deficits and debts, and this is simply the largest and easiest piggy bank that could be seized.  The Investment Company Institute estimates that at the end of 2008 that there were $3.613 trillion of assets in IRAs and $2.350 trillion of assets in 401K plans.

For more than the past ten years, I have warned readers that the US government was eventually going to go after private retirement accounts. Considered that as the most important reason to avoid establishing precious metals IRAs.  Very few other writers (Ron Holland being one) have picked up on this issue as early as I did.  In fact, the mainstream media pretty much ignored the subject even after a House Committee held hearings on the issue in October 2008. Obviously, an outright seizure of assets would meet stiff resistance from the public.  So the confiscation will never be described as such by government officials.  Expect to see terms such as “retirement income protection” thrown around.  It is highly likely that such a program would be implemented in steps to help overcome public opposition. More

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