Dirty Harry to World Savers “You’ve Got To Ask Yourself…Do You Feel Lucky?

bail-inFor all those savers and investors young enough not to remember the 1971 American film classic, “Dirty Harry,” there is a scene in the beginning of the film in which the protagonist, San Francisco Detective Harry Callahan (played by Clint Eastwood) interrupts an afternoon bank robbery by shooting the three perpetrators as they try to escape.

Harry kills two of the robbers but one wounded bandit lying on the street contemplates picking up his fallen shot gun to shoot Harry. At this juncture, Clint Eastwood levels his .44 magnum hand gun at the wounded robber who is trying to recall if Callahan has fired all the rounds in his revolver. Callahan says, “I know what you’re thinkin’. Did he fire six shots or only five?… You’ve got to ask yourself one question…Do you feel lucky?… Well, do you, punk?

In a complete role reversal of the good guys and the bad guys, the world banking elite has been, for some time now, pointing a great big dangerous gun at the heads of all savers and investors on the planet. The bullets in that gun are each a little different but still extremely deadly. Here is what investors worldwide are facing: [Read more...]

Jim Sinclair: You Must Exit the System Imediately, Financial Nazis Are Moving Directly Towards You!

FarageLegendary gold trader Jim Sinclair sent out an email alert to subscribers over the weekend, advising investors that You must now act to exit the system!  Sinclair, who as recently as 2 weeks ago advised those attending his NYC meeting that investors have 2 years to withdraw their IRA and 401k funds from the system, has changed the urgency of his call significantly, stating:
You must exit the system immediately because the Financial Nazis struck in Cyprus and now are moving directly towards you. This is simple fact, which if you ignore will be akin to the rise of the Nazis in Germany for those that knew they should, but never made the decision to leave that system.

Sinclair’s full alert is below: [Read more...]

Something Wicked This Way Comes…Obama Planning Retirement Plan Bail-ins

HindenburgBy AGXIIK:

Obama is on a tear about the ‘size’ of IRA balances.  He says that Americans should not have IRAs beyond a certain limitThese limits would be imposed through changed in the tax codes to impose FAIRNESS in IRA matters.
HERE IS MY PREDICTION:  
Obama will propose bank bail-ins that incorporate a progressive pension plan expropriation based on retirement plan size and income streams.  It will start with the biggest plans, many sitting in offshore accounts.  These mega plans will suffer a large haircut, perhaps starting with 20% and progressing upwards to 50%, depending on how one acquired the wealth or how well connected one is.
Like the well-connected in Cyprus, those who know the haircut is coming can execute plans to remove their IRAs from government seizure.  Those who are not forewarned to this theft will wake up to find their $500,000 IRA  has been halved.
Cue the Hindenburg.

[Read more...]

Does IRS Have Its Sites Set on Roth IRA’s?

gun sitesBy SD Contributor AGXIIK:

The government says that once the Roth is converted, there are no taxes on withdrawals after that.  Of course, the gummint is great at the big lie.  Anytime in the future the Roth safe harbor could be cancelledAll a president would have to do is pull the NDRP or NDAA trigger, and they own our butts. 

Most people would never even hear of the IRA grabs thus leaving themselves as a convenient target. Those that were smart enough to see this coming would do just what most of us are doing.  Slowly removing the IRA balances, paying the much smaller amounts of taxes and moving on.

There’s a good possibility that the GRA or pension grabs will move up in line of Federal control, thus leaving out the annoying waiting  for revenues and actuarial estimation of when the holder will die, with the estate coughing up half of the balances. [Read more...]

Year in Review: The Top SD Stories of 2012

20122012 is almost in the books.  That means its time for another review of the year’s top stories on SilverDoctors.

The most important and most popular SD Stories of 2012: [Read more...]