Every dime in your IRA, 401K, 403B, etc. will be tracked by DEPT.OF LABOR- Nobody will be able to move a penny, even to liquidate it and put it in a individual account, without the DOL tracking it.

Steve-

In reference to the MK's comments about back up software for the banks... those in the financial services industry have had to do these business continuity plans for years. It's about time they started looking at backup software (if it is possible they are concerned about their depositors, which is highly unlikely).

Coming from the days when there were small, independent brokerage houses all over the country, the best advice I can give is not to hold anything in street name (if you are still in the market) and keep a hard copy paper trail of everything. Computers do nothing but centralize the control over everything. Things were more secure when it was all paper and pencil.

Pretty soon your stockbroker will be nothing more than a teller. All the portfolio management will be done by the last banks standing. The Dept of Labor is busy setting up the protocols for eliminating investment advisers, (the 12(b)(1) fees will be eliminated at the first of the year) so they can eventually confiscate all retirement assets. This isn't going to happen this week, but the wheels have been set in motion for this ultimate goal. Every dime in your IRA, 401K, 403B, etc. will be tracked by the DOL. Nobody will be able to move a penny, even to liquidate it and put it in a individual account, without the DOL tracking it.

If you buy hard assets, make sure you SS# (or other identification) is not attached to it. Keep it safe with your AR-15.

As Hawk says, prepare for everything to go wild weasel (sooner than later).

Paula

Dec 2, 2015

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