Originally posted by: quest55720
Originally posted by: sandorski
Recent events show that the Finance/Investment Industry wants to manage your 401k into utter worthlessness.
Take your pick.
Atleast it is my money and my choice of how it is invested. I doubt SS will be around when I retire thanks to government corruption. I don't need them stealing my 401k to give to others who don't save.
You've got Options when it comes to Government too.
Let me cllarify my previous, and this, Posts: I was being Ironic, perhaps not clearly, but whatever. If times were different and we were having just an Average year of Growth with everything just chugging along just fine, then the OP has a point. Unfortunately that is not the case and things are going terribly wrong. If there are any Conspiracies happening here, it is not a Government Conspiracy to Nationalise, unless Bankers/Investors are involved. If that Conspiracy exists, then it doesn't matter who you side with, you still end up on the side of the Conspirators.
Level heads need to prevail in such times. As things settle down and the issues get resolved, Government will loosen the reigns again and if it doesn't then the OP and others can effect change to return things to a more Traditional system.