Obama’s Treasury loots federal retirement accounts

The federal government blew the roof off the U.S. debt ceiling — again.

The RT reports that in May 2013, the U.S. Treasury exceeded the federal legal borrowing limit of $16.7 trillion. America’s  outstanding public debt is already $38.82 million above the statuary debt ceiling and now at $16,738,220,000,000.00, according to Treasury data.

Do you know how the Obama regime finances the debt and manages to stay “afloat”?

Answer: By looting federal employees’ retirement accounts.

Back in May 2011, the Obama regime first tapped into federal retirement funds.

Jack Lew

Jack Lew

Hesh Goldstein reports for Natural News that on May 17, 2013, America’s chief bankster, Treasury Secretary Jack Lew, announced that the Obama regime (in order to avoid default) would tap into and suspend investments into the Civil Service Retirement and Disability Fund, as well as halt the daily reinvestment of the government securities (G) fund, the most stable offering in the Thrift Savings Plan’s portfolio.

This is the same Jack Lew about whom I had asked FOTM readers in October 2011, whether you would hire this man who signs his signature in this childish easily-forged scrawl:

JACK-LEW

The G Fund is invested in interest-bearing Treasury securities (i.e. bonds) that make up the public debt. The Civil Service Retirement Fund finances benefit payments under the Civil Service Retirement System and the basic retirement annuity of the Federal Employees’ Retirement System, and those investments are made up of securities also considered part of the public debt.

Goldstein explains that:

“In other words, for you people who have cushy federal government jobs, Lew is telling you that the government controls your retirement. They own it and they own you. And you people who thought serving the New World Order was a such a good idea, are you reconsidering your loyalties now? Military and law enforcement personnel take note on how you will be treated for your subjugation of the American people, followed by the total obliteration of the Constitution.

The government says they are just borrowing the money. How much of the bailout money has been paid back by the banks? Is MERS still in existence?”

Goldstein concludes that “Iceland had the right idea” when they threw bankers like MF Global’s Jon Corzine and Jack Lew (Lew had worked in Wall Street hedge funds before he became Obama’s OMB director, then White House chief of staff, and then Treasury secretary) in prison for their crimes against their fellow citizens. “Iceland struggled for five years and is back stronger than ever. We should have told Wall Street to go to hell in 2008. We should have already arrested the CEO’s of the six megabanks which created MERS.”

MERS is the Mortgage Electronic Registration Systems, Inc., a privately held company that operates an electronic registry designed to track servicing rights and ownership of mortgage loans in the United States.

Alas, people in Iceland have a better awareness of how the world works, whereas Americans only know how American Idol works.

See also:

~Eowyn

7 responses to “Obama’s Treasury loots federal retirement accounts

  1. They will be coming after private retirement accounts next.

    -Dave

  2. This is the bail in system which was enshrined in the Dodd Frank finreg bill.
    The same principle of helping yourelf to other people’s deposits as in Cyprus, Spain, and more recently Detroit. The only way to stop this rot from setting in globally is to reinstate Glass Steagall, and to shut down Wall Street, and the too big to jail banksters. Listen to Marcy Kaptur’s speech in the House this week and jump onto her bankwagon, HR 129 The Return to Prudent Banking Act.

  3. The old folk who keep their money under their mattress may be onto something…

  4. patriciasicilia

    Reblogged this on Patriciasicilia’s Blog and commented:
    Well, since every president since Reagan has raided (excuse me, BORROWED) the baby boomers social security deposits, it’s about time the Federal employees felt our pain! The massive surplus generated in the 70s, 80s and 90s by our generation should have been put in escrow instead of being “borrowed” and never repaid. If that had been done, we wouldn’t HAVE a social security problem now. It didn’t occur to ANYONE in Washington that in the late 90s and 2000s we would start to retire and the fact that we weren’t popping out babies like our parents had would cause a deficit at that time? I wrote to my congressman decades ago about escrowing our surplus donations because I knew there’d be a deficit when we retired, but was told “that’s not how SS works.” In other words, better to steal it than plan for the future.

  5. I would sure like to see the rest of that guy’s writing! One of the first indications of someone who wants to hide self and background is just such a signature as this. This scribble makes no sense, which just about sums up WashDC!
    P.S., I have a Master’s Certification in Handwriting Analysis, so I am not just whistling in the Dark House here!

    • Patricia,

      Thanks for looking at Treasury Secretary Jack Lew’s bizarre signature. I never thought of it that way, but you sure make sense. Why else would Lew sign his name in loops that, even in our wildest imagination, cannot possibly signify the letters J-a-c-k L-e-w?

      The next question is: What is he hiding?

  6. Ha! Yeah, what is that whole bunch hiding?!

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