Saturday, January 9, 2010

How to save pensions

This article

http://www.bloomberg.com/apps/news?pid=20603037&sid=aHFCE999fWR0

seems to support the supposition in my previous post that the Fed has manipulated the stock market, creating a bull market to artificially regain wealth for retirement funds (and the oligarchy, too, of course). If that suspicion is true, then it would be natural for the Obama administration to try to create a mechanism to "lock in" that increased wealth to the common folk, lest they revolt. Transferring 401K money to a different annuity fund (as discussed in this article) would be one way to freeze those profits. (And what insurance companies might profit from those annuity funds, might I ask, knowing the ultimate benefit of any economic decision is conferred on the rich elite.)

Also see this mainstream article:

http://www.marketwatch.com/story/time-for-fed-to-disprove-ppt-conspiracy-theory-2010-01-05

Time for Fed to disprove PPT conspiracy theory -- Commentary: Analyst charges that government is manipulating markets

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