If you have listened to Catherine Fitts Austin, while she was working under Bush she came across info that the retirement funds had all been stolen and they had no clear plan. Eventually this lead to 9/11 and the path to Great Reset we are on.
So technically all the 401k's might have been lost, whatever is the Plan we are seeing, it is specifically aimed at bait-switching Great Reset into Great Awakening. Fed is purchasing trillions of dollars of hard assets (real estate) and the Treasury Debt is being mainly held by Fed and Big Banks (reverse repo)
My guess? When they collapse the economy (or rather, allow people to see that it had already collapsed) and try to transition into Great Reset, US and other governments will default on their debt, wiping out the Fed and the Big Banks.
They will then be able to bring Rico charges against the banks, fed, wall street etc, and confiscate all the hard assets.
My guess is, these assets will be used as backing to make whole anyone who lost their savings during this debacle, including the retirement accounts.
I am not a financial advisor, but it might be best to switch your 401k from stocks and bonds to money.
Yeah the best option is to diversify. No one knows what would be standing and what would be wiped out. Dont put all eggs in one basket. Distribute between cash, real estate, metals (real, not paper), crypto and stocks. Also dont trust the cash in the bank will always be accessible. Better to keep some on hand.
so does that mean any 401K retirement is toast?
No it means anything backed in $ is toast.
I would find a safe haven,I borrowed against my 401k and put it in physical silver. Some people are buying PSLV it's backed by actual silver.
If you have listened to Catherine Fitts Austin, while she was working under Bush she came across info that the retirement funds had all been stolen and they had no clear plan. Eventually this lead to 9/11 and the path to Great Reset we are on.
So technically all the 401k's might have been lost, whatever is the Plan we are seeing, it is specifically aimed at bait-switching Great Reset into Great Awakening. Fed is purchasing trillions of dollars of hard assets (real estate) and the Treasury Debt is being mainly held by Fed and Big Banks (reverse repo)
My guess? When they collapse the economy (or rather, allow people to see that it had already collapsed) and try to transition into Great Reset, US and other governments will default on their debt, wiping out the Fed and the Big Banks.
They will then be able to bring Rico charges against the banks, fed, wall street etc, and confiscate all the hard assets.
My guess is, these assets will be used as backing to make whole anyone who lost their savings during this debacle, including the retirement accounts.
I am not a financial advisor, but it might be best to switch your 401k from stocks and bonds to money.
thanks for the info - I'm not a finances person, but I'll look into what we need to do
Yeah the best option is to diversify. No one knows what would be standing and what would be wiped out. Dont put all eggs in one basket. Distribute between cash, real estate, metals (real, not paper), crypto and stocks. Also dont trust the cash in the bank will always be accessible. Better to keep some on hand.