France has Now Grabbed Their People's Pension Funds to Give to Banks and Their Debt - Joining Hungary and Ireland -

Seems all over the world countries are grabbing their People's Pension and Retirement accounts, they pass the laws very fast and spring the surprise on their people.  France has just joined the fray of taking their people's retirement accounts to give to the banks and buy the countries bonds.  They have taken 36 Billion of people's Pension and retirement accounts.

portion from above link:

Asset managers will have the chance to get billions of euros in mandates in the next few months for the €36bn Fonds de Réserve pour les Retraites (FRR), the French reserve pension fund, after the French parliament last week passed a law to use its assets to pay off the debts of France’s welfare system.

I had posted last week about Hungary taking their people's pension funds.

Ireland too is talking about taking their people's pensions and giving it to the banks.

Portion from above link:

Fine Gael, Labour and Sinn Féin attacked the intention to use the National Pension Reserve Fund to help provide a further €10 billion in further capital for the banks. In total, the banks could end up getting another €35 billion if their losses are bigger than expected.


So, does everyone see what is happening around the world?

The banks come before the people!  The people's money of which they saved and worked all their lives for is being grabbed by the leaders of countries to give to the banks.  Besides people having to pay more in taxes and get less in wages.  In Ireland the people have to take a cut in the minimum wage for their "bailout".

I have no doubt there will be demonstrations in the European countries regarding what the governments are doing there.  

But I will say again, it is simply a matter of time before the U.S. government passes a bill that allows them to take everyone's Private IRA/Pension and 401Ks.  They have had committee meetings on it already, it has been discussed many times.  Remember Federal and State Government Pension funds all over the U.S., are under water right now.  If you think the government will not over reach their powers by stealing everyone's private retirement accounts, then you have not been paying attention to what has been happening with crazy laws being passed or about to be voted on.  


I am including the S 510 "Safe Food Bill" which has enough support to pass the Senate and House - which then effectively makes growing your own vegetables illegal and forget being able to purchase food/vegetables at a farmers market - as those will be wiped out and made illegal also.  Completely Crazy and Outrageous.   But it seems they are intent on passing the bill, even though people have been calling their elected officials, saying "don't pass it" they are standing by the bill.   This will then give Monsanto control of all of our food and seeds.  In fact under the S 510 bill, it will be illegal to save your own seeds.  


We are living in bizarre times and as you think it can't get more outrageous, it does.  


So, look around, pay attention and if you want to be assured you have your own retirement account to use as you want, I would advise talking to an accountant, find out all the penalties of liquidating your Private IRA/pension/401K and do what makes sense to you.  Is it better to take a "tax" hit now and save your retirement money or leave it where it is and let the government possibly grab it for debt and the banks?  When they do/if make the grab, it will be fast with no fore warning, IMO, just as the other countries have done.  People have not had the time to get their money out, once the decisions have been made around the world to take the Pension funds.  So you make the decision to what feels right to yourself, just pay attention and wake up to the desperation of countries.  


When/if it does happen in the U.S. - it will be... one moment, you have your own private retirement account to invest as you want and the next it will be under government control for the banks and debt due to giving Trillions to the banks.  


Ask the French now, Hungarians, Irish, Argentinians, if they expected this to happen to them - in that their government swooped in and took their retirement accounts for their banks and debt of the countries.   I would bet it came as a complete surprise.  


An Idea ..... for the December 7th - bank run - it should also be a Private retirement account run too and put the money into metals - which has been the best investment of the year so far anyway.  The tax of liquidating retirement funds, compared to the increase of metals for the year so far..... which is more?.......  considering silver is up over 46% for the year.... you make that decision!

Truth is Spoken To European Parliament - Says Democracy Being Robbed - Euro is Over! Nigel Farage Video. Also EU Trying to Force Portugal to take a Bailout! *Ireland Bailout - Forces People to Take Min Wage CUT of 1 Euro Per Hour!! They are Feeding the Banks - Trashing the People!

Nigel Farage had the Guts to Speak the Truth to the European Parliament, I am sure he will suffer for it  at some point.  Everyone who is Brave enough to Stand Up and Speak the Truth always has a force against them, who want the Lies to continue!

What he is saying IMO - in reading between the lines......is Bankers will Own all the Countries so all the Democracies will be wiped out, there will no longer be individual countries, due to the bankers owning them.

After transcript - Portugal saying EU can't Force them to take a Bailout! IMO - that means the bankers are trying to force all countries to sign over their countries to debt, as they just did with Ireland. 

After that article is the article of due to the Forced Bailout of Ireland - The people now have to take a 1 Euro CUT Per hour on Minimum Wage!  Outrageous!

Video and Transcript after:

Transcript:

Good morning, Mr van Rompuy,

You've been in office for one year and in that time the whole edifice is beginning to crumble, there's chaos, the money's running out - I should thank you; you should perhaps be the pin-up boy of the Eurosceptic movement.

But just look around this chamber, this morning. Just look at these faces. Look at the fear. Look at the anger. Poor old Barroso here looks like he's seen a ghost.

They're begining to understand that the game is up and yet in their desperation to preserve their dream, they want to remove any remaining traces of democracy from the system. And it's pretty clear that none of you have learnt anything.

When you yourself, Mr van Rompuy, say that the euro has brought us stability. I suppose I could applaud you for having a sense of humour, but isn't this, really, just the bunker mentality?

Your fanaticism is out in the open. You talked about the fact that it was a lie to believe that the nation state could exist in the 21st Century globalised world. Well, that may be true in the case of Belgium, who haven't had a government for six months, but for the rest of us, right across every member state in this Union - and perhaps this is why we see the fear in the faces - increasingly people are saying, 'We don't want that flag. We don't want the anthem. We don't want this political class. We want the whole thing consigned to the dustbin of history.'

And we had the Greek tragedy earlier on this year, and now we have this situation in Ireland. Now I know that the stupidity and greed of Irish politicians has a lot to do with this. They should never ever have joined the euro. They suffered with low interest rates, a false boom and a massive bust.

But look at your response to them. What they're being told, as their government is collapsing, is that it would be inappropriate for them to have a general election. In fact Commissioner Rehn here said they had to agree their budget first before they'd be allowed to have a general election.

Just who the hell do you think you people are?

You are very very dangerous people, indeed. Your obsession with creating this Euro state means that you're happy to destroy democracy. You appear to be happy for millions and millions of people to be unemployed and to be poor. Untold millions must suffer so that your Euro dream can continue.

Well it won't work. Because it's Portugal next, with their debt levels of 325% of GDP, they're the next ones on the list, and after that I suspect it will be Spain. And the bailout for Spain would be seven times the size of Ireland's and at that moment all of the bailout money has gone - there won't be anymore.

But it is even more serious than economics. Because if you rob people of their identity. If you rob them of their emocracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that really happens.

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Portuguese Finance Minister Fernando Teixeira dos Santos said European Union governments can’t impose a bailout on his country even as speculation mounts that Portugal will eventually have to ask for one.

There are those who think that the best way to preserve the stability of the euro is to push and force the countries that at this moment have been more under the floodlight to that aid,” Teixeira dos Santos told Jornal de Noticias in an interview. The comments, made yesterday, were confirmed by the finance ministry. “But that is not the vision or the political option of the countries that are involved.” 

To me, it seems some are coming out and saying the Bankers are doing all they can to make countries indebted to them.  Does that mean, afterward the bankers then own the people and policy of the country? 

But IMO the bankers run the governments now, except there are a few who are being Brave to stand up and say what the Truth is!  I hope more have the guts to tell the people what is really going on.  

"The Truth Will Set you Free" 

_________________________________________________________________________

The Irish People due to the Forced Bailout of their country have to take a 1 Euro CUT per hour of their Minimum Wage!  How unbelievable and Outrageous! 

All over the world the Bankers are being FED and given BILLIONS/TRILLIONS of Paper Money and the people are being thrown out as Trash and Slaves of the Banks!  So now the people of Ireland will be suffering in Huge ways, due to the BANKS of their Country getting Money!  Can everyone see what is really happening here?  I sincerely hope the Bank Run Day of December 7th 2010 has some sort of effect.  


Portions of article:

The government was forced into cutting the minimum wage by the European Commission, according to the leader of the Green Party .

The rate is to be cut by one euro an hour under the four year €15bn austerity plan published by the government on Wednesday.

Criticising Fine Gael's vow to reverse the cut, Mr Gormley told the Dáil that the pledge was "completely nonsensical because this was the first demand of Olli Rehn and others that this had to be in the plan."

The Department of Finance has denied Mr Gormley's claim, maintaining that the commission did not have prior sight of the plan or make demands of it.

In a statement, the department said: "The EU/IMF/ECB saw an outline of the plan over the weekend and indicated their broad approval.