Pension Funds underwater throughout U.S., Why aren't they buying Physical Silver (151% increase in one year)?

When I read articles as Zerohedge has this morning, on how the Texas Teachers fund needing 21% return to have adequate funding.   

I wonder who the managers are and if they watch and read the same information as I do?  If they were really astute managers they would have already done what the University of Texas has done, which is buy physical metals, especially silver.

Silver in one years times has increased 151%, I do not know of another single investment that has had that type of return ever!

How can anyone argue against Silver and Gold as investments, though governments do.  In fact if you remember in February the Dutch Government made a pension fund sell all the gold it had as an investment for the people.

Governments do not appreciate regular people being protected in pensions for the future in real currency and not in their games (stocks, bonds, treasury bills) they have created and manipulate.

I believe everyone who has a group pension fund from the private to the public sector needs to request the managers start investing in metals!  It is the only investment that is real, stocks and bonds are being manipulated up whereas metals are being manipulated to keep them down.  So what makes sense is stocks and bonds can fall a long way from their manipulations and metals being suppressed down will be going up.

This morning April 20th 7:30am est - the Silver chart from Kitco looks like this:  ( one sec ago it had 151%)


Apr 20 2011 7:29AM NY Time

Bid/Ask	44.72		44.74
Low/High	44.13		44.83
Change	+0.76		+1.73%
30DayChg	+8.62		+23.88%
1YearChg	+26.90		+150.95%

Hungary is Following Argentina - Taking ALL PRIVATE IRA and Pension accounts to be Under Government Control! Don't think it will happen in the U.S.? The U.S. Govt. Has Already Discussed Taking Private IRAs/401Ks/Pension Plans and Putting them Under Government Control! It just hasn't happened Yet!

Hungary is Taking all of their Citizens Private Retirement and Pension Accounts to be used for the Government Debt.  They have had failed bond sales.  They are following what Argentina did in 2001, in taking their citizens private accounts.  Don't think it will happen in the U.S.?  Considering Congress has already had meetings on it,  the Fed is printing the money to buy the bonds..... IMO, it is just a matter of time.  But don't worry, it will be spun on all MSM that it will be a "Good thing" for the American People, because it will be a government guaranteed account.  (of course the U.S. government is good for it and handles money really well..... right?)

Hungary took the steps today without warning and announced they are taking all of their citizens IRA/Retirement/Pension accounts.  If the people do not opt into the government taking their account in full, then those people will LOSE 70% of the their Pension to the government of Hungary anyway!

Portion:

Hungary is giving its citizens an ultimatum: move your private-pension fund assets to the state or lose your state pension. 

Economy Minister Gyorgy Matolcsy announced the policy yesterday, escalating a government drive to bring 3 trillion forint ($14.6 billion) of privately managed pension assets under state control to reduce the budget deficit and public debt. Workers who opt against returning to the state system stand to lose 70 percent of their pension claim. 

“This is effectively a nationalization of private pension funds,” David Nemeth, an economist at ING Groep NV in Budapest, said in a phone interview. “It’s the nightmare scenario.”

Hungary, the most indebted eastern member of the EU, is following the example of Argentina, which in 2001 confiscated about $3.2 billion of pension savings before the country stopped servicing its debt. The government in Buenos Aires nationalized the $24 billion industry two years ago to compensate for falling tax revenue after a 2005 debt restructuring.

Will this eventually happen in the U.S.? If it does, I doubt there will be sufficient warning for everyone to liquidate their private retirement accounts before a grab is done.  The government can't say "We, are going to be doing this in 2 weeks from now".  Because there would be a run on the accounts and banks.  Just as the meeting they had was a quiet one in September and now the link to the government site about it, is not working.  When/if they decide to do it, I would expect it to be an immediate implementation of  policy, of course "for the betterment of the people", as we will be told.  I wonder how many people will agree with the Government controlling our retirement accounts would be better than being under our own control?  

UPDATE 11/29/10 - France and Ireland are Taking their People's Pension Funds now

JP Morgan has More Trust Issues with Funds - They Would Take Portions of Profits from Funds they Advised, BUT Never Participated in the Losses with Funds, when their Advice was NO Good!

Well, what do people expect from those large Wall Street Banks?  All of them on based on nothing but GREED!  Seems it is coming out that JP Morgan would take a portion of profits in funds and investments they advised clients on - BUT when it came to Losses those funds and clients took that Hit on their Own!

Portion:

JPMorgan Chase & Company has a proposition for the mutual funds and pension funds that oversee many Americans’ savings: Heads, we win together. Tails, you lose — alone. 

Here is the deal: Funds lend some of their stocks and bonds to Wall Street, in return for cash that banks like JPMorgan then invest. If the trades do well, the bank takes a cut of the profits. If the trades do poorly, the funds absorb all of the losses. 

The strategy is called securities lending, a practice that is thriving even though some investments linked to it were virtually wiped out during the financial panic of 2008. These trades were supposed to be safe enough to make a little extra money at little risk. 

JPMorgan customers, including public or corporate pension funds of I.B.M., New York State and the American Federation of Television and Radio Artists, ended up owing JPMorgan more than $500 million to cover the losses. But JPMorgan protected itself on some of these investments and kept millions of dollars in profit, before the trades went awry. 

So, it seems pensions and all who they have advised in investments, they have the winning card no matter what.  It is like playing Black Jack at a casino, no matter what the Dealer will Win and You will Lose.  Who knew the stock market was like a casino, no matter what the House ALWAYS WINS!  Besides they have all the politicians in their pockets too - So.... it is Always a Win, even if they have to change the laws to make sure they Win and Never Lose!

Oh my - Here comes the Investors and Pension Funds - NOT Happy! Invested in Fraudulent Mortgages From those BIG Wall Street Banks?! Underwriting FRAUD Also! Can We all Say "Attorneys are going to have a Field Day" with Wall Street!

This is going to be a Rabbit Hole that Does NOT End!  The amount of Class Actions coming from all of this... Well... It sure will be interesting.

I have to Say..................... I WONDER..... HOW MANY LARGE CLASS ACTION FIRMS ARE KICKING THEMSELVES NOW?  BECAUSE WHEN I WAS CALLING THEM ALL LAST YEAR AND THE BEGINNING OF THIS YEAR - NONE OF THEM WERE INTERESTED IN TAKING ON MERS! 

Imagine, if they would have LISTENED TO Me and Others!  They would be the FIRST in the door, right now and have the paperwork together!

Well, back to Now!  Seems Pension managers and Investors are None too Happy with Wall Street and the Fraud they have sold them in Trillions of Dollars!

I am sure many Class Action Firms are looking that this and are savoring the amount of litigation that will be coming from this MESS Wall Street has Created, All based on FRAUD!

Portion:

Pension funds and other investors who have suffered losses on mortgage-backed securities could have a "strong legal basis" to call into question the very securitized mortgages they purchased stakes in, increasing the pressure facing large Wall Street firms that packaged these securities during the housing boom, a prominent mortgage bond analyst said Thursday.

Wall Street firms have packaged and sold trillions of dollars in mortgage-linked securities this decade. But in their rush to push paper through various levels, from the firm giving homeowners a mortgage ultimately to the investor, shortcuts were likely taken due to the large volume at play. More than $4.4 trillion in mortgages not guaranteed by the federal government were bundled into securities and sold to investors from 2003 through 2007, according to Inside Mortgage Finance, a leading trade publication and data provider.

Here is a video about the Underwriting FRAUD PURPOSELY DONE BY THE WALL STREET BANKS AND SOLD TO PENSIONS AND INVESTORS!

Latest complete updates and past information - Everything About MERS and the Foreclosure Fraud - How to Fight a Foreclosure - At this Link!

Dylan Ratinger ON MSNBC is Excellent! Video about the Foreclosure Fraud and Pensions

Dylan Ratinger show on MSNBC had Representative Brad Miller from North Carolina. He said if there are fraud Mortgages then the banks need to buy those back from the U.S., due to TARP. If the mortgages are not what the banks claimed they were - then the banks have to take those back. He is also concerned about the pension funds that have mortgages in them.