Gold 401K

Are our IRAs safe from confiscation in an Obama administration?

Before you dems get too riled up, consider: FDR confiscated gold during the depression. He paid people with US dollars, which he promptly devalued:

Yes. FDR’s New Deal also instituted agencies like the FDIC which prevents the runs on banks that occurred in the Great Depression. People lost their entire life savings that they thought were safely deposited in banks.

Before you create negative and absurd scenarios, perhaps you look at what was done by FDR to restore confidence in the financial institutions and in the country during this country’s worst economic crisis. The people who were chanting deregulation up until a short while ago helped contribute to our current dire economic situation by removing some of those safeguards that were put in place by FDR.

Tim Wokan pres Elastika Gold vol.2 – Ira (The Saint Version) 2004