“Cradle to Grave” Financial Environments - The Del Walmsley Show

“But what they’re really saying is all of you guys that are smart enough to have your own money, we want it now, and we’re going to control you to where you can’t get it.

You’ll see you can’t get your money, and you’ll be so scared that you’re going to want to be in the government program. ”

Cradle to Grave

Well, my friends, you know you have to laugh or cry or something if you actually are paying attention to what’s happening in this country right now. If you’re reading the newspapers or covering the news—and not getting it from one of the major news agencies—just follow what’s really going on, you’ve got to be almost frightened to death right now.

I cannot believe that our government—no, not our government. I believe our government did everything they could to us. But I cannot believe our people are allowing the government to totally and completely take away all their rights financially. They are creating a cradle-to-grave environment where the government will take care of you from cradle to grave with everything from welfare to health care to this and that.

What happened today is I got another email that you can see them closing in the doors around us cutting off every last possible breath we could have of freedom. They’ve just passed a new law — my gosh, SEC did what’s called Zero Hedge plan. What this means is that right now passed on a 4-to-1 vote the SEC has made it possible for Money Market Funds to not pay out their money.

Zero Hedge Plan

Let me read this to you. Says, “Zero Hedge discussed a month ago the disastrous prospects of what would happen if the new proposal contemplated by the SEC, which would allow the suspension of redemptions from Money Market Funds, were to pass.

“Well, in a nearly unanimous vote, Money Market Funds now have the ability to suspend redemptions, courtesy of the SEC’s just passed 4-to-1 vote. This explains the negative rate on bills: at this point, should there be another meltdown, money market investors will not, repeat not, be able to withdraw their money purely on the whim of Mary Schapiro. As the SEC noted.”

And I don’t even know who Mary Schapiro is. It goes on and says, “We understand that suspending redemptions may impose hardships on investors who rely on their ability to redeem shares.”

Forced Annuities

Too bad investors because hardships and considerations will end up in the hands of the government and are completely irrelevant to the private citizen. Can you imagine that, my friends? Can you imagine that? See what this is all part of that big plan Obama has that some guy sent me an email that said it had nothing to do with Obama and the democrats.

But they had this giant plan of forcing us into annuities, and sure enough—you know, the bottom line is if you can still be safe and have your money out there in a money market account and you can get it, but the guys who put it into the annuities that these guys want you to put it into cannot get their money back out, then nobody’s going to want to put their money into annuities.

So what they’re doing right now is they’re saying you’re going to automatically be enrolled into an annuity whether you like it or not, and to get out you have to opt out. If you don’t like it after two years you can opt out.

But what they’re really saying is all of you guys that are smart enough to have your own money, we want it now, and we’re going to control you to where you can’t get it. And all we’ll do is we’ll crush the banking system one more time. You’ll see you can’t get your money, and you’ll be so scared that you’re going to want to be in the government program.

Polluted Information

And you’ll immediately want to admit that you know nothing, you’re weak and that you need to be taken care of by the government. This is just disgusting, my friends. I do not know how we as a country, we as free individuals can let these people with this polluted information come and destroy our lives.

Quite honestly I’m going to be getting with my financial advisers and thinking seriously about taking out millions of dollars and paying off mortgages so at least they can’t get my money.

Of course they can find some other way to rob me. They can take my real estate if they really want to. But they’ll figure out ways to make sure we can’t have retirement plans of any kind that we own and control ourselves so that we’re forced to go into this annuity-based plan.

Please watch this very carefully because I hate being right – and I’m always right when it comes to this kind of stuff – but I’ve never been wrong. These guys have got a plan; they’ve got an agenda. It’s so obvious it’s pitiful.

Freedom

I’m looking at a picture of Obama right now with a very, very mad look on his face saying, “Somebody has to pay.” Who’s paying? We are. We’re getting our butts kicked because of this guy and his staff. These guys have got to go, folks.

I’ve never been political in my life. I’m not left wing or right wing or any wing. I’m just a normal person that realizes these guys are trying to take away the last of our freedom. They’re trying to destroy us—all of us. It’s just amazing what they’re going to do to you.

There’s a lot of stuff going on in the news. We’ve got all that IRA stuff—just got rid of two or three of these emails. The money market thing’s freaky. Suspended redemptions. Can you imagine?

You have hundreds of thousands or millions in a money market account and they go we’re not giving it to you. I know you own it, but we’re not giving it to you. That’s okay. SEC says we don’t have to. How can the SEC vote to say they don’t have to give us our money? I thought it was government insured.

Government Insurance

Where’s all that government insurance at now? Or is that really the truth that the government insurance plan doesn’t work? They don’t have enough money to be able to do it and so they’re going to do it this way. We don’t have the government-insured money. They can’t pull out. We’ll just let the institution die and blame it on them.

Good news. The FHA flips its anti-flipping rule. The Federal Housing Administration, FHA, yesterday relaxed what was known as the anti-flipping rule. FHA now provides mortgage insurance for some purchases in which the seller bought the property and held it for fewer than 90 days.

The change was made to speed up the sales of renovated homes in communities with too many bank owned and foreclosed homes, said FHA Commissioner David Stevens. The concept being that FHA didn’t want—again, the entrepreneur, the rich person to make any money and so they said you can’t flip homes, can’t make money, can’t go into a subdivision where the subdivision is blighted.

You can’t go in there and take torn up homes and fix them up and turn around and sell them for what they’re really worth. We don’t want you to do that. Well, as usual their ideas are always bad and they finally realized that what they were doing is freezing subdivisions into poverty and destruction and mayhem because nobody could fix these properties and sell them.

People that did try to do it had to hold onto them for at least 90 days during which time vandalism would occur, their insurance would run out, et cetera, et cetera, et cetera. So it was just one of those things again where the government figured out it didn’t have any idea what it was doing and was doing the wrong stuff.

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