401k? Bankers are stealing 150k in fees from you

Discussion in 'Financial Cents' started by fl4848, Sep 7, 2023.


  1. fl4848

    fl4848 Monkey+

    Every American with a 401k needs to watch this video. It gets interesting around 20 mins in.

    The Retirement Gamble | FRONTLINE

    The banksters are stealing your retirement funds. You will likely not be able to retire if you have a 401k. You'll realize this in 10 to 20 years, when it's too late.

    Please watch this video and spread it as far as you can.
     
    duane likes this.
  2. Idahoser

    Idahoser Monkey+++ Founding Member

    gov't funded PBS complaining about theft huh
    I've known for a decade there would be a way to steal all that retirement from the boomers, just didn't know what mechanism would be used. Inflation seems to be the way, and I wouldn't put bankers at the top of who benefits from inflation.
     
    fl4848 and duane like this.
  3. Wildbilly

    Wildbilly Monkey+++

    Yeah, I can't believe that the Federal Government hasn't seized all of that money for the common good! :eek:Imagine all of the social programs that they could fund! o_O Free college for all! :rolleyes: Why should a few have millions of dollars in retirement, when the government could spread the wealth around so that it would benefit everyone? :(
    Hopefully, they won't read this post! :unsure:
     
    fl4848 and CraftyMofo like this.
  4. Tempstar

    Tempstar Monkey+++

    Not even half of the banking game. Think about your debit or credit card. Every time you use one the bank takes 3-6%. So if you buy from a small merchant with one they pay that %. Then when they pay their suppliers with a card, the banks rake in another %. Then they make fees for this and fees for that. The banking industry skims probably 25 cents or more from every dollar in this country.
     
    fl4848, Kamp Krap and duane like this.
  5. fl4848

    fl4848 Monkey+

    And then the biggest part of the scam is that..... They don't even need to do that! They have a printing machine, so they can print however much money they want. So then we have to ask, why are they stealing our money if they don't need it?
     
  6. oil pan 4

    oil pan 4 Monkey+++

    Well we are getting into the the time of year where precious metals prices slump.
    Remember...
    20200912_083757.
    Late August and September are normally sales slumps.
     
    Last edited: Sep 8, 2023
    CraftyMofo likes this.
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