Are the Banks, Wall Street and the Federal Government colluding together?
If you don’t think that is possible, then read no further. A few years ago when we started looking at 401k and IRA accounts from a purely behavioral perspective, a triangle of collusion suddenly appeared. If you think about it, there is no reason to doubt it, given everything we know about Government’s real intentions.
Is it possible that Wall Street has influenced the tax laws to lure Americans into a retirement savings plan?
If this is true, the implications are enormous. With the repeal of Glass-Stegall in 2000 allowing banks to offer mutual funds that Americans invest their 401k plans in, this video shows how profitable 401k plans are to the banks.
By tying money up in the retirement accounts, Wall Street makes money on both sides of the deal. The skimming of fees in the retirement accounts, and the interest one must pay because all of their money has been lured into the 410k.
The final blow to Americans and their retirement savings is the mystery of the taxes.
“How did American’s plan their finances before IRAs and 401k plans existed anyway?
They paid their taxes at some of the highest rates in history, and the lessons of the depression motivated them to pay down their debt.
Triangle of Confiscation or Something Else?