Legally, of course. Also your IRA. By the biggest crook of them all, the Federal Government.

You have not heard about this yet. It will soon be presented as a way to “protect your investments” from the “evil Wall Street bankers”. Wait ‘til you see who is going to manage it and you will want those evil bankers to have your money back. Let’s look.

You know about the trillions Obama is spending and planning to spend. Congress needs money. They have 2 ways to get it. Print it out of thin air as the Federal Reserve does every day and taxes which you know are on an upward spiral.

There is one more way. Borrow it. That is what our government has been doing. They are selling Treasury bonds that you and I, foreign investors and foreign governments have been buying. The biggest buyer has been China, but China now realizes our ability to pay back that debt is in question and have slowed their purchase of Treasury bonds

Remember Social Security and the mythical Trust Fund. Congress has been spending all that money we have been paying into it every year and giving us something like a promissory note – a Treasury bond.

If your neighbor borrowed part of your paycheck every week and wrote you out a slip of paper saying he would pay it back later I wonder how long you would keep giving him money. He is a nice guy and told you it was guaranteed because he calls it a trust fund.

This is the proposed 401(K)IRA de-privatization plan that is very similar to the Social Security scam. They will pool all our retirement money, “invest” it, and as Congress needs it they will write new pieces of paper called Treasury bonds and take money out of the pool.

This is how the shortfall of Treasuries of what China and other foreign countries have been buying is going to be made up.

They will claim it will pay out more than it will take in. Probably as good a claim as adding 20 million new people to the health care system and have it cost less. Who does these numbers?

Now let me make you feel really “safe”. Your money is going to be managed by AIG. Yes the same AIG (American Insurance Group) that went broke and got bailed out for $180 billion that has not been repaid.

How can they do this? Write a new law like the health care bill or even more stealthily make new regulations that will force money into the nationalized investment plan? It will have a fancy sounding name to hide its true purpose.

It is doubtful your Congressman or Senator knows about this as it has been kept very quiet. You will want to tell him how much you like it.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know. Copyright 2010 Williamsburg Investment Co. All rights reserved.