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Retirement Accounts Lost $2 TRILLION

Retirement Accounts Lost $2 TRILLION

By JULIE HIRSCHFELD DAVIS, Associated Press Writer
29 minutes ago

WASHINGTON – Americans’ retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value — Congress’ top budget analyst estimated Tuesday as lawmakers began investigating how turmoil in the financial industry is whittling away workers’ nest eggs.

The upheaval that has engulfed financial firms and sent the stock market plummeting is also devastating people’s savings, forcing families to hold off on major purchases and even delay retirement, Peter Orszag, the head of the Congressional Budget Office, told the House Education and Labor Committee.

Article HERE

Dov Zackheim is another jew who magically disappeared two trillion dollars just a couple weeks before the attack of 911. Amazing how fast everyone forgot about that little accounting slip up so quick.

Retirees to be won’t have anything to retire on, but why is that? Judicial Inc has some great articles about how the economic swindle works when it comes to 401k’s, pensions, and other investments HERE, HERE, and HERE. There are numerous other articles there and all across the web detailing how the financial scam works, and how you are losing your retirement funds, but this article reminded me of something else.

This isn’t the first time the US has lost $2 TRILLION. As a matter of a fact, September 10, 2001, one day before the attacks of 911, government officials were reporting the loss of $2 trillion of tax payer’s money that they magically couldn’t account for. No word where that money went. These fools some of you call leaders, couldn’t account for $2 trillion of your money! How we can expect them to be able to solve a financial crisis when they lose, literally, MOUNTAINS of money?

Anyone who’s ever done any accounting whether it be for a private business, balancing your check book, or auditing funds for a major corporation knows that an accountants job often boils down to CHASING ONE PENNY! Sometimes it’s a transposed number in the calculations, or even just a missing digit, but even a half way competent accountant WILL FIND that lost penny. As a former auditor for a five star hotel, and as a former business owner, I know the trials one can go through chasing a single penny. So how is it these Harvard and Yale graduates can lose $2 trillion? I’ll tell you. It wasn’t “lost” it was STOLEN, just like what we are seeing now with the bail out. Except this time, it’s a blatant, publicized theft.

VIDEO – $2.3 Trillion $$ of tax payer’s money missing.

Another video.

To top it off, here goes Wall Street FLOUNDERING after the bail out. Another 500 point loss today. THIEVES. Article HERE.

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