The Road to Hell
Obama 2.0 is about to begin and this time with a Vice-President who isn’t short on mistruths and radical extremism. Biden was a less than ideal Vice-President, but it seems even he has outdone himself with Vice-President Harris; and the road ahead will be a bumpy one.
Obama began his presidency with a world-wide apology tour for America’s shortcomings. Let’s hope Biden has enough hindsight to resist doing the same.
China
If Biden’s relations to China are any indication of what’s to come, we can be sure socialist policies will be front and center.
“We respect the choice of the American people,” said a foreign ministry spokesman, Wang Wenbin. “We congratulate Mr. Biden and Ms. Harris.”
It seems fitting a president eager to roll out socialist policies is close allies with communist China. The country responsible for the global lockdown and crashing of the world economies, including our own.
A country currently running concentration camps within its borders and who’s seeing a booming economy while the rest of the world sleeps.
Socialist Policies: The Green New Deal
Masked as an attempt to combat the “climate crisis” (their words), the Democrats, most notably AOC, introduced the Green New Deal. A plan that guarantees the rollout of socialist policies, an increase in government overreach and limiting of individual freedoms.
With unrealistic time frames for zeroing our emissions by 2030, to no mention of nuclear power, to completely unrelated prescriptions such as free college and a job guarantee, the plan is both nonsensical and deeply disturbing.
Does Biden support the Green New Deal? Yes, he does. He’s endorsed it in every way, except by name which will likely be along soon.
Taxes
During his campaign presidential candidate, Mr. Biden proposed raising taxes on corporations and high-income households. This will reverse parts of the 2017 Republican tax cuts by the Trump administration.
“Biden did win after campaigning on raising taxes on corporations and raising taxes on the rich.”
The likely result: Up to $2 trillion worth of tax increases over the next decade, says Donald Schneider, an economist and former House Republican aide at advisory firm Cornerstone Macro.
Specifically for corporations, Biden plans to raise the tax rate from 21% to 28%, impose a minimum tax on companies with lower effective tax rates and increase taxes on U.S. Households earning more than $400,000, raising the rate to 39.6% from 37%.
401(k)s & Retirement Accounts
In 2016 the SEC passed what is known as the Money Market Reform Act which aimed to enhance the stability of money market funds and to reduce investor risks.
As a means of preventing a run on a fund, the regulations require money market fund providers to institute liquidity fees and suspension gates.
In laymen’s terms, Obama ushered in an act that allows banks and financial institutions to freeze your savings and retirement accounts without your permission and even in defiance of it.
This means, in the face of a liquidity crisis or bank run, your banks or financial institutions can hold your funds indefinitely.
If you still have your nest egg or life’s savings within the walls of these institutions, we urge you to rethink your decision. You do not control your money, even though you may think you do.
If you want advice on how to open a self-directed IRA so you, and only you, control your money and financial future fully, download our guides below. Or click the “call now” button at the top of this page.
The Globalist Agenda
Few believe this was a free and fair election however, Biden will be taking office in January and his policies will soon reign.
Obama and Biden are dear friends of the globalists and their agenda, including China. They aim to usher in a one-world government and roll out the World Economic Forums globalist plan also known as The Great Reset.
The Great Reset aims to control the world through a unified one-world government stating, “you’ll own nothing and be happy.”
If you feel you’re in an Orwellian novel, it may be so. With limited individual freedom and the government owning everything, it seems Biden will do his best to ensure America and the world are a socialist’s heaven.
What can you do to prepare? Get your money out from under the crushing thumb of big banks and government control. While you still can, ensure your money is controlled by you and you alone. If your money is in a bank or financial institution, you do not control it. They do. Download our guides below for more information or call us by clicking the “call now” button at the top of the page.
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