In 2013, in a little-heralded case, the U.S. Court of Appeals for the Seventh Circuit rejected the Obama Labor Department’s attempt to punish voluntary retirement plan service providers. The DOL, under the direction of the controversial, radical leftist Tom Perez, had tried to force providers of 401(k), 403(b), IRA, and related services to adopt a massive new set of regulations known as “fidiculary” responsibilities.

The Seventh Circuit slammed the door shut on Labor and the Supreme Court thereafter declined to hear the appeal, which meant that the Obama administration had lost in the highest court in the land.

Of course for the “most transparent administration ever”, that step simply meant that the court’s opinion was to be rejected and that Obama would use his infamous pen to rule by executive fiat. After all, the ends justify the means, correct?

On August 24th, Perez and the Labor Department confirmed they are moving forward with new regulations that would repudiate the court’s opinion. Even Obama’s SEC Commissioner issued an ominous warning that the Labor Department’s new regulations would unleash havoc and create “a mess.”

Furthermore, financial services experts have cautioned that the new rule is “too complicated to [actually] put into practice.”

Earlier this month, the Labor Department held public hearings to discuss the input and concerns they have received from industry groups and other stakeholders that will be impacted by the department’s proposal to expand the definition of “fiduciary” under ERISA … In the debate over the DOL’s proposal — which, as written, [will] create a vast and costly new regulatory regime for independent firms and advisers across the country…

Barack Obama and Tom Perez don’t care about all of that. They’re on a mission to seize your retirement funds:

Labor Department officials are determined to produce a new standard of fiduciary duty for anyone giving retirement investment advice, once they process concerns raised in thousands of comment letters and four days of hearings on their proposal.

A SIMPLE PLAN

Like Obamacare, the idea is to drive small- and mid-size service providers out of the retirement business by ensuring that the costs of complying with regulations are unaffordable. And, to ensure a Republican president can’t easily unwind the Rube Goldberg machinery, the Labor Department has also promised an impossible eight month implementation timeline. Most providers believe it will take three years to follow all of the byzantine rules and regulations.

Their intent, in my view, is to force a consolidation of the retirement service industry, just as Obamacare drove mergers and acquisitions in the health care business, leaving only gigantic corporations in its wake. These companies have become intertwined and dependent upon legislators and lobbyists in Washington. They can’t make a move without the permission of the federal leviathan.

Many Democrats are open about the true goal of Obamacare: to end up with a single-payer health care system, modeled after the National Health Service in the U.K. You know, the system that was reported to have killed 120,000 seniors in 2012 alone.

SETTING THEIR SIGHTS ON TRILLIONS OF YOUR RETIREMENT DOLLARS

The Obama administration has its sights set on an incredible amount of your money. By some estimates, Americans are holding well over $10 trillion in private retirement accounts.

For a country with debt that is clearly “unsustainable” (source: the non-partisan Congressional Budget Office), that amount of money is akin to showing a kilo of heroin to a desperate junkie.

THE GOAL: FINANCIAL REPRESSION

One of the first steps the Obama administration took to signal its direction was to unveil its wildly unsuccessful “MyRA” program. This takes participants’ funds and invests them in “ultra-safe”, government-issued debt.

You can be sure that the future of the retirement services business will be to extend “fiduciary” responsibilities to require advisors to leverage federal debt instruments in their clients’ portfolios.

This is called “financial repression”, and it is the hallmark of a government on its way to bankruptcy. Essentially, a failing government forces investors to purchase its debt because it knows damn well that the instruments will ultimately never be repaid.

Argentina and other failed countries have embarked upon this strategy prior to a full-blown currency collapse.

You can be sure that the real goal of the Obama administration is to nationalize your retirement account and to invest it in debt that will become increasingly unsellable in the open market.

If you want to maintain control of your retirement funds, I’d recommend contacting your member of Congress today. Urge them to defund the Department of Labor until this rule is nuked from orbit. (Re-posted with permission, “IF YOU LIKE YOUR 401(K), YOU CAN KEEP YOUR 401(K): Obama Labor Dept. Sets Stage for Nationalizing Retirement Accounts” originally appeared HERE)

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A top police official has issued a stark warning about President Barack Obama’s recent presidential pardons: America will pay “with blood and tears.”

Obama pardoned 46 prisoners last month, forgiving a slew of drug and weapons charges. Jon Adler, National President of the Federal Law Enforcement Officers Association, recently published a scathing editorial in Police Magazine lambasting the decision.

Adler argues that drug trafficking by its very nature is a violent enterprise, from overdoses to crimes committed to pay for drug addictions to territorial battles between dealers.

“So how would the president resolve an over-crowding problem at a zoo?” Adler writes. “With limited space, rising labor, and lodging costs, which animals would the president let go? Using the president’s methodology, the lions would likely be set free. Why? They eat the most food and therefore cost the most to maintain. During the 10 years of their captivity, they haven’t eaten anyone or attacked their handlers. They have no known affiliation to any violent lion groups. They are totally safe to release into the public.” (Read more from “Top Cop: America Will Pay for Obama’s Pardons With ‘Blood and Tears'” HERE)

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Victims of President Obama’s bird genocide won a crucial victory earlier this month when a federal judge struck down an Obama administration rule that would allow certain green energy producers to murder bald eagles with impunity for up to 30 years:

The express purpose of the 30-Year Rule was to facilitate the development of renewable wind energy, since renewable developers had voiced a need for longer-term permits to provide more certainty for project financing.

The Fish and Wildlife Service (FWS) issued the 30-Year Rule without preparing either an Environmental Assessment (EA) or an Environmental Impact Statement (EIS) under the National Environmental Policy Act (NEPA); instead, the FWS determined that the 30-Year Rule was categorically exempt. In overturning the rule, the court found that the FWS had not shown an adequate basis in the administrative record for its decision not to prepare an EIS or EA and therefore failed to comply with NEPA’s procedural requirements.

In other words, the administration was trying to save the environment by letting approved energy producers murder birds, but didn’t bother studying whether avian genocide was good for the environment. Like Hillary with her private email server, the agency “didn’t really think it through.” Of course, this shouldn’t take away from the fact that the EPA is valuable federal agency that does a lot of great things. (Read more from “Genocide on Hold: Victims of the Obama Bird Slaughter Score Key Victory in Court” HERE)

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