My RRSP's Are Cashed while I await a Market Melt down

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If you are a friend of mine you know I subscribe to just about everything to do with economics, politics and end time prophecy.

I also keep a sharp eye on what is happening with the growth of the E.U. and the creation of the new world order and the one world currency that is a mathematical certainty.

There is an overwhelming pattern of what everyone is saying who are professionals on what will happen to our market at anytime.

I don’t know if you saw 60 Minutes a few weeks ago about but the U.S. 401K system is almost completely wiped out. This is the equivalent to our RRSP system only ours is government supported but certainly not government guaranteed. Nothing is CDIC insured.

Millions of U.S. Citizens have lost their life savings as a result of their retirement funds being invested in the market. 50 and 60 year old “would be retired people” are going back to work as a result of losing their entire life savings. They have nothing. They only wished they cashed out sooner.

Now if you read the article below even if they want to cash out what’s left in their 401k they can’t or they are met with resistance.

401(k)s Hit by Withdrawal Freezes - WSJ.com

What happens in the U.S. will happen here
as our Canadian RRSPs and Mutual Funds are being invested in the same markets. I have personally cashed out all my RRSPs and Mutual funds. Mind you it’s not a lot of money, but I am cashed out. I made my request two weeks ago and I am still waiting.

All my research be it economical, or biblical is showing a complete collapse of the banking system as we know it. It’s being predicted on a global scale.

Don’t take my word for one second get on the net and do your own homework but do it fast. I don’t care if people call me crazy or roll their eyes.

If they are predicting this recession will be worse then the great depression and crash of 1927, why would anyone in their right mind stay in the market? The market crashed in the great depression and people lost everything in seconds they were completely wiped out.

I am suggesting that people take a chunk of their money out of their RRSP’s and either put it against your credit cards or your mortgage. Just pay off your “highest interest debt”. Keep it out of the bank pay off debt.

What is the difference if you’re being charged 19% to 28% on a credit card and your RRSP is making less than that? I am fully aware you will be taxed to death on the income when you cash out, but it’s better than loosing all or a big part in the market. Many have invested in mutual funds controlled by bank fund managers as to actually buying stock in companies.

If you do own stock in a company you might be able to salvage the ownership of that stock if that public company stays a float during the crash. But make no mistake, funds will crash and you will loose it all.

It is naive to think what is happening in the U.S. won’t happen here we are all participating in the same markets.

People made fun of me when I blogged for the past two years about a New Word Order headed by the European Union. Now the Obama administration is heading the way for the New Word Order just as I wrote it’s in Time Magazine. The word “New World Order” wasn’t even in the media till Obama came into office now the New World Order and the E.U. is on the news every single night.

A market crisis to implement the New World Order and a one world currency is exactly what the plan is under this new federation of nations.

The market won’t recover as a new banking system is being set up. I won’t be wrong, I might be a little late but I won’t be wrong.

It is impossible to warn people about this stuff without sounding like a complete lunatic. So go ahead and label me. Isn’t safe to have a back up plan just in case ??