The Great American Do-It-Yourself Retirement Fraud, Brought to You By Big Finance & Co.

[Egalitarian Thug]

23. Clearly, you don't understand how it really works either, and the worst part is that you probably

won't until it is too late. The slow erosion of the pension system, literally converting ownership from those who paid into it to those who employ them, created the environment wherein it became possible to push the so-called self-directed retirement plans onto an unsophisticated and unprepared public.

The bottom line and sole purpose of this scam is to force virtually every working person in America into the Wall Street casino, and by removing all guarantees or accountability for performance, inevitably led to the wholesale pillage of the working class by the parasite class. Even if the system worked exactly as it was sold, it culls 5% - 20% of every generation, leaving them destitute after a lifetime's work.

That's the price that must be paid in order to feed the insatiable appetite for more that defines the so-called financial industry.