Recently a friend of mine wanted to move some of her 401k savings into other higher-growth vehicles (like cryptocurrencies). Like many people, we assumed that this was just a matter of paying a high penalty of 30-35% in order to get the funds before she gets older. Unfortunately this is not the case.
The 401k plan that her employer requires makes it impossible to remove her savings unless she demonstrates a financial hardship or medical expenses. Otherwise, the only way she can get it out is if she leaves her current job.
Her employer never matched any funds going into this account. This was her own money, part of her own wages going into it. It's totally locked down.
We are in a system that enslaves people. This system wants to prevent individuals from removing their own hard-earned money because they use that money from the masses to stabilize the too-big-to-fail banks.
Further, to throw more salt into her wounds, they are offering her a loan (debt) against her own money at 5%. That's right. You can't have your money but we will lend it to you and require that you pay yourself back 5% every month. This guarantees that the system stays stable while individuals continue to be slaves for that system - even if they are a slave to their own money. Indebtedness is slavery.
This is why cryptocurrencies exist. Not to be another tool for banks to enslave via custody of your coins, but to replace these fuckers for good.
The next time you think about buying central-bank owned cryptocurrencies like Blockstream's BTC, Ripple or anything else central-banks fund, keep in mind that they mean to crack the whip, not to make you rich.
Up to this point, Bitcoin Cash is the only global peer-to-peer electronic cash system that has withstood attack after attack from central banks.
Power to the people.
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source https://www.reddit.com/r/btc/comments/a19g7l/the_current_system_is_so_deeply_flawed_that_the/
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