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54 Congressmen Pull Money From U.S. Banking System

Why are these prominent U.S. Congressmen (and women) pulling their money out of financial institutions such as Citibank, Bank of America, and JP Morgan Chase? The answer reveals consequences for retirees and anyone with money invested in the United States.

(PBRG)—Matt Cartwright, Representative for Pennsylvania’s 17th district, appeared on CNN recently.

He said he was “optimistic” about America’s financial future… and went on to say, “now is not the time to get scared.”


Sen. Matt Cartwright, just one of many Americans now taking advantage of a little-known “retirement safe haven”

Yet, records show he has discreetly moved as much as to $50,000 of his own money off the financial grid.

New research from the Palm Beach Research Group reveals that it’s not just Sen. Cartwright. So far, researchers have identified a total of 54 congressmen (and women) who are moving money into a retirement safe haven few outsiders know of.

According to their research, government officials have already taken an estimated $6,605,000 “off the financial grid.”

But it’s not just congressmen.

Over 2,300 regular Americans are reportedly moving substantial amounts of money here.

From everyday factory workers—like 43-year-old Kyle Jackson, who has been moving $7,000 of his savings every month into this account—to many of the largest Fortune 500 companies in America, such as Wal-Mart, Comcast, Disney, Johnson & Johnson, Verizon, and Harley Davidson.

Even the country’s biggest banks are moving huge amounts of their own cash here, rather than keeping it in their own accounts.

The Palm Beach Research Group claims this financial exodus is part of an even larger ($12.8 trillion) transfer of wealth taking place in America right now.

Citing tax-free returns more than 100 times what they’d earn from banks, and the safety of having money outside the stock market. This is one financial vehicle that seems almost “too good to be true.”

If you are retired, or hope to retire in the near future… You need to see this, the inside story on what one economist calls:

“The Best-Kept Secret in the Financial World.”

Click here for the full story

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