Friday, January 3, 2014

Coming soon: The MOTHER of all rip-offs

The IMF predicts that a "savings tax" is all but inevitable. Read the entire article to see the details. It has a European slant, but the same principles apply to the US:

http://www.telegraph.co.uk/finance/financialcrisis/10548104/IMF-paper-warns-of-savings-tax-and-mass-write-offs-as-Wests-debt-hits-200-year-high.html

The policy is essentially a confiscation of savings, partly achieved by pushing up inflation while rigging the system to stop markets taking evasive action.

Can you say "bye-bye, retirement funds"?

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