Wednesday, August 27, 2014

How Safe Are Your Retirement Funds ???

This report deals mainly with the possible confiscation of privately owned gold in the US, but it also makes the following prediction about retirement funds in general:

... if and when an executive order is issued to convert a portion of your retirement savings into unwanted Treasury securities, it will likely apply only to the most susceptible retirement assets—those being accounts with the large, traditional IRA custodians. These assets are soft targets for the government. They could be frozen, confiscated, or nationalized at the flip of a switch.

http://www.zerohedge.com/news/2014-08-27/what-next-gold-confiscation-will-look

Make no mistake, sooner or later the US government will come after these funds. And considering how many things Obama ad-Dajjal now thinks he can do by executive order, it's quite likely this is the way it will go down.

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