Real Money: Along with your guns and more of your income through taxes, there’s something else of yours that the Obama administration would like to have: your 401(k) funds. The more the federal government’s self-imposed fiscal straitjacket tightens, the more speculation grows that it will force your retirement investments into U.S. Treasury bonds, effectively nationalizing your nest egg.
“That’s one of the things we’ve been exploring and are interested in, in terms of whether and what authority we have,” said Richard Cordray, director of the U.S. Consumer Financial Protection Bureau, in a recent interview, according to a new blog post on the Washington TimesCommunities section.
More...click the link above
This really is a risk as things deteriorate further and further, but for sure if the government tried to steal everyone's 401k, there would be shooting and blood.
ReplyDeleteI really doubt there would be anything more than a bunch of whimpering from the American pussies. They are too busy wondering who's going to be the next american idol, or if the kardashians really do like making out with black guys only...........
ReplyDeleteI'm afraid Jimb is right, the sheeple won't even notice and those that do will just say aw shit.
ReplyDelete