The Countdown To The Nationalization Of Retirement Savings Has Begun

Wednesday, February 5, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/05/2014

Even before the new myRA program was announced, there had been whispers about the need for the US government to assume some risk for US retirement accounts. That’s code for forced conversion of private retirement assets into government bonds. As bad as it is to deceive na├»ve Americans into trading their hard-earned retirement savings for garbage (i.e., Treasury securities), the myRA program potentially represents something far worse… the first step toward the nationalization of existing private retirement accounts.

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