AGXIIK: FEDERAL TAKEOVER OF RETIREMENT PLANS IS COMING!
SilverDoctors.com
JANUARY 28, 2014
I’m going to clear the air on this matter. For over 2 years I’ve been writing about the impending federal takeovers of pension plans.
10 countries in the Europe and South America have engaged in pension theft, conversion or expropriation to fund government operations.
It is quite likely that we will see more of this theft in 2014, and before the financial crisis is over, probably from the TSP.
The brokerages will be completely compliant with these actions just like the Bail-in provisions signed by the FDIC, FED Bank of Canada and BOE, as was reported here on Silver Doctors in 2013.
Like Detroit with its complete expropriation of the $11,000,000,000 in pension plan funds, the Feds will use the $1.6 trillion in the TSP as they see fit. They are patterning this on Poland and the NDRP. Poland recently confiscated 28 billion in Euros to reduce their country debt to 56% of the GDP.
The government simply took the funds from the private and government pension plans WITHOUT ANY COMPENSATION.
Surely that could never happen here!
The Rest…HERE
