There is a recurring theme among ALL Governments. In hillbilly it goes like this: "All your money is belong to us!"
- Or, as our IRS is fond of saying: "Just try not to think of it as YOUR money."
HUNGARY, following ARGENTINA's example, is clawing-back private pension funds into the State system.
IRELAND announced last week that it would use the country's National Pensions Reserve Fund "to support the exchequer's funding programme."
The FRENCH Parliament passed a law last week to use the assets of the FFR (the French Reserve Pension Fund) to pay off the current debts of France's welfare system. These funds have already been transferred into the State's social debt fund.
The U.S. Congress has been discussing ways to nationalise (confiscate) private 401K's and IRA's.
See a pattern here? There is an increasing willingness by insolvent Governments to use your (long term) assets to fill their (short term) deficits.
- If you are looking forward to a State pension (Social Security) you may be disappointed. The State will take care of itself before it will take care of you. You can absolutely trust Government to "mug" you for your money before it does without.
So many politicians, so few lamp posts.....
Wednesday, 1 December 2010
Whose money is it?...........from Rico
Subscribe to:
Post Comments (Atom)
1 comment:
Yeah, right, sure, Emperor Zero, you go ahead and try to steal people's retirement accounts. See how quickly you get impeached on any one of the hundreds of illegal things you've already done that congress is currently ignoring. Any Congress person who wants to ever get reelected from either party will vote for impeachment faster than you can blink. Go ahead, make our day.
Post a Comment