Monday, March 10, 2014

Pension Plans possibly at Risk of confiscation

The EU banking authorities have already made it possible for the governments to take peoples bank accounts.

The Federal Reserve has also made it possible in their regulation, in a desperate situation, they too will confiscate money from peoples banks account to save the Banks. They have decided the Banks are more important than the individuals and their money. 

Its happened in Poland. Poland has already confiscated some of their Pension plans. Other countries are preparing to confiscate pension plans. So its certainly going to happen in the US. Theres been bills introduced in congress. In 1930's they confiscated peoples Gold. This time they will confiscate pension plans. Theres a lot more money in pension plans than gold. 

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.