Confiscation of Private Retirement Accounts: US Department

September 8, 2010 § Leave a comment

September 7, 2010 by ppjg | Edit 09 06 10 Confiscation of Private Retirement Accounts By Patrick A. Heller on September 1st, 2010 “The US government plan is to eventually take ownership of all assets in IRAs and 401K accounts and replace them with US government “Treasury Retirement Bonds ___________________________________________ On August 26, the US Department of Labor issued a news release: It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.” The hearings are being conducted by the Labor Department’s Employee Benefits Security Administration. I don’t like speaking in tabloid-style terms, but the unstated agenda of these hearings, as I understand it, is to push for the US government to eventually nationalize (confiscate) all assets in private Individual Retirement Accounts (IRAs) and 401K plans! The US government is despera 
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