Bloomberg has reported that the US Consumer Financial
Protection Bureau is considering taking a role in managing the $19.4
Trillion in American’s retirement accounts.
Yes, you read that correctly, the government agency created in
2010 as part of Dodd-Frank is weighing ‘helping’ Americans manage their
retirement funds…naturally by protecting them with the safety and
security of Treasury bonds.
As we have been warning readers for nearly 2 years here at
SD, the coming risk of confiscation is not in your gold and silver
investments (the American public has nothing to confiscate), but in your
pension, 401k, and IRA retirement funds through forced allocations of
US Treasury paper.
Those who are unwilling to take the tax hit and get out of
Dodge in time will likely soon find themselves directly funding the US
ponzi scheme through their retirement funds.
[Read more...]
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