You think not? If this administration can get regulatory control over the 401K Pension Funds, it will borrow against them just like Jimmy Hoffa did with the Teamster Pension Funds. And there is no stopping it, this side of armed revolt.
Look back to the history of the 20th Century, how fast things can change so badly with corrupt governments. Look at Europe in the Summer of 1914. Then Germany and Italy in 1923, the Germany in 1933, 1938, ....
Terrible things happen faster than we ever realize. Now we get the same event sequences of citizen control to turn us into subjects. Our own economic depression with 'crony paybacks,' nationalization of part of the automobile industry and banks, government control over health-care taking charge of one-sixth of the economy, then higher taxes to pay for wasteful payoff to an insidious and growing popular dependency, now a push for registration of all guns (ALWAYS the prelude to confiscation) and now rumbles of, in realty, nationalizing the private pension funds are textbook.
Historically these governmental intercessions have all been preludes to Totalitarian Government control. It happened in the most civilized of societies like Germany, Italy, Japan and Argentina. It happened in Serf and Cooley agrarian Kingdoms like Russia and China and it happened in Banana Republic throughout Central and South America.
It can happen anywhere! m/r
Katie Pavlich on Govt. Interested in More Control Over 401k Plans - Eric Bolling - 2-4-13 - YouTube
from yesterday
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