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Tuesday, November 30, 2010

The Pension/Retirement Account Grab

I did a post a day or so ago about how Argentina and Hungary were taking over private citizens retirement accounts and had thought, they were the only ones.  It seems this is a theme that is  spreading/gaining momentum.  France taken over retirement accounts of their people and Ireland has done the same.  The Polish government denied planning to do so to their citizens after those plans were leaked.  Rumors have floated to the effect that the U.S. is looking at this possibility and converting 401k's into government annuities (Not confirmed).  Here are the links to the articles per country.


Another article entitled "The Global Pension Grab" goes over each one briefly for more of an overview.  This is disturbing trend and one that we don't want in the United States.

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