I've been waiting for them to try this for years.
The pool of money in 401(k) and IRA accounts is ginormous. There's no way the looters in D.C. can avoid thinking and dreaming about such a treasure chest.
But they won't make their grab directly. That would draw too much heat.
Instead, they'll tack an amendment onto a "mom-and-apple-pie" type of bill, or a Defense appropriations bill, then we'll wake up one morning with the bill already signed and the trucks backing up to our financial institutions.
What do you think has been propping up the stock markets?
All they have to do to steal all that money is inflate and default the currency.
There’s no reason to take it through taxation or anything else that anyone understands.
then we’ll wake up one morning with the bill already signed and the trucks backing up to our financial institutions””
NO trucks needed——electronic transfers only will be done.
Argentina took over $69 BILLION just about 3 years ago. Electronically over a weekend.