What I have long feared and anticipated is that if things in the markets get so bad, and the crash is deep and global, Obama will move to seize all 401Ks, IRAs, TSPs, and all pension funds. It isn’t a fantasy, Google and read about the plans they have already put into motion.
Theoretically speaking, what would happen if everything corporate tumbled to ZERO, that hypothetically, no corporate stock was any longer worth anything? Who would own it? Who could use the plants, name brands, etc., that remained? IIRC, a ‘corporation’ is a government approved entity, isn’t it?
Just wondering. I have no answer. I don’t know enough about it myself.
Yup! That’s the first waive of ‘haircuts’ and many people will be thrilled to have the ‘government’ protect their retirement, never realizing it was actually confiscated from them.