Tuesday, January 4, 2011

Private Investing Plans Are Large Pools of Untapped Funds

What the government gives, they can take away. So called carrot on a stick investing plans represent a large pool of funds of untapped funds that have no escaped the vision of cash strapped and spending driven governments around the world. Those that anticipate events for a living can see the writing on the wall already.

Headline: Europe starts confiscating private pension funds
The article goes on to detail other pension grabs in Bulgaria, Poland, France and Ireland. Obviously, this is a cautionary tale for America. If fiscal austerity becomes a real issue in the U.S. the way that it's been reaching critical mass in Europe -- don't think that U.S. lawmakers regard your either your personal wealth or money they might owe you as sacrosanct.

Source: washingtonexaminer.com

From Bob

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