“If you have a standard IRA from a large US financial institution, it would only take a phone call from the US government and poof, your dividend-paying stocks and corporate bonds could instantly be transformed into government paper.  It’s happened in Argentina and numerous other countries, and it is certainly an option on the table in the US. Heck, there are already whispers about the US government assuming some risk for US retirement accounts. That’s code for forced conversion of assets into government bonds.  Obviously, this is much harder for the government to do if your retirement assets are sufficiently internationalized.”

https://www.internationalman.com/78-global-perspectives/1006-the-ultimate-layer-of-financial-protection

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