“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.”
(Visited 24 times, 1 visits today)
Related posts:
Hayek to Satoshi and Beyond
David Galland: The New Stoics
The “Domestic Terrorist” You Can Call a Hero
Reforms of Domestic Government Surveillance
National-Security State Toadies Are Guilty Of Hypocrisy On Snowden
How to Lose a Constitution—Lessons from Roman History
"The Biggest Growth Opportunity in the History of Capitalism"
Warren Buffett: How inflation swindles the equity investor [1977]
These False Flags Were Used To Start A War
MIT Economist’s Audacious Paper on Economic Climate Models
A Measure of Our Impoverishment (Which They Hope You Haven’t Noticed)
Murray Rothbard: Fighting for Oil? [1990]
Exploding Sunni-Shia Conflict: Impact on Oil, Stocks, and More
Michael Scheuer: The price of U.S. interventionism in Syria and Israel
The IMF, the SDR, and the Dollar: One Big Happy