
“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.”
Related posts:
Bill Bonner: A Close Encounter with Zombiedom
The Real Reasons Americans Give Up Their US Citizenship
CITIZEN SAFETY ALERT: You Have The Right To Go Home To Your Family Too
War Is a Certainty
Alfred McCoy: It's About Blackmail, Not National Security
Why I Bought One Bitcoin
An Orwellian America
Thai doctor: “I’m not a slave to insurance companies or regulations…”
James Bovard: Bitter lessons 25 years after Waco, Texas, siege
14 Questions People Ask About How To Prepare For The Collapse Of The Economy
That Which Is Incapable of Reforming Itself Disappears
Why Are Cops Acting Like Soldiers?
The morning after: When a government destroys its currency
What Happens When Share Buybacks Dry Up?
Bitcoin: The People's Money with Roger Ver and Jeffrey Tucker