Your 401k is a sitting duck

posted by
January 9, 2011
Liberty Unbound
by Gary Jason  
Posted in Commentary

"[Kirchner's] government expropriated ('nationalized') the $24 billion private pension funds industry in order to save the public system, forcing citizens to trade their savings for Argentinean Treasury bills of dubious creditworthiness. I suggested then that such a thing might happen in the US, where Americans have many billions put aside in various retirement vehicles — a tempting target for any cash-starved government. I think that dark day is growing closer." (01/07/11)  

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