Wednesday, January 05, 2011

Europe starts confiscating private pension funds

Europe starts confiscating private pension funds; The Examiner

HT: Southeastern Ohio Conservative Thoughts

The U.S. isn't the only place that's facing a major pension fund crisis. The Christian Science Monitor has this alarming report:
People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations. As most pension schemes in Europe are organised by the state, European ministers of finance have a facilitated access to the savings accumulated there, and it is only logical that they try to get a hold of this money for their own ends. In recent weeks I have noted five such attempts: Three situations concern private personal savings; two others refer to national funds. ...

Read the rest of The Examiner here

Comment: I'll echo SOCT's thoughts, how long do you think it will be before the oligarchs in Congress move to take our pensions?

The 16th Amendment gave them full access to our income and the 17th removed the place of the state to protect the citizen and placed centralized power in the hands of 100 oligarchs who now serve special interests groups.

So again, how long will it be before they take our 401Ks, pensions, stocks, bank accounts or quite possibly our earning straight from our employees?

Or instead of asking that question, maybe I should be asking another: when are we going to take back the power the founders never intended for the oligarchs to have? Better yet, when are we going to restore limited government and the federalist system?

The way to do this my friends is through the repeal of the 17th Amendment.

1 comment:

Anonymous said...

This isn't fear-mongering by way of the blogger, but reality; and if we are not willing to fight against the tyrants, this will come to our shores.