COMMODITIES GURU JIM ROGERS:“I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations”

( got phyz?'?)

Guys. This is the opinion of some "gurus". Yes, broke governments like the USA may try to confiscate your savings.
I got my pension funds confiscated in 2008 , or better said "nationalized".

Just a part of this article:


"...With respect to which assets governments will likely be coming for next, Jim said, ”401k plans, IRA’s, and pensions plans which the government knows about [may be next]…They’re rationale would be, ‘Well most people haven’t been doing well in their IRAs and pension plans for the past several years, so we’re going to help you. We’re going to take your pension plan and give you government bonds so that you have a guaranteed return.” "

whole article :
[link to bullmarketthinking.com]


I am argentinian. And I am a bank analyst. I have already been there when TSHTF TWICE. bank holidays, bank runs, hyperinflation, pension funds "nationalization" in 2008:

[link to online.wsj.com]

Bank meltdown, devaluation, economic meltdown...food riots . Do i continue ?


So . I am spending MY KARMA points BIG time telling you this:

GET out of government PENSION programmes. Specially from broke governments pension programmes.


You won´t get pension funds. You will get devaluated pennies on the dollar for your retirement or no money at all. They will default, confiscate ,"nationalize" or something else. But you won´t 100% +return on your money. Guaranteed if your government is broke today.

Which is the case of most of the developed world countries.


Ask me a question if you wish. I got my retirement funds "nationalized" and now these funds are being used in "social" programmes ( negative return loans for housing)
Yeah negative returns will be awesome for my retirement!!


Open forum discussion here:
http://www.godlikeproductions.com/forum1/message2193246/pg1