My first thought when I read this headline was to shudder at how eerily similar the proposal sounds to the institutionalized theft that just happened in Cyprus where bank accounts over $130,000 had 40% their deposits simply confiscated. Only two weeks ago, I warned that this would find its way here eventually. I didn’t expect it to be so soon.
Full article:
http://www.infowars.com/obama-seeks-to-cap-retirement-accounts-so-that-no-individual-saves-more-than-is-needed/
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