It depends on how cynically you want to look at this but I think the most cynical interpretation is the correct interpretation. – IRD on SGT Report
The Government is going to “herd” retirement funds into funding U.S. Treasury debt. – SGT Report
The elitists will hold up the system with printed money for as long as it takes to sweep every last crumb of middle class wealth off the table and into their pockets. If you don’t have enough spare cash laying around to buy your own Federal level politician, you’re middle class by definition.
After they plunder the housing market, the last asset left to confiscate will be the retirement assets. That process has started.
Here is a shocking notice being sent out from a 401k administrator:
“I received a document from Paychex today which is the administrator of one of my 401K accounts… and they have announced that they are going to move all cash in ‘NON-government Federated CASH Obligation’ money market accounts to ‘Federated Government Obligations’. Since my 401K money is in invested in three different precious metals funds this announcement does not affect me, however it will impact many other unsuspecting would-be retirees who falsely believe that their money is “safe” and “liquid” in a money market account. This is the slippery slope into government forcing account holders to invest in government debt (Treasuries), and it’s exactly what we’ve been warning about. As for me, I’m going to roll that particular account over and away from the control of Paychex. Dave Kranzler from Investment Research Dynamics joins me to dissect the document.”