And how you were going to get screwed?
Feel free to use the search bar and type in "Pension", then have a read.
You're hosed America. Severely. Far worse than you think. And there's nothing you can do about it.
I wish it wasn't true, but it will be, because you refuse to stand up and put a stop to this crap.
France is the latest to seize pension assets. They follow Hungary and Ireland. There will be more. And eventually, it will come here - and when it does, you will get hosed.
There is only one way to stop it.
You, the American people, must demand that all of the bad loans that were made by banks be forced back onto them and defaulted. At the same time the government must stand back and let the adjustment take place.
Yes, this will detonate the banks. Yes, this will result in huge losses. Yes, this will result in a short-term dislocation in the economy - a really, really bad one. Yes, it will result in the collapse of home prices, bankruptcy of tens of millions of people and even more unemployment in the short term.
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