[Darteaus94025]

"Sounds like they need more gov’t bondholders"

Exactly right! This is the government taking your money: you deposit cash, and they-through the bank-give you a "promise". Yes, I know that currency is also a "promise", but try to spend a government bond and you will see my point.

All broke countries turn to confiscating money from their citizens bank deposits, retirement accounts, etc. Google recent history of the Cyprus bank "bailout" and Poland's confiscation of 50% of retirement savings.

[Rusty0604]

Probably one of the first things the Democrats would do if they won the House in 2014 is go after our retirements. They were holding meetings about that very thing and licking their chops before they lost the House.

It would be for our own good, of course, since we are too dumb to save or invest for ourselves; just as we are too dumb to buy our own health insurance policy.