I believe when the next financial crash happens (and it will), the sheer magnitude of the collapse will dwarf any previous financial calamity in world history.
The entire world has more debt (both corporate and government) than at any time in human history. The Stock Market "gains" are a joke and a mirage - propped up by fictitious "money" that the Fed "pumped." Now they are screwed - they cannot raise interest rates and they cannot stop "pumping."
http://www.wnd.com/2014/01/obama-step-closer-to-seizing-retirement-accounts/
Congress and Obama has been making stealth plans to seize IRAs, 401Ks, and all the rest should everything collapse. Obama is his supporters have all the machinery in place to do so today.
Government Lays Groundwork To Confiscate Your 401k and IRA: “This Is Happening”
The "groundwork" is already complete. Further, the government know EXACTLY how much is in every retirement account (that is why they dictate that you must disclose it to them).
When there are EBT food riots, and the Amish are burning down the cities, what priority for "emergency" spending do you think Obama will choose? The preservation of a middle or upper middle class white couple's retirement account?
The Treasury already "borrows" from retired civil servants Thrift Savings Plans accounts, and has taken that money twice in 3 years (citing "emergency measures"), and said they "paid it back." It is all smoke and mirrors. When the stuff hits the fan, the only reserves of cash they can hope to draw upon are the IRAs and 401Ks, and they will take them. They will issue you a worthless bond in return. Mark my words.
