There was a recent article where a Dutch government agency ordered a pension to sell its gold and buy Euro government debt. Sounds like a current example of financial repression.
To: DeaconBenjamin
Everything belongs to the King.
Goods, land, ... financial instruments ... people ...
2 posted on
05/21/2011 11:33:29 AM PDT by
ClearCase_guy
(The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
To: DeaconBenjamin
That’s right, I remember reading that.
It was last year, I believe.
It was a private pension for some kind of guild or union workers. They saw the writing on the wall, and re-invested some of their pension into gold.
That they were REQUIRED to lose money on that deal and MISSED the rise of at least $400 an oz, in dollar terms, is a travesty. Never mind futures earnings.
It was theft, plain and simple. Financial suicide.
4 posted on
05/21/2011 12:06:17 PM PDT by
TruthConquers
(.Delendae sunt publicae scholae)
To: DeaconBenjamin
6 posted on
05/21/2011 12:16:22 PM PDT by
TruthConquers
(.Delendae sunt publicae scholae)
To: DeaconBenjamin
7 posted on
05/21/2011 12:21:51 PM PDT by
DeaconBenjamin
(A trillion here, a trillion there, soon you're NOT talking real money)
To: DeaconBenjamin
8 posted on
05/21/2011 12:24:05 PM PDT by
EternalVigilance
(GOP mantra: 'Repeal and replace.' Translation? 'We can do socialism better than the Democrats.')
To: DeaconBenjamin
And all those people who resolved to get their financial house in order and save for a comfortable retirement...what happens to them?
To: DeaconBenjamin
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