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Keyword: pensionconfiscation

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  • POLAND CONFISCATES HALF OF CITIZENS' PENSIONS: Attempt to delay nation's looming debt crisis

    09/10/2013 11:11:03 AM PDT · by SeekAndFind · 26 replies
    WND ^ | 09/10/2013 | Jerome Corsi
    Quietly, as the looming possibility of a U.S. military attack on Syria dominated news internationally, the government of Poland announced a decision to confiscate half of the nation’s pension funds in an attempt to delay an impending government debt crisis. While details remain hazy, Reuters reported Sept. 4 that Polish Prime Minister Donald Tusk announced a government decision to transfer to ZUS, the government pension system, all bond investments in privately owned pension funds within the state-guaranteed system. For now, private pensions in Poland will be allowed to keep equity investments that in the Polish state-guaranteed pension system tend to...
  • Feds eye retirement-fund tax to cut $16 trillion-plus deficit (Obama's war on savers)

    04/22/2012 4:44:53 AM PDT · by jimbo123 · 190 replies
    NY Post ^ | 4/22/12 | REGORY BRESIGER
    Uncle Sam, in a desperate attempt to fix its $16 trillion-plus deficit, is leering over Americans’ retirement nest egg as its new bailout fund. Capitol Hill politicians are assessing tax changes that could let the Internal Revenue Service lay claim to a portion of the $18 trillion sitting in 401(k) accounts and other tax breaks used by middle-class workers, including cutting the mortgage tax deduction.