Retirement Accounts: Problems Above And Beyond Sentinel Ruling and Custodian Integrity

My Dear Extended Family,

There is one more serious problem with all retirement accounts above and beyond the Sentinel Ruling and the integrity of the custodian.

If a systemic failure and lower dollar causes an unwanted increase in interest rates in light of the Fed as the major consumer of treasury paper in the last 18 months, how would the US government fund itself? You can be certain that China and the Middle East are not coming to the rescue.

One way would be to liquidate retirement accounts ($2 trillion USD) and put treasury paper into them to save the poor worker and coming retirees from loss as MSM and MOPE would say.

Look around the world at governments either eyeing retirement programs or invading them. You will find it is already happening.

Please, at a minimum, stop creating and funding them.

Regards,
Jim

2012-09-14 20:48:42

Source: http://silveristhenew.com/2012/09/14/retirement-accounts-problems-above-and-beyond-sentinel-ruling-and-custodian-integrity/