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Tyler Durden ZeroHedge 2/12/2014 At first we thought Reuters had been punk’d in its article titled “EU executive sees personal savings used to plug long-term financing gap” which disclosed the latest leaked proposal by the European Commission, but after several hours without a retraction, we realized that the story is sadly true. Sadly, because everything […] February 13th, 2014 | Tags: Cyprus, IRAs, Jim Rogers, MyRA, personal savings, redistribution of wealth, Ron Paul, savings account seizures, securitization market, State of the Union Address | Category: Banking and finance, Barack Obama, European Union, Glenn Beck, Goldman Sachs, Socialism | Comments are closed
Stephen McMahon News Limited Network 2/26/2013 HOUSEHOLDS face losing up to $109 million from their family savings as the Federal government moves to seize cash from inactive bank accounts. After legislation was rushed through parliament, the government will from May 31 be able to transfer all money from accounts that have not been used […] February 26th, 2013 | Tags: Australian Securities and Investment Commission, personal savings | Category: Australia, Banking and finance, Government, Socialism | Comments are closed
Ramesh Ponnuru Bloomberg 8/27/2012 …Right now, we spend more money on Social Security than on Medicare, and that will remain the case for a while. The programs’ trustees project that by 2035 Social Security will consume 6.4 percent of the economy and Medicare 5.7 percent. The Medicare projection may be optimistic about recent attempts to […] August 28th, 2012 | Tags: Inflation, personal savings, retirement, Social Security | Category: Economy, Entitlements, Taxes | Comments are closed
Hungary, Poland, and three other nations take over citizens’ pension money to make up government budget shortfalls. Jan Iwanik The Christian Science Monitor 1/2/2011 People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations. As most pension schemes in Europe are organised by the state, […] January 3rd, 2011 | Tags: 401(k) plans, Bulgaria, Hungary, personal savings, Poland, retirement | Category: Banking and finance, Europe, Government programs, Socialism, Unions | Comments are closed
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