U.S. to follow path of Argentina? Unfortunately, retirement - TopicsExpress

U.S. to follow path of Argentina? Unfortunately, retirement savers in other nations with high debt that have demanded retirement savings be placed into government debt have fared badly, taking huge losses as debt crises deepened and bond markets began selling the debt at serious discounts. “Here is a warning to us all,” “The Argentine state is taking control of the country’s privately managed pension funds in a dramatic move to raise cash.” He warned the same could happen in the U.S. and Europe, writing the G7 states “are already acquiring an unhealthy taste for the arbitrary seizure of private property, I notice.”

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