From: Coin Update News
US Departments of Labor and Treasury Schedule Hearing on Confiscation of Private Retirement Accounts
http://news.coinupdate.com/us-departments-of-labor-and-treasury-schedule-hearing-on-confiscation-of-private-retirement-accounts-0431/
On August 26, the US Department of Labor issued a news release: (http://www.dol.gov/ebsa/newsroom/2010/ebsa082610.html ). It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.” The hearings are being conducted by the Labor Department’s Employee Benefits Security Administration.
I don’t like speaking in tabloid-style terms, but the unstated agenda of these hearings, as I understand it, is to push for the US government to eventually nationalize (confiscate) all assets in private Individual Retirement Accounts (IRAs) and 401K plans! . . .
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