From Presidential edicts of 'MyRA' being for your own good and "will never go down in value" to Poland's 'precedent-setting' confiscation of public pensions funds for the good of the nation's debt load; and from the IMF's "one-off" wealth tax 'idea' to Europe's recent consideration of 'wholesale savings confiscations and enforced redistribution', it appears Marc Faber's warning that "from now onwards, the *bailouts will also be at the expense of the asset holders*, the well-to-do people. So if you have money I am sure the *governments will one day take away 20-30% of my wealth*," is becoming more likely every day. As the following mini-documentary explains, confirming Ron Paul's warning that "there is more chaos to come," *Jim Rogers' fear that "they won’t take our bank accounts...they will take our retirement accounts," is coming true*.
Reported by Zero Hedge 2 hours ago.
Reported by Zero Hedge 2 hours ago.