by Dr. Jeffrey Lewis
Silver Coin Investor
I received this note from a reader regarding the confiscation of retirement accounts:
Thank you for your kind words. I do have a question for you.
You only need to read the first paragraph of this article for my question:
“It is an incredibly common occurrence. It has happened in numerous countries in just recent memory. Poland, Hungary and Bolivia are a few in the last years where retirement funds have been seized.
Total funds currently held in private IRA and 401K accounts in the US are estimated to be in the neighborhood of $10 trillion. That number looks awfully enticing to the US government which is currently indebted to the tune of $19 trillion and holding liabilities of over $100 trillion.