Poland confiscates half of private pension funds

[Seraphim]

http://www.zerohedge.com/news/2013-...private-pension-funds-cut-sovereign-debt-load

This is so fail, it's unreal...

 

[mosquitobite]

http://seekingalpha.com/author/doug-casey/instablog

 

[thoughtomator]

Time will come when those who took the penalty hit and cleaned out their retirement accounts will look prescient.

 

[Seraphim]

YEP.

Time will come when those who took the penalty hit and cleaned out their retirement accounts will look prescient.

 

[oyarde]

People probably thought I was crazy when I told them these things are coming , I somehow knew I was not .

 

[Tod]

wow, that is a serious chunk. I wonder how long till that comes here?

 

[oyarde]

wow, that is a serious chunk. I wonder how long till that comes here?

Well the Dems would do it now if they could , so , at this moment , only one house is stopping nationalization of 401k's etc and gun grabs, they will try to infiltrate the congressional districts they do not have with other commie / socialist voters , then, they can complete the end game of, no weapons, national health care , 60% tax rate for the 30% of america that pays Fed tax ( only 62% work), food stamps , business regulation , unemployment for all , utopia ,third world fascist .....

 

[Crystallas]

Poland has had the Capitalist bug slowly growing over the last decade, and they go and do this. It will not be without consequence.

 

[Carson]

If you were to total up all of the value taken through fee's, penalties, INFLATION caused by counterfeiting, other thief's besides this one, I'll bet it would add up to way, way over 300% over the years.

The parasites are killing the host.

 

[Carson]

Poland has had the Capitalist bug slowly growing over the last decade, and they go and do this. It will not be without consequence.

I sort of picture the problems with their growth of capitalism much the same as ours but starting at different poles.

With the way those in power can counterfeit whatever amount they want to expand their power, it has the effect of a stealth backdoor socialism sucking the life out of the capital that capitalism needs to operate and expand.

I would imagine those trying to hold control will try to place the blame of hard times on capitalism, there as well as here.

 

[Seraphim]

The parasites want to see the world population below ONE billion.

They care not. 50 slaves to run the farm is enough to handle the workload. 400 slaves could mean an uprising that is uncontrollable.

If you were to total up all of the value taken through fee's, penalties, INFLATION caused by counterfeiting, other thief's besides this one, I'll bet it would add up to way, way over 300% over the years.

The parasites are killing the host.

 

[jkr]

HALF!

 

[pmbug]

wow, that is a serious chunk. I wonder how long till that comes here?

There have been several idea floated in the media here in the USA since 2010:

http://www.pmbug.com/forum/f4/warning-pensioners-158/#post776