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One of the things Stansberry mentions is a probable new wealth tax of 10% on EVERYTHING we own, plus nationalizing 401k and pension plans! A while back I had heard the Obama administration realized that USA 401k and pension plans total values were close to the national debt, so that could be a way to save the country from bankruptcy while everyone will have an opportunity to pay his/her fair share to help bail out the country –apparent Socialism in action! Here we go – again – bailing out
those who muck up!
originally posted by: xuenchen
And don't forget Cypress
originally posted by: ~Lucidity
Wall Street already took most of my 401K in 2009...and much of the value of my house, so 10% doesn't sound so bad. Shrugs.