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Originally Posted by ErVikingo
Very unlikely in our country.
Now changes to limits on amounts invested, etc. might come down if the government needs a higher taxable base to increase revenues.
Remember that, like many deductions, credits, etc., IRA's, 401K's, 403B's, etc are a type of social engineering.
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I disagree. This country nationalized gold in 1933. Was that constitutional? Technically, you were compensated with paper money, backed by gold.
I agree with most above. It will not takr the form of confiscation. It will be collecting and restructuring so that the Federal Government holds the accounts on it's balance sheets. This way, it can count these assets against the debt, and start to unload the treasuries the Fed and others are holding.
Tabs is correct. The new "QE3" is really continuous QE, at $40B per month. That is almost 1/2 Trillion per year. This is bad. Really really bad.