Home Letters To The Editor National Debt Not Your Friend - possibility of nationalizing your retirement funds

Letter to Editor: 

The US debt is over $18,000,000,000 and climbing.  Those in power seem to be in a drunken stupor.

At some point, our debt will no longer favored as an investment which will cause our interest payments to go up even more.  In fact people may not even want to buy our debt.  

In either case, it will be so bad that the politicians and other with great power will take what ever action necessary to "save" the country.

There is an over $18 trillion source of private funds that they can take by force, just as gold was taken.

That source of funds is the amounts people have in IRAs, 401-Ks and other private retirement plans.  The government will then "promise" to pay those who will have to give up their money a "pension."  This then gives the government  power over every retiree dependent upon the "pension."

This will be a nationalism of private retirement plans.  It will help solve the debt problem and give control to the socialist/communist.  If you do not comply with their edicts, they will control you by varying or deleting your pension.  Sounds like the mark of the beast.

The trend is not your friend.

Ben Krause - Virginia Beach

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