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Message Subject Are Central Banks Really Thinking Of Raising Interest Rates, If So, This Will Be A SHTF Signal...
Poster Handle Saddletramp
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Here is a question that rolls around in my head. Having read all this my thought is what will IRA's and 401K's look like? As I recall, 2008 they were referring to the retirement losses as the lost decade. Basically everyone was where they were 10 years ago. In my opinion I do not believe even half of invested money is there, gone, poof! So is this the way that Wall St can cover the true losses because if the dollar really starts to be devalued, people are going to start tapping into their 401K's, even willing to pay the penalties.

I hope I am making sense
 Quoting: Corn Dog


The simple answer is 401k's and IRA's and other retirement vehicles will be cut by whatever percentage they decide to devalue then re-value the currency.

But the government has had their greedy eyes on 401k's and IRA's for a long time now, and with the baby boomers coming of age, they will move on them sooner rather than later.

Countries like Ireland and France have nationalized private retirement accounts and pensions (for the good of the people you know!).

There has been talk about full nationalization, forcing them to invest in U.S. Treasuries, but the short answer on all of that is that it is still up in the air.

However, I guarantee you this, when there is another major crisis, and 401k's and IRA's begin to lose value dramatically, the government will step in under the auspices that they are going to save everyone's retirement!!!

That's when you know your fucked...
 
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