In all the chaos of a pandemic, an impending recession, and skyrocketing inflation, the government might be eying retirement savings as a stopgap to keep the economy afloat.
Most people have saved for their retirement, with the long-term goal of being able to stop working and “ride off into the sunset” to enjoy their golden years.
That dreamlike paradise is being jeopardized by the current economic turmoil in the U.S., especially for Americans with “traditional” retirement accounts.
Why?
U.S. Government officials could start trying to get their grubby hands on saver’s hard-earned retirement dollars to keep the U.S. afloat.
Why would they want to do that?
The U.S. is in deep financial trouble. Even taking a high-level overview reveals a very grim picture for the largest economy in the world:
- Almost $29 trillion in debt. (Which means, at this point the principle is unlikely to ever be repaid).
- A Federal Reserve with a $9 trillion balance sheet.
- The Dow Jones, S&P 500, and NASDAQ major market indices have all been crashing (in some form or another) since January 4th, 2022.
- A housing price bubble poised to implode.
- Inflation is at its highest level since the early 1980s. (The official tally is 8.6%, but it’s most likely much higher than that.)
And so on, and so on. You get the picture.
During turmoil like this, nobody really knows what will happen next. But the pencil-pushers in the U.S. Government will only have one main focus…
To keep the economy afloat, even if it’s at the public’s expense.
Doug Casey over at International Man explains how they might try a “sneaky” move to confiscate part of your retirement funds (directly or indirectly):
“It’ll probably happen when the stock market melts down in earnest, we’re in the midst of a financial crisis, and the public is panicking. They’ll say, ‘people have lost so much money in the stock, bond, and real estate markets that we must safeguard what’s left. It’s best that we put all pension funds, IRAs, HR-10s, and what-not into a well-guarded communal pot, funded with sound government securities. We’ll put it in a lockbox and watch over it.’”
The tired old way the Government gets you to do anything they want involves taking a “crisis” like financial turmoil or a pandemic – and promising you they now have the solution.
They provide the illusion that “you’ll be safe” if you would only give up some of your liberties, attention, or money.
I’m not sure who needs to read this, but… Don’t trust a word they say. There’s a reason people make fun of the phrase “We’re from the Government, and we’re here to help.”
If Mr. Casey ends up being correct, you’ll want to make sure you have some of your assets tucked away in a safe place, out of their reach.
Thankfully, I’ve written something that can give you a shortcut for doing just that…
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I usually don’t let this much information outside of my inner circle, not even when I’m interviewed by people.
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To live freely is divine,
Bobby Casey
Location Independent Entrepreneur
P.S. If greedy U.S. officials start “grabbing” wealth from private individuals to keep its economy afloat or pay off debts, that’s a great reason to have some of your assets tucked away in a safe place. I wrote a report that can help you do just that…
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