Congressional Dems Plotting Run on American’s Retirement Savings

The proposed Cyprus Deposit Tax to pay for bank bailouts enraged depositors who were threatened with a tax on their savings. Fear generated by this proposal caused a run on the banks. Repercussions from this proposed confiscation of personal savings can affect saving and investment throughout Europe. Worse still it could catch on in here. Congressional democrats are plotting the expropriation of American’s private 401(k) and IRA retirements savings accounts in favor of “a guaranteed income”.

TaxOnSavingsCyrpusCouldHappenInUS 18Mar2013

AutomaticIRA Oct2012

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