Talk has surfaced again about nationalizing retirement accounts.

With the government’s out of control spending and promises for entitlements which it can’t pay, one way to borrow money is through retirement accounts.

Obama and company want government retirement accounts, formally known as IRA’s and 401k’s, to fund the pensions, etc. We already have Social Security, but that isn’t good enough and is broke too.

The way to fund their obligations is by nationalizing private citizen’s accounts and paying paltry returns on our money. One way the government borrows money is by issuing Treasuries. Would our retirement accounts, containing stocks, mutual funds, exchange traded funds, etc., be reduced to containing low yielding Treasuries?

Take a look at my previous article, “How to double your money – slowly“. Only this time substitute the word bank with government. Or better yet, you can read Chapter 44 “Failure By Design”; it’s online HERE.