Stalling growth of international reserves - Next Stop Total Financial Collapse

[Sparky]

Unlike a 401K or 403B or IRA, a pension is just a promise to pay you money some day, so there's no individual account to raid. I suppose the government could offer to "manage" your employer's (or former employer's) pension plan, and take over the entire pool of investments. They would probably do this by offering employer incentives to allow a takeover.

The retirement money grab will happen gradually, as they continue to run out of paper to feed the system. First it will be voluntary conversion of accounts into annuities (a la social security). Then it will voluntary for existing balances, but mandatory for all new investments. They will also make purchase of U.S. Treasuries the "default" investment for new employees, unless they actively choose otherwise.

The only thing to stop the paper fraud from continuing for another generation would be the masses recognizing that it's just another ponzi scheme, and putting up some resistance. That's why they will do this slowly and methodically, a little at a time. Hopefully more and more people will awaken to the fraud and not allow it.