New Department of Labor rule will allow the government to manage and control 401Ks

08/20/2016 - 08:42

Martin Armstrong


The financial services industry is undergoing its greatest upheaval perhaps in more than 35 years because the government came up with a brilliant new idea to pretend there is a crisis that they need to step in to save you. I have warned that there has been talk about taking over 401K funds which are about equal to the total national debt. There have been proposals that they just take control of that and stuff it by mandatory investment in government bonds.

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