Tag Archives: Government Annuities

Portugal Confiscates Private Pension Funds – Can It Happen in the United States?

Portugal has confiscated $7.5 billion of private pension funds (November 2, 2011) as a last ditch effort to meet deficit targets. This is the European model for introducing “austerity” programs: steal the wealth from the producers. This is not the … Continue reading

Posted in Editorial, Financial | Tagged , , , , | 3 Comments