Warning, They're Coming For Your Savings
I've written often in the past that governments always eventually steal from their citizens when faced with insurmountable budget shortfalls. I was reminded of this fact again when I read the following about Portugal's latest budget moves:


Portugal raids pension funds to meet deficit targets
The Delaire Report, Dec. 6, 2011
Portugal has raided €5.6bn (£4.8bn) of pension fund assets in a controversial scramble to meet its deficit targets. “The cabinet agreed to transfer the assets from four of Portugal’s biggest banks to the state balance sheet. The assets will be used to bridge a gap needed to meet the fiscal deficit target of 5.9% of GDP set by the terms of the country’s €78bn bail-out from around 10% in 2010. "This measure is more than sufficient to meet the budget deficit goal in 2011," said Helder Rosalino, secretary of state for central administration, on Friday. Portugal said it had informed the EU and IMF and assured them it would be a “one-off”. However the 2010 budget was met by shifting three pension plans from Portugal Telecom on to the public social security system. The liabilities don’t count, yet. There have been no complaints from Eurostat but Raoul Ruperal from Open Europe said: “This can’t be seen as a future revenue stream in any way.” A “one-off,” who are they kidding? This is only the beginning. The fact is you cannot trust the government to look after your interests. You must take control and act in your own interest. You need to protect your hard earned money before it is too late. Increased taxes as well as newly invented taxes are coming. More controls are on the way so governments can stick their grubby hands in your till.

Owning gold and silver are necessary steps you need to take in order to protect your wealth.

For you skeptics that think it can't happen here, it already has. Back in the early 70's Congress grabbed the Railroad Retirement Fund and merged it with Social Security. I remember my dad, a life-long railroad employee, was furious.

Theft is nothing new for governments, so don't be surprised when they come for yours! At present, the total income tax revenues collected by the US are not enough to even pay the interest on the debt.

Where will out government go for money? That's right, YOUR privately held accounts.

Your 401(k), your IRA and your pension plan is at risk of being seized. Act now while you still can. Move your wealth to privately held assets that Uncle Sam can't confiscate.

It's not a question of "if" this will happen. The only question is "when." Don't wait too late.