Watch Your IRA, 401K Plans

The government has talked about taking over your 401k in the past. You say it can't be done? Of course it can, in fact it has been done in other countries, and, well it seems to be happening in Ireland.

Here is the announcement from the Treasury Department for the meeting held last September. Here is the agenda, so you can see who the speakers were.

Has it been done before now, well glad you asked. It was done in Argentina! Remember Argentina was once the second largest economy in Central America and if I'm not mistaken was in the top five economies in the world at one time.

Watch your money close. You may wish to put your money into something tangible and keep it under your mattress.