Oh boy------Financial Repression From The Obama Administration: How Savers May Be Forced To Buy Federal Debt

Financial Repression From The Obama Administration: How Savers May Be Forced To Buy Federal Debt - Forbes:
 "Despite the reassurance, economists and industry officials are still worried. “The runaway, unaccountable regulators at the Consumer Finance Protection Bureau would like to ‘protect’ the IRAs of U.S. citizens by making them into a $20 trillion ATM for the government,” says economist George Gilder.

Critics fear that the CFPB would claim regulatory authority over IRAs and self-employed person pensions (SEPPs) on the grounds that seniors aren’t capable of handling their accounts and are being defrauded by the firms that manage them."

.....For now, almost every dollar in America’s individual retirement accounts is invested in the private sector — which earns higher returns than government debt.
 “I wouldn’t put it past the government to go after some of that money, almost all which is invested in corporate stocks and bonds or real estate,” says Curtis De Young, founder and CEO of American Pension Services, a leading financial advisory company.