Saturday, November 01, 2008

America's future under Obama; retirement funds; Argentina; Cristina Kirchner

The following item grabbed my attention at Asia Times:
Argentina is now effectively broke, and the government of Cristina Kirchner has expropriated the country's private pension plans to obtain cash.

Further research revealed this. Does anyone really think that Obama won't try to do the same thing? Even if he does not do this, he will lay the groundwork for a successor who will find it that much easier to seize our IRA's and 401(k)'s.

Cristina Kirchner

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