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March 19, 2013, 12:54:00 AM |
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I've been anticipating savings and pensions of various forms being directly appropriated for well over a decade now. Back in the mid 2000's I thought it would likely happen in 2012. I was wrong-ish in that I figured it would be sudden and widespread rather then corrosive via the inflation and corporate restructurings we see in the US. But it's not to late for that form either.
Anyway, I didn't dream up the word 'appropriated' to characterize this form of wealth transfer. I don't recall exactly who did, but whoever it was made me a lot of money as I've been on the prowl for vehicles which could limit my losses under such a regime for a long time. And they've done well as flat-out investments in addition to providing the protection I'd been seeking.
BTW, in my view of things the 'upward wealth transfer' is a done deal. It's been ongoing for years. Reaching into people's accounts directly would simply be the capstone on the program in order to balance things up.
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