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Government Preparing to Seize Pensions

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Economist: Government Preparing to Seize 401(k) Pensions

Supreme Court ruling sets the stage for "economic totalitarianism"

Economist Martin Armstrong warns that a Supreme Court ruling last week has set the stage for the federal government to begin seizing private pension funds.

According to Armstrong, the outcome of Tibble v. Edison, which found that employers have a duty to protect their workers’ 401(k) plans from mutual funds that perform poorly, will grease the skids for the feds to seize private funds and prosecute companies who manage mutual funds badly.


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