Friday, November 16, 2012

All your retirement savings are belong to us:

It may be time to take the tax hit and withdraw funds from private retirement accounts before they are forced into long term T-bonds.
The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement accounts, and replace them with government sponsored annuities(aka Treasury bonds that the Treasury currently can’t sell to anyone but the Fed).

Wednesday, November 7, 2012

Greek Parliament passes new austerity package with tiny majority

Ekathimerini Thursday November 8, 2012
Before the party leaders’ speeches there had been a different type of drama in Parliament. Finance Minister Yannis Stournaras>>>>> retracted a proposed amendment to include parliamentary employees in cuts to civil service salaries, after the employees threatened to strike, though he said the bill would be resubmitted.

LIVE CAM--Greece: Huge protest in Syntagma Square against austerity to be voted on today

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