16 votes

Poland Nationalizes Retirement Accounts!

Reuters is reporting that Poland has just nationalized their retirement system via a pension fund “overhaul”, a move Poland claims will reduct is public debt by 8 pct of GDP thanks to the theft of their citizens retirement savings.

The plan calls for private pension funds to be forceably converted to a state guaranteed system, without providing retirement holders ANY COMPENSATION!

The Polish pension funds’ organisation said the changes may be unconstitutional because the government is taking private assets away from them without offering any compensation.

http://www.silverdoctors.com/poland-nationalizes-retirement-...

From Zerohedge:
By shifting some assets from the private funds into ZUS, the government can book those assets on the state balance sheet to offset public debt, giving it more scope to borrow and spend. Finance Minister Jacek Rostowski said the changes will reduce public debt by about eight percent of GDP.
http://www.zerohedge.com/news/2013-09-06/poland-confiscates-...



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My retirement is buried in my

My retirement is buried in my back yard.

Southern Agrarian

information bump.

stealing peoples retirement funds by rolling them over into the public debt is pretty sleazy IMO.

am I correct that we already did this with our social security funds?
if so, it is not hard to predict what is next.

Z kurwy syny!

(Son's a'b**ches!)

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

Great find!

Indeed:

http://shadesofthomaspaine.blogexec.com/index.php/entry/mill...

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

Message from my bank today.

Category: Broadcast Message
Date: 09/06/2013

We have been informed that a criminal group has announced plans to launch online attacks against a number of financial institutions, on September 11, 2013. The group intends to disrupt banking operations through a method known as denial-of-service (DoS) or distributed denial-of-service (DDoS). In these types of attacks, the target organization’s website or online banking site may be overwhelmed by a large volume of outside requests which slows down traffic so that legitimate customer requests cannot be addressed.

These types of attacks rarely compromise customer information. However, they can create a major inconvenience by making the targeted website or online banking site unavailable for a period of time. You may find that you are unable to access the Prosperity Bank website or log in to Online Banking should we become the focus of unusually high internet traffic.

While we do not anticipate a loss or reduction of service during this time, local Prosperity Bank associates are prepared to assist you. In the event you are unable to access your account through our website, please contact your local banking center for assistance with balance inquiries, wire transfers or ACH origination. Online bill payments could be delayed and you may wish to make other arrangements to process these payments.

We appreciate your business, and pledge to do everything in our power to provide you with safe, uninterrupted access to your accounts. If you have any questions, please contact your local Prosperity Banking Center.

How did they know ...

How did they know what specific attack was going to happen on what date. The sound like ... well you know ... an inside job.

I quit contributing to my

I quit contributing to my retirement account years ago because I suspect the very same thing will happen in the US.

And I'm absolutely sure that all of the paperwork

to make this perfectly LEGAL has been completed and is in place.

Welcome to a fine example of the difference between Legal and Lawful.