Comment: Anything is possible, but I don't worry about my 401k

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Anything is possible, but I don't worry about my 401k

If the government (or the banks that run our government) decides to steal everyone's 401k and liquidate them to spend the money, it will crash the markets for those investments. It would be counterproductive for them to do that. I guess anything is possible, though.

Cash deposits in bank accounts are a different story, though. The banks don't have the cash because it is loaned out. The banks can't come up with the deposits if everyone asks for it at the same time. Therefore, stealing cash deposits reduces the liability for the banks. That is one reason why I keep as little cash as possible in the bank. The other reason is that I am broke.

We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.

-C. S. Lewis