Poland and the private pension funds or the blue print for massive private asset confiscation

Reuters has reported: 

Poland reduces public debt through pension funds overhaul

http://www.reuters.com/article/2013/09/04/poland-pensions-idUSL6N0H02UV20130904

Reform moves bond assets from private to state fund

* Some equity assets to gradually move to state as well

* Changes seen reducing Polish public debt by 8 pct of GDP

* Funds say moves could be unconstitutional

* Warnings that private pension funds could be wiped out

I would like to underline that Poland is a member of the European Union and apparently the Union couldn’t care less about what’s going on.  This situation is VERY, VERY, serious.  This is just plain authoritarian regime tactics being executed before our eyes and….. no officials/ leader around the world and in the EU say something about it.

Beware, this is just the blueprint for further plans in the EU too.  The  people in power will do everything and anything to keep where they are and this regardless of basic democratic rights. Poland is just the tip of the iceberg here my friend and for the ones who have not yet understood the issues, We, the 99%, are somehow at war with little weapon at our disposal to fight this new fascism and authoritarian approach. You think that my words are harsh?   Big governements want  to know everything and more about you  so the day your voice becomes too loud and heard… they may have something at hand to portray you as an “enemy” of the state.

My only advice…. and if you can…. take your money out ,as fast a possible, even if it costs you a little penalty , from your pension funds and park it in other countries where your rights seem at least more protected. Fior the ones who have doubts….  you can be sure that the day your retirements come…. you will be left with a fraction of the “promised” purchase power you have been counting on.

good luck

 

 

 

Advertisements

One thought on “Poland and the private pension funds or the blue print for massive private asset confiscation

  1. Pingback: The coming wealth tax a recurrent theme with the IMF flavour | Relativemoney's Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s