EU Eyes Confiscation of Personal Savings, Pension Plans


William F. Jasper
thenewamerican.com
February 18, 2014

As we have warned, governments and central banks all over the world are getting ready to plunder savings accounts and pensions to fund ongoing spending binges and mounting debts.

Reuters news service reported an ominous story on February 12 indicating that authorities in the European Union may soon be resorting to the “Polish option” of nationalizing pension funds to pay for national debt obligations, as well as to fund continued out-of-control government spending.

According to the Reuters report:

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