US Fed to grab pensions !!!!

After it happens there, it could happen here.

US Economy is a National Security Crisis: 'US Needs to Raise $6 Trillion and It is Simple,' Visionary William Glynn says feds should grab ten percent of all retirement accounts.

Right now, China, Russia, India and Saudi Arabia basically own the United States. Our economy is the real target of terrorists and this is our potential downfall," says Glynn. His solution is transparent and uncomplicated... a 10% solution. "If we are to prevent another Great Depression we need to pass one simple law: All pension plans, endowments, 401(k)s and the like will be required to allocate 10% of their portfolios to buy back U.S. debt and currency.

With more than 40 trillion dollars currently invested in these types of accounts, Glynn asserts that some four trillion dollars could be freed up in a matter of days to wipe out the national debt, buy back the $1.6 trillion in U.S. debt currently owned by China and more. He suggests that approximately one trillion dollars go into a 10-year Zero Coupon Bond with the proceeds ultimately going back to the endowments and pension plans. "Rather than seeing this as simply giving money back to the government, it's really a 10-year interest-free loan that has incredible benefits," he explains.

He believes the immediate increase in world confidence with respect to the United States, the anticipated rise in the value of the U.S. dollar, as well as the boost to the overall economy would have far reaching and dramatic impact on equity prices. "In the very near term, the 10% allocation would almost undoubtedly be offset by a corresponding increase in the value of the remaining assets in these portfolios,"

Pip pip