Seizure of 401Ks

QUESTION: Mr. Armstrong, In your latest post you stated “they will seize all pension funds and 401Ks to absorb the debt.” Should those with 401k’s be looking to pay the fees and cash out?

Thank you,

ANSWER: The behind-the-scene discussions on this issue are real. However, it does not appear that this seizure will emerge until 2016 or 2017. Indeed, we need a crisis for this to be ushered in. We will be publishing a special report on this subject since it is so vital to the future of everyone. For now, you are OK. The Syrian mess seems to have people lining up on Capital Hill when sources there say the phone calls coming in are overwhelmingly against any action. The politicians are ignoring the people entirely. This suggests there is indeed a secret agenda to achieve a goal outside the discussion box. That is most like the debt problem and a war is necessary to relief the pressure to curtail spending.