QUESTION: Mr Armstrong,
When you mention pensions will be seized, will an IRA that has purchased an annuity be shielded? What about self directed iras?
What have been the experiences in the other countries and how would you advise account holders to protect themselves in case of such in an event starting in 2015.75?
ANSWER: This is a major issue. It is very, very, very serious. We are preparing a special report on the pension crisis, which is likely to be the next real bubble collapse.