Posted Sep 30, 2013 by Martin Armstrong
I have been warning that my sources on Capital Hill have been pointing to the next great take-over that is coming – the $19.4 trillion in pension funds. This is now starting to hit the mainstream press. This will be the way to regain national security by buying back foreign holders of US debt. Additionally, keeping interest rates so low, at 2% pension funds cannot survive with US Treasuries anymore. The typical allocation has been 40% in US Treasuries. That has no choice but to decline. Therefore, we have the sudden interest now of the U.S. Consumer Financial Protection Bureau eyeing up the $19.4 trillion in retirement savings as a measure of course to protect consumer investments with decisions of people with absolutely no investment experience.