The rules for 401ks change next April and we will see them take them over within a few years. After the next market correction they will off er convert them to US Bonds and pay you a premium over the market price. The government get ownership of corporations and you get worthless paper just like SS.
The following is information provided by Money Metals Exchange:
Question: I haven’t heard much about Operation Chokepoint lately. Is that initiative ongoing and are you seeing any impact?
Answer: Yes, Operation Chokepoint continues, and we think it is very likely impacting our industry.
We’ll elaborate first by explaining Operation Chokepoint. The U.S. Justice department announced the program in 2013. The Obama DOJ’s stated intent is to dissuade fraud and money laundering by ratcheting up scrutiny on banks and financial services providers who have clients in certain “high risk” businesses.
Targeted industries include precious metals and guns and ammunition, but there are many others. Unelected bureaucrats developed a list of businesses they deem suspicious. But since investigating and prosecuting actual fraud or money laundering is difficult, their approach is an end run around due process by cutting off access to banking.
Operation Chokepoint is designed to “choke” businesses by pressuring banks…
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