Why the U.S. Government Wants to Hijack Your 401(K)

Why the U.S. Government Wants to Hijack Your 401(K): "It's bad enough that we've been forced to bail out Wall Street, but now the Obama administration is hatching plans to raid our retirement savings too.

Both the U.S. Treasury Department and the Department of Labor plan are planning to stage a public-comment period before implementing regulations that would require U.S. savers to invest portions of their 401(k) savings plans and Individual Retirement Accounts (IRAs) into annuities or other 'steady' payment streams backed by U.S. government bonds.�

With $14 trillion fiscal hangover looming, the Treasury can no longer count countries such as Japan and China to be dependable buyers of U.S. government debt. Not only have those nations dramatically reduced their purchasing of U.S. bonds, most of our largest creditors are now actively diversifying their reserves away from greenback-based investments in favor of other reliable stores of value - like crude oil, gold and other commodities."