If you ask any bank or brokerage about their assets, they consider your assets to be their assets, and under certain conditions they will give them to you.
Did you get that? Deep in their hearts, the assets under management that they have are their's, and sometimes they have to distribute them, under rules that aren't readily published and can change at a moments notice. Really -- they do not think those assets are yours.
Same goes for 401K accounts, except even more so. Because the gool ol' USA "allowed" you live here and relish in the prosperity of the land, AND because they also allowed you not to pay taxes on those deposits, then in reality, those are government funds that are under your direction. I do believe that is the way "they will see it". AND this is coming I highly believe, "In the interest of national security to protect our debt and make sure that our debt cannot be used as an instrument of terror against the USA, AND because it is obvious that people have done poorly at self maanging their 401K's --just look at the 0% return over 10 years, For all these reasons we are protecting those 401K holder by transferring 50% of the assets into the safety of US Treasury Bond and Bills"
The tax deferred accounts are the mother load, the next target for US and the ECH's (know what that means, you better, it is the way the world has worked for many decades at the least.
In the Great Depression the Gov made private ownership of Gold illegal. No joke, if you did not already know that, Google it and read. If you had gold, they took it and gave you a "fair price". If you had a safe deposit box, it could only be opened in the presence of an armed police officer who could go through all your stuff and make sure you weren't trying to "hold gold".
This can happen again. There are some ways to get around this pesky little problem, and that is to own physical gold stored outside the US. There will be rumors and exaggerated stories about how this is not safe. "They" do not want you to move US assets overseas. There are some various ways to do this, but some can in fact be quite risky, you don't want a loan or lease on Gold, you want to own the physical and be able to audit it yourself. I will have more on how this is possible.
