Government take over of pension/retirement accounts

It's been 7 months since a government has declared funds in people's pension accounts government property.

Well the wait is over.

The Portuguese government decided to get itself something nice for Christmas so it took the assets from the pension funds of the telephone company in Portugal. It only took the assets, not the liabilities - it's best to leave the liabilities to someone else.

Here I projected that in 10 years every government on earth will have taken over private pension/retirement accounts based on the current takeover rate. The takeover rate has slowed since it has been 7 months since the last takeover. The projection for worldwide governmental control of pensions funds has been pushed out to 2024.

What nice news for the holidays.

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