Are 401K Holders About To Feel A Savers Pain?

Jon Alternative Media, Banking, Blogosphere, Economy, Fiscal Policies, Government

There’s an old truism people forget all too often. It has many variations and is attributed to even more, its core meaning goes something like this:
‘If the government can give it to you, than it can also take it away.’
Some of you might be wondering if I’m talking about the current ‘tax’ advantages that have made these vehicles so popular over the years. To that I’ll say no, not at this current time. But I feel that will be the least of worries coming down the pike in the not so distant future.
No, what I’m directly addressing is what is now emanating from the one and only non-government, privately held institution, directed by a consortium of non-elected, Ivory Towered, policy wonks: The Federal Reserve.
And those emanations are anything but 401K holder friendly. Let me explain…
I know many are wondering how a government inspired quote, a private institution, their retirement account, or savings account fits under one banner, or are some how all connected. Well, that’s easy:
The Federal Reserve has been the sole entity that dictates what any of them are currently worth. And if you don’t like their choices or decisions? Tough. There’s nothing you can do about it. Period.

This post was published at Zero Hedge on Apr 3, 2017.