Colorado Goldfields Inc. (fka CGFI)

[bobhwang]

This will feed fear and gold...

Argentina to confiscate retirement savings

http://internetscofflaw.com/2008/10/23/argentina-to-confiscate-retirement-savings/

Hungary Follows Argentina in Pension-Fund Ultimatum

http://www.bloomberg.com/news/2010-11-25/hungary-follows-argentina-in-pension-fund-ultimatum-nightmare-for-some.html

Bolivia's Congress Passes Bill To Nationalize Pension System

http://www.chicagotribune.com/business/sns-ap-lt-bolivia-retirement-age,0,6347138.story

The Irish and U.S. economies are both suffering from the after-effects of their own housing bubbles. And now each is taking a similar "cure." Both countries plan to prop up their economies by essentially borrowing from pension funds. In Ireland, an €85 billion ($112 billion) bailout organized by the European Union will include a €12.5 billion contribution from the country's National Pension Reserve Fund.

In the U.S., President Barack Obama's deal with Republicans to extend Bush-era tax cuts is aimed at stimulating the economy. Still to be approved by Congress, it includes a temporary two-percentage-point reduction in the payroll tax that funds Social Security. That likely will cost about $112 billion. The moves in Ireland and the U.S. likely will leave their respective pension funds in worse, long-term shape. And both smack of robbing Peter to pay Paul, or at least Paddy.
http://online.wsj.com/article/SB20001424052748704681804576017803653751630.html

And so it begins.