Current Indicator Threat Grade
No or UNKNOWN RISK
No reports. No current evidence. Click FIELD REPORT to share with us a link or your first-hand account.
ACCOUNT BALANCES CONFISCATED
Pension accounts or private bank accounts are partially or completely confiscated.
In March, 2009, Ireland seized €4bn from its Pension Reserve fund in order to rescue its banks. In November 2010, the remaining savings of €2.5bn was seized to support the bailout of the rest of the country.
In December, 2010, Hungary told its citizens that they could either remit their private pension money to the state or lose their state pension funds (but still have to pay for it nonetheless)
In November, 2010, the French parliament decided to earmark €33bn from the national reserve pension fund to reduce the short-term pension scheme deficit.
In early January 2011, $60 million in private retirement funds were transferred to the state's pension scheme in Bulgaria.
In early 2013, Cyprus confiscated up to 50% of the funds from bank account holders in that country.
In September,2013, the Polish government confiscated the bulk of assets owned by the country's private pension funds, without offering any compensation.
In December, 2010, Hungary told its citizens that they could either remit their private pension money to the state or lose their state pension funds (but still have to pay for it nonetheless)
In November, 2010, the French parliament decided to earmark €33bn from the national reserve pension fund to reduce the short-term pension scheme deficit.
In early January 2011, $60 million in private retirement funds were transferred to the state's pension scheme in Bulgaria.
In early 2013, Cyprus confiscated up to 50% of the funds from bank account holders in that country.
In September,2013, the Polish government confiscated the bulk of assets owned by the country's private pension funds, without offering any compensation.
News relevant to this indicator that emerges from open sources may lead to threatening conditions for the American Nation. The team at FutureDanger will provide a clear explanation of these risks as soon as possible.
Credit
Developed by FutureDanger
Primary References
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None
Full Indicator Record
Indicator Historical Trend
Today
2017-02-04
| Grade | Date | Headline | Source |
|---|---|---|---|
| LOW | 16 Nov 2017 | Fed hints during next recession it will roll out income targeting, NIRP | [ZeroHedge] |
| LOW | 14 Aug 2017 | Prep for negative interest rates in the next recession, says top economist | [UK Telegraph] |
| SEVERE | 04 Feb 2017 | How the IRS can empty your bank account without warning | [ZeroHedge] |
