Quote:
Originally Posted by Flagg
One possibility would be to compel or shape retirement account purchase of US T Bills.
But I still reckon probability still lies with theft by inflation rather than confiscation.
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Already happened to the banks with Basel III tier-one capital requirements and the risk-weighting of government debt.
IIRC, many public pensions are required to hold a high ratio of government debt.
With government debt service costs pushed low enough, it doesn't take much inflation for a stealth default.
Financial repression in action.