Post
Topic
Board Economics
Merits 1 from 1 user
Re: Trapped – Investors Unable to Exit Markets
by
figmentofmyass
on 17/04/2020, 08:41:17 UTC
⭐ Merited by Cnut237 (1)
Investors are trapped via their pension schemes in a financial system now wholly dependent upon the government printing press.  The legitimacy of the $44 trillion pension fund industry is at risk.

https://www.zerohedge.com/news/2020-04-17/trapped-investors-unable-exit-markets

who is trapped exactly? the article doesn't even say. it's just an endless screed predicting fiat collapse, with no factual information presented.

the only reference in the article is this: https://www.abc.net.au/news/2020-04-09/coronvirus-early-release-superannuation-assistance-withdrawals/12137774

....which is talking about australians being allowed to withdraw $20k from their pensions tax-free during the crisis.

zerohedge is pure unadulterated garbage.