Poland confiscates pension funds, bitcoin still free

Poland confiscates pension funds, bitcoin still free

Poland confiscates pension funds & assets.  Bitcoin still free!

Today, Poland decided to carryout a predictable move.  I say predicitable, because history tends to repeat itself.  What once was private property, has now been confiscated by the Polish government.

WARSAW, Sept 4 (Reuters) - Poland said on Wednesday it will transfer to the state many of the assets held by private pension funds, slashing public debt but putting in doubt the future of the multi-billion-euro funds, many of them foreign-owned.  Reuters

In a collapsing economy, the government will always step in to take what they can.  The EU has several systemic problems, and this won't be the last country that turns to theft.  What we witnessed in Cyprus a few months back, was the beginning of the entire Euro zone collapsing.  As sovereign debt accumulates exponentially, these countries have no choice but to use drastic measures against it's people.  

Bitcoin, and litecoin are a very important part of saving a portion of your wealth, from this kind of behaviour.  

Read more about Poland's pension funds here.

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