Martin Armstrong Warns on Pension Crisis, Confiscation of 401k Plans

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FS Insider interviews Martin Armstrong at ArmstrongEconomics.com to get his view on how the Fed is really raising interest rates to prevent massively underfunded pensions around the country from going broke and why politicians and the Federal Reserve are unlikely to prevent the crisis from happening. Armstrong also discusses debt comparisons between China and the U.S., political problems in Europe, and how those living outside of the U.S. view most of the news and political bias coming out of major American media outlets.

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