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Poland Nationalizes Retirement Accounts

Jim Sinclair: “Dear CIGAs, I want to be absolutely sure that you have read this article:

Nationalization of retirement Account just occurred in Poland. It is shocking in that it has no compensation so far in this watershed event. Note how it is spun as an OVERHAUL of the retirement system.

* Reform moves bond assets from private to state fund
* Some equity assets to gradually move to state as well

Source Jim Sinclair’s Mineset

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