BREAKING: Obama Administration Is Preparing To Seize Your 401k Pensions According to recent reports, some experts claim that a Supreme Court ruling last week has opened the door for President Obama to start seizing 401k pensions. Martin Armstrong, a respected economist, has warned that the ruling in Tibble v. Edison has given the federal government a loophole for seizing private funds and prosecuting companies that have poor mutual fund management. The ruling found that it is up to employers to protect their workers 401k plans from mutual funds that have poor performance. Armstrong argued that the ruling sends a strong message that government can much easier seize the pension fund management industry of course to protect the consumer and sets the stage to JUSTIFY government seizure of private pension funds to protect pensioners. This creates a very gray area wide enough to justify public seizure of pension funds under management, Armstrong concluded, warning that economic totalitarianism may be in our future. What do you think? Is this something the Obama administration would follow through with? 