The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label retirees. Show all posts
Showing posts with label retirees. Show all posts

Wednesday, October 14, 2015

Following Greek elections, government imposes new capital controls on public workers and retirees

Less than three weeks ago, the people of Greece willingly voted to keep the Syriza party in power, despite the fact they had to know that this would mean further austerity measures already crushing the economy after five years of such measures.  But for those who chose to take one taskmaster (austerity) in exchange for another (default), the consequences of this choice is now beginning to emerge.
Civil servants, or those working for the government, along with retirees receiving pensions will now experience a program of capital controls which will limit their ability to withdrawal large amounts of cash from banks or ATMS.  In fact, this new policy will only affect public workers and retirees as regular citizens will be able to withdrawal greater amounts than what is being proscribed to civil servants.

Read more on this article here...

Tuesday, June 10, 2014

Pension shortfalls force states to put retirees money at risk

If there is one thing most politicians fail at, it is their ability to project and plan for the future, when it often more beneficial to their careers to sell out for today.  And because politicians for the most part are tied to 2-4 year election cycles, it rarely behooves them to make policies that are beneficial to constituents over the long run, and instead are more apt to sacrifice the future for their political present.

Because of the inflated housing bubble of the mid 2000′s, states were saturated with tax revenues and budget surpluses.  Yet instead of trusting history that validates that all economic cycles go both up and down, they spent this money like drunken sailors and even mortgaged their budgetary future through debt and the belief that the good times would never go away.  Because of this, state pension funds, which were primarily driven by municipal bonds and equity stocks, cratered hard during the Great Recession that began in 2009.  And five years later, these retirement funds have not yet recovered in nearly all regions within the United States.


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Monday, October 28, 2013

Underfunded pensions across the country begin to wreak havoc on retirees

A proverb from a wise book once stated, the love of money is the root of many evils.  In the secular financial world, that same axiom is transposed into a secular understanding that reads, the control of money is the control of many evils.
Which is why many Americans across the country are beginning to experience the consequences of trust and reliance upon government agencies and financial institutions when it came to their retirement.  In new programs being implemented across several states, underfunded pension funds are being re-evaluated due to the substantial losses incurred by reckless fund managers, and it is the recipients, not the pension fund managers, who are being taxed and penalized with massive payback demands for money they may have received above their monthly allotments.
 
Read more on this article here...

Wednesday, September 14, 2011

Nearing the end of the Social Security ponzi scheme

A ponzi scheme is where a program or con must depend upon future contributions to pay those who contributed earlier in the game.  ie... because the US government spent over $3 trillion from the Social Security trust fund in the past 4 decades, the only way it survives is by taxing todays generation of workers.

A new report by the Census Bureau however, shows that the jig is almost up as the amount of people working comes out to a ratio of 1.75:1 for every recipient of government largesse.

There were only 1.75 full-time private-sector workers in the United States last year for each person receiving benefits from Social Security, according to data from the Bureau of Labor Statistics and the Social Security board of trustees.
 That means that for each husband and wife who worked full-time in the private sector last year there was a Social Security recipient somewhere in the country taking benefits from the federal government. - The Patriot Update
So soup for you!
We can all thank the Baby Boomers who proudly voted in scoundrels to propagate the never ending growth of the welfare system.  Now however, as they retire, the younger generations may seek to exact their revenge in a soon to be economic class war.