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 retirement. Show all posts
Showing posts with label retirement. Show all posts

Saturday, August 22, 2015

Got Karatbars? Retirees will never have enough money to stop working through conventional savings

In a new report by the Government Accountability Office (GAO), over half of all Americans have no retirement savings at all, and many more are too underfunded to be able to quit working once their golden years start to come upon them.  And with Social Security become more insolvent every day, with a few projections putting 2017 as the year the fund no longer can sustain payments from receipts, it will soon be extremely difficult for you to have any expectation of retirement through the conventional means of Wall Street or in personal and corporate pension funds.


On top of this, the stock market appears to be on the precipice of a huge correction, and has already fallen close to 10% in just the past two months.  Yet this alone doesn't tell the entire story as sovereign and corporate bonds have collapsed as well, and the entire global economy is in the midst of a deflationary spiral.

The one segment of the market that has risen however is gold, and may be finally turning the corner as the dollar begins to fall.  China started the metals move upward when they devalued their currency close to 10 days ago, and since that time both the dollar and the stock markets have reacted with a negative response.


Planning for retirement takes time.  Saving money is a slow process.  There was a time when simply stashing money into CDs and savings bonds was enough to have a nice nest egg if you were diligent enough.  Yet for the last decade, most banks are paying close to zero percent on their savings accounts thanks to the Fed’s low rate policy to juice the markets.  Since the true inflation rate is much higher, you are essentially letting your money rot away.  So the only other option is for people to invest in the stock market or try to leverage into real estate.

The stock market is largely an arena for the wealthy.  Half of Americans own no stocks at all.
And the idea that all older Americans own their home free and clear is simply not true.  Only 35 percent own their home free and clear from debt (and this does not mean they don’t have expenses like taxes, insurance, and maintenance).  24 percent are still saddled with mortgage debt.  And 41 percent do not own a home meaning they have to pay rents that continue tooutpace any wage gains. 
The median net worth of those 55 and older is $34,760.  This is basically one small illness from bankrupting this family.  The median annual income of those 55 and older is $18,932 which makes them part of the new low wage America cohort. On the retirement side 48 percent have some retirement savings (not much).  29 percent have no pension or retirement savings.  And 23 percent have a pension but no retirement savings.  In the end, it is a tough situation for many older Americans.  And that is why older Americans rely heavily on Social Security as their primary source of income into old age: - My Budget 360


So if the stock markets, the bond markets, and real estate will no longer provide for your retirement years as they once did before inflation and unsustainable debt became part of our nation's monetary policy, what is the solution to not only saving for your golden years, but building your wealth right now where it protected from the dying financial system?

The answer lies in Karatbars.




Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.



The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Sunday, July 19, 2015

Got Karatbars? The next move by the Fed could alter your retirement savings forever

Ever since the Federal Reserve ended Quantitative Easing in 2014, the central bank has made promise after promise of finally raising interest rates from their historic near zero lows.  However, we are quickly coming up on the one year anniversary of the Fed proclaiming they were ready to raise rates, and the fact of the matter is, should the central bank actually follow through with their promises then the fate of America's current retirement system will be altered forever.

I know the first question that one would ask here is just how would raising rates effect retirement accounts like pension funds, 401K's, IRA's, and the like?  The answer lies in two fundamental truths about the financial system today, and what has transpired to bring us to this precipice seven years after the 2008 credit crisis.

Many retirees remember what happened within a year of the initial stock market crash on that fateful day in October of 2008.  The markets, which had reached an all-time high on the DOW less than a year before, would over the next 14 months drop by more than 50% and rest in the 6800's before the central bank intervened and began a new policy of zero interest rates, and massive money printing to fuel what would be known as the 'recovery'.

Since that time, and especially since 2012, the stock markets have not only shot through the old 2007 high of 14,600, but are now well above 18,000, with many individual stocks at their own all-time highs.  But the sad truth is, more than half of the entire stock market is owned not by mutual funds or retail investors, but by these same central banks who use the positive market to mask how bad the rest of the economy is, and prop up equities despite the fact that these companies are earning much less than they did before 2007.

So just how exactly would raising interest rates affect retirement and pension accounts?  First off, since the Fed has been the primary engine that has helped raise stock prices to begin with, the cost of money would increase to unsustainable levels for banks and investment brokers to borrow it.  Secondly, it is a given fact that if rates were raised, the markets would decline and even drop well into bear market levels, thus causing the returns and balances of pension funds in the market to drop dangerously.

At the local level, raising interest rates would cause municipal bonds, which are another key asset for state and local pension fund growth, to cost cities and states much more money than they can afford to service them, and at a time when not only are pension accounts way underfunded ($3 trillion combined for all 50 states), but since the general economy is bringing in less revenue, state and local budgets couldn't pay for the increased cost of new bonds at higher interest levels.

Stock market turmoil has wiped out roughly $2 trillion of Americans' retirement savings over the past 15 months, according to the Congressional Budget Office.

The value of pension funds and retirement accounts dropped by roughly $1 trillion, or almost 10 percent, in the year ending June 30, the CBO told the House Education and Labor Committee Tuesday, citing Federal Reserve data. Since then, asset prices have dropped even further. The CBO says that retirement assets may have declined by as much as $2 trillion over the past 15 months.

Individual 401(k) participants' average losses ranged from 7.2 percent to 11.2 percent in the first nine months of 2008, according to an Employee Benefit Research Institute analysis of 2.2 million participants. Over two thirds of the assets in 401(k)-style defined-contribution plans are invested in equities, either directly or through mutual funds. During the first nine months of 2008, stocks were down, with the S&P 500 index losing more than 19 percent. Fixed-income investments fared better, with the Lehman Aggregate index gaining 0.63 percent and three-month treasury bills gaining 1.54 percent. - Money.US News

With so many baby boomers retiring each year now, and so many millennials coming out of college who can't find jobs and contribute to the system, does anyone really think that the government, the Fed, or the economy itself would be able to handle the next financial crisis, which many analysts say will begin or occur in September/October of this year?

And with 2008 less than a decade ago, can we really think it will not happen again... especially with what is going on right now in Greece, China, and around the world?

So what is a viable solution to compliment your retirement savings that is dependent upon a system you cannot control, and is insolvent at so many levels?

The answer lies in Karatbars.






Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.

How to make money in both the Dual and Uni-level systems of Karatbars



How to make a six figure income using Karatbars in just 7 weeks.



The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Greece is not the only country where pensions are at the root of an economic disaster

In the ongoing debt crisis taking place between Greece, Germany, and the EU’s financial Troika, Greek pensions remain squarely in the crosshairs for austerity cuts to allow acceptance of a new round of bailouts, and a saving of Greece’s insolvent financial system.  But with the global economy in decline and even recession despite manipulated equity market highs, the Damocles Sword of underfunded pensions elsewhere threaten to keep central banks and central planners from doing what is necessary to rebuild sectors within the economy that have been stagnant since the 2008 credit crisis.
One country in particular, that of the United States, is a poster child for underfunded pensions that could matriculate a domino effect on the nation’s entire financial system should the Fed even attempt to stimulate growth through the raising of interest rates.
 
Read more on this article here...

Wednesday, June 10, 2015

Karatbars: Why Generation X more than anyone needs to build a business for their future

If you read most financial news today, nearly all of it caters to, or centers around millennials and those over the age of 55.  But the fact of the matter is, those in the 35-54 age group, which happens today to be Generation X, are the most important people in the entire economy.

This is because those in Gen X are supposed to be the biggest wage and salary earners, and spend the most money per capita in our consumption based GDP.  Not only does this generation spend the most on children and housing, but they also put the most into investments geared towards retirement and spend the most on non-essential things like vacations and college.

But the saddest part of being in Generation X is that the so-called 'recovery' has passed them by, and by an amount so great that their futures are both clouded and for the first time in America, limited to less than their parents achieved.  In the most recent jobs report from the government's Bureau of Labor Statistics (BLS), of the 280,000+ jobs created last month, less than 10% went to those in the 35-54 age group.  And this trend has been going on since the credit crisis of 2008, and Great Recession which followed.

We no longer have to wonder why the GDP has declined by so much in the past six years do we?

But just as much as having few job prospects is the fact that for this generation, wages have remained stagnant, and their overall financial net worth is worse than both the Baby Boomers and millennials.

The members of Generation X have plenty to be grumpy about. For starters, no one talks about them anymore. It’s all millennials all the time. There’s another reason Americans born between 1965 and 1980 are gloomy: Gen Xers are in even worse shape financially than the baby boomers who preceded them or the millennials who followed.

Sure, many boomers haven’t saved enough for retirement. And millennials are squeezed by high student-loan debt. But Gen Xers are still paying off student loans while raising families on wages that have barely budged in recent years. They have more debt than other age groups and are more pessimistic about ever being able to afford to retire, according to many surveys.

Almost 40 percent say they “don’t at all feel financially secure,” and 38 percent have more debt than savings, more than any other generation, according to a recent survey of 5,474 Americans by Northwestern Mutual Life Insurance Co. On average, people in their 40s had saved $62,087 in 401(k) retirement plans at the end of 2013, according to the Employee Benefits Research Institute. That means Gen Xers who plan to retire at 65 have a considerable way to go to accumulate the $1 million they’ll need to generate $40,000 a year as seniors. - Yahoo Finance

Which leaves this entirely forgotten generation with limited options to turn things around, as the corporate world is shrinking, and returns from Wall Street investments are a paper fantasy tied to a declining dollar.

So what is the answer for those between the ages of 35-54 to not only thrive in their living standards now, but to also be fully prepared for a retirement that is less than 20 years away?

The answer lies in Karatbars.



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbards, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.

How to make money in both the Dual and Uni-level systems of Karatbars




How to make a six figure income using Karatbars in just 7 weeks.



The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars you can contact the Finance Examiner at [email protected], or create your own account free account with Karatbars as either a customer, or an affiliate (business builder), by clicking the link below, and filling out the one page document.


https://www.karatbars.com/signup.php?s=argonath

Thursday, May 14, 2015

Karatbars: The only home business where you earn money from buying money

Network marketing or affiliate marketing is an industry that has not only shaped American small business for the past 100 years, but it has evolved exponentially with the advent of the internet.  In fact, from the days of Avon, Tupperware, and Amway, where people had to go door to door, or throw parties to sell their products, today's home businesses require limited or no product warehousing, and can be accomplished from a keyboard with only a small amount of capital to get started.



Most network of affiliate marketing companies are engineered to sell consumer products such as essential oils, health care supplements, and even second hand goods if you are an affiliate marketer with a company like Amazon.  But what if there was a business that you could own that provided a solution in the realm of finance and investment, and offered customers and entrepreneurs a way to achieve a nearly zero loss investment in the products they purchase?  By this I mean, what if what they bought each week, month, quarter was worth the same or more at the end of the month, unlike an empty shampoo bottle or an empty container of weight loss powder?

Imagine a company that you could earn money by recruiting customers and business builders to use their fiat paper currency to buy MONEY!  Real money, and both you and they could earn money for teaching other people how to buy money.

A true Zero sum loss investment.

That is exactly what you have with Karatbars.  A company that allows people to become business owners, but unlike most other network marketing company out there, only Karatbars provides incentives that go far beyond the simply buying of a product that retains its value since it is real money, recognized in every country around the world.

With Karatbars you can earn commissions, both from recruiting others to become business builders themselves or by having them sign up as a customer and purchase gold as an investment, savings, or retirement plan.  In addition, Karatbars goes beyond simply selling members a product, as they also create for you a free e-wallet, that works just like an international offshore bank account, and a pre-loadable debit MasterCard that can be used in any currency, and in any country that accepts this world famous financial instrument.

On top of this, Karatbars protects you, your affiliates, and your customers from the restrictions and pitfalls of geo-politics, which as we saw in the United States during the 1930's, led to a gold confiscation and restriction of ownership by the people for about 40 years.  This is done by Karatbars giving you the option of either having your gold delivered directly to you, or stored for free in their vaults, and the accessibility to have it shipped to you at any time.

And if you need to liquidate your money (gold) for another form of money (dollars), then that is an option as well and can be done with just a few clicks from your mouse in your e-wallet and free account.

Karatbars is free to signup with, but unlike most other network or affiliate marketing companies, does not require a monthly purchase to remain in good standing.  However, the whole goal of protecting your wealth and savings is to move it out of paper (dollars) and into a hard asset (gold), and you always have the power over what you choose to spend, purchase, and accumulate.

There are also 7 ways to make money in Karatbars, and several options to choose from.  And even if you are not a natural salesman, if you can find two... just two people interested in owning their own business and doing the same thing as you are, then that will be enough to grow your business to the point where you can easily make six figures per year sitting in the confines of your own home.


(An example of just 1 of the 7 ways you can earn money with Karatbars)

As with all businesses, there are always initial costs to build it.  But how many businesses can earn you weekly commissions of $4259 simply buy using money to purchase money, and showing others how they can do the same thing?  And with purchasing a silver commission package from the example above, and by investing approximately $325-400... (the cost of taking a family to see a single professional football game), you could easily earn that seed money back in an incredibly short amount of time, and from then on, every bit of earnings, as well as your own gold purchases, could come strictly from your future commissions.

To find out more about Karatbars, and to sign up with a free account as a customer (gold buyer), or an affiliate (business builder and gold buyer), click on the link below.

https://www.karatbars.com/signup.php?s=argonath

And by signing up here, you will never be left without support.  Just ask many of the people who live on the island of Aruba as one example, where 10.5% of the entire population is either a customer, or affiliate business owner in Karatbars.

*Karatbars was opened in 2011, and is in over 75 countries throughout the world.*

Saturday, May 2, 2015

Karatbars is one of the best options for fixed income and retirement accounts

There are many retirees, 401K and mutual fund owners, and those on fixed income instruments who have seen large portions of their wealth disappear since the 2007 housing bubble collapse, 2008 credit crisis and stock market decline, and war on savings and bonds that have come out of Wall Street activity, and Federal Reserve meddling.  And while the West does it's best to keep people from recognizing gold and silver as the most viable investment option for the coming dollar collapse and monetary hyper-inflation, there is one company that solves nearly every financial need for retirement, and gives customers the opportunity to not only purchase gold at affordable prices, but earn an income that will pay for that gold, and your retirement all in one.

In prior posts we have talked about the power of Karatbars to secure your wealth against the mechanisms of Western central banks, and a devaluing dollar, but how can the company benefit you as a retirement instrument?



The U.S. government helped create retirement and pension vehicles over the past 30 years that were not in the interests of workers and investors, but predicated towards directing trillions of dollars onto Wall Street where they could earn much greater commissions from betting on safe or risky investments.  And whether you have a 401K, IRA, or mutual fund, annuity, or bond fund, your savings and growth is not necessarily tied to the investment itself, but in the fact that over the past 40 years, the currency in which all those investments are based upon has lost you money year after year through dollar devaluation.

Which is primarily why much of the world is beginning to leave the dollar and look towards a return to a form of gold backed money.  In fact, an under the headlines report from China's Gold Association last week hinted at the fact that once the Silk Road project is fully up and running, and the multitude of free trade zone agreement are in place, the currency that will be used in over 65 countries and for over 4.4 billion people will be gold in the form of a trade note, or a new currency.

So with this in mind, how exactly can your retirement funds not only be protected from inflation, confiscation, or the inevitable decline in the dollar, and where transferring your retirement instruments into cash is not only time consuming and sometimes difficult, but costly when it comes to taxes or early withdrawals?

That protection is one of the staples of Karatbars.  Signing up as a customer or affiliate not only allows you to purchase physical gold to have it delivered to you or stored for free in one of their three global vaults, but anyone you sign up to purchase gold or become and affiliate will give you commissions on every gram or package they buy, and the ability in your offshore back office e-wallet (similar to an offshore bank account only out of the view of FACTA, the IRS, and banking system), to liquidate your gold into dollars, euro's, or ANY currency without paying an early withdrawal penalty.

In addition, Karatbars will provide you a debit MasterCard that you can pre-load from your e-wallet at anytime, and is usable anywhere around that the world that MasterCard is accepted, even at ATM's inside the U.S. and elsewhere.



The indicators are screaming of a coming collapse to the dollar and stock markets, as well as the fact that municipal and government bonds all around the world have been providing you a near zero rate of return over the past six years.  And with banks now very close to charging you money for holding it in a checking, savings, or other money market accounts, getting ahead of the game and the coming new global financial system that will be tied to gold, not the dollar reserve currency, is not only the real answer to protecting your retirement funds, but in actually preparing and getting ahead of the game when the transition away from the dollar and dollar based investments occurs.

What is Karatbars by the CEO:



You can find out more about Karatbars, and signing up for a free account by clicking this link:  https://www.karatbars.com/signup.php?s=argonath  or the Karatbars logo on the main page of this website.

Wednesday, January 29, 2014

Obama wants everyone to invest in government debt as their retirement

As we sit hours away from President Obama’s fifth State of the Union address, a new proposal that will be offered by the President tonight has been leaked to the public.  Sometime during his speech, Barack Obama will offer Americans the chance to save for their retirements not with equities, gold, or real estate, but with government debt… just as his administration has already done by moving Federal employee retirements into the same.



Read more on this article here...

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, February 6, 2013

Retirees need to take heed as the government seeks control over your accounts

As the U.S. government drowns in a debt of over $16 trillion, and revenues from taxes continue to decline in the economy, there is still one pot of gold that is ripe for the taking. 

That of your retirement accounts.

The U.S. Consumer Financial Protection Bureau recently suggested that it was imperative that they have a greater role in managing the over $19 trillion in private accounts held by the American people, and like Social Security, make them accessible to Federal control and oversight.


The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.

“That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,”bureau director Richard Cordray said in an interview. He didn’t provide additional details. - Bloomberg

This idea has already been bantered around in Congress, as former Speaker of the House, Nancy Pelosi suggested that the government should nationalize all 401K, IRA, and private retirement accounts as a means to resolve the credit crisis, and fiscal cliff.

With GDP for the 4th quarter coming in at a negative .1%, and the national debt nearly 104% of the annual production for the economy, do not be surprised if the government attempts to 'confiscate' the nearly $20 trillion in untapped assets, both to spend as they see fit, and to provide collateral to the Federal Reserve to borrow more money.

Thursday, November 15, 2012

Ten: The number of affordable states you could live in on Social Security

As the estimated 10,000 per day Baby Boomers begin retiring, and start accessing their Social Security accounts, the hard economic questions they must face come at them quickly.  The primary one of course, is can I afford to live off my benefits, and even more so, where can I afford to live.

A new infograph from Nov. 15 shows that Florida, Arizona, and all the warm weather climate states that have been the dream of many over the past few decades, are now priced out of their budgets due to inflation, taxation, and other monetary barriers.  In fact, on an average benefit income of $1130 per month, the number of states that fit this budgetary criteria is now limited to just 10.

And most are in the Midwest.



Montana, North Dakota, South Dakota, Nebraska, Kansas, Oklahoma, Arkansas, Iowa, Kentucky, and West Virginia round out the only true affordable places to live for retirees on a Social Security budget.

But of course, one can always look on the bright side.  These are the primary places that grow food in America, and if the feces hits the fan, at least you will be around other like minded individuals who have a more prudent standard of living, and have been doing so for decades.

Tuesday, June 5, 2012

Elite feel that workers should pay into retirement but not collect it

There was an interesting interview on Bloomberg with AIG's CEO Robert Benmosche over the weekend, where the elitist banker opined that workers should now expect to not retire until they reach the age of 80.



This of course means that the average person in the US, and around the Eurozone, will be working until they simply drop dead, as the average lifespans for both continents are 78 and 81 respectively.

However, in the growing socialist states, this does not mean that workers will be able to refrain from paying into state run retirement programs such as social security or pensions, it just means that the elite expect the majority of workers to never regain that money, thus helping prop up insolvent nation states through the use of backdoor austerity.

http://bloom.bg/NxACdK

And the 1%ers wonder why the 99% hold such disdain for them in nearly every capacity. (Note, Benmosche gave this interview from his wealthy seaside villa)

Monday, April 9, 2012

Pension funds dropping as companies unable to pay into retirement accounts

The Financial Time (FT) today came out with a new report on how underfunded business and company pensions are for many workers they have contracts with.  With sales and profit margins falling dramatically during the past 2 years, not only have major companies cut the amount they donate towards these funds, but many small businesses have stopped funding plans altogether.

The shortfall in US labor union pension funds is huge and growing rapidly. The latest data, from 2009, from the PBGC showed that these multi-employer plans were 48% underfunded with $331bn of assets to support $686bn of liabilities - and it has hardly been a good ride for those asset values since then. Critically, as the FT notes today, recent changes by FASB has enabled Credit Suisse to estimate shortfalls more accurately and it paints an ugly picture. - Zerohedge



Data courtesy of FT

To date, the government and corporate world have been able to hold off anger in the public sphere, even as the continuing high unemployment rates have not been addressed since 2008.  However, should the stock markets fall, and pension and retirement accounts continue to drop to dangerous levels, then the reaction by unions and workers expecting this money to survive after their working years will make the Wisconsin union battle seem like a playground shoving match.

Wednesday, November 23, 2011

Baby Boomers? What retirement?

The American dream contains the end game result of being able to retire, and live out the final years of your life doing most of the things you wished you could have, but didn't have the time for during your working years.

As the scope of the economy in America has changed, and the paradigm of the American dream has been left to a bygone generation, the Economic Collapse has come out with 25 reasons why baby boomers and retirement will not be something to look forward to.

#1 According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

#4 Today, one out of every six elderly Americans lives below the federal poverty line.

#5 On January 1st, 2011 the very first Baby Boomers started to retire. For almost the next 20 years, more than 10,000 Baby Boomers will be retiring every single day.

#8 Back in 1991, half of all American workers planned to retire before they reached the age of 65. Today, that number has declined to 23 percent.

#10 According to a recent AARP survey of Baby Boomers, 40 percent of them plan to work "until they drop".

#12 A study by a law professor at the University of Michigan found that Americans that are 55 years of age or older now account for 20 percent of all bankruptcies in the United States. Back in 2001, they only accounted for 12 percent of all bankruptcies.

#14 What is causing most of these bankruptcies among the elderly? The number one cause is medical bills. According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States. Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.

#15 Public retirement funds all over the United States are woefully underfunded. For example, it has been reported that the $33.7 billion Illinois Teachers Retirement System is 61% underfunded and is on the verge of complete collapse.

#16 Most U.S. states have huge pension obligations which threaten to bankrupt them. For example, pension consultant Girard Miller told California's Little Hoover Commission that state and local government bodies in the state of California have $325 billion in combined unfunded pension liabilities. When you break that down, it comes to $22,000 for every single working adult in the state of California.

#18 According to the Congressional Budget Office, the Social Security system paid out more in benefits than it received in payroll taxes in 2010. That was not supposed to happen until at least 2016. Sadly, in the years ahead these "Social Security deficits" are scheduled to become absolutely nightmarish as hordes of Baby Boomers retire.

#20 The U.S. government now says that the Medicare trust fund will run out five years faster than they were projecting just last year.

#21 The total cost of just three federal government programs - the Department of Defense, Social Security and Medicare - exceeded the total amount of taxes brought in during fiscal 2010 by 10 billion dollars. In the years ahead expenses related to Social Security and Medicare are projected to skyrocket dramatically.

#22 The Pension Benefit Guaranty Corporation is the agency of the federal government that pays monthly retirement benefits to hundreds of thousands of retirees that were covered under defined benefit pension plans that failed. The retirement crisis has barely even begun and the PBGC is already dead broke. The PBGC says that it ran a deficit of $26 billion during the fiscal year that just ended and that it will probably need a huge bailout from the federal government.

#24 More than 30 percent of all investors in the United States that are currently in their sixties have more than 80 percent of their 401k plans invested in equities. So what is going to happen to them if the stock market crashes?

For the younger generation who is having trouble even finding a job, today is bleak, and thoughts of retirement are not even on the radar.  But for those in their 50's and early 60's, the American dream of a comfortable retirement might as well be left to the 1%ers.