The toxic dollar is bringing hell in a handbasket.
Along with the student loan debt bubble and other major financial factors, the looming pensions crisis is bound to be the death of us all.
Because it’s based on a future promise to pay, it has long been a benefit dangled to solve strikes and union disputes – because, in the end, it is just more debt, whether private or public.
With tens of trillions in unfunded liabilities, the weight of an avalanche remains dangling over our heads. An aging population is cashing in on needed retirement benefits while the younger generations must support multiples that are unsustainable financially.
Somewhere between the retiree that needs clothing, food and lodging, and the bankruptcy of cities and state governments is the makings of the next economic crisis.
via AgainstCronyCapitalism.org:
This is one of those things that few will pay attention to until it’s a 5 alarm fire. Then the policymakers will run around with their hands in the air saying they didn’t see it coming.
Of course they did. But addressing the problem is hard and will make people unhappy in the short term.
This blog pointed out the sad, and quiet fact that entities like the government of South Carolina are deep in debt over pensions. Everywhere there are failing social systems.
And somewhere, the rubber is going to met the road, and people are going to get hurt.
In 2014 a new Federal law made it possible for pension funds to cut benefits for their recipients.
[I]n October of [2015] the canary in the coal mine fell over and died when Illinois announced that the State was posting pension payments because it ran out of money.
Fast forward a few more months and things have been taken to the next level. The Central State pension fund in Kansas became the first such fund to take advantage of the 2014 law as 400,000 Americans who depend on their monthly pension income to pay for such things as their mortgage, groceries and medical expenses saw an average of $1,400 per month sliced of their monthly benefits.
Unfortunately, there may be no avoiding some very painful lapses in checks in the difficult years ahead.
But take a look South Carolina’s government pension plan, which covers roughly 550,000 people — one out of nine state residents — but is a staggering $24.1 billion in the red.
This is not a distant concern, but a system already in crisis.
Younger workers are being asked to do much more to support the pensions of retirees. An analysis by the The Post and Courier of Charleston noted recently that “Government workers and their employers have seen five hikes in their pension plan contributions since 2012, and there’s no end in sight.” (Most now contribute 8.66% of their pay, vs. 6.5% before the changes.) At the same time, the pension fund has been chasing more stocks and alternative investments instead of relying on stable investments like bonds that may be much less volatile but generate only meager returns.
And if that’s not troubling enough, South Carolina’s pension fund is far from alone.
Yeah.
California’s Calpers public retriree system is notoriously underfunded and doomed to implode. Chicago, Detroit and other urban wastelands are sagging under abysmal debt. Dallas, Texas pensions went insolvent. Puerto Rico is nothing but a propped up holding corp(se).
Something massive has been swept up just under the carpet.
Read more:
Screwed Over Retirees: Dallas Suspends Withdrawals From “Insolvent Pension System”
$8 Trillion Short On Pensions?! “No One Goes To Jail Because Establishment Is Complicit”
The System Is About to Burst Open: TRILLIONS In Unfunded Pensions “Foreshadow A Bleak Future”
These damn rogue liberal judges are what’s bringing hell to America. This time it’s a federal judge in Hawaii who halted Trump’s latest effort to thwart the influx of hell and trash across the borders.
Black Mo. That Judge in Hawaii did not rule on anything yet. He will Rule at 6PM Hawaii time tonight if the Trump Illegal Ban is still good or not. Stay tuned until then. Or 11PM EST.
Fuck that judge. Do it anyway and send marshalls to arrest him. Judges are not above the law, and the president clearly has authority to do what he is doing. Trump is fucking up by even engaging in a court fight. He has allowed the precedent of a court challenge to an EO. After this, his every EO will be challenged in court. A county judge is now more powerful than the president.
We need to have a reset, i dont care what kind of chaos it brings, i just want these bureaucrats to die
STILL THINK WHITE GENOCIDE IS A CONSPIRACY THEORY?
THEY DONT CARE WHAT THE PEOPLE WANT
THEY WANT TO EXTERMINATE THE WHITE RACE AT ALL COSTS
That is the god’s honest truth! The White man has been abused and pissed upon for so long it’s disgusting. We have got to take a stand and enough is enough.
The Malthusians want to exterminate EVERYONE. Cf the disgusting Georgia (un)Guidestones.
Who in hell are (((“they”)))?
Lemme “chew” on it for a while.
I don’t think it’s about any particular race per say. I would say that the ruling elite do not want any one group to feel too confident. With very loose immigration policies white people look around and feel like a minority. Thus their confidence is zapped. It’s all about dis-empowering any groups that they feel may resist what they are trying to do. It’s psychological warfare.
all rotten shit for brains judges and other antiamericans can GTFOO our country NOW including goat effers from Goatfuckistan, communist cocksuckers and left wing maggots crapping on us all destroying our country.
These Judges need to HANG!! Enough of this garbage already.
So how does that “reset” happen?
What brings it about and how does it take place?
Contrived and controlled chaos is a tool of the elite to bring about the changes they want when they can’t get them by other means.
9 signs that 2016 looks ominously like 2008 just before the crisis – 3/17/16
The data is all there for anyone who cares to look.
“The financial system is now loaning money to bankrupt governments at negative interest rates.”
“Today, US government debt exceeds $19 trillion, well in excess of 100% of GDP.
THEY HAVE TO BORROW MONEY JUST TO PAY INTEREST, AND THEY HAVE ENTIRE PENSION FUNDS THAT ARE ON THE BRINK OF BANKRUPTCY.
The Federal Reserve’s balance sheet has exploded to $4.5 trillion, and interest rates are barely above zero.
The government has no means to bail anyone out, including itself. And the Fed has no capacity to print more money and expand its balance sheet without causing a major currency crisis.
Simply put, the bubble is just as insane as in 2008, but much bigger. And the financial establishment has no ammunition to fight it.”
ht tps://www.sovereignman.com/trends/9-signs-that-2016-looks-ominously-like-2008-just-before-the-crisis-18879/
Direct link…
https://www.sovereignman.com/trends/9-signs-that-2016-looks-ominously-like-2008-just-before-the-crisis-18879/
How will multiple interest rate hikes scheduled this year affect the economy?
We need to remain prepared. The economic conditions point to difficult times ahead.
Mortgage Delinquencies Rise Most In 7 Years As Rates Spike
“Worryingly rates remain high, inflation is surging, Yellen is set for more hikes, and real wages are dropping.”
ht tp://www.zerohedge.com/news/2017-02-15/mortgage-delinquencies-rise-most-7-years-rates-spike
Direct link…
http://www.zerohedge.com/news/2017-02-15/mortgage-delinquencies-rise-most-7-years-rates-spike
Thx, KYM. I hadn’t seen this. Important news
Yellen is an obamaite, they all hate Trump, its not if but when will it collapse
Nailbanger,
I agree.
5 Minute Forecast (free to subscribe, excellent news) says that whenever Yellen is lying, she starts her sentence with “So…”
I’ll have to listen to her more to verify, but if so, interesting! 5 Minute Forecast is excellent news, and free.
Sadly, that is the only thing that will get their attention.
“In 2014 a new Federal law made it possible for pension funds to cut benefits for their recipients.”
No surprise that pension funds will be destroyed as part of the NWO Plan to destroy America. I told this community in 2010 that PENSIONS would be next.
Yes, of course, its in the archives. 🙂
I have NO Pension anyway, so nothing to worry about, I know my a$$ is screwed. And if I had one, it wouldn’t be worth the paper it was printed on any which way folks. This country is in for a real world of hurt.And what is the gov’t answer, let’s just continue to worry about all of the other countries, the illegal in our country and continue to give and give and spend and screw all of the real citizens that were actually born in this god damned shit factory we call the US. So disgusted and annoyed beyond god damned words anymore, fuck it, let’s get it on and work on the “reset”…there is nothing else to possibly do folks.
My sister in law (a nice enough person, BTW) retired early as a REGULAR teacher making $100k/yr working 9 months a year, plus a massive slug of sick days, holidays, PT days etc. Then she retired at 56 making $7k/month.
Yeah… this is going to work out reeeeaalllly well….
When the economy changed in the later 1960s and wife’s went to work, teachers picked up the second job of day care. This was massive leverage as every voting family would gladly pay additional property and state income taxes just to prevent a teachers strike, which was generally illegal anyway, but their clout prevented enforcement of that.
In essence they held the care of little Johnny and Mary hostage to get what they wanted.
While this is taking advantage the entire system is predicated upon taking advantage from top to bottom. While more unseen, the advantage taken by the top dwarfs the economic / social impact that the bottom inflict.
Yep, my school-teacher neighbor did the same — but at age 51. That’s not a mistake — AGE 51.
They will pay her more in retirement than they paid her for working.
This cannot continue.
Yes, of course, its in the archives.
That’s ok… I’m just going to Vault 7 to confirm!!! 🙂
This entitlement invasion is a one hundred billion dollar per year industry. Without the entitlement invasion Walmart and McDonalds would have to close stores, school systems would come up short not getting the full federal aid for taking in the invaders.
One in FOUR public school student is from an “immigrant family”. Almost 50% of students in Kalifornia public schools are from “immigrant families
And the American Taxpayers pay to subsidize the education of these parasites to take the jobs of our children and our children’s children. Yes, it is “white genocide”. It is also “black genocide”, as blacks are the first to be displaced.
Death to the New World Order !!! 🙂
Maybe Hawaii could take in 300 to 500 K refugees, I’m sure they would fit right in, plus enjoy the weather. And do the jobs that regular Hawaiians won’t do.
Amen. Send all of these filthy muslim mutts down there to Hawaii…again no good progressive bleeding heart liberal sicko’s
No. Send them to Haiti, Mexico, Brazil, and Venezuela and see how long they last. 🙂
You better check with Nailbanger first if it is OK to send them unvetted refugees to Hawaii. Why not to Guantanamo??
This is a direct result of the Federal Reserve Banking System that JFK tried to eliminate, but they eliminated him. Pension Funds were counting on 6-8% interest rates to perform and as you ALL know that rate is basically 0%, no wonder. JFK is my hero!
Sic Temper Tyrannous
Excuse my spelling
Sic Semper Tyrannous
Its actually sic semper tyrannis
The Federal Reserve has only had three rate hike in the past 11 years. Yesterday’s rate hike was the second time since Trump was elected president.
Fed policymakers have already planned three rate hikes this year and have indicated there could be ADDITIONAL rate hikes.
I wonder how numerous rate hikes will affect the economy?
I have read that this could crash it. I guess time will tell.
Federal Reserve may speed up rate hikes…
“there could be MORE than the three rate rises they have forecast for this year.”
ht tps://ca.news.yahoo.com/fed-shift-may-move-faster-pace-rate-hikes-050246940–business.html
Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding
“What happened between December and March? GDP is tracking very low. Measures of labor compensation are not threatening to boost inflation any time fast. The consumer is not picking up very much. Fiscal policy [is uncertain]. And yet, you have to raise rates now…”
“What is the motivation here? The economy is so far from your forecast in terms of GDP, why does the Fed have to move now? What does this signal, then, about the rest of the year?”
See the video with Yellen’s (useless) response and the economic charts.
ht tp://www.zerohedge.com/news/2017-03-15/startled-reporter-asks-why-yellen-hiked-gdp-and-real-wages-sliding-here-response
Direct links…
https://ca.news.yahoo.com/fed-shift-may-move-faster-pace-rate-hikes-050246940–business.html
http://www.zerohedge.com/news/2017-03-15/startled-reporter-asks-why-yellen-hiked-gdp-and-real-wages-sliding-here-response
Hi KYM,
You know, KY is one of the worst states for pension issues. Hope you are taking care of yourself in that regards! (Don’t worry… I currently live in the People’s Socialist Republik of Illinois, and according to credit default swaps, last I looked, IL, was 7th most likely state, country or province in the world likely to default, right after Portugal. And I was just watching the news a week or two ago where the freaking, disgusting Chicago Teachers’ Union wanted MORE money. Utterly no clue… and they won’t have one until Chicago’s version of Kevin Orr from Detroit comes in to tell them “Sorry, party’s over!”
TEST,
It wouldn’t surprise me that KY is in poor condition for pension issues.
We don’t have the means to relocate. We have a small business. So, we will just have to make the best of the situation.
You take care!
KY Mom
Hi Ken,
Just a quick note: you are probably mimicking my own typing skills! I’m horrible, and can’t proof read either. But just for clarification, it’s sic semper tyrannis.
Nobody noticed.
Is it still “…sic semper tyrannis…”. I thought it was changed to “…sick obama killedus…”
This “system” is awful and corrupt. There is no real freedom. Democracy is a farce if you think about it. Freedom is not free, hell not even cheap…look at this damn country or what is left of it. WTF are we bending over for FOREIGNERS. They are NOT US Citizens. They have NO Constitutional guaranteed rights, NONE, ZERO. WTF is wrong with these so call Judges. Wake the “F” up, ALL of you out there in la-la land.
Everybody knew the “projected” rates of return on pension fund investments were bogus, but all involved also knew they had no personal liability. The crash was going to happen tomorrow. Tomorrow has arrived.
Pension Funds or aka: Pension Underfunded. Will be Imploding when the Stock Market Crashes. If I was about to retire, I would seriously consider a one time lump sum payment. Better to get everything you can now than wait for a lot of Nothing. Kind of like the Lotto, take the lump sum now and go buy a rural property fully paid for, and stash the rest in preps and Gold and Silver, Guns and Ammo. I lean toward more Silver than Gold. You may be ready to retire, then retire, then they run out of funds in a year or so, then you Got nothing, and watch your pension benefits dwindle to nothing. Sure keep your long term health care if you got any. But for monthly pay out benefits inquire about the One time payout Lump sum. See how solid your pension fund is now and the prediction in 5 yrs, 10 years, etc. BTW/ If pension funds start crashing they may never let you do any kind of one time buy out. I think Dallas cut the Cops off one time buy outs. Then they are screwed waiting by the mail box wondering if you will ever get any checks again. SOL Suckers!!
Zeus. That is exactly what I did in 2010 when I retired. Took the lump sum, paid the extortion payment to the IRS and built the house of my dreams in the woods, got a pile of the white shiny metal and plenty of lead bullion to go along with all the kinetic devices at hand. I raise my critters and harvest my gardens. I did not trust the pensions back then due to the fact they were all into the sub prime mess and bound to fail at some point because they are all Ponzi schemes. Not to mention that the debt based fiat Ponzi scheme was and is designed to fail just like all 599 before it. The Federal Reserve Bank and their printing presses. All fiat currencies eventually go to their intrinsic value of “0”
Good for you Mark. At this point all Pensioneers need to consider this option. Better to get a little of something, than a lot of nothing. I think the IL State Pension System is only about 15% funded. Gee what could possible go wrong there? As the Steve Miller song goes, “OH OH…Take the Money and Run!!”
Dallas slammed the door on the cops doing just that. Now they are talking “clawbacks”. Anybody with any sense has put their lump sum out of reach. This hasn’t gotten ugly yet. It IS hard to feel sorry for the public employees who thought they could retire 15 years before the people paying their pension, and also get twice as much monthly.
I’m sure the pensions in USSR were “written into law” also. THAT worked out well.
Social Security is bankrupt and pensions are doomed. Old people still have one big advantage over young people, they have already drunk their full of life’s pleasures and sorrows.
I feel sorry for TPTB. When these old bastards get really pissed off, they will annihilate the people responsible.
Goldman Sucks and the rest are living on borrowed time. I hear wheel chairs clattering and banging, there are hords of old people out for blood. Grandpa is armed and dangerous.
__ ?
__
“Goldman Sucks and the rest are living on borrowed time.”
Don’t bet on that. The people will starve and they’ll hire an Army to protect themselves from them.
perhaps they will ire private armies,folks though will get their names/addresses/family members ect.,lists work both ways.
Things really crash see a lot of security turning on their masters as they lose family/friends not covered by masters plans,good times/good times.
“Give me control of a nation’s money and I care not who makes the laws.”
Mayer Amschel Rothschild
Mayer Amschel Bauer (1744 -1812), Godfather of the Rothschild Banking Cartel of Europe
With the above their power is omnipotent, remove it and they’re powerless. Their power is multiple times greater than in the 1890s when JP Morgan literally bailed out the Federal Government with his own money. Regardless if its with pitch fork or AR-15 no one touches these people as long as they control the money supply.
A certain bunch is not living on borrowed time. They will continue to acquire riches and be protected. That is what they get in exchange for bowing down and worshiping the god of this world.
I once read a telling comment: “At the very end, when ALL is destroyed, the only thing left will be cockroaches and banksters.”
I’m a little more sanguine than you are, Kev. I think freedom will eventually win out. Recall that in WWII freedom was on the final ropes a number of times; earlier, the Ottomans were at the gates of Vienna, and only the timely arrival of Jan Sobieski saved the day.
Also, you say, they will hire an army. The East Germans also had an army. But if you recall Leipzig in 1989 (I think that was the year), it did nothing to help.
My point is, the battle is one of education. A lot of times in 3rd world countries, you read in the news that the “army refused to leave its barracks.” What if – to riff off the old 1960s cliche – the banksters gave a war, and no one came? What if the intellectual vapidity of the banksters’ and left’s arguments – the very anti-human nature of what they stand for – became so apparent that to support it you would have to deny your very humanity?
To be sure, they will STILL have part of their – to use the term from history – PART their Great Heathen Army (referring to the Viking army in England over a millennium ago). Question is: will they have enough of that army remaining???
If we do our part, by non-violently informing, educating, blogging, etc., slowly, one by one, supporters of our modern fascism will slink away.
How do I know this? I, too, used to tend left years ago… until the intellectual underpinnings were made clear. My closest friend, in Ottawa ON. was a member of the far left NDP in Canada… and now is just like you or me, and the author of the great blog http://www.thepoog.com (check it out, well done).
We have the exact same battle Charles Martel, Jan Sobieski, Martin Luther, the earls the forced King John to sign the Magna Carta, or Winston Churchill had. But ours is a battle of the (electronic) pen.
We’d best get crackin’!
So is grandma!
TO BfromCA: Grandma is armed too!
B from CA: lookin’ quite “spiffy” today huh? you wearing your very fabulously colorful outfit again? brown and orange and yellow. You went from fashion tips to being a pension and Social Security expert. Is there anything you don’t know (SARC), or should I say pretend to know?
If the “old bastards” have been posting here they will probably be the first to be scooped up by the SS (Sucky-Suckies). And that’s surely before they will be able to do anything positive.
Looks like the pensioners are gonna get haircuts. Don’t hold your breath with Social Insecurity. The millennials already know that. Everything is imploding and the people
that should be held responsible will all be dead or gone in one way or another. The great
fleecing of America.
Fyodor Doestoyevski wrote (and yes, he did actually write this):
“If there is no God…everything is permitted.”
… that means, of course that you have no ultimate basis to say Enron, Jon Corzine’s “losing $1.6 billion, or the theft of pensions wrong, other than that is your personal preference. But there is nothing to say it is intrinsically wrong. Even Sartre wrote “a finite point without an infinite reference point has no meaning.”
In sum, one of the greatest thinkers of the 20th C, CS Lewis, of Oxford & Cambridge, put it most succinctly: “We castrate, then bid the geldings be fruitful.” (Before the guffaws start, hear what he is saying, viz., we eliminate any possible basis for morality, then – in the words of Claude Rains to Humphrey Bogart in Casablanca, we are shocked – SHOCKED – to find gambling (or some other sleazeball activity such as noted above) “in our establishment.”
all we need to do solve SS is to lift the ceiling from $127K to cover ALL income. only 2% of us make over $250k aa year, that leaves 98% to bitch like crazy. if < 1% of the LBGQT whatever can get the courts in the entire US to make decisions, we should be able to. write all elected you can.
And then on all top of that,Corp America has the system set up so 95% of us are being paid BS wages while the cost of EVERYTHING goes up and up and up and wages are $hit or actually go down…good luck with that fucking garbage, what is there really to live for, old and broke and broken….swell. Thanks Corp America and Uncle Sam – great job guys.
Chrysler was self insured. They went bankrupt. So went their workmen compensation awarded. The wife is using a walker due to a fractured spine. Had workmen comp awarded for life. The State Of Delaware allowed Chrysler to be self insured and does not back up their workmen compensation. There goes the medical payments for doctors and the workmen compensation.
This is right out of 1900 USA.
Wow! that is Dead god damned WRONG. Corp America has the Gov’t not in their back pocket but tightly removed the front pocket and that needs to damn change.
Interestingly the State Of Delaware made no changes in their Insurance Commission rules and any self insured company employing people in Delaware (not just incorporated there) can have the same thing happen.
In effect Wokmen’s Compensation is part of your pay, an insurance policy for you. Its not a gift, nor entitlement because its part of the compensation for working. Its required, mandated by the State. The reality is the contract is fraudulent with the State compliment. That is the ethical explanation. The legal explanation is that they were self insured, they went bankrupt, end of story. There is zero thought that the State, your protector, approved
their self insured status and therefore holds some responsibility. In the meantime GM gets bailout funds and uses a portion of it to build manufacturing facilities in China.
Not in California! I posted this earlier but apropos of this article: CALIFORNIA MULLS EXEMPTING TEACHERS FROM INCOME TAX
I guess this is ok, as long at the Teachers’ Assoc. commits to continue voting as a Marxist bloc, like they already are!
From the George Orwell “under socialism, we’ll all be equal, only some of us will be ‘more equal’ than the others” file:
“California Mulls Exempting Teachers From Income Tax”: http://dailycaller.com/2017/03/14/more-equal-than-others-california-mulls-exempting-teachers-from-income-tax/
Thou thinks (y’all be) protest(ing) too much. That nom de plume seems to fit here. I’ll go back to my old one later. I don’t want to appear contentious to the folks.
The fascist left has turned all of America – except the for the Hollywierd Learjet leftists and the bankster limousine liberals – in Detroit. Nice work leftists.
OH yeah. Detroit hasn’t has a Republican mayor since around 1960, and was the first major city to adopt the socialist Model Cities Program, sister program of the failed $20 trillion and counting War on Poverty.
Detroit. The only city you can walk 12 blocks and STILL be at the scene of the crime.
TEST
“The fascist left has turned all of America”
Make no mistake about this. The orchestrators of the American publics fall are not communists but rather fascist capitalists who fund communists as administrators.
fascist or communist or socialist…..all are LEFTIST ideologies.
There is not a dimes worth of practical difference between fascism and communism when it comes to how it affects the life of the everyday man.
And the only real difference between a Democrat and Communist, is that a Communist knows what he is doing.
“fascist or communist or socialist…..all are LEFTIST ideologies”
Simply not true, Rothschild and Rockefeller are not sharing their wealth, their taking yours. They use communists to control you. In effect communists are their employees. They, TPTB however, are not communists nor leftists, far from it. They are robber barons.
“There is not a dimes worth of practical difference between fascism and communism when it comes to how it affects the life of the everyday man.”
Very true, “It matters little if the boot on your throat is filled with a communist or fascist foot”.
Can you be more specific.
Kevin2:
Whether Communist or Fascist Capitalist, the orchestrators are for the most part Chew wish Supremists whose capital is it’s worldwide control of the three or tri-lateral of banking, government, media/information(propaganda). Of the three; the control of money is by far the
most important, upon which the other two rest.
Myer Amschel Rothschild’s wife said, “If my sons did not want war, there wouldn’t be any”. It is not an empty boast. It is the stark truth.
Morgan was found to be not very rich at all. He was merely a lieutenant for Rothschild, and a conduit for the Rothschild fortune. The Balfor Declaration gave Rothschild, Palestine, in turn, Rothschild’s men were responsible for steering America into WW1.
This is why Germany lost WW1. It is why the Germans, Mr. Hitler, resented Chews, among other reasons.
What is confusing to the average person is that they associate fascism with Germans, Hitler, and the Nazis. American fascism has nothing to do with Nazis.
__
Totally factually inaccurate post and mostly fabricated. Got a credible source? Probably not.
And pray tell, what makes YOU an authority… He IS correct, the answers to the chew ish question have been out there for centuries… the problem has been that the merchants have been in charge of not only the money, they’ve controlled the media…Not they’ve had their hooks into the education system…The cultural marxism garbage has been on these shores since the 30’s. After being expelled from Frankfurt Germany, the chew ish founders (30+ of them, information is there, look it up) came to Columbia University in NYC and set up shop. Radical feminism and radical homosexuality was pushed into mainstream society… Look around and see it in tv advertising…black men and white women… so normal. The 1965 Immigration Act opened the floodgates for an avalanche of nonwhites to invade this country… New York Sen. (((Jacob Javitts))) (D) pushed this through.
blah blah blah total BS…Chauffeur you are either B from CA in disguise, or, if not, then you are his rumpswab.
B, thanks for your generally insightful comments. This one, however, is a bit off, IMHO. I write a lot about Nazism for several reasons. a.) it is the meme du jour; b.) it is what is operating today; c.) it is a cousin of communism, the merger of the socialist state (hence Nazi standing for National SOCIALISTS… hello!) with *co-opted* crony biz.
I will state these FACTS below yet again:
Nazi stands for the Nazionale Sozialistische Deutsche Arbeiter Partei – the National SOCIALIST German Workers Party. Was it just a name, as some say? Then why did the Nazi’s introduce the “Reichsarbeitsdienst” – the National Labour Svc that had public work systems; why the “Kraft durch Freude,” where the STATE even took care of the leisure time of workers?
Here are the some planks of the Nazis, adopted in Munich on February 24, 1920:
“We ask that the government undertake the obligation above all of providing citizens with adequate opportunity for employment and earning a living… We demand profit sharing in big business… the government must provide an all-around enlargement of our system of public education. . . We demand the education at government expense of gifted children of poor parents. . . . The government must undertake the improvement of public health… permanent recovery of our people can only proceed from within on the foundation of The Common Good Before the Individual Good”
No the Nazis did not advocate public ownership of production, only that the govt oversee and run the economy, as they knew that legal ownership wasn’t what counted, but rather CONTROL. So, private citizens could hold title – as long as the state had the unqualified right to use their property. I.e., de facto socialism, the STATE still controls. Or, as Carl Limbacher wrote in NewsMax, Dec. 5, 2005, “Benito Mussolini’s Fascist economic policy, which he called the “mixed economy,” tried to combine Marxism with capitalism. What resulted was a dictatorship which allowed limited economic freedom to those favored industries willing to operate under government patronage.” The observant among you will note well the phrase “operate under government patronage.” In fact, private industry was a hostage of the Nazis. They did not hesitate to confiscate Junker’s aircraft business, or threaten the others with creating a government-run business to compete with it. BASF was so created. Hitler also did not hesitate to threaten the lives and families of any industrialist who did not cooperate. Speer allegedly did so when he ran the German economy. Why leftists think ANY private citizen would be able to thwart somebody who literally controlled the power of life and death over them is beyond me. Wages of Destruction by Adam Tooze is one book exploring this.
The only seeming difference between Hitler’s Nazism and today’s National Socialists is that Aryan racial purity. Or is it? Truth is, the self-proclaimed “elite” are now the uber menschen, and we hoi polloi in flyover country are the new Poles, Jews, bibleforschers (10% of the Dachau concentration camp was made up of Christian clergy, as one example), etc. And of course, as http://www.blackgeocide.com notes, over 15.5 million black babies have been aborted since 1973 – 1,876 babies every single day, while in 2010, the most recent year available, 138,539 black babies were aborted – nearly one baby in three was murdered in the womb in 2010, per http://www.washingtontimes.com/news/2015/jan/21/j-kenneth-blackwell-black-abortions-a-crisis-in-am/
And while Trump and Reagan are called “fascist” by the factually ignorant left, Bruce Thornton writes of everyone’s favourite leftist, the late Fidel Castro that “…it was Castro and his regime who had more in common with fascism. The state’s control and plundering of the economy, the repression of human rights, the secret police, and the cult of personality surrounding the messianic leader are classic fascism. Likewise, apologies for Castro’s brutality always ring changes on those for Mussolini: “he made the trains run on time.” Meanwhile, a Inga Andrews who lived in Dusseldorf, Nazi Germany (and later came to the US… legally) went on record that it is the leftist protesters themselves who most remind her of the Nazis, stating after the Trump inauguration: “What is going on in this country is giving me chills. Trump is not like Hitler. Just because a leader wants order doesn’t mean they’re like a dictator. What reminds me more of Hitler than anything else isn’t Trump, it’s the destruction of freedom of speech on the college campuses — the agendas fueled by the professors. That’s how Hitler started, he pulled in the youth to miseducate them, to brainwash them, it’s happening today.” The truth of the matter is that the left wants to state to control everything… which comports perfectly with thoughts of Mussolini, the originator of fascism, who stated “All within the state, nothing outside the state, nothing against the state.”
Then why did Hitler invade Russia? is the standard, leftist reply. Tell me: why did the Soviets start a brief war with Mao’s China on the Ussuri River in 1969, with the dispute not resolved until the Soviet Union ended in 1991? Why did Brezhnev reportedly ask Nixon that, if he nuked Mao, would the US respond? Why did Red China might Ho Chi Minh’s Socialist Republic of Vietnam in early 1979? What about the full scale invasion of Kampuchea (Cambodia) against the Khmer Rouge, which started Dec. 1978? The usual answer to this is “historic animosities.” But wasn’t the whole Communist “schtict” that their philosophy trumped all that Old World stuff, and there was now a “new man?” And why was Trotsky murdered by his fellow leftists? Why was Lavrentiy Beria, head of the NKVD (precursor to the KGB) suddently found persona non grata, taken out, had a rag stuffed in his mouth so he couldn’t whine, and shot dead? Why did Stalin purge his fellow communist generals in the 1930s? Why did Castro have his popular General Arnaldo Ochoa taken out and shot? Should I go on? Truth is, there is no final basis for ethics in materialistic communism (Dostoyevski wrote, “If there is no God… everything is permissible” – and yes, he DID, in fact write that; rather it is, as philosopher Schaeffer wrote, in their materialistic world it is necessarily the case that “whatever is, is right.). Truth is, to the fascist/communist/socialist left, no one is ever pure enough, and left to their own devices, communism will end with the very last two communists having one murder the other one. Unfortunately, then, that last communist won’t be a communist, as there won’t be another person to live off of.
The National Socialist philosophy is right out of the Obama/Pelosi playbook., and you can read more about the socialism of the Nazis with any Google search, though http://encyclopedia.laborlawtalk.com/Nazi#Key_elements_of_the_Nazi_ideology exposes a lot about the National Socialist Program which was big on Euthanasia, Eugenics and Social Darwinism , which are big hits with libs today, too.
Why don’t you stick to the Russian Revolution. Hey, you got the guys that pulled that off sitting on your wall.
The only way this plainly planned fractured society is going to fix itself is under strong leadership. That’s what the people have been looking for. And I can see that scares you. You even push that Trump is good for the country because you know what he is too.
Did you ever hear of “Goodwin’s Law”? Yeah, so I guess in every conversation ‘you lose’.
As a matter of fact, American fascism is very related to the Nazionale Sozialistische Deutsche Arbeiter Partei – the National SOCIALIST German Workers Party. They are cousins; similarly, Mussolini’s fascism was slightly different from Hitler’s
Why won’t you simply read what they called themselves? N.B.: They did NOT call themselves the National Apple Pie Baking German Kazoo Marching Band.
Sorry. Hitler was evil, and National Socialism, while it turned Germany around in the short term, if if there had been no war, it would have imploded Germany economically in a decade or so.
Mr. T….It seems that you found a home. So what country did they throw you out of?
I guess you feel you can still pump this b.s. into soft heads here huh? It’s not working. But I see you went back to your old tactics. Posting the same old stuff.
Nobody really reads your cherry picked pastings, because this isn’t some classroom where they are forced to read and then regurgitate. Those days are over. And no matter how much you jump up and down saying it’s this way, or that way, quoting someone from 1850, these people will ignore you because they have two eyes and can see for themselves what is happening. They have been out in the world and know how it really works. They’re not like some goose anymore being pumped full of shit so later their liver can be removed to eat it.
Oh no, you gonna go sit me in the corner now?
Ah yes… the usual puerile insults from Mr. YR. I stopped reading your unthinking posts way back, and accidentally read part of yours, not reading the name. My bad. Yes… we all here get your insults… just not your non sequiturs.
No, I’m not going to sit you in the corner. I’m just going to do what I do to all unthinking people who seem to have some kinda of internet hatred fixation – ignore them. Might I respectfully suggest you do the same – you don’t like my posts, don’t read them! Thank you. But perhaps you can get Mac to ban me from posting?
And, incidentally, those are my own writings. And I will indeed continue to post them in an effort to educate people who are willing to learn. Fascism and communism are cousins, and murdered 100 million last century. If you expect me to shut up about this, you are sadly mistaken.
And relative to educating people, which often-times means repeating things as different people come here at differnt times, this, sadly, does not appear to be you, from every time I read you in the past. And also…apparently people are not ignoring me, given that you yourself just replied. Quod erat demonstrandum.
Expect me to post similar *information* again. And no, I am not going to create novel info, as my goal is to get verifiable facts out to help people fight the gathering darkness. Some of these facts are basic, but need to be repeated to sink in, or reach new people.
But DO expect me to simply ignore further insults from you. I really don’t have the time to engage in some sophomoric, p*ssing match that you seem to enjoy for some strange, distorted reason. I harbour no ill will to you, but will certainly be ignoring your ad hominem invectives that you seem to enjoying dishing out, under the assumption that you will soon find some other person to focus your silly internet cravings on.
Bonne chance à toi!
Yeah, you’re so f’n original, your reply is even a repost. You are insane. Well maybe not insane. Just an 80 year old commie blaming anyone one you can for exposing you. Blaming that guy from Germany, or associating anything that is going on today, to him, is your agenda. The real history is now out there for anyone that cares to look for it. Too bad for you huh.
If you didn’t read my comment…why would you need to reply? And you’re not debating me if you didn’t notice, that wouldn’t work too well would it. Go kiss the picture of Micheal Medved on your wall next to Janet Yellen and Stalin for luck in the future here.
You may be from this country now and I even doubt that, when you use words and spell them as you do ‘flavour’ and ‘manoeuvre’ it gives you away as to what you are. Yeah, Canada may have taken the blue pill. But we here have taken the red one.
So you think that naming people here that you think are oblivious to your agenda, and giving them personal atta-boys, is going to blind them? Another tactic that just shows how much you disrespect them.
Rockefeller is neck deep in this and at their level they are equals. Its a money / power conspiracy as the mega wealthy, out of perceived necessity, band together. This transcends ethnicity or religion. They worship power, money is just a crude method of keeping score.
“Rothschild’s men were responsible for steering America into WW1”
Yes if the UK lost, and they were losing, they would default on their loans. In enters the US, allied victory assured, Germany is raped, the seeds are planted for WWI part II, known as WWII for the uneducated. Japan was an opportunist becoming the new occupier of China in the absence of the European presence declining due to budget cuts of the Great Depression.
In effect, follow the money.
Japan still had no right to wake up those Sailors, Marines and Army personnel on December 7th with an attack. Hitler declared war on the US two days later.
Yeah, you got some facts right, but left out some key others. I guess it’s just falling back to regroup huh. That other guy does that too.
The sinking of the Lusitania and Pearl Harbor have similarities. So does 9/11, the new Pearl Harbor. Then throw in the Gulf of Tonkin. War is just a racket. Now we need to expose who runs the racket. There’s volumes out there on who does. I guess you are still reading the wrong history books or watching the Rewriting History Channel.
Whatever you call it, it’s tyranny–and we, those of us still marked as “present,” are seeing and experiencing the worst aspects of it. And it’s still early days.
An interesting artifact that we’ve recently come across: “The House of Rothschild” courtesy of MGM, way back in 1934. It’s a stunning piece of propaganda. Watch it and learn from it.
Also, of course, Henry Ford’s masterpiece of investigative reporting (yes, such a thing still existed in 1919, when it was written): “The International Jew.”
The sad fact is, NONE of today’s shit is new. It’s just a marker in the planned devolution (and destruction) that’s been long in coming.
In 2017, The Jewnited States of America is, in effect, “Building 7,” formerly of the World Trade Center Complex.
How long are people going to stand around, waiting for someone of the “Lucky” Larry Silverstein ilk to issue the command to “pull it?”
Always know thine enemy.
Kev – yeah, that sounds pretty reasonable
Sooo, why did the Bolshevik’s overthrow the Czar, WHO paid for it…I’m interested to hear what YOU have to say.
From Front Page News:
“Under the guise of compassion, Democrats have exploited the residents of these cities as a means to ever-more-entrenched political power, using them as a captive electoral bloc every national election while allowing their life prospects to continue to erode.
“Like so many other Democrat-run cities, Minneapolis is the urban equivalent of a captive nation, its residents watching their civic life decline while the cynics who control their prospects continue to make their city a mad laboratory for failed polices and stolen dreams.”
h ttp://www.frontpagemag.com/fpm/266114/another-american-city-destroyed-democrats-john-perazzo
Private pensions been dying a long time.I remember as lived in Mass. when Polaroid went under(excepting execs.)and folks completely lost their pensions.That said,you govt. employees at any level with your unions reps got/were lied to,oh well.
Fuck you if you think though folks will lose their homes/what little monies they still make so you can have your pension,get your pound of flesh from those that lied to you.
” pension fund has been chasing more stocks and alternative investments instead of relying on stable investments like bonds that may be much less volatile but generate only meager returns.”
This is what happens when you have unsound money created out of thin air. The interest rates are divorced from supply and demand of money because of its virtual unlimited supply. This removes the return on savings as interest rates are pushed to low to non existent with “free money”. People are forced into the casino that the Stock Market has become post Glass-Steagall.
Kev. There is nothing stable about bonds. Most are Junk Bonds. These Municipal Bonds are nothing more than City Annual Budgets borrowed and financed on a Credit Card called Muni Bonds. Just like Credit Cards, the Cities will default on the payments. So it comes down to the tax payers footing the bill woth higher property taxes. And as more people leave the cities, the higher the taxes for the remaining. People are trapped in the cities, cant sell their massively ober taxed property, they default, cities default and the bonds turn to junk status and the pensions default that bought the bonds. Its a wide set of dominos ready to fall. Timber!!
Zeus
My point is that with fiat currency there is nothing stable because in the end there is no foundation. Their will be ups and downs but as long as currency is divorced from either productivity or has an intrinsic value its all a casino with the house having a stacked deck.
Or as one perceptive person noted, “We are all hedge fund managers now.”
Well, and there it is. We started getting a fixed retirement benefit last month and it is nothing compared to what some of the double dipping government workers were promised. I hope it lasts for a long time, but I would not be surprised to see it end. Happy to have it for now.
One of my a$$hole uncles worked for the IRS – he makes very close in retirement/pension to what he made while working, WTF? Are you serious? That is ridiculous and we, the sucker clown taxpayers and footing the bill yet again. God this country is so screwed!!
Article says 1 in 9 residents of South Carolina is covered by their govt pension fund ? Can that be right ? Every 9th worker in the State is a govt employee ?
Not counting on pension. Sometime in November I will be vested but I might leave the job before that happens they might be out of business anyhow. I know they have the books cooked. Place is so mismanaged just don’t see how they are making $. Work is drying up I’ve seen this all before working on my exit strategy.
I will refuse any “haircut” to my public pension. People who put their ignorant faith in the private sector gambled and lost. I took a city job and I’m playing with house money. It’s not like taxpayers are dying out.
Are what will you do when your a$$ gets 1/2 or so? What??
Attention all fleeced pensioners! Retirement is a pipe dream for me too. You have lots of
company out there. When it all implodes, and it will, there will not be any retirement for anyone. Survival will be the daily occupation. You don’t have it so bad. Think of the old
folks in North Korea eating tree bark and grass. We are not there……yet.
This is where I’m at. I’m only 38 and my husband is 33 and I just don’t trust anything anymore. Retirement seems like a nice idea that isn’t going to be a thing when I’m 65. The people who get to retire are at the top of the ponzi pyramid and I don’t think they are aware that the people below them are going to be SOL after they all retire. These are my parents, and I hope and pray they retire and get a lump before it is too late. My dad is a water well driller and he can’t even sell his business because his state isn’t going to issue rural drilling permits anymore, so no one in their right mind will buy a business where your customers can’t legal use your service.
At this point, in my mind, an asset is only something physical that I can hold in my hand or keep on my property. I’m starting to believe that my generation will have to do what my great grandparents did. Work until you die, have family together for support. I feel like I’d rather just buy a few bars of silver every month than send money into the investment ether and hope that it is still available when I need it 🙁
SUCKER is stamped on the forehead of the working legal American taxpayer. For over 70 years now the American taxpayer has been feeding Africa, and sending billions, now each year, to Israel. YOU SUCKERS!! S&P will end the year at an all time high and S&P 2,500 is doable by April 15th. What collapse, we have endless number of zeros that can be tacked on the debt. US to increase the size of the economy by 20-fold by 2060 to facilitate the shortfalls in pensions, social security, medicare. DOW 500k no collapse without an extinction event.
They’ll have to KILL Trump 1st, then they’ll have a revolution to deal with.
When peaceful revolution fails it makes violent revolution inevitable.
We on the Right side need to do something. The Left is radically violent. How long are we on the Right going to just stand by and not do a god damn fucking think but have our dick in our hands, shaking our heads…does NOTHING.
Ken
“They’ll have to KILL Trump 1st, then they’ll have a revolution to deal with.”
Its not November 22nd 1963. TPTB / Intelligence Agencies have technology can kill without finger prints all conveniently wrapped in plausibility. Oh my the pressure of the job gave him a heart attack with cardiac arrest VFib. The media will say how sad. The opposition will give him praise saying, “He really wasn’t so bad”. Any thought of conspiracy would be met with a chorus of opposition with teams of “Medical Experts” with credentials above reproach countering such a thought. Like Stalin saying its not who votes but who counts the votes its not the autopsy but rather who does the autopsy.
you should check yourself into a drug clinic, bert. seriously, get some help.
Bert: You are so right my friend. We, the fools of the US have been used and abused like pocket pussies…
Greenspan said that the government will have no problem paying out all the dollars that it says it will. But he couldn’t guarantee what those dollars would be worth when it did.
Yeah, right
1005 right. Never a shortage of fiat money. Its the value of it that is suspect.
100% oops…typo
“Place not your faith in earthling man, in whom there is no hope”.
Get the shit shield in place. When this country has an emema, it looks like Chicago.
The counterfeiters are working the printing presses at maximum speed right now. Inflation has set in, and the drip drip drip is now a gusher. And there is only a few life boats for the 330 million Americans. I got my own USS Silver life boat in standby mode. Silver up like .43 cents today, Gold up $22. Did the Fed raise interest rates today? Any info on that? Thx in advance.
Actually Silver is up nearly .60 cents today to $17.47 Yehaaa!!
I have two storage rooms with my returns..cans costing about 30/40¢ about 6/7 years ago now cost $1. Hams for $2 at that time are now $4 at some stores.
Gee, that’s 50% return or better.
I look at this link, sundaysaver.com every week or two and shake my head at the prices.
Keep your silver and gold; I think when this ponzi scheme gets booted, there will not be much of a return to normal society that pms are significant.
Let the attacks begin.
There will be no return to any kind of normalcy, until this system totally collapses. It’s well beyond any repair.
True – there is no way to honestly fix it my friends, no flipping way! TRUMP will have to pull a National Bankruptcy.
Honestly my friend, I think it already collapsed. It just hasn’t unraveled yet. Some things are
still functional now. When that changes it will truly be scary.
I am always amazed when they say that Social Security and Medicare are going broke. Now, the pensions are in trouble. Well, I’ll tell you one thing that’s not in trouble, and that’s the EBT Cards (government assistance) for the black population in rural Georgia. Okay – a disclaimer. No, I’m not a racist. This has nothing to do with color, but everything to do with American taxpayers paying for people who are able to work.
I have lived here close to 12 years and have stood in line to buy groceries behind a lot of black people and even immigrants. In almost 12 years, I have seen one black person pay for their groceries with a regular bank debit card. 99.999% of the people that I see using EBT cards are young, able-bodied and have no noticeable disability. Again, they are able to work.
Usually, when they pay with government assistance, they are carrying a high-dollar iPhone/Android-type cell phone and then they walk out and get into a brand new vehicle. It is a massive scam in Georgia. Why does this country continue to hand money to people who are able to work or go to school? Look at what the illegal immigrants have handed to them. Until this country gets its affairs in order, we’re in for some possible economic chaos. Take the tax dollars from people who are able to work and replenish the Social Security and Medicare funds.
Peach: God, you are so right my friend! It is beyond Disgusting. I worked at Social Service for a very very short time. These mutts pull up in their fat and fancy cars and trucks and then have the balls to come in and wine and cry for EBT and cash assistance and Medicaid and on and rental assistance, utilities, my God, it just never stops and most of those monkeys get it ALL while us suckers who work, can barely get the fuck by…something is not right boys and girls. Those on the Left think all of the shit is okay…
[[[I am always amazed when they say that Social Security and Medicare are going broke. Now, the pensions are in trouble]]]
Any affected will begin using guns on the leaders of this nation if they have the gall to stop our SS and pensioners lose their income to illegals with every entitlement imaginable.
I don’t blame the illegals; I still shutter with venomous anger at a system that doesn’t replace my nieces teeth pulled due to decay from radiation at a young age for a brain tumor and feeds/houses/insures families of illegals.
Georgia Peach
Welfare doesn’t give enough income to buy that car. They are “working” in dope business. Maybe not that driver but that womans boyfriend, one of the fathers of the needy children.
Down here in rural Georgia, there are a lot of problems with drug dealing. Too small of a town with too few six-figure jobs. We see white teenagers ride around in $70K monster trucks. The blacks ride around in new Cadillacs or other new vehicles. Don’t even get me started on the $700 iPhones that everyone can afford. Everyone is not farming and this money is coming from somewhere. You’re right – it’s drug money.
I remember as far back as 1991 when “We the people” had a warm fuzzy feeling when the chance arose to spend billions to kill muslims in Iraq. Both have been on-going ever since spending trillions to kill muslims and a warm fuzzy feeling for “We the people” whenever an extension of the genocide is dangled.
Now your pension funds and bridges are collapsing. And “We the people” are still getting off on that same warm fuzzy feeling.
You are sinking into oblivion Amerika at your hands. 🙂
Those savage animal muslims can suck it and die die die!
[[[Now your pension funds and bridges are collapsing]]]
You forgot to add that Halliburton, Bush, Cheney and CO. are using our tax dollars to REBUILD all they destroy in those countries.
The Trillion dollar defense budget and banking bailouts have bankrupted this country.
Here Here
Americans love their matrix too much to
make the necessary sacrifices needed to
end the Zionist U.S. government.
Stop paying taxes, stop voting, stop working, and stop playing by the bankers rules. Let the system go.
Every able bodied American needs to march on Washington, D.C. and ebolish the Zionist controlled government.
Unless this is done, America will fall and will become part of The North American Union just as planned.
The NWO will not fear preppers.
Divide and conquer. So far the Zionists have succeeded in turning Americans against each other.
And Trump is working as planned to further
escalate divisions in America.
The Zionists are defeating their enemies by having a anti-establishment President make a mockery of anti-NWO supporters.
The Zionists are well organized and they have planned years ahead.
The anti-NWO movement must be organized as well. There is much truth to be found about the Zionists in books and online.
All of this information is great but words need to become actions.
Perhaps it’s humanities destiny to destroy each other…
Most are familiar with Selco’s true SHTF experiences, but I believe America will suffer a much greater fate than Bosnia.
This is your fate America if you continue to stand idle.
https://www.shtfplan.com/emergency-preparedness/a-survival-q-a-living-through-shtf-in-the-middle-of-a-war-zone_10252011
https://www.shtfplan.com/emergency-preparedness/preparing-for-economic-collapse_05172011
Hang a few bankers and the puppets in Congress and then ask in a quite voice about where your pensions have gone.
Don’t wait too long because with the advent of cheap robots the elite are just about ready for a cull of the population but they have the left fighting the right, rich on poor but a length of rope will soon make them talk
Mr Smith,
AGREED 100%
If you are covered by some kind of pension plan and can possibly get your money out of it, the near future would be a good time to do it.
Some kind of viable rescue may be engineered, the way the “too big to fail” rescues were, but I doubt it will be successful for anything for very long or encompass anything other than the most significant pension plans.
Rush on pension account withdrawals in 3.. 2.. 1..
Granny Hawkins “they say they’re gonna heel and hide ya to a barn door, you know what I say?”
Josey Wales “what’s that Granny?”
Granny “I say that big talks worth ‘doodldee-squat’!”
Awwwww…..that just brings it back for me, Tonto. I absolutely LOVED that movie, especially that back-n-forth between Josef & Granny!
Nobody should be looking to pensions to save their butts. All pensions are unfunded and over-invested in the stock market and assets. When that stuff goes down, the pensions will get smoked. The only pension that will be left will be the basic government pension but that will be reduced to a few thousand a year. As for the young that actually have jobs, they will be hit with tax after tax to pay for the drooling old biddies so they can get Muslim women home care workers to wipe their butts.
If the old had any honour, they would have kept themselves in good physical shape and then, when they are too weak to live a life of quality, head to Switzerland for a dignified exit. Why any of them cling to feeble existences in the cities, smelling of piss, and eating crappy food, is beyond me.
Time to kill the Creature from Jekyll Island!
Time to kill the Creature from Jekyll Island!
Illinois public pensions are 170 billion dollars unfunded. Promise a great pension for a vote. Knowing they couldn’t possibly raise taxes high enough to cover the promise. I’ll gladly pay you tomorrow for a vote today. Illinois recently doubled their state income tax and their state corporate tax. 80% of that money went to state pensions and didn’t even put a dent in the debt. It merely bought the politicians a little time. The math indicates someone is really going to suffer, soon.
It is ALL a horribly disgusting bunch of $hit.
Every time they raise taxes in that state, more good people flee. The good people that are
stuck there get shafted. No rest for the weary. No rest for the wicked.
All those nose-in-the-air city, county, state, and federal govt employees with their BMWs, 7 bedroom McMansions, and their “guaranteed” pensions are going to find out that there is no guarantee. They were all over-paid for their skills with gold-plated benefit packages and the promise of retirement paradise with their Ponzi-scheme pensions. They will soon realize the fools they have been, as the payment comes due for living beyond their means (via the Ponzi scheme benefit and pension plans)……And their demands for a bail-out or compensation for the collapse of their pension funds is the final folly.!!!!!!!
I’ve already pulled and used my 401k from the last episode of Job Loss during Market Crash ’08, (I saw the writting on the wall. Use it or lose it). Cleared some debts. Updated the vehicles. Keeping up with the Jones v2.0. Now working for a company that is not Publically traded.
The wife has her own mindset regarding her retirement. I informed her about the market and explained Bail-in’s. Shes not taking the hint. My conscious is clear. She’ll figure it out.
I came into the world experiencing first hand about no guarantees, welfare and life on the streets. My alcoholic Father was committed and my Mother ran off with the occult. Hard work on a farm, boot camp and few tours of duty overseas turned it around. Then I became an engineer, (best to build the robots and not be replaced by them).
A life lived in constant fear is a life wasted. Each night I take a walk, thankful for another peaceful day. We all know that will change. These folks have no idea. None. Zippo. Until then, it’s Baseball, the weather and whose going to the BBQ. There’s plenty of time yet before all the weeping, knashing of teeth, and “failing of Men’s hearts”. (Not to mention the Pastor reading off Roman’s 13, Obey your God Chosen Government, right on queue).
So, for peace of mind, do your preps and help out your local doomsday merchant. Make your plans. Then live your lives.
Welp. Back to the land of the Free Range Inmates. It’s all good.
Couple of my friends were INS agents. They were merged into ICE. They were Senior Special Agents. Probably made $120,000 per year. No college. Required to retire at 57 years of age. Pension? About $80,000 per year. A relative works at Medicare. She is very young and in management. She makes $120,000 per year. And it goes on and on. For now.
Government and federal civil service salaries have exploded higher since the 2008 crisis. And many of these ‘folks’ are just incompetent black women and young women who get hired because they meet quotas. Ask yourself: was your last experience with a government agency full of competence and efficiency, or was it just deeply unpleasant and incompetent? And how many white men did you ever encounter during that experience?
Want to know what mission impossible is? A white man getting a post office job in Chicago.
They won’t hire you unless you’re black, you wear a skirt, and your last name is Rodriquez.
I talked to a mailman in Des Plaines, Illinois about 12 years ago. He told me where he was
working, every time a white person retired, they were replaced with somebody that was
either black, hispanic or asian. I’m not hating. We all need to be represented in the
workforce. Does make you wonder. Now, in the past, there may have been a disproportionate number of whites working for the postal system. Could be. However, that
does not justify replacing every retiring paleface with someone of color. Those ridiculous
government mandated hiring processes need to be reviewed and changed. When
Caucasians officially become the minority will we get Affirmative Action jobs? A huh.
The problem is this: the math shows the majority of people in the world are not white European. So, pursuing an agenda of moving out whites to bring in ‘minorities’ (who are becoming the majority) is never-ending – until there are no longer any whites working in government jobs.
In the process they are casting aside the very culture that created the prosperity and civility in the first place.
It is the case white people, if they want a full and fruitful life of opportunity, will need to gather in places that are still majority white. They will need to form new nations that are European culture bound. And, historically, speaking, this is not without precedent. Our ancestors a few generations ago formed new nations and governments: they were bold, pioneering, brave people. We now need to be as brave. Rich whites have a duty to use that wealth to buy the land to establsih these nations. They need to stop wasting their money on hopeless cultures and instead support the one culture and race that has accomplished so much in human history.
May 21, 2013 Why the whole banking system is a scam – Godfrey Bloom MEP
• European Parliament, Strasbourg, 21 May 2013
• Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire)
https://youtu.be/hYzX3YZoMrs
Too many here see just immigrants and left-wing parasites as the problem and they are a problem but they are also just tools for the je-wis-h bankers plus americans didn’t have the balls to take on the government when it became clear that 9/11 was an inside job.
Deal with the bankers before thehy deal with you americans
buy more AR parts
a friend of mine retired from the state, with a pension that is equal to his ending salary!!! You have got to be kidding!! this won’t end well!!
Firefighters in Huntington Beach, California retire on $150K per year.
Lifeguards in Newport Bitch pull in >$100K per year.
Big surprise? The Politicos lied to you again. There is no way to continue to pay people what they made on the job for 30 years after they aren’t working anymore. The city and county, state etc. have over promised for years knowing they would not be in the hot seat when it hits the fan. The only fair thing to do is to take all the pension money from the political class and divide that amongst those who worked for it and didn’t lie about it. It still won’t cover the pie in the sky they sold you but should keep all from starving and homeless life. Cash in some of your rental properties lower your expectations and start a small business if necessary, it’s not going to be that bad if you prepare. Remember the old line? If it sounds to good to be true it probably is.
https://matrixbob.wordpress.com/2017/03/17/its-happening-thousands-of-fema-camps-activated-slave-labor-initiated-and-lobbyists-back-it-video/
The wealth was hypothetical. Your tranche, and the job you were given, was make-believe.
You never really earned it. There was no way to run out of it.
It existed by fiat, and you lost it by fiat.
I see nostalgic media of olden places, which no longer exist. I would not have ruined that for anyone.
But, it so happens that you became contentious and burned bridges, with your closest friends and family, over gold star stickers and merit points, written on a chalkboard.
I’m talking to you, Old Economy Steve, Scumbag Babyboomer stereotypes, and Millennials in subsidized bubbles, who made life surreal and said things were normal.
The American experiment is over. Most people have simply put a clothes pin on there nose where they can ignore the stench of its rotting corpse. The only question now is who will grab the last seats when the music stops. As for our economy who knows when it will crash, who knows,as long as we are still the worlds main reserve currency we can still print our way out of ultimate collapse. The world is getting weary of putting up with our economic fraud but my bet is if the countries of the world ever really try to put a stop to our outright theft, TPTB in America will unleash the Pentagon to stop them. IMO a HELL of a war is coming. That’s when S really hits the fan, few of us will survive it. I prep but I can’t help but wonder if in the end pure luck will be the ultimate determiner of ultimate survival. Still I WOULD RATHER BE PREPARED if I m still around after the smoke clears.
I pray for economic collapse, and I will laugh when the useless parasites die
“With tens of trillions in unfunded liabilities, the weight of an avalanche remains dangling over our heads.”
This is true except that the long term unfunded liabilities are now in excess of US$205 trillion.
https://dailyreckoning.com/205-trillion-in-unfunded-liabilities/