Pension Problems / 17 posts found
Disenfranchised Grief- No Job For Most Of Us
It’s a daily struggle to find truth. However there are times when it comes in plain sight media form. I came across this telling article which dispels the fluff we are led to believe and points to the reality of the disenfranchised grief of having no job feels like; its title “ A decade after great recession, 1 in 3 Americans still haven’t recovered. “ And it so true. According to the article women and African Americans have taken the hardest hit. That’s not surprising and I can personally vouch for it as it has been evidence in my immediate […]
Will The Baby Boomers Crash The Stock Market?
In this video I discuss the notion of the 401k as a viable retirement option. I cover in this video how baby boomers who reach 70.5 will be withdrawing money from the stock market more than the other generations could purchase stock. The notion of the 401k as a long term option will soon be obsolete due to the population problem we currently have. Over the next 25 years 3 people will be selling stocks for every 1 buyer. This will cause a stock market downturn. The notion of the 401k for the long term is dead and needs to […]
Collateral Haircut- Understanding the Collapse of What We Think are Assets
A collateral haircut is a financial term encompassing one thing: Devaluing Of An Asset. Oh this is not the official definition by far. However it will do just fine depicting what we will see happen to liabilities that we have been led to believe are assets. You see we call things like savings, our homes, 401k’s, and pensions assets. But truly they are really liabilities. Why, because simply the banks label them as liabilities. For us truly to understand the world in any form of meaning we have to understand the thinking of Bankers, Central Bankers in particular. For nothing […]
Teamster Pension Problems
In this video I read over and article that discuses the Pension Problem brewing in the United States. In particular this article address the Teamster Pension Problems. The Teamster Pension is considered one of the largest and one of the oldest unions to date. The article highlights 4 brave individuals who shared their personal financial stories. The article was in the Daily News and it hits home because it’s from my home town of New York City. The Pension problem is the biggest crisis we will see in our life times and we need to have more discussions about it.
Demographic Wars- Baby Boomers and Millennials
In this video I discuss the potential conflict that is going to rise between the baby boomers and millennials . As the pension obligations cannot be paid, the cutting of social benefits for the baby boomers will become mandatory. This will cause boomers to try to vote even more laws to keep what they have which will foster conflict with the millennials as they continue to get screwed financially. In this article you see the potential problem brewing as baby boomers blame millennials for intended problems already going on.