pension problems / 5 posts found
Are We Being Lied To Financially?
In this video I go over and article that accurately portrays the financial mess we now face. If you listen to the main stream media the financial numbers could never be better but this is pure nonsense. This video goes over a great article from the Burning Platform entitled “Stupid is As Stupid Does”. To put it plainly we are being lied to…
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 […]
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.
Is Your State Bankrupt Due To State Pensions?
In this video I go over an article regarding state pensions and how much it would take to get the accounts fully funded. Without funding to afford State Pensions you will see property and other taxes skyrocket which could lead to a host of other problems. Find out how your state is doing with their pension obligations in this video.
Will Puerto Rico’s Debt Crisis Cause Lost Pensions for Baby Boomers?
In this video I discuss the recent Puerto Rico’s Debt Crisis by going over an article by Michael Snyder in the Economic Collapse Blog. Why Puerto Rico has gotten very small coverage the islands problems are huge. Many people are not aware of how many pensions have been loaded with Puerto Rico’s debt and how this will erupt badly in the next couple of years.