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America's Pension Crisis Is Getting Worse

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Subscribe and share the RTD news articles... RTD News keeps you up to date on what's happening around the globe. Thanks for watching this important update, "America's Pension Crisis Is Getting Worse". Information to help you become more monetarily aware. Download a high resolution copy of the Dollarcation (Purchasing Power) visual aid here: https://www.rethinkingthedollar.com/purchasing-power/ Test your Monetary IQ here: http://bit.ly/TestYourMoneyIQ News Articles: 1. Pensions time-bomb for world's biggest economies could explode to $400 trillion, says WEF http://www.cnbc.com/2017/05/26/pensions-time-bomb-for-worlds-biggest-economies-could-explode-to-400-trillion-says-wef.html 2. World heading for a pensions crisis, but no quick fix is in sight http://www.independent.ie/business/personal-finance/pensions/world-heading-for-a-pensions-crisis-but-no-quick-fix-is-in-sight-35768379.html 3. Step One: Recognize The Public Pension Crisis https://www.forbes.com/sites/econostats/2017/05/30/step-one-recognize-the-public-pension-crisis/2/#671272267801 4. The Unavoidable Pension Crisis http://www.zerohedge.com/news/2017-04-06/unavoidable-pension-crisis 5. Six Terrifying Graphs That Summarize America's Public Pension Crisis http://www.zerohedge.com/news/2017-05-24/six-terrifying-graphs-simplistically-summarize-americas-public-pension-crisis 6. How much to address Kentucky's pension crisis? That's the $700 million question http://www.courier-journal.com/story/news/politics/ky-legislature/2017/05/22/kentucky-pension-crisis/337505001/ 7. The bill is due: CPS owes staggering amount on teachers’ pension fund http://wgntv.com/2017/05/24/the-bill-is-due-cps-owes-staggering-amount-on-teachers-pension-fund/ 8. General Electric, UPS & State Pension Problems https://www.rethinkingthedollar.com/general-electric-ups-state-pension-problems/ Get FREE educational reading & interview resources at RTD website: 1. The Simplicity of Money (4 Things You Didn’t Learn In School) - https://www.rethinkingthedollar.com/education/ 2. 5 Reasons To Hold Gold Before The Next Recession – http://bit.ly/5ReasonsEbook 3. RTD University (30+ hours of video interviews from authors, economist & commentators) http://bit.ly/RTD_University Connect with RTD on your favorite Social Media channels: Instagram – https://www.instagram.com/rethinkingthedollar/ Steemit - https://steemit.com/@rtd Twitter - https://twitter.com/RethinkinDollar Facebook - https://www.facebook.com/rethinkingthedollar Telegram - http://bit.ly/RTD_Telegram Support the Rethinking the Dollar channel: 1. Donate Cryptocurrency: https://www.rethinkingthedollar.com/donate 2. Patreon (Monthly membership): https://www.patreon.com/rtd 3. Get RTD merchandise: https://www.rethinkingthedollar.com/store 4. Purchase 10oz Silver Bar @ dealer cost: http://bit.ly/SDbullion10ozBar 5. Buy Cryptocurrency From Coinbase here: http://bit.ly/GetStartedWithCoinbase Get your product or service in front of more people. Contact RTD for business or interviewing opportunities at admin@rethinkingthedollar.com. DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar". Opinions expressed in this video should not be relied on for making investment decisions, tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education.
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Текстовые комментарии (490)
ms. upenda glover (17 дней назад)
wow. this is the first video i have seen addressing the pension crisis and its been years. the pension crisis is organized economic destruction like 1929, the dot com bubble and 2008. good job. excellent reporting.
T Mc (3 месяца назад)
Rethinking The Dollar (3 месяца назад)
Hello T Mc. Thanks for sharing your thoughts. Don't take my word for it just read the articles attached. :)
Kevin K (3 месяца назад)
golden parachutes and corporate welfare are topics not discussed here
Troy Brownrigg (4 месяца назад)
Good speaking voice, so much better than listening to robots/ mechanical voices.
Troy Brownrigg (4 месяца назад)
I see these state using property taxes to pay pensions. That creates a problem if you move to one of these troubled states and buy property, your paying for services that were not provided to others not you. Looks like one has to consider these states that are in trouble, and avoid them.
Robert Mcgee (8 месяцев назад)
Dems buying votes created the problem! Let it all crash! Get it over with.
BlackWorldTraveler (8 месяцев назад)
Already been through my pension crisis. Was cut in in half and frozen. But I didn't base my future retirement on just Social security and pension. I saved and invested in other things through the years. So I'm retiring early in 2020. Completely debt free. My pension will be $2800/mo. Social security- $2200/mo. 401k/Roth 401k- 1.3 million Roth IRA- $520k Have passive income and other investments,emergency funds,annuity,qualified dividends,muni bonds,CDs,etc.. Also free lifetime global flight benefits so won't cost anything to fly anywhere. And best thing of all I'm not married and no kids. So no courts,alimony,weaponized child support,drama,etc.. Girlfriend has her own wealth,career,etc.,and don't need me financially.
George Garner (8 месяцев назад)
We need more unions and less Republicans
jerry mander (8 месяцев назад)
Your not going to touch my 20,000$ month retirement, I need that much to just get by. Im a retired SCHOOL ADMINISTRATOR.
james moscoso (9 месяцев назад)
if they are private funded pensions they should be safer than a tax payer funded pension when we have been sending all our manufacturing jobs over seas for decades the tax payer base is not there.They have been systematically bringing this about by design for decades and the crash will be terrible
Dale Slover (9 месяцев назад)
Excellent, He says it like it is! It would behoove you to watch this several times and let it sink in, if you don't have 3 back up plans? your burnt!!!!!!!(Toast)
Raymond Garlick (9 месяцев назад)
This is what happens when you pay state workers more than the people employing them, The taxpayers. Then, allowing them to pay themselves better than average retirements.
Patrick Slevin (9 месяцев назад)
Here we are almost a year later and nothing has collapsed nothing. Bullshit on all these "scare the shit out of the public" web sites out there. Shame on You.
Rethinking The Dollar (9 месяцев назад)
Hello Patrick. Thanks for sharing your thoughts. This video wasn't meant to scare or spread fear. The goal is to inform those that are approaching the retirement age to consider that the promises made to them during the beginning of their work years may be broken sooner than later. Regardless of the timing I would imagine that you can see there's a problem wit guaranteeing income for life during a time when markets are artificially propped up with easy money?
Jim Nesta (9 месяцев назад)
Both of my grandparents, on my father's side, lived well into their mid-90s without having any kinds of illnesses or disability, hardy Italian/French lineage. My father is in his mid-90s and is healthy as a horse, alert and articulate despite having a lifestyle that is the exact opposite of what one should have to live a long and healthy life! I'm in my mid-60s and am in extremely good health and most people who don't know me think that I'm in my early to mid-40s. I've accumulated about $200K in savings and am planning to work at least until I'm 70, to maximize my retirement benefit under Social Security. If I'm still able to work the easy and non-demanding full-time job that I have at 70, I will continue to work full-time and then add my full Social Security(~$1800/mon) to what I already bank in savings(~$1000/mon) and try to build up my savings to about $300K to $400K by the time I'm in my mid-70s.I'm lucky in being rent-controlled in my apartment and paying about 1/2 market rate for rent and also having VA Healthcare(no health insurance premiums to pay). With a little planning and a little restraint on spending on unnecessary luxuries throughout life, I believe that almost anybody who is 50 or below can achieve similar results to mine. The big surprise to me was how quickly my savings grew when I adopted a simple and frugal lifestyle with minimal expenses: no wife, no girlfriend and no kids. I'm not claiming to be a genius, just somebody who had some good luck in life and tried to not make bad choices that would hurt me financially in the future.
Lazaros Dallas (10 месяцев назад)
Manos arribas
Johann Goethe (10 месяцев назад)
All the states painted orange are controlled by DemoRATS! I am moving to a RED state controlled by fiscally responsible republicans!
John Feld (10 месяцев назад)
America is broke
rkb100100 (10 месяцев назад)
This is the end game of social democracy.
Ray Milligan (10 месяцев назад)
the hard working people always get screwed and for all of the people that bleed off the Social program they do fine!
kamile kamile (10 месяцев назад)
adventully you run out of other folks money.
Wendy Davis (10 месяцев назад)
Pyramid scheme.
Mac Clark (10 месяцев назад)
Not to be smart or anything like that! But what the hell happened to the comprehensive annual finance report INVESTMENT POOL. You got to know about that from back in 90’s when Mutual Funds were Bitcoin of the Era. You remember when EVERY TOWN/ CITY/ COUNTY/ STATE/ U.S. & all the school districts/ garbage districts/ hospital districts/ and virtually any other districts you can imagine. Well they had money stashed from here to hell and gone. In every investment pool they had managers at investment pools usually East Coast for access to ultra- high speed cable. And yes I can tell you every time budget talks came around. They allocated more money then expenses would be. Then at the end of the Fiscal Year June 30th. They hurried up threw the money in Stockmarket Investment. Through those East Coast brokerages they are in the stratosphere right now. Every year they Roll them over into themselves and keep going with more money. All of it over time has created many Trillion more then that of our National Debt.
onlythewise1 (10 месяцев назад)
when a country filled with whites does a great job and then you fill it full of third world shits what do you think will happen
Kyle Wathen (11 месяцев назад)
move to iowa
James Winterfield (11 месяцев назад)
is anybody who collects a pension not a giant asshole ? or is that a magnet job for giant assholes? can we psychologically profile the people prone towards pension jobs ....
catsspat (11 месяцев назад)
So the governments and banks (what's the difference these days anyway?) have been running ponzi scheme (taking money from current working generation and paying for previous retired generation, while taking cuts) for decades. And now they're making excuses (oh no, people live too long blah blah). What kind of people are actually surprised?
LJ Man (11 месяцев назад)
Reform, Reform, Reform those unsustainable pensions . They are Not fair to the COMMON tax payers! This is just the tip of the iceberg
Gregory Chalmers (11 месяцев назад)
Fellow American
Dan Jones (11 месяцев назад)
“No quick fix in sight.” I’d say a fix, quick or slow is even possible.
Mike M (11 месяцев назад)
this is what happens when the fed. govt takes income taxes, and leaves little for the states. I'd rather pay more to the state than uncle sam. thanks cooperative federalism. unions too, somethings gotta be done about them.
Tom Bender (11 месяцев назад)
1930's.Reruns...Funny things are Happening...
D Brown Jr. (11 месяцев назад)
When you get shook down from the unions you get what you get. Get rid of unions.
sleepytickle (11 месяцев назад)
Get rid of these pensions. STOP paying them! Unless the current workers want to support the retirees..... THEY shouldn't get SHIT. If these lazy-assed, government workers have a problem, let them go to the asshole polititians who promised these pensions in exchange for their votes. The TAX PAYERS DO NOT OWE THEM SHIT.
Michael Tennyson (11 месяцев назад)
The states can always lock more people up and collect federal monies while getting free labourers at the same time! That's what Californication has done for decades! They can also confiscate peoples properties and any personal wealth for legal costs they can inflatedly attribute to those "criminals"! State governments are experts at cooking the books!
YoBro (11 месяцев назад)
Pension is a scam. It should be a crisis. Tax is immoral and illegal. Work for a living. Residential land need be free. No housing tax or license. Scams. Scams are self destructive. Proof. Eliminate public paid teachers and police.
Joy Casse (11 месяцев назад)
My co workers get upset @ me when I say pension is not guaranteed.. all well I need my duty
WACATX (11 месяцев назад)
Besides these pensions, we need, as a nation, to drastically reduce federal pensions !!!
peter oneil (11 месяцев назад)
Long term pensions don’t make any sense to me. Someone works for 20 years. Earning let’s say. $80k year. Then retires. And get like 60k year pension for as long as he lives ? Where the money gonna come from ? It doesn’t make mathematical sense !
800lbgrila (11 месяцев назад)
When you're on the back end of a ponzi scheme it always ends bad.
John Mc (1 год назад)
D90Girl (1 год назад)
Go into a Drop or lose it all in the long run.
Letta Mego (1 год назад)
words of M. Parenti """Will our children ever forgive us for our dismal confusion? Will they ever understand what we went through? Will we? By 1918, four aristocratic autocracies fade away, leaving so many victims mangled in their wake, and so many bereaved crying through the night. Now comes a different conflict. We have enemies at home: the schemers who trade our blood for sacks of gold, who make the world safe for hypocrisy, safe for themselves, readying themselves for the next"humanitarian war." See how sleek and self-satisfied they look, riding our backs, distracting our minds, filling us with fright about wicked foes. Important things keep happening, but not enough to finish them off. Not yet enough."  "The rich can't save anybody - not even themselves(Corporations) when unregulated, the built in elements of ever increasing growth (and profits) may well bring the whole system down.  The growing national debt is "a means to shift ever more money from the tax payers to the financial institutions in the form of interest payment."
gregg thunderburg (1 год назад)
Too many government employees retire at 50.and expect the taxpayers to pay them the same money for the next 30 year's,for sitting on their asses, fuck off.ask not,what can my country do for me.rather ask what can I do for my country.
Simon Mahon (1 год назад)
Hi, love your videos. You would be a king in Australia. We need more black guys helping the Aborigines here. They need more role models.... You could do alot here.
Jrny812 (1 год назад)
Great video on this topic. I like videos that provide the links to the research. Most people know this is a problem, but the reality has not set in yet. This is crazy we have a pension crisis, national debt crisis, healthcare crisis, student loan crisis, credit card debt crisis, housing bubble, stock market bubble, bond market bubble, political stalemates, aging populations, and then to round all this off we have increased use of automation annually, and climate change with a rising world population. This has bad written all over it. How long can each one of these last before they all fall like dominos?
Nic May (1 год назад)
Australian pension crisis politicians stole billons now country in crisis
Jacob Miller (1 год назад)
The problem isn't too few taxes. The problem is our government owes interest on every dollar created. There will never be enough dollars to pay off the principal + interest. It's like trying to make your credit card payments by taking out a loan. Then taking out another loan to pay for your older loan. As long as you keep taking out new loans, you can pay off the old ones before the new ones come due. Our system is fucking rigged, guys.
Nathan Svekowski (1 год назад)
Get out of debt...quickly...From the bottom up.
Carpathian (1 год назад)
Not sure how pensions work but people pay into this I imagine. So if people are paying into it and I'm sure there are new generations paying how can it go under?
kennith rogers (1 год назад)
I don't even know what a pension is. Something from work? Is it retirement? I never got one. Wish I knew what one is! Hu?
Hvem (1 год назад)
Great stuff my friend! Thank you.
like,share and subscribe (1 год назад)
You cannot earn 7% safely in a low interest rate environment which we will have for another 20 years. The federal government cannot pay interest on the debt in a normal interest rate environment. So either the pensions go bankrupt or the government goes bankrupt. Tough choice
marty mart (1 год назад)
I see so many people with their head in the clouds..... totally unaware and /or thinking the government will take care of it
marty mart (1 год назад)
trump should be talking about this.......
marty mart (1 год назад)
since this is partly a global problems. did these idiots leaders planned this crisis??? strange how its happening all over at the same time
marty mart (1 год назад)
the pension crisis is not being talked about..probably on their jobs...
lost one (1 год назад)
Here is the multiplier most are missing.  Right now stocks are up through the roof.  So many who are retied have their pensions and private investments taking care of them and life is grand.  If stocks go down, meaning economy slows down the timeline in which these pensions will become insolvent will rapidly increase.  This will be due to even fewer people being employed to pay into them, lower return on investments.  At which time you then have the largest elderly population in the history of the world especially the U.S. now looking to who to take care of them???   This could very well make the decline in 2008 look like a small bump in the road.   You may ask why didn't it happen in 2008 then.   We now have 10,000 baby boomers a day retiring.  That didn't exist in 2008 that's why now people are waking up saying ooops we forgot to carry that one and now our math is all wrong.
JoAnne Barrett (1 год назад)
Yes, it was timely and very informative. Thanks. To all generations, but esp. the younger kids--late teens/20s, etc, 'Id like to say this about that: Start, now, tightening your belt wherever you can--eating out, entertainment, home media, "down-sized" vehicle, traveling less (King Dollar actually sells every poopie item in their stores for $1.25--no surprises at the cash wrap), discount clothes, etc. Make a list of your very most essentials: food, required meds, doctor appointments, utilities, gasoline, car repairs... and go from there. You're at the best time to make friends. Hold onto them and treat them like gold--network and barter, teach each other skills...and, men, let the ladies in on your car repairs, etc. Accept from them according to their skills--what's moral and legal: baked goods, mending/laundering clothes, help with studies, typing, organizing...And, ladies, gentlemen...there are a lot of seniors (men and women) who need help. They may not be vocal, so you have to be observant. Do things without pay,. And, above all, don't depend on Credit! Buy just what's necessary to establish it, pay it out as agreed, then, buy with cash/credit-debit cards--based on your bank balance, only. Make a list of the suggestions I make; add to them, refer to them weekly so you'll be ready when opportunities come up.
546 cowboy (1 год назад)
You can thank the unions ( mainly teachers and state workers ) and state lawmakers for this mess. Their unreasonable demands and the system cause this to happen. Look when you allow these people to shut down you schools and government at the drop of a hat this is what happens. Even after agreeing to these outrageous demands the lawmakers will fail to allocate the money for these pension funds and then the debt becomes more than the government takes in.
INCOG NITO (1 год назад)
Chicago is a perfect example of the CORRUPTION that is going to be the catalyst for the next revolution. 1. Water TAX only makes it harder for those living in poverty to do their laundry. 2. Property TAX INCREASE makes it harder for the average homeowner. 3. Income TAX INCREASE makes it harder for those who actually work to make ends meet. 4. POP TAX! will FORCE people to go to the next county to do ALL their shopping. ALL these increases are for PUBLIC PENSIONS! ILL-inois lawmakers NEVER consider spending cuts. It's ALWAYS a NEW TAX or existing TAX INCREASE. PUBLIC GREED! They don't care WTF the MAMMON comes from. The State, especially Chicago is BROKE yet PUBLIC UNION DEMANDS do not decrease AT ALL. PUBLIC UNIONS and their EXTREMELY GREEDY members are killing this country. Remember PUBLIC UNIONS DO NOT COMPETE! Therefore there is absolutely NO justification for an increase in their salary especially if the state is BROKE! If a Company goes BROKE everyone loses their job. Imagine if every time a Company was going broke the state simply imposed a NEW TAX to subsidize their COMPLETE INCOMPETENCE. That is what happens in a PUBLIC UNION SCAM. 1. PUBLIC UNION threatens to strike. 2. They negotiate with a PUBLIC mediator. 3. The PUBIC mediator gives them WTF they want. 4. The can is kicked down the road to lawmakers to generate more income to pay for their GREED. BEHIND CLOSED DOORS. ANOTHER TAX! NO REPRESENTATION!
69ulf (1 год назад)
SUPER JOB!!!!! Thank you. they want to divide us against each other on every issue. when they do, they win, we loose.
Chuck Kostrzewa (1 год назад)
When it is about a "steel mill" I.E. "Bethlehem Steel" "Cruisable Steel" They lost it all!!!!!Same reason.....more retired than working. Tough pooh for the common man....This should not happen to government employees, quick! INCREASE TAXES!!!! HELP THESE POOR PEOPLE, GIVE MORE YOU WORTHLESS TAXPAYERS!!!!!
Samson X (1 год назад)
I see trouble on the way.  And I see bad times today.
DaveBraga (1 год назад)
Oh my. Many city, county and state public service retirees may have to live on only 4 to 6 times what we'll receive from social security. Poor things. How will they survive? There's such a double standard. Q: Who made those promises? A: The unions to its members.
Debbie Trexler (1 год назад)
Very informative...You present some great info about our debt collapse. I recently read that 50% of the body armour at the US Marshall service has expired and there is no money to replace it...I've tried to invison what a $900 billion medcaide cut would look like.. Will they roll all those old people out of the nursing homes onto the sidewalks? I've wondered if Federal pensions & social security may be next to be cut out. I would expect that home mortgage deductions will be cutout soon to improve tax receipts.
Charles Huse (1 год назад)
If the pension funds across the country fall flat on their face, I may wind up being better off than those on these badly managed funds. I am not expecting anything of the sort. I have never worked for anyone that offered anything more than a crap 401k plan.
northerniltree (1 год назад)
Can't see about a dozen states. You have to move over. Thank you.
Scott Collom (1 год назад)
Just more proof that our stock markets are manipulated,we are very close to the re set.There is a storm coming,store food water some cash ,gold and silver collectable coin
smb12321 (1 год назад)
It is so much easier to agree to union demands (in return for votes of course) than tell the truth - if it fiscally irresponsible to pay folks unreasonable pensions for 20 or 30 years work. Ruinous pension plans lead to less savings (why save when you can get the same pay in retirement?) and a push for more taxes to support these absurd plans.
Asif Chowdury (1 год назад)
Guys when do you think the next recession will occur, so far economy is modest but Ive read a few indicators on yield curves and etc and think maybe were do for one in Late 2019 or if not one in 2021. Any thoughts
Ričards R (1 год назад)
Just learn forex.
John Jones (1 год назад)
Great speech. Offer no solutions at all but no one cares. Most seem to know nothing and deliver even less. Take it from a cat.Your money is in the stock market. If you want it out. You'll have to play.Or go your own way.
BOLD like a Leopard (1 год назад)
RTD, do you ever do live call-ins or livestreams? I'd love to work on one with you. Great work.
powerboyj roblox. (1 год назад)
i heard Illinois was going bankrupt..
WeAreTheResistance (1 год назад)
You're awesome
itsalmostover (1 год назад)
our state govoner robbed our pension funds, and the ASFME union voted for them to do it! we are in the process of get another union. ASFME union is legal extortion, they do absolutely nothing for its members at all.
Wolf Fortright (1 год назад)
Lol I knew cal was one of them
J Dizzle (1 год назад)
10 years after the banks crashed the market now its affecting the pensions......this is what the elite people wanted for the last 60 years
Chris Nelson (1 год назад)
steve b (1 год назад)
It's a PIGGY bank. NOT a penny bank.
SongSwan (1 год назад)
There is no way for a decreasing number of producers to support an increasing number of non producers....eventually it becomes a one man see saw.
Bruce Symington (1 год назад)
So, basically, for decades workers sacrificed some portion of their pay each fortnight, to ensure that there would be something there when they became too old/infirm to work, and the employers, those in charge of said pension, cheated the workers by not paying in to the fund.  It would be difficult to argue that the workers could not have made better use of their money if it were given to them, not put into a bankrupt pension.  Pensions are not a good thing.  They should be abolished.  It should be up to each of us to provide for ourselves in our dotage, not up to the government (aka other people).  Pensions become a huge distorter of the stock markets etc. because they have such huge amounts of money.  They give people a false sense of security so they don't do anything to prepare for the future, because 'the government will take care of me'.  We need less, not more government participation in our lives, and this is a good place to begin.
ThomasTheSailor Chubby (1 год назад)
At least they have pensions, even if they are cut, It's more than many people have.. I worked every day since I was 14.. I worked for smaller businesses cuz I hate giant ones, If Social Security is still around in 5 years, I'll be living in poverty for My retirement.. I paid my SS taxes for 42 years, For that, i get to live in poverty, You can't save money for retirement if you have kids, it's impossible.. The Fed has t do something, this Country will fail; at this rate.. Younger workers will overwhelmed with taxes to pay for all these pensions. They will quit,
Gordon Stewart (1 год назад)
The Pension Funds need to  temporarily leave the financial  markets, until the time these markets of all types  are forced to return to fair market value .Their leaving will  be the catalyst to  a massive market correction that must happen if  their pension funds  are to become solvent. Between a 50-70% reduction in present  value  would be the sign to re-enter  into new  investments..When that momentous event actually happens ,markets will again be able to retain percentages that can accommodate  the payouts the funds must deliver on.
Italics Mine (1 год назад)
These pension obligations didn't just fall from the sky; they were negotiated over the course of 40 years by the unions to give better deals to their members. That's fine, but for those working stiffs who don't get annual pensions equal to 80% of their salary; and the ability to retire after 25 years, it's hardly fair to ask them to pay more taxes to support the luxurious lifestyles (by comparison) of others.
Ms NLasVegas (1 год назад)
I didn't even realize pensions in the private sector still existed #brokeamericans
Sky One (1 год назад)
Thanks for this information. I keep hearing about the pension problem, I have a 401K. I hope there's not a problem with that later.
Sky One (1 год назад)
Ok thanks so much I will watch the linked video.
Rethinking The Dollar (1 год назад)
Hello Sky One. Thanks for sharing your thoughts. Its unfortunate that the promises made a long tine ago will not be fully honored. The goal now is to shift the responsibility off the corporations and onto the people by self funded accounts like 401k's, IRA's, etc. All of those vehicles offer the same level of uncertainity as well. For more details watch my last interview RTD Ep:69 to learn about the dangers of 401k's etc. Here is the link https://youtu.be/IVZdSJ6zENI
VentionMGTOW (1 год назад)
You friggen rock dude! You've got a new subscriber. The only solution is aquiring real assets, gold, silver, bitcoin, guns, ammo, preps, and a home that's paid for. I have a couple pensions as well but I'm not expecting much from them.
Mark Snyder (1 год назад)
A man with journalistic integrity! Thank you
acajudi100 (1 год назад)
Super greedy landlords and utilities are taking almost all of our pension. I may have to move to Thailand.
Jim Nesta (1 год назад)
Chicago wants to get a "payday loan"? Shouldn't be a problem with all those shady loan joints on street corners in the ghetto.
Jim Nesta (1 год назад)
Here in California, one of the big problems with trying to restore solvency to these funds is the intense opposition by unions to any kind of increased contribution by the workers. Another problem is the almost obscenely generous pensions given to police and firefighters, far greater than what most full-time workers make. We have a big problem here with "pension spiking", where workers suddenly get their salaries greatly increased in the last few years of employment. The pension amounts are most greatly affected by the salary levels shortly before retirement.
TisiphonesShadow (1 год назад)
It should be illegal for states to raid pension plans to obtain money for other projects.
lifeisgood070 (1 год назад)
I would personally never rely on a pension or ss. It's better to enslave people with rent or a reliable product - garnering you income. But seriously, looking at the big picture. Yes, the numbers don't add up and there is inpending doom. But the rules that worked in the past won't work in the future. And I bet just like a desperate child, any cop, teacher, or state employee that doesn't get his/her pension will likely be banging on some doors or shooting some people up. They'll get the money and the government will find a way to give it - even if they have to print it so your and my $50,000 is only worth $5.
hetchiballi (1 год назад)
wrong. 'rethinking the dollar'? how about re-establish in the dollar as real money, back it with silver, an essential and portable commodity? the pensions were unsustainable from the beginning, they are a non-contractual as the liable parties were not knowledgeable of the equity and did not consent. the idea that a ghost-money can replace a commodity backed currency is ridiculous. if you think that the pensions/government waste has been deleterious then just watch what happens when you commit be your faith to electronic global 'currency'.
Rethinking The Dollar (1 год назад)
Hello Hetchiballi. Well said. The goal is to get people to understand what money is and then the rethinking part should be easier. Ever single person has to put themselves on a metal standard once they realize the truth. Thanks for the comment.
Michael Laverty (1 год назад)
Hey MY Brotha.. Maybe you forgot the Looting & Plundering the American tax payer is trying to recover from the Banking cartel heist of 2007 So while you fumble with verbage WE have long ago know what they do to loot pension funds just ask the people who where fucked out of theres .. Your whole Shpeel is total fucking bullshit I really love listening to the One in a million educated articulate Negro that doesn't sound like one .. Wow .. I'm impressed .....I'll try and re member to put aside more from the less than half what I was earning in 88 YOU FUCKING ASSHOLE
they will be paid, only in worthless paper
Neal Hixon (1 год назад)
Excellent report!!
Heywood Jefferson (1 год назад)
There will be millions of government workers that will feel the pain of not receiving pensions. Public pensions should have NEVER been created in the first place. Pennies on the Dollar !!!!
Pentcho Rouynekov (1 год назад)
The Pensioner rate eventually will be reduced.
MARILYNANDERSON88 (1 год назад)
I agree, the young people look up to the retirement system for their life support, as do the boomers, however in hte past retirement had not been invented, and the families had the total responsibility for their elders. Now the family is so greatly reduced, even no family, just these retirement systems to rely on, and every hedge fund in the world coveting your retirement fund and trying to gamble the funds away, this is math and money no scarcity actually exists in the USA to pressure the people like this. Thanks for watching out for all of us!

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