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Pension CRASH Is Coming! - Congress's Committee To Bail Out Pension Funds

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Josh Sigurdson talks with author and economic analyst John Sneisen about the coming pension crash as a new story comes out regarding Congress's new committee to bail out 200 pension funds! You know it's bad when congress is so eagerly expecting the failure of the pension system. So-called private plans or the 1400 multi-employer plans in question are in a $553 billion short fall. In the new, big government spending bill, congress snuck in a provision that creates a committee that allows congress to use federal funds to bail out as many as 200 multi-employer pension plans. These are plans where employees and unions jointly provide funds. Of course this is corporatism to the max. Pensions are dependence. Unfortunately so many have been thrown into that dependence unwillingly. Individuals should save for themselves. All people should be looking to save for their futures. Unfortunately, the government and banks force people into giving part of their earnings to some centralized authority that usually employees know nothing about and are supposed to trust them to correctly manage their savings. So instead of saving in what one has done due diligence into, some insolvent bank will make the decisions. And they are insolvent. We recently reported on the cash to deposit ratio at banks and they are completely bankrupt. So to trust them with your money is incredibly risky. Young people are unlikely to ever get a pension which is why it's important young people learn about money and savings themselves and look to whatever they come to believe in. As we approach a massive fiat crash, the likes of which the world has never seen (inevitably), it's time people start taking real precautions and be financially responsible. There's hardly anything more important. Self sustainability is the hallmark of freedom and life itself. Stay tuned as we continue to cover this growing issue. Video edited by Josh Sigurdson Featuring: Josh Sigurdson Graphics by Bryan Foerster and Josh Sigurdson Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShallPrevail/ Follow us on Twitter here: https://twitter.com/WorldAltMedia FIND US ON STEEMIT: https://steemit.com/@joshsigurdson BUY JOHN SNEISEN'S LATEST BOOK HERE: Paperback https://www.amazon.com/dp/1988497051/ref=zg_bs_tab_pd_bsnr_2?_encoding=UTF8&psc=1&refRID=ZBK6VTXQRA2F77RYZ602 Kindle https://www.amazon.ca/dp/B073V5R72H/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1500130568&sr=1-1 DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU Buy Tickets for G. Edward Griffin's much anticipated Red Pill Expo 2018 in Spokane, Washington by clicking the link below: https://redpillexpo.org/wam/ref/26/ World Alternative Media 2018 "Find the truth, be the change!"
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Текстовые комментарии (71)
World Alternative Media (8 месяцев назад)
HOW YOU CAN HELP KEEP WAM ALIVE! GoFundMe: https://www.gofundme.com/w3e2es Patreon: https://www.patreon.com/user?u=2652072&ty=h&u=2652072 Bitcoin: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU Buy Tickets For G. Edward Griffin's Much Anticipated Red Pill Expo 2018 in Spokane, Washington by clicking the link below: https://redpillexpo.org/wam/ref/26/ Find John's latest book here: https://www.amazon.com/Canada-Greatest-Economy-World-yourself/dp/1988497051/ref=sr_1_1?ie=UTF8&qid=1514417791&sr=8-1&keywords=john+sneisen Thank you! We can't do it without you! ~ Josh
The Economic Truth (8 месяцев назад)
Eagle40 The US government pensions are gone unfortunately.
Eagle40 (8 месяцев назад)
World Alternative Media ... What about all the state government and teacher pension plans. In PA the corrupt teacher pension funds are 60 billion in the hole. Company pension funds have been disappearing for years. The real problem is these government pension funds that have been putting states in the hole. Any information on this?
InspireNewGeneration (8 месяцев назад)
Is Canadian pension at risk as well? RRSP & CPP. What if you own physical metals, when is the right time to ise them?
Chris B (8 месяцев назад)
So clever dicks where are we supposed to save for our pensions, cash soon worhless, stocks about to crash, crypto a gamble.
Charlie Jeans (8 месяцев назад)
The pension age is set knowing 70% won't live enough to collect it. 20%:wont be collecting it for for more than 10 years. The last 5% will be self funded.
ba sook (8 месяцев назад)
ballout with what money?
Ghost Rider (8 месяцев назад)
Thanks guys, informative and scary.. as usual these days.
Robert Burns, Jr. (8 месяцев назад)
Pensions are going under while corporations are getting richer. People taxed into oblivion.
Enrique Mesonero (8 месяцев назад)
Hahaha not money for pensions and they going to spend $1 TRILLION on the militaries fucking shit
Sinjinbin 64 (8 месяцев назад)
OMG THIS IS REALLY BAD... But whats even much worse is that Im ALL OUT of FUXS to give about it!😁
Craig Clougher (8 месяцев назад)
i want y'all 2 chant it with me now. Goes like this > SNEE SUN.. SNEE SUN.. SNEE SUN !
Derrick Streets (8 месяцев назад)
Almost sounds like Karl Marx was right Mission Point dialectical materialism
MrFreiheit (8 месяцев назад)
Fuck 'em, let them starve. Stupid enough to saddle their great grandchildren with debt, it serves right that they bear that trespass themselves.
Frank Margel (8 месяцев назад)
I own STEEM! I have STEEM! Time to retire! next!
dtzman (8 месяцев назад)
The majority is still sleeping or ignoring all the red flags. How do we wake them up ? I gave up, everybody around me thinks I am nuts.
The Economic Truth (8 месяцев назад)
Meet up with other good people! That’s how I got to where I am today!
Elias Green (8 месяцев назад)
They think I'm crazy too. Nothing I've said works. They just keep digging into debt., and failing to prepare in any way.
Jonathan Quintana (8 месяцев назад)
hey man I can relate, nothing you can do lol
Yonas K (8 месяцев назад)
ITS NOT A BUBBLE, ITS A FUCKING PONZI!!!!!!
GiveMeEyeballs (8 месяцев назад)
good stuff guys
Andrew Stewart (8 месяцев назад)
I'm in the Canadian military and some of the guys can't understand why I'm not relying on my pension alone to take care of me.
The Economic Truth (8 месяцев назад)
Andrew Stewart unfortunately People who believe the government pension and many other pensions are in for a rude awakening.
roggie77777 (8 месяцев назад)
I'm in the same boat I've tried to warn people for years, show them the numbers and provided potential solutions for them. All I get is kill the messenger not the people who are doing this so I've given up on them. All the best
balderdashery G (8 месяцев назад)
Yeah, but pensions are safer in Canada.  Unless paper Is useless.  These guys are talking about American pensions so.....
Jo Brown (8 месяцев назад)
Oh my does John ever remind me of my brother. Beautiful smile and really smart. Thanks guys! Really appreciate your reporting!
BackToConstitution (8 месяцев назад)
Stop looking at each other! What do you need, reassurance? Look at the viewer! Never break that focal point, unless you are looking at notes
Karl Haynes (8 месяцев назад)
Treasuries can ALWAYS be paid back. The federal reserve notes they print to pay them will be worthless, but they'll get paid back.
Kris Bogacki (8 месяцев назад)
thats a great idea
Kris Bogacki (8 месяцев назад)
they are horrible im still listening
Kris Bogacki (8 месяцев назад)
notice i stay
rickmalone270 (8 месяцев назад)
We are headed for a crash of apocalyptic proportions!
DIKIDI (8 месяцев назад)
The Bank Are Full Of Cash LOL (2008 TO 2018) JOKE
D Ishappywithlife (8 месяцев назад)
Venezuela is a clear example of worthless money 💰!! And other Countries don't think that could happen to them? Think Again!!
The Economic Truth (8 месяцев назад)
D Ishappywithlife I’m writing a new book that will go deep into the history of money. Stay tuned as we are making same mistakes as China did 5 times over 400 years
strattuner (8 месяцев назад)
venezula has a thieving con artist self made little god who cares nothing for his people,he is lion devouring people who can't even eat,we have a infrastructure worth 23+ trillion worth,no we are going to suffer,life and fools,who think they can keep a bottom line  in a world of chaos,no we aren't VENEZULA ,but we are in the hands of fools and corruption,old family thieves who steal from the world,not just individual countries
porkchop (8 месяцев назад)
There would be plenty of money to go around if we didnt spend 60% of the budget on corrupt illegal wars...thats just one issue. What about the trillions missing stolen?? If we just held these Bastard accountable, we would have the healthcare we need, the education required to compete and much needs infrastructure repair. Your field of view is much to narrow.
Matt ward (8 месяцев назад)
You guys should watch todays X22 Spotlight interview with Lynette Zhang where she puts a nail in the crypto coffin.
Matt ward (8 месяцев назад)
you've been brainwashed, with 10% daily swings it will never amount to anything except something similar to a penny stock and a very risky gamble. Nothing will be priced in it because thats how you really go bankrupt.
Tanner Gray (8 месяцев назад)
Matt ward It's not an either or. Gold is currently a better store of value than Bitcoin, but gold is not capable of replacing the dollar when it inevitably collapses. When the dollar collapses Bitcoin will take a significant share of the currency market, if not dominate it. Gold/silver cannot and will not do that. You emotion in the matter clearly shows alternative motives
Matt ward (8 месяцев назад)
YEA!! and you trying to tell me the 10% drop in crypto now is a good quality of money??? YOU ARE A FOOL LIVING IN A CRYPTO FIAT PONZI SCHEME FANTASY MORON!!!
Matt ward (8 месяцев назад)
yea moron!! how much of your Bitcoin Fiat value are you losing today???? SHOULD HAVE BOUGHT SOME GOLD/SILVER!!!!!
Tanner Gray (8 месяцев назад)
Matt ward No one is rushing to back crypto with gold and silver. It is impossible to do so because gold and silver have poor qualities of money. Gold and silver mandate 3rd party custody to be used in trade. 3rd party custody always results in Ponzi schemes. That is why gold and silver cannot be used as currency.
C K (8 месяцев назад)
what does JOHN think of Sprott allocated silver fund? it suppots you controlling your pension/rrsp
The Economic Truth (8 месяцев назад)
C K it is better than a lot of other RRSP investments. And allocated should give you ownership over serial numbered bars.
philip ramsey (8 месяцев назад)
Here in Canada, tax laws dictate that any and all withdrawals of $10,000 must be reported to the tax department. However, after the 2008-2009 financial crises, the banks adopted a policy restricting withdrawals to $5,000 per day. A few years ago the policy was revised to only $2,500 per day. Also, the client must make an appointment to make the withdrawals and wait up to a week to get their cash.
Gilles Leblanc (8 месяцев назад)
That could be.
smorgie77 (8 месяцев назад)
Funny story, I went to the bank about two months ago for a draft. I didn't have a name to put on it but they REQUIRED a name to put on it. I said I'll take cash then and they handed over $6k in cash. The other day I took out $3k in cash without a hitch. Me thinks that policy is branch related.
Gilles Leblanc (8 месяцев назад)
Hi Philip, last week a withdrawal $9,000 without any problems from my Canadian account.
philip ramsey (8 месяцев назад)
gurvirj95v2 any bank in Canada. Just ask to withdraw the maximum amount of your own money. Paying bills and electronic transfers to other accounts or institutions do not count as a withdrawal. The $2,500 daily limit is for cash at the teller and ATM machines combined. Want a source for proof and you live in Canada, check your bank.
gurvirj95v2 (8 месяцев назад)
Source?
Jos Tow (8 месяцев назад)
I guess you can save your money in your mattress, cause there is no safe place to put your money. I get robed no matter what.
dubstep1994 (8 месяцев назад)
You get robben if you dont invest them instantly. They lose value in the maddress even.
The Economic Truth (8 месяцев назад)
Jos Tow Precious metals
edwin c (8 месяцев назад)
Jos Tow crypto
Bridgeburner (8 месяцев назад)
US tax-payer to the rescue, per usual.
Laura (8 месяцев назад)
John if you are standing with a placard I will gladly join and help you. I keep telling people don't support the banks , don't keep money in the banks, don't take credits, loans, mortgages and I am taken as a crazy person by most of the people. That would be great to stand out with placards, that's the only way to make the banks broke: don't support them.
JOE peeer (8 месяцев назад)
what a scam,,,the money was never there ,,,,,,try liqudate any fund ,,,they all insolvent ....just paper numbers and ceo paychecks ...
Smufter16 (8 месяцев назад)
For those already retired (in the U.S.), there is no plan B because plan A is just Social Security which itself is on the ropes. A lot of people didn't make enough to create a large savings and were told their whole lives that they would get SS and some, a pension. It is criminal what has happened. No wonder the Deep State wants our guns.
Dwight Cook (8 месяцев назад)
Smufter16 as long as people pay into social security. Retired people will get it. You fucking morons lack simple common sense. What you pay in is not saved for when you retired. It’s paid out to people retired. If the government ever tries to stop paying out social security that will end this country. They are not that fucking stupid. They know this. They only attempt to get away with what they can. Further more I wished they would. I’m ready to kill as many people in congress as I can. Fuck them.
Greg ###### (8 месяцев назад)
I have it made. I can live of my vintage Enron stock , Toys are us Stock , Circuit City Electronics , Radio Shack Bonds and fully backed Puerto Rican Bonds , party on...
Greg ###### (8 месяцев назад)
Hey Hey , The Donald was FORCED to sign the budget bill by Ivanka... Sign or else she will join the Democratic party..
C K (8 месяцев назад)
PFFFT. alpha males tell women where its at not other way around
Spartacus of Thracian (8 месяцев назад)
John go on a whole foods plant based diet.
Done 101 (8 месяцев назад)
Any fund that supported a democrat is exempt from bailouts
Garett Guenot (8 месяцев назад)
Great information. People think I'm nuts when I say pensions are fucked

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