America Is Red, White and Screwed! Your Pension Funds Will Soon Be Gone!

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by Dave Hodges, The Common Sense Show:

Over a decade ago, comedian, Lewis Black, popularized the phrase “red, white and screwed”. Those words were never more acccurate than they are today as we examine America’s financil situation.

America’s Cognitive Dissonance
Have you ever sat in a room and couldn’t figure out why people were laughing? They laughed and laughed and laughed as your curiosity grew and grew. And then, suddenly, you realized they were laughing at you! This is what is happening to all Americans. We have been robbed blind and we have scarcely noticed. Now, our very existence is being threatened and people laugh at you for talking about it as they call you a “conspiracy theorist”, “fear-monger” and “the purveyor of doom and gloom”. For me, and for this two part series on the collapsing economy and what you can do about it, this will be one these days. In honor of the cognitive dissonance crowd, I am thinking about adopting a new pen name, Chicken Little, because the economic sky is indeed falling.

“What’s Coming, Is No Longer Coming, It Is Already Here”
Steve Quayle once uttered those words on my radio show and they apply to the economic environment in America today.

The financial problem facing most Americans is two-fold: (1) Almost all retirement accounts are in economic distress; and, (2) the banks have positioned to “keep” all of your money that is in the bank. The combination of pensions collapsing and the subsequent bank failures that will follow will devastate about 50% of all Americans. You might be asking, why wouldn’t these two events devastate 99% of the country? Simple, 25% of all Americans do not have a bank account and about half of America lives paycheck to paycheck and could not absorb an unexpected $400 car repair bill. The latter group does not have far to fall. However, those with money, are on the verge of being wiped out by what is coming, and it is by design.

This article will focus on the retirement and pension failures. This will lead to a cascading effect throughout the economy and result in widespread bank failures. The bank failures will be the topic of Part Two of this series.

Periodically, in the past five years, I have warned that the globalists were putting together a multi-level plot to steal all of your cash assets. For myself, this process has been like watching a bridge being built with every phase of construction, in some way, being dedicated to finishing the job. Then, when the bridge is complete, the cars begin to drive on the bridge. This is where we are at today from an economic point of view. The globalists have systematically put into place a thorough undermining of your cash assets. Why? When the preplanned collapse comes, these shadowy forces will control youand this globalist bridge to disaster is almost complete.

The following is a brief summary of what the globalists have done, the trap has been set and the country is largely unaware. After you read this article as well as tomorrow’s Part Two, you will have no excuse but to prepare, if you have time, because the collapse of our economy could come today or tomorrow or in two years.

From This Day Forward, Most Americans Will Never Know Retirement
To some extent, the fact that most Baby Boomers will never know retirement is self-inflicted. In the US, the latter half of the Baby Boomers, born between 1946 and 1964, have less than half the savings they need for retirement, according to a Legg Mason report. And only a third of Americans that have access to a 401(k) plan contribute to it, per US Census Bureau research. (Social Security, as an aside, isn’t looking so great either). However, to those who have properly planned, you are going to take a financial bath. And like most things that are bad for America, this has its origin in the Obama administration.

Obama Positioned to Steal Your Retirement Before Leaving Office
Obama’s appointment of criminal Jack Lew to head the Secretary of the Treasury was mind-boggling and nobody cried foul. What Lew did was beta test deigned to ultimately take down the economy. Jack Lew was one of the biggest criminals on Wall Street. While at Citigroup, Lew oversaw 113 tax evading accounts in Cayman Island banks. Based upon Lew’s resume, hedge funds for Citigroup where he lost almost 600 million dollars, one can only assume that is why Obama had appointed Lew to put America in the direction of finishing the job which will leave you and I with nothing. Obama may as well have appointed Al Capone and Capone stole far less money than Lew. But wait, there’s more dirt on Lew. Jack Lew, from Citigroup, in which he was an overseer of hedge funds. You know, the hedge funds originating from the actual criminals that collapsed the economy back in 2008. This is who Obama selected to run the economy. In Lew’s last year, he announced that the government was taking the unprecedented action of avoiding governmental defaut by including tapping into and suspending investments into the Civil Service Retirement and Disability Fund and halting the daily reinvestment of the government securities (G) fund, the most stable offering in the Thrift Savings Plan‘s portfolio. Yes, this was only temporary, but it was very telling for our time. Lew and fellow criminals will later move to steal all retirement accounts after they leave office and that day is upon us. The handling of these Civil Service retirement accounts was merely a beta test and the sheep remained asleep. When the economy collapses, they will do what all communists have done in the past, they will move to seize all retirement accounts in order to “protect” what’s left. This is a fancy way for saying, “Hi, we are from the government and we are here to steal your retirement. Someday you will get it back”. Someday will never come and you will be 80 years old working at Walmart to pay for your health insurance because your retirement is gone.

That Was Then, This Is Now
How well did this plot work? Let’s take a brief overview of the situation as it sits today.

At the end of 2017, about 114 multiemployer pensions covering more than 1 million workers are due to run out of money within the next two decades, including the Teamsters’ Central States Pension fund, but according to reports from actuarial consulting firms Segal Consulting and Cheiron Inc. the overall state of the system is …the fund could not withstand a major economic set back in the present time without collapsing.

Steve Quayle once uttered those words on my radio show and they apply to the economic environment in America today.

The financial problem facing most Americans is two-fold: (1) Almost all retirement accounts are in economic distress; and, (2) the banks have positioned to “keep” all of your money that is in the bank. The combination of pensions collapsing and the subsequent bank failures that will follow will devastate about 50% of all Americans. You might be asking, why wouldn’t these two events devastate 99% of the country? Simple, 25% of all Americans do not have a bank account and about half of America lives paycheck to paycheck and could not absorb an unexpected $400 car repair bill. The latter group does not have far to fall. However, those with money, are on the verge of being wiped out by what is coming, and it is by design.

This article will focus on the retirement and pension failures. This will lead to a cascading effect throughout the economy and result in widespread bank failures. The bank failures will be the topic of Part Two of this series.

Periodically, in the past five years, I have warned that the globalists were putting together a multi-level plot to steal all of your cash assets. For myself, this process has been like watching a bridge being built with every phase of construction, in some way, being dedicated to finishing the job. Then, when the bridge is complete, the cars begin to drive on the bridge. This is where we are at today from an economic point of view. The globalists have systematically put into place a thorough undermining of your cash assets. Why? When the preplanned collapse comes, these shadowy forces will control youand this globalist bridge to disaster is almost complete.

The following is a brief summary of what the globalists have done, the trap has been set and the country is largely unaware. After you read this article as well as tomorrow’s Part Two, you will have no excuse but to prepare, if you have time, because the collapse of our economy could come today or tomorrow or in two years.

From This Day Forward, Most Americans Will Never Know Retirement
To some extent, the fact that most Baby Boomers will never know retirement is self-inflicted. In the US, the latter half of the Baby Boomers, born between 1946 and 1964, have less than half the savings they need for retirement, according to a Legg Mason report. And only a third of Americans that have access to a 401(k) plan contribute to it, per US Census Bureau research. (Social Security, as an aside, isn’t looking so great either). However, to those who have properly planned, you are going to take a financial bath. And like most things that are bad for America, this has its origin in the Obama administration.

Obama Positioned to Steal Your Retirement Before Leaving Office
Obama’s appointment of criminal Jack Lew to head the Secretary of the Treasury was mind-boggling and nobody cried foul. What Lew did was beta test deigned to ultimately take down the economy. Jack Lew was one of the biggest criminals on Wall Street. While at Citigroup, Lew oversaw 113 tax evading accounts in Cayman Island banks. Based upon Lew’s resume, hedge funds for Citigroup where he lost almost 600 million dollars, one can only assume that is why Obama had appointed Lew to put America in the direction of finishing the job which will leave you and I with nothing. Obama may as well have appointed Al Capone and Capone stole far less money than Lew. But wait, there’s more dirt on Lew. Jack Lew, from Citigroup, in which he was an overseer of hedge funds. You know, the hedge funds originating from the actual criminals that collapsed the economy back in 2008. This is who Obama selected to run the economy. In Lew’s last year, he announced that the government was taking the unprecedented action of avoiding governmental defaut by including tapping into and suspending investments into the Civil Service Retirement and Disability Fund and halting the daily reinvestment of the government securities (G) fund, the most stable offering in the Thrift Savings Plan‘s portfolio. Yes, this was only temporary, but it was very telling for our time. Lew and fellow criminals will later move to steal all retirement accounts after they leave office and that day is upon us. The handling of these Civil Service retirement accounts was merely a beta test and the sheep remained asleep. When the economy collapses, they will do what all communists have done in the past, they will move to seize all retirement accounts in order to “protect” what’s left. This is a fancy way for saying, “Hi, we are from the government and we are here to steal your retirement. Someday you will get it back”. Someday will never come and you will be 80 years old working at Walmart to pay for your health insurance because your retirement is gone.

That Was Then, This Is Now
How well did this plot work? Let’s take a brief overview of the situation as it sits today.

At the end of 2017, about 114 multiemployer pensions covering more than 1 million workers are due to run out of money within the next two decades, including the Teamsters’ Central States Pension fund, but according to reports from actuarial consulting firms Segal Consulting and Cheiron Inc. the overall state of the system is …the fund could not withstand a major economic set back in the present time without collapsing.

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