American Retirement Plans

[Michael74]

Pensions Have never been fully funded.

With honest money, it would be easy to calculate which ones were. Employees would know what they were getting into when applying for a job.

...dB usually dnot have inflation increases built into them.

Exactly, Bankers are confiscating most DB pensions with inflation. Oppression of their elders.

 

[Michael74]

Gold wouldn't be available nor does it gain.I buy gold for stability in sour times not fir investment it's a commodity

A gold standard does not mean that you buy gold yourself. It means credit cannot be created, because there is no additional gold to back it up. It means honest money would once again be in the land, instead of bankers constantly changing the measures.

Differing weights and differing measures-- the LORD detests them both. Proverbs 20:10 NIV

 

[jasonc]

A gold standard does not mean that you buy gold yourself. It means credit cannot be created, because there is no additional gold to back it up. It means honest money would once again be in the land, instead of bankers constantly changing the measures.

Differing weights and differing measures-- the LORD detests them both. Proverbs 20:10 NIV

Uhm Gold worked real well for the Spanish ,credit? You mean bankers Loan ,repaid by taxes ,aND just eat a municipal bankruptcy. Towns were abandoned in.the late 1800s here.

 

[jasonc]

With honest money, it would be easy to calculate which ones were. Employees would know what they were getting into when applying for a job.



Exactly, Bankers are confiscating most DB pensions with inflation. Oppression of their elders.

Not if they habe it where they collect at 20 ,aged 38.at 75 percent of pay.

 

[Michael74]

Uhm Gold worked real well for the Spanish.

Actually, it did. Spain became a world power, and colonized most of the Americas. Spanish is still spoken in most of central and south America.

 

[jasonc]

If what you say was true Gold would have funded our wars,it never has.we went of it for each war prior to the depression .

 

[Michael74]

If what you say was true Gold would have funded our wars,it never has.we went of it for each war prior to the depression .

The gold window was closed in 1973. Yet we still managed to win WWII, WWI, the Civil War, the War of 1812, the Spanish American War, and the Revolutionary War before then.

Indeed, a case could be made that closing the gold window in 1973 led to losing Vietnam when the communists conquered South Vietnam shortly thereafter.

 

[jasonc]

Actually, it did. Spain became a world power, and colonized most of the Americas. Spanish is still spoken in most of central and south America.

Spain lost that aND had a recession after 1720s.europa suffered aND also the colonial powers Fought .you didn't think st .augustine aND the English colonies lived in peace.no they had to protect themselves.

They also used slave labor to get Gold.
https://en.m.wikipedia.org/wiki/Price_revolution

 

[Michael74]

Spain lost that aND had a recession after 1720s

Spain had mostly run out of gold by the 1720s.

 

[jasonc]

The gold window was closed in 1973. Yet we still managed to win WWII, WWI, the Civil War, the War of 1812, the Spanish American War, and the Revolutionary War.

Indeed, a case could be made that closing the gold window in 1973 led to losing Vietnam when the communists conquered South Vietnam shortly thereafter.

We went Off the stabdard them.back on.you can't eat Gold .

 

[jasonc]

Spain had mostly run out of gold by the 1720s.

No then article said inflation. From.the gold was before that.too much Gold .you.assume there was no greed on gold. It isn't history.I hate the fiat system but the crash of 1890 created the federal reserve and the only.wit the Gold created it .jp morgan

 

[Michael74]

.you can't eat Gold .

Well, that's true.

 

[Michael74]

No then article said inflation. From.the gold was before that.too much Gold .you.assume there was no greed on gold. It isn't history.I hate the fiat system but the crash of 1890 created the federal reserve and the only.wit the Gold created it .jp morgan

I have no problem with using alternative methods to attain an honest dollar.

 

[Michael74]

A major repricing event is coming, more likely a series of them over the next 5-7 years.

Pension plans will be devastated.

The stock market is super valued. Historically, valuation has been correlated with future return. Return going forward is likely to be sub par, if history is any guide. Manias are a recurrent theme throughout history, and future return from mania valuation tends to be sub par.

Future sub par return will leave pension plans vulnerable to bankers' terrible inflation. Including 401k plans.

 

[jasonc]

Your complaining about bankers who are appointed by the congress ,a tax funded agency.

In the 1890s,money was so bad,that farms used tokens to pay workers aND loCal stores honored it.on the Gold standard even!

 

[Michael74]

I'm simply reporting that most pension plans are doomed. Most Americans will be dependent upon Social Security.

Pension plans, including 401k plans, can be rescued if voters vote for an honest dollar.

 

[jasonc]

I'm simply reporting that most pension plans are doomed. Most Americans will be dependent upon Social Security.

Pension plans, including 401k plans, can be rescued if voters vote for an honest dollar.

You.said honest money ,meaning we go back to the gold stabdard and somehow have money to pay debt.we forced the strongest bank in the world of Gold!china will simply declare war or say pay up in.gold .then what?

Forcing others unto ss will not solve it either,that bonds is traded on exchange or is backed by now broke treasury. Banks in the case of a crash will have to be rescued aND cash returned.this has happened and the fdic,aND ncua went broke.banks closed abd were bought out.

 

[Michael74]

You.said honest money ,meaning we go back to the gold stabdard...

Not necessarily, there are various ways to achieve honest money. Our ancestors used a gold standard to protect themselves from inflation, and it worked for them.

china will simply declare war or say pay up in.gold .then what?

Not likely. We have more nukes than they do, and a better navy. They can't invade mainland USA.

Forcing others unto ss...

I'm not forcing anyone to become totally dependent on Social Security. Bankers are doing it by inflating away private pensions and 401k plans. If you want to rescue treasury, honest money is the way to go. If people have their own pensions, they won't be as dependent upon Social Security.

In addition, bankers are printing medical inflation way beyond the CPI. Taming medical inflation will rescue treasury, because medicine is its #1 expense.

 

[jasonc]

Not necessarily, there are various ways to achieve honest money. Our ancestors used a gold standard to protect themselves from inflation, and it worked for them.



Not likely. We have more nukes than they do, and a better navy. They can't invade mainland USA.



I'm not forcing anyone to become totally dependent on Social Security. Bankers are doing it by inflating away private pensions and 401k plans. If you want to rescue treasury, honest money is the way to go. If people have their own pensions, they won't be as dependent upon Social Security.

In addition, bankers are printing medical inflation way beyond the CPI. Taming medical inflation will rescue treasury, because medicine is its #1 expense.

What steel do we produce?
Again unless you suggest we default that 20 trillion it's going to cost.where is the the money to fund the navy? Who would pay it,

We were on honest money on this

http://www.u-s-history.com/pages/h792.html

Gold was declining.in order to get enough Gold to pay the military we will haft to shady china,aND that's going to hurt us as we simply dont have the industry.


http://www.u-s-history.com/pages/h759.html

Pensions for the civil war ,military .

History shows I have a point.

I have no viable solution, though I'm not against the gold standard. Only thar you make it sound like a mass deflation of the dollar won't hurt.it woukd hurt any who bought a home now.as well there home values dropped.would you buy a home abd call it a great return if it went to a third of irs value?

 

[Michael74]

What steel do we produce?

We could produce steel again. We used to produce lots of steel, before bankers gave the market to China. Industry requires savings, which the US doesn't have because bankers punish savers. China has a 50% savings rate, so they have the industry.

...where is the the money to fund the navy? Who would pay it...

Income taxes. Without bankers inflating revenue away, it would again support the navy.

...it woukd hurt any who bought a home now.as well there home values dropped.would you buy a home abd call it a great return if it went to a third of irs value?

Oh come on. Homes would hold their value just fine. Homes didn't lose 2/3 of their value in countries when they were on the gold standard. By contrast, when bankers printed a housing mania in 2007, homes lost much of their value in 2008. People who bought the top of the mania were in a situation. Honest money keeps prices stable.