Rob Cuse
Member
I like your approach.
"And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet" Matthew 24:6
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the "new normal" in the US
- Thread starter Christ_empowered
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I like your approach.
"And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet" Matthew 24:6
Oh, money is still there, but it doesn't buy what it used to. The bank has confiscated the hapless retiree's purchasing power. During a 40 year career, a dollar can lose 75% of its original purchasing power inside the pension plan or 401k before a worker even gets to retire to spend it. Then it keeps right on losing purchasing power every year thereafter.
Inflation (divers weights and measures) is the banks evil war on their elders.
I guess we should ignore the those recessions on gold and silver, the later especially since more silver was found. the price of money dropped.
nevermind that in the 30s when ss was started there was this ratio of workers to retirees. 14:1. what is it now? 8:1 if I remember that right. that has a lot to do with it. we cant work any retirement like mine and expect it to be realistic and when it fails blame the bank for something that might have been and honest gesture but isn't sustainable. I pay this monthly. 80 dollars a month, matched as well by the tax payer.
basing that on 1920 per year and at 30 years I have given that to the fund which is 57,600. my benefit at that age will be about 1500 a month. so how long will that last ? that means im paying for those on it and the tax payer. social security that way. the banks have not much to do with that nor does inflation( they raise the rates when they gave out raises which is at the most inflation. sometimes its 1%. social security works the same. save there is no trust fund like the state/city/county. I can remove all that I have given and take it with me or spend it when I leave.
I have followed what will happen to my pension and what did happen to the florida retirement system. we have cops/government employees that leave with a pay out of over 100 grand in some owed time. not counting their pensions! I don't fall into that. I would collect what Is owed for my vac time if I left but that has been changed. if I don't burn the old system dues up, I get them. but if I do. I cant collect.
http://blogs.wsj.com/marketbeat/2010/09/23/gold-vs-recessions-lets-go-to-the-charts/
you must be a government employee as I am. I don't like some of the changes to the plans in that well we are broke with that but lets spend money on me the politician. free healthcare, their pension is untouched. but where I work, the city electric/water users pay in higher or lower rates depending what is done by the city. some of them don't have any say in what goes on. the city residents have said we want lower rates. pension adjustments is one way. either that or they see ad valorem make up the difference. when gm went bankrupt several teachers pensions in several states lost money. gm isn't a bank, they own one that is called gmac and insurance but the car maker made some bad decisions and they paid for it. the government bailed them out. another topic.
http://www.forbes.com/sites/briando...dard-had-nothing-to-do-with-panics-and-busts/
I see things where I live, in general the wealthy here have an entitlement mentality. I posted that I had a talking to about parking in a yard. I won that. my boss did tell me that I will not park there, but we aren't paying for bad grass that has nothing to do with what I did for one day a month and for two hours if that on that property. they have the money to do things but will try to get others to pay for it if they can. if I leak oil on their driveway. I will be asked to pay for the entire resurfacing of it. this also happens to the paper carriers. they get told , no, the paper will not pay for that. one spot doesn't warrant and entire brand new drive way.
if you are honest in politics, you don't get elected.
I see things where I live, in general the wealthy here have an entitlement mentality. I posted that I had a talking to about parking in a yard. I won that. my boss did tell me that I will not park there, but we aren't paying for bad grass that has nothing to do with what I did for one day a month and for two hours if that on that property. they have the money to do things but will try to get others to pay for it if they can. if I leak oil on their driveway. I will be asked to pay for the entire resurfacing of it. this also happens to the paper carriers. they get told , no, the paper will not pay for that. one spot doesn't warrant and entire brand new drive way.
if you are honest in politics, you don't get elected.
Divers weights and measures enables this shenanigans. With consistent weights and measures, its a simple matter to calculate how much will be needed to pay promises. If a dollar put into a pension plan will capriciously only be worth between 5 cents and 15 cents in 40 years, accurate planning will become impossible.
The dollar cities saved for a workers pensions 40 years ago when he was young is worth only pennies now. Why did they bother?
The dollar cities saved for a workers pensions 40 years ago when he was young is worth only pennies now. Why did they bother?
so you don't believe in borrowing or investing? seriously having it based on gold is going to stop that mistake? ss wasn't based on gold then, and yet it was way more sustainable. the workers to retiree ratio is the key. since the city or state pension fund is similar to that its hard not see my point. the issue is more workers paying in. less on the tax payer, and also less taking as they collect it earlier. do the math of the nyc employee. he starts at 18 retirees at 38 and dies at 76. he will have taken more out then he put in that isn't doable! my pension was never set up that way. yet it cant handle it we do have men in their 90s who retired in the 60s still collected. they don't get much of a raise. its not going up for them. 1% isn't a lot.
bankers and well the government, the government is the one that borrows but again it controls or tells one bank. if we have largess pension plan, how on earth can one like nyc where they mandate 20 years and your down in these jobs? cops, garbage men, mechanics. do the math. they will have more paid not to work then to work! that is a type of inflation
http://www.investopedia.com/articles/07/banking.asp
of course inflation affects things that is a given but seriously you cant just expect at times banks will make mistakes and fail and or succeed there has to be allowance for failure and success. interest has to be made on the investement. by your arugment men like gates et are dirt poor sure they don't have the dollar like they used but well in the days of regean the german mark was worth more then the us dollar. it has been that way for some time before the euro.
http://www.investopedia.com/articles/07/banking.asp
do you really want a man like jp morgan having all the gold and doing the exact same thing that the federal reserve does? given that , what would be the difference? sure that could be avoidable if the government didn't put itself there but that can also work bad as well. he who has ALL or most of the Gold rules!
I don't like the massive amount of borrowing the federal reserve does or at times what banks do. but im not like that about them all.
they cant predict what the market will do. I see that you aren't listening. they don't need to know the value of the dollar just what the market is doing so that they can invest wisely. they don't usually or shouldn't take that high of a risk but if they need a decent return sometimes they must
I do believe in investing. Investing produces better results when there are consistent weights and measures. Inflation just leads to financial bubbles that misallocate capital. An example would be the housing bubble a few years ago, and myriad mortgage backed bonds are toast because of it.
The Lord understands how things work better than bankers do.
Divers weights, and divers measures, both of them are alike abomination to the LORD. Proverbs 20:10 KJV
pensions are a bubble.tell me how money isn't lost on those?the enron crash hit my state hard. I know a man who lost 100 grand.besides when Isreal was on gold and silver they had so much of it was a bondage.666 is really about that Solomon made Isreal that way as he abused what he received. The exchangers were around then.it's mentioned in Mathew and in the ot.so how can I save 75 percent of my take home pay and retire and not use your money?investing will fail.no risks no gain.even in your ideal.defined benefits dont work
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http://www.businessinsider.com/if-l...-like-defined-benefit-pensions-so-much-2014-2
man I have got some consulting to do. that is saying what I was thinking that retirement is bet if the future is there and well tomorrow isn't promised.
man I have got some consulting to do. that is saying what I was thinking that retirement is bet if the future is there and well tomorrow isn't promised.
Exactly. The bank is printing financial bubbles, which history shows to be a mistake..
Firs the bank printed the Y2K bubble, then the bank printed the housing bubble, now the bank Is printing yet another bubble. Additional capitals is being misallocated with each succeeding bubble.
And the Lord spoke to Moses, saying, “This applies to the Levites: from twenty-five years old and upward they shall come to do duty in the service of the tent of meeting. And from the age of fifty years they shall withdraw from the duty of the service and serve no more. Numbers 8:23-25 ESV
The Lord made provision for the retirement of Levites, who were His employees.
The Lord made provision for the retirement of Levites, who were His employees.
iLOVE
Member
If a Christian relates more to the natural realm more than the supernatural realm this means you have a hardened heart. If your norm is just the natural stuff, and if being supernatural is abnormal for you, you have a hardened heart.
Why work?why eat?we all die If gold could eliminate grèed.then Isreal would never have split.banks base cash on gold they still must be.did a bank force me to buy my home in the bubble?no! Mom used to feed us all on 75 bucks a week. Her lump sump payout in now in a divestment pays her nearly much as I make. You over exaggerate inflation a bit
mom did that in late 70s.it's gone up for sure but so gas wages. I don't like the fiat system but gold based currency will not prevent recessions or depressions
it will reduce them
Gee I guess that trust fund for my kin should be gone.alas no
it was started in 74.I stared collecting in 2011.it's enough for the seven on it .several hundred each .grandma and grandad saved despite several busted business. It wasn't easy for them not going to be easy for me or anyone but not impossible.of course they had monet given to them go start it.death gratuity.one can save via life insurance
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god didn't make him.its wise to save
Why work? The righteous not the Lord leave an inherentance.Abram had land sheep.he gave that to Isaac
god didn't make him.its wise to save
Christ_empowered
Member
one of the probs is that wages have fallen flat, and large segments of the population apparently earn less, in terms of buying power, than decades ago. Meanwhile...predictably, the rich (especially the very rich) get richer, more people are on some sort of assistance, and even the middle class has taken a huge hit.
The bank had nothing to do with enron a one year recession Over 911 did a lot but then came the housing bubble which was started by what? The gubbernment mandate to sell and people buying homes they KNEW they couldn't afford.a man making 20 grand a year in a 400000 dollar home?Sure the banks are at fault but caveat emptor! I researched and made sure I could afford my home
Government is in part to blame
banks give out them subprime loans or be out of business
I can remember the leading economists saying that medicare would go bankrupt by 1997.
That was during the Reagan administration.
P.S. What's with the new avatar?