MONEY: Pensions in the bulls eye

Sunday, March 31, 2013

http://www.wnd.com/2013/03/poverty-hits-the-suburbs/

WND EXCLUSIVE
Poverty hits the suburbs
Disturbing stats show dangers overlooked as Wall Street bulls run wild

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He calls “the great 401k experiment of the past 30 years” a “disaster,” and says the actual average 401(k) balance for 65 year olds is closer to $25,000 than the $100,000 claimed by the retirement industry. Siedle predicts, “a catastrophic outcome for at least a significant percentage of our elderly population is inevitable.”

He is just as pessimistic about pensions, warning, “Americans today are aware that corporate pensions have been virtually eliminated and that the few remaining private, as well as the nation’s public pensions, are in jeopardy. Even if you are among the lucky few that have a pension, you cannot rest assured that it will be there for all the years you’ll need it. Whether you know it or not, someone is busy trying to figure how to screw you out of your pension.”

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Obviously, the individual will have to save for themselves.

And, it’s in things that will retain value.

Not numbers on a bank statement.

Productive assets.

Bullion.

Bullets, bandaids, beans!

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POLITICAL: Modern Day Bread Lines

Friday, November 2, 2012

http://lewrockwell.com/slavo/slavo125.html

Food Stamp Nation: What a Modern Day Bread Line Looks Like (Infographic) by Mac Slavo

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Wow. The e-benefits hides the actual problem!

This picture brings it out!

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RANT: The Irish bishops are making a severe blunder

Tuesday, February 22, 2011

http://www.catholicculture.org/news/headlines/index.cfm?storyid=9343

Irish bishops condemn ‘selfish’ economic policies, support higher taxes
February 21, 2011

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Less than a week before elections in the Irish republic, the Irish bishops’ conference has released a statement charging that current public policies violate principles of justice and offend against the common good.

The statement released by the bishops’ committee on justice and peace, entitled From Crisis to Hope: Working to achieve the Common Good, said that the country’s current economic problems can be traced to immoral policies and perspectives. “Greed became dominant, trust was betrayed, and the result was the recession in which we now are,” said Bishop John Kirby of Clonfert, at a press conference in Dublin introducing the statement.

Bishop Raymond Field, a Dublin auxiliary who chairs the justice-and-peace committee, said: “Poverty and social exclusion, experienced by increasing numbers of people in Ireland today, North and South, represent gross violations of human dignity.”

The bishops’ statement called for greater efforts to relieve poverty, both in Ireland and, through foreign aid, in developing countries. The statement suggested that Ireland’s tax rates must be raised to support the necessary social services.

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With all due respect to the Irish bishops, they are made a severe blunder. They are not fighting the evil King, defending human freedom, and protecting religious freedom.

They are buying into the meme of a government that does everything. The Nanny State.

A better meme is “That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed”.

They would be better served by learning from the Good Samaritan. He helped the victim out of his own pocket. He didn’t make others pay for his charity. He took pity on the victim but didn’t call for the Gooferment to fix the problem.

There are many reasons why the bishops are blundering. Two that come to mind right off the top of the head — charity to be effective has to be personal — AND — involving politicians and bureaucrats makes the overhead costs skyrocket.

Poverty can’t be fixed by stealing from some and giving to others.

The USA’s “War on Poverty” is an abject failure. The richest country in the world and in recorded history couldn’t “solve” poverty. Because Gooferment was the meme.

Is it charitable to keep the poor poor?

Gooferment “welfare” isn’t designed for people to prosper. It’s designed to keep the maximum number of voters voting and bureaucrats employed.

Peal away the disincentives to success and train people to stand on their own two feet and help themselves. Tough love. With Churches, Fraternal Organizations, Clubs, Societies, Families, Clans and groups to provide “help”. “Help” that really helps; not ensnares people in despair and multi-generational poverty as “welfare farmers”.

We can do better. And, the bishops should lead; not whine for more Gooferment handouts.

Argh!

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