MONEY: Can the PBGC go broke?

Sunday, March 5, 2017

http://www.zerohedge.com/news/2017-03-03/pension-benefit-guarantee-corporation-running-out-cash-millions-affected

Pension Benefit Guarantee Corporation Running Out Of Cash, Millions Affected
by Tyler Durden Mar 3, 2017 5:08 PM

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The Pension Benefit Guarantee Corporation (PBGC), an entity created to “guarantee” pensions of private corporations, is on the verge of bankruptcy.
Teamsters and other unions are poised to take huge pension hits. Previously, airline employees have taken a hit.

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Can the Gooferment ever run out of the money it prints?

But that being said this is one of those “unfunded liabilities” in that “the current 18T+ national debt and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with” that I grouse about.

Now unless the life span of fat old white guy injineers magically increases, I won’t be around for when the crushing debt and defaults hit. 

Personally, I think the Gooferment politicians and bureaucrats will just inflate the debt away and there goes any savings denominated in dollars. 

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POLITICAL: What are the politicians and bureaucrats trying to hide

Saturday, March 4, 2017

https://arstechnica.com/tech-policy/2017/03/california-supreme-court-no-you-cant-hide-public-records-on-a-private-account/#p3

SO MUCH FOR PRIVATE SERVERS —
California Supreme Court: No, you can’t hide public records on a private account
“Open access to government records is essential.”
CYRUS FARIVAR – 3/2/2017, 2:28 PM

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The California Supreme Court ruled Thursday that state and local officials must disclose public records even if those “writings” are held on private devices or accounts. The City of San Jose and the County of Santa Clara had argued that such records could be exempted from the California Public Records Act.

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Makes you wonder, doesn’t it?

That’s why I wouldn’t make a good politician and bureaucrat. I’d put ll my email on the blockchain.

Laugh!

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GOLD: Return to the gold standard to discipline Gooferment spending

Thursday, March 2, 2017

https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/2/#66dec3d87314

 

FEB 25, 2017 @ 09:00 AM
President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again
Ralph Benko,   CONTRIBUTOR

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As Paul-Martin Foss of the Menger Center astutely points out the Federal Reserve Board currently has three vacancies. If Trump were to fill those vacancies with three sophisticated gold standard advocates from the short list of Lewis E. Lehrman (whose eponymous Institute I formerly served), Dr. Judy Shelton (who served as an advisor on his presidential economic transition team), former presidential candidate Steve Forbes, and John Allison, former CEO of BB&T (preferably as vice chairman for regulation) the president would create a super “beachhead team” at the Fed to seriously restore equitable prosperity.

These appointments would be the safe and sure first steps out of economic stagnation for America. Couple these with a White House “Team B” to plan the enactment of the Jack Kemp Gold Standard Act and removal of the regulatory and tax barriers to using gold as currency. Then watch an American economic miracle take place.

Mr. President: “No such thing as a global currency?” The dollar is the global currency. Want prosperity? Heed Chairman Greenspan and do not just view but restore “gold as the primary global currency.” President Trump: replace the dollar with gold as the global currency to make America great again. We have the gold.

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Politicians are addicted to fiat money — they print as much as they can spend.

The USA will NEVER return to prosperity without fiscal discipline.

Argh!

And the current 18T+ national debt and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with will certainly sink this “Titanic”.

Argh!

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INTERESTING: Talking about !

Wednesday, March 1, 2017

https://www.ted.com/talks/rose_george_let_s_talk_crap_seriously

Let’s talk crap. Seriously.
By Dan Dennett

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Sometimes mentioning the unmentionable is a major step forward. Rose George’s witty, fact-filled talk about the problems we can solve if only we start taking shit seriously is just such a step. Human excrement is not just a major source of disease; it also can be a source of remarkably effective medical treatments, and of energy. Putting poop where it can do good rather than harm is surprisingly easy and inexpensive once we clear away the myths and taboos.

It’s often said that water will be in the 21st century what oil was in the 20th century, and among the most effective ways of preserving and enlarging freshwater supplies worldwide are revolutions in how we dispose of our excrement. It’s mainly social attitudes that stand in the way of adoption of these practices and systems. So here’s a great opportunity for social activists to participate in the meme-spreading that could wipe out the shit-spreading that’s fouling the environment. Don’t preach, don’t teach; reach out, in the ways Rose suggests.

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When I was a young fat old white guy injineer, there were a lot of jokes about “sanitary engineering”, but we learned how essential it is to human survival.

It’s sad that some MANY children die from “easily” preventable causes.

Argh!

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