MONEY: “Public” pensions should be under scrutiny by both taxpayers and potential recipients

Sunday, September 24, 2017

http://www.jasonstapleton.com/651-this-time-its-different-really/

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Great article out of Zero Hedge today covering the current pension crisis in America. If you’ve listened to this show for any length of time, you know the public pension system is wrecked. But this article really went into detail about how it all might shape out in the end. Let’s just say it’s not a rosy picture. Like Mauldin says, “There are no good choices anymore.”

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An excellent point that BOTH taxpayers and those future “public” pension recipients should be very skeptical and demanding that the politicians and bureaucrats be accountable.

Political promises are worth the paper that they are printed on. (Hint: It’s all oral.)

Forewarned is fore armed.

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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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MONEY: Socialism’s achilles heel

Wednesday, January 4, 2017

https://reason.com/archives/2016/11/28/the-secret-dangerous-world-of

The Secret, Dangerous World of Venezuelan Bitcoin Mining
How cryptocurrency is turning socialism against itself
Jim Epstein from the January 2017 issue

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Four years ago, Alberto’s career prospects were bleak. The 23-year-old Venezuelan had just graduated from college with a degree in computer science, but his nation’s economy was already shredded by 13 years of socialism.

“There were job opportunities, but they paid like $20 a month, and we were used to traveling and buying things from abroad so we couldn’t settle for that,” his friend Luis recalls. Alberto and Luis—whose names have been changed for their own safety—teamed up to start a clothing business, but the venture floundered.

Then Alberto discovered bitcoin mining.

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But the main factor driving Venezuelans to take up bitcoin mining is a price control put in place by the socialist government: Electricity is virtually free.

Bitcoin mining requires a lot of computer processing power, which in turn requires a lot of electricity. In most of the world, utility bills eat into the cost of mining. In places where energy prices are high, it can even be a losing proposition. But in Venezuela, the government has turned bitcoin mining into something akin to owning a home mint.

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Guess the Gooferment there never figure this one out!

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MONEY: And “We, The Sheeple” are the victims

Sunday, October 9, 2016

http://deviantinvestor.com/8262/inflation-is-theft/

Inflation – The Simple Explanation is Theft
Posted on October 7, 2016 by Gary Christenson

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Inflation is a form of theft. Keynes understood it nearly a century ago when he said, “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

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I’m so TIRED of the sheeple not recognizing it.

So, what to do?

Stop using Federal Reserve Notes.

Barter, trade, save your nickels, save in gold or silver.

And, don’t let ANY politician tell you that things are just great.

They are using the Federal Reserve System to silently rob EVERYONE who holds a Federal Reserve Note. 

The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.

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MONEY: The “Secret Sauce” = Stable Currency

Monday, September 5, 2016

http://www.oftwominds.com/blogsept16/Byzantine9-16.html

The “Secret Sauce” of the Byzantine Empire: Stable Currency, Social Mobility
September 1, 2016
How did Byzantium endure for 1,000 years after the fall of Rome?

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A stable currency. When the Empire devalued its currency for the first time in the 13th century, it triggered a long-lasting loss of faith in the currency. This devaluation was the beginning of the end, as the Empire never recovered its financial footing.

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Well, the USA certainly missed the boat on this one. The US$ has lost 99% of its value in the last 40 years.

How do we turn that about?

It’s easy. END THE FED!

The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.

Tie the value of the dollar directly to gold and silver as the Dead Old White Guys had in the Constitution. (They knew the ravages of “paper money” inflated by bankrupt Gooferments.

Will we?

I doubt it.

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MONEY: States have to protect us against Currency Debasement, but will they?

Tuesday, July 26, 2016

http://tenthamendmentcenter.com/2016/07/16/four-ways-states-can-take-on-the-federal-reserve/

Four Ways States Can Take on the Federal Reserve

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There are practical steps that can be taken at the state level to promote the use and acceptance of sound money and undermine the Fed’s monopoly on money.

Control the money and you control the people.

The federal government has done just that in the Unites States.

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1. States Have the Ability to Defend Sound Money

2. Recognizing Gold and Silver as Legal Tender

3. Eliminating Sales Taxes and Capital Gains Taxes on the Exchange of Money

4. Establishing State Depositories and Money Exchange Systems outside the Clutches of Federal Bureaucrats

5. Enforcing Private “Gold Clause” Contracts to Protect against Currency Debasement

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Now where do we find State politicians and bureaucrats that will fight for freedom and liberty?

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