- Sep 12, 2012
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What most people don't know is we have a real pension crisis happening today. WallStreet has siphoned off billions of dollors in exorbitant fees, and they are making risky investments with people's pensions. Politicans who know nothing about money are giving the vault keys to hedgefund managers who are laughing all the way to the bank with your money. Billions are being siphoned off, and most people don't even realize what's happening. They think that they are guaranteed that money for life, but the reality is they are going to be in for a rude awakening. Rhode Island is currently going thru a very big pension issue as well. https://www.providencejournal.com/opinion/20190504/editorial-unfathomable-pension-debts
So, I've always been a proponent of not relying on the government for anything. Most people are just ignorant about investing, and it's a shame because we are headed for a crisis. WallStreet destroyed the subprime market back in 2007/08. The truth is Wallstreet is going to do the same with the pension program as well. It's funny how many police and firemen support Trump, but he's very good friends with the crooks who are stealing pension money right from under thier noses. Trump's buddy Rod Blagojevich stole millions from the pension system and will probably be pardoned by Trump in the near future. The truth is Wallstreet wants your pension. Period. And, they will get it especially if Trump is reelected.
You can watch this video by Robert Kiyosaki (Rich Dad Poor Dad) with Ted Siedle who wrote a book together "Who Stole My Pension." Yea, the video is a big push to sell their book but it's still a very interesting watch. They also talk about the disadvantages of having a 401k as well. Truth is most Americans with a 401k only have on average $50-60k saved. That was shocking to hear. Whether you hate Robert and think he's a scam artist or like his work, I think the video is worth checking out IMO. Thanks.
So, I've always been a proponent of not relying on the government for anything. Most people are just ignorant about investing, and it's a shame because we are headed for a crisis. WallStreet destroyed the subprime market back in 2007/08. The truth is Wallstreet is going to do the same with the pension program as well. It's funny how many police and firemen support Trump, but he's very good friends with the crooks who are stealing pension money right from under thier noses. Trump's buddy Rod Blagojevich stole millions from the pension system and will probably be pardoned by Trump in the near future. The truth is Wallstreet wants your pension. Period. And, they will get it especially if Trump is reelected.
You can watch this video by Robert Kiyosaki (Rich Dad Poor Dad) with Ted Siedle who wrote a book together "Who Stole My Pension." Yea, the video is a big push to sell their book but it's still a very interesting watch. They also talk about the disadvantages of having a 401k as well. Truth is most Americans with a 401k only have on average $50-60k saved. That was shocking to hear. Whether you hate Robert and think he's a scam artist or like his work, I think the video is worth checking out IMO. Thanks.
France strikes: nurses, teachers and lawyers join pension protests
Dozens of schools close and rail services severely hit as demonstration enters 36th day
www.theguardian.com
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