PENZIONERKA RAZBILA MIT DA U NEMAČKOJ TEČE MED I MLEKO: Petra se preselila u jednu susednu zemlju i UŽIVA KAO NIKAD U ŽIVOTU (VIDEO)
Ni u Nemačkoj ne teče med i mleko, a to
je dokazala Nemica Petra Kalenbah koja se nakon odlaska u penziju odlučila preseliti u Bugarsku.
Naime, ona u Nemačkoj ne može da živi od svoje penzije pa je odlučila da potraži sreću
u državi u kojoj je život jeftiniji. O njoj je snimljen dokumentarni film 'Bugarski san'.
u svojoj 65. godini odluči kako želi kvalitetniji život jer ima mesečnu penziju od 700 evra i kada plati stan 500 evra mesečno i ostale troškove, njoj ostane nekih 20 evra na raspolaganju. Ona želi puno više od života i smatra da treće doba nije
prilika za čekanje smrti, nego prilika za početak nekog novog života. Ja sam nju u stvari hteo da prikažem kao nekog junaka koji se u svojoj 65. godini odluči da preseli u Bugarsku, čiji jezik ne poznaje, ne poznaje ni ćirilicu, ali želi kvalitetniji i bogatiji
život nego u Nemačkoj. U Hamburgu je ona čak odlazila po humanitarnu pomoć koja se deli jednom nedeljno", ispričao je reditelj Srđan Šarenac za Dojče vele.
Pojasnio je kako ona sada u Bugarskoj stan plaća 155 evra mesečno te da od svoje penzije može puno kvalitetnije da živi. "Može da si priušti i odlazak u pozorište
i u bioskop, može da ode na večeru,... Dakle sve ono što u Nemačkoj nije mogla da ima iako je rođena Nemica i iako je tamo provela ceo životni vek i zaradila nemačku penziju", kaže reditelj.
Bugari su je, dodaje, odlično prihvatili, a s najboljom prijateljicom komunicira preko Gugl prevodioca. Na pitanje živi li ona 'bugarski san', Šarenac
odgovara: "Da, da. Petra sada živi šest godina u Bugarskoj. Ona je i dalje u gradiću Kavarni gde je otvorila umetničku galeriju i gde izlaže svoje slike. Pojašnjava kako je filmom želeo da razbije predrasude jer se s Balkana gleda na Nemačku
kao zemlju u kojoj teče med i mleko. "Ja sam zapravo svojim filmom htio da razbijem taj stereotip i pokazati da u Njemačkoj postoje i siromašni slojevi stanovništva kao što su nemački penzioneri. Mnogi od njih su svoj ceo radni vek proveli
u Nemačkoj, radili 35-40 godina da bi na kraju završili sa 700-800 evra sa čime oni teško, teško preživljavaju", kaže Šarenac.
Kurir.rs/Večernji Foto: Profimedia
Može da priča ko šta hoće, Srbija je majka. Muka mi od naših gastarbajtera sa pričama o standardu, u nemačkoj gule parizer i beli dan ne vide, a rade poslove koji bi im ovde bili ispod časti. Da rade i
ovde koliko tamo živeli bi ko lordovi.
ХОЛОКОСТ 21 века: настоящие УЖАСЫ ЖИЗНИ пенсионеров в России — Гражданская оборона Телеканал ICTV Published on May 30, 2017 Великая и духовная страна Россия постоянно рассказывает о загнивающей Европе, проклятой Америке и запутавшейся во всем Украине. И на все это можно было бы закрыть глаза, если бы в своей собственной стране, руководство РФ действительно обеспечило достойный уровень жизни своих граждан. Почему к пенсионерам в Великой и духовной относятся как к отработанному материалу? Как голодают и сводят концы с концами старики в Якутске? Почему в России в случае беды никто не поможет? Настоящие ужасы жизни простых россиян смотрите в новом выпуске программы «Гражданская оборона» от 30.05.2017!
Немец говорит ПРАВДУ о МВФ; 15 min.
Вдовин Сергей Published on Jan 25, 2016 Category News & Politics Suggested by Gold1NetworksTV KenFM-Positionen 2: Ethik oder Etat - Sind unsere Werte nur Börsenwerte?
-Алекс Алексеев 2 weeks ago 👍👍👍👍👍👍 Умный немец!!!! Всю систему бакса за 10 минут раскидал!!!!
Kostya Bahsmakow Kostya Bahsmakow 7 months ago Да мвф это убийцы государств и стран
- Ludmika Telia 11 months ago ВОТ ТАК МВФ ВСЮ ЖИЗНЬ ГРАБЯТ ВСЕ СТРАНЫ, И ТОЛЬКО ЧТО СТАЛИ ПРОСЫПАТСЯ НА ВСЮ ЭТУ МАХИНАЦИЮ!!!
The way out, perhaps by Re-Programing your mind!
11.05.2018 – Turn Off, Tune Out, Drop Out
An unknown but likely staggeringly large percentage of small
business owners in the U.S. are an inch away from calling it quits and closing shop.
charles hugh smith
Timothy Leary famously coined the definitive 60s counterculture phrase, “Turn on, tune in, drop out” in 1966. (According
to Wikipedia, In a 1988 interview with Neil Strauss, Leary said the slogan was “given to him” by Marshall McLuhan during a lunch in New York City.)
An updated version of the slogan might be: Turn Off, Tune Out, Drop Out: turn off mobile
phones, screens, etc.; tune out Corporate Media, social media, propaganda, official and unofficial, and drop out of the status quo economy and society.
Dropping out of a broken, dysfunctional status quo in terminal decline has a long history. The chapter
titles of Michael Grant’s excellent account of The Fall of the Roman Empireidentify the core dynamics of decline:
The Gulfs Between the Classes
The Credibility Gap
The Partnerships That Failed
The Groups That Opted Out
The Undermining of Effort
Our focus today is on The Groups That Opted Out. In the decline phase of the Western Roman Empire, people dropped out by abandoning tax-serfdom for life in a Christian monastery (or as a worker on monastery lands) or by
removing themselves to the countryside.
Today, people drop out in various ways: early retirement, disability or other social welfare, homesteading or making and saving enough money in the phantom-wealth economy that they can quit official work in middle
We can see this in the labor participation rates for the populace at large, women and men. The labor participation rate reflects the percentage of the population that’s in the workforce, either working or actively looking for work.
the number of people in the workforce has declined significantly is well-known. The US Census pegs the number of people ‘not in the labor force’ at 95 million. This includes people who are disabled, in school, etc., so the number should be taken
with a grain of salt. But the decline in the relative size of the labor force is remarkable:
Interestingly, the labor participation rate for women has held steady compared to the entire populace.
Now compare it to the labor participation rate
for men, which has absolutely cratered:
The difference between genders is striking.Gender roles in society and the economy are clearly causal factors. Many have speculated that the decline in traditional strongholds of male employment such as manufacturing
explain the decline of males in the workforce. As for the high participation of women, we might speculate that being caregivers for children and elderly parents requires earning an income, and as these responsibilities continue to fall more heavily on females,
it may be that fewer women have the option of dropping out.
As for turning off, consider this account of tech overlords turning off their own childrens’ access to screens (via GFB): A Dark Consensus About Screens and Kids Begins to Emerge in Silicon
Valley “I am convinced the devil lives in our phones.”
I’ve written about mobile phone and social media addiction many times, so the reluctance of tech elites to let their own children suffer the ravages of digital addiction isn’t
As for tuning out, the strident voices of political polarization are not as widespread as generally perceived: Hidden Tribes: A Study of America’s Polarized Landscapefound that the rabidly leftist / “progressive” tribe
is a mere 8%, and their opposite tribe on the right is equivalently modest in number.
It doesn’t take much observation to surmise that the majority in the middle are tuning out both polarizing extremes. Partisans may view this abandonment as negative,
i.e. apathy, but this would be misreading the situation: the reality is the majority are tired of the poisonous polarities and the stultifying, going-nowhere toxic frenzy that destroys participants’ equilibrium and sanity.
An unknown but likely
staggeringly large percentage of small business owners in the U.S. are an inch away from calling it quits and closing shop. At some point the ever-higher costs of burdensome, mostly useless bureaucratic compliance and complexity, the ever more costly junk
fees, filing fees, permits, penalties and taxes, the higher costs of labor overhead (healthcare insurance, workers comp, etc.) and the ever-rising costs of materials and services make it an easy decision to drop out of the rat race and either sell the business
to someone less grounded in reality or just close it down.
Those who tire of being nailed by “tax the rich” schemes can drop out by earning less. Sell out, move out, drop out. Unfortunately for all those who depend on the Savior State, the
state cannot force people losing money and their mental health to continue operating enterprises. (At least not yet.) Once small business and the productive wealthy (i.e. upper middle class) sell out, move out and drop out, it’s game over for the “tax
the rich” crowd and the local economy.
Dropping out is an increasingly attractive option. For those unable to drop out, turning off and tuning out are increasingly attractive options.
Understanding the Global Recession of 2019 November 12, 2018 charles hugh smith
Isn't it obvious
that repeating the policies of 2009 won't be enough to save the system from a long-delayed reset?
2019 is shaping up to be the year in which all the policies that worked in the past will no longer work. As we all know, the Global Financial Meltdown
/ recession of 2008-09 was halted by the coordinated policies of the major central banks, which lowered interest rates to near-zero, bought trillions of dollars of bonds and iffy assets such as mortgage-backed securities, and issued unlimited lines of credit
to insolvent banks, i.e. unlimited liquidity.
Central governments which could do so went on a borrowing / spending binge to boost demand in their economies, and pursued other policies designed to bring demand forward, i.e. incentivize households to
buy today what they'd planned to buy in the future.
This vast flood of low-cost credit and liquidity encouraged corporations to borrow money and use it to buy back their stocks, boosting per-share earnings and sending stocks higher for a decade.
The success of these policies has created a dangerous confidence that they'll work in the next global recession, currently scheduled for 2019. But policies follow the S-Curve of expansion, maturity and decline just like the rest of human endeavor: the next
time around, these policies will be doing more of what's failed.
The global economy has changed. Demand has been brought forward for a decade, effectively draining the pool of future demand. Unprecedented asset purchases, low rates of interest and unlimited
liquidity have inflated gargantuan credit / asset bubbles around the world, the so-called everything bubble as most asset classes are now correlated to central bank policies rather than to the fundamentals of the real-world economy.
Keenly aware that
they've thinned their policy options and financial buffers to near-zero, central banks are struggling to normalize their policies by raising rates, reducing their balance sheets by selling assets and tightening lending conditions / liquidity.
for central banks, global economies are now junkies addicted to zero interest rates and central bank stimulus / support of bond markets, stock markets and real estate markets. The idea of normalization is to slowly inch the financial system and economy back
to levels that were normal in previous eras, levels that allowed some room for central banks to respond to recessions and global financial crises by lowering rates and extending credit to insolvent lenders.
But reducing the drip of financial heroin
hasn't ended global economies' addiction to extraordinary easy financial conditions. Rather, it's illuminated the dangers of their continued addiction.
As soon as authorities attempt to limit their support / stimulus, markets wobble into instability.
The entire economic structure of "wealth" is now dependent on asset bubbles never popping, for any serious decline in asset valuations will bankrupt pension funds, insurers, local governments, zombie companies and overleveraged households--every entity which
is only solvent as long as asset bubbles expand or maintain current valuations.
So how do central banks normalize their unprecedented policies without popping the asset bubbles they've created? The short answer is: they can't. Rising interest rates
are a boon to savers and Kryptonite to borrowers--especially over-leveraged borrowers who must roll over short-term debt and borrow more just to maintain the illusion of solvency.
As if this wasn't enough to guarantee recession in 2019, there's the
unintended consequences of capital flows. Capital famously flows to where it's treated best, meaning wherever it earns the highest yields at the lowest risk, and where the rule of law protects capital from predation or expropriation.
When all central
banks pursued roughly the same policies, capital had options. Now that the Fed has broken away from the pack, capital has only one option: the U.S. The Federal Reserve should have begun normalizing rates etc. back in 2013, and if they'd been wise enough to
do so then even baby steps over the past 5 years would have led to a fairly normalized financial environment.
But Ben Bernanke and Janet Yellen blew it, so it's been left to the current Fed leadership to do the heavy lifting over a much
shorter timeline. Predictably, pulling away the punch bowl has spoiled the asset-bubble party, and now all the asset bubbles are increasingly at risk of deflating.
But the yields and relative risk available in US-dollar denominated assets is starting
to look a lot more attractive and lower risk than assets denominated in yen, yuan and euros. Capital flows tend to be self-reinforcing: as capital flows out of at-risk economies, it dampens investment, speculation and spending as the economy is drained of
Owners of assets notice this decay and so they decide to sell and move their capital to safer ground. Selling begets selling, and pretty soon nobody's left to catch the falling knife, ie. buy assets that are rapidly losing value.
is what surprised Alan Greenspan (by his own account) in 2008: bubbly markets quickly become bidless, that is, buyers vanish and sellers who want to unload their assets for cash find nobody's willing to part with cash for a plummeting asset.
bank "solution" to bidless markets is to become the buyer of last resort: when no sane investor will buy bonds, stocks or real estate, then the central bank starts buying everything in sight.
We are already seeing this in action as Chinese governmental
agencies have started quietly buying empty flats in ghost buildings to prop up the housing market. The idea here is to restore confidence with a relatively modest burst of quiet buying. But when markets turn and confidence is lost, sentiment can't be restored
so easily: sensing their last chance is at hand, sellers dump assets at a quickening pace, overwhelming the modest central bank buying.
This leaves the central bank with a stark and sobering choice: either let the asset bubble collapse and accept the
immense destruction of "wealth," or buy the whole darn market. This is the unintended consequence of employing unprecedented policies for a decade: like using antibiotics every day for years, eventually resistance develops and the "fix" no longer works.
Now that central banks have inflated assets into the stratosphere, there's $300 trillion in global financial assets sloshing around seeking higher yields and capital gains. How much of this $300 trillion can central banks buy before they destabilize currencies?
How much can they buy before they run out of political goodwill?
Isn't it obvious that repeating the policies of 2009 won't be enough to save the system from a long-delayed reset?
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people from the drudgery of work, then by taxing the robots doing all the work, we can pay everyone Universal Basic Income (UBI), enabling a life of leisure and artistic pursuit for all. The result: A future of Universal Happiness.
But is this accurate?
Is this what UBI is actually capable of doing? More importantly, is this what we want?
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Recent entries: Understanding the Global Recession of 2019 November 12, 2018
Are so Few Americans Able to Get Ahead? November 9, 2018
Is This "The Most Important Election of our Lives" or Just Another Distraction? November 6, 2018
Florence Owens Thompson. She was an iconic image of the Great Depression. She’s 32 years old in this photo, Florence was a migrant worker in California in 1936. Here she is with her two children. She had seven.
money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time." ~ Article I, Section 9, Clause 7,
$21 Trillion dollars is missing from the US government. That is $65,000 for every person in America. That is more than our entire national debt!
What's going on? Where is the money? How could this happen? How
much has really gone missing? What would happen if a corporation failed to pass an audit like this? Or a taxpayer?
This means the Fed and their member banks are transacting government money outside the law. So are the corporate contractors that run
the payment systems. So are the Wall Street firms who are selling government securities without full disclosure. Would your banks continue to handle your bank account if you behaved like this? Would your investors continue to buy your securities if you behaved
like this? Would your accountant be silent?
This is the reason that there is such a strong push to change or tear up the US Constitution. This is why members of the establishment say it is "old," "outdated!" This is why there is such a push for gun control.
Don't buy it! We can use the Constitution to get our money and our government back. It is time to enforce the US Constitution.
The Solari Report has been covering the missing money since 2000 when Catherine Austin Fitts began to to warn Americans and global
investors about mortgage fraud at the US Department of Housing and Development (HUD), the engineering of the housing bubble that lead to trillions more dollars in bailouts and funds missing from the US government starting in fiscal 1998.
Government Missing Over 21 Trillion, Massive Pension Scam, Catherine Austin Fitts (1 of 2); 32:21 min.
Louise Elaine 3 months ago I was a DoD contractor for almost 30 years and the fraud with the contractor companies is beyond comprehension. They government will pay those companies $100/hour for entry level secretaries to answer the phone and sort mail. Passey's Perspective 3 months ago This woman is brilliant she is so spot-on we need to change people's perceptions we need to educate people we need to teach people about the methods that are being used to make these manipulations possible because it's sociology and psychology these people are smart they know what they're doing we need to change the way people View these structures
Tim Gard 3 months ago Now you've mentioned the clinton bush slugs. Listen to what I am about to tell you. There is a radical organization running a shipping container import business near Cape Canaveral. With the green lights basically import inspections, handed out by the slugs in exchange for unknown amounts of cash, these shipping containers could contain almost anything. Anything including short range remotely controlled nuclear proximity missiles. There is a number of different designs in service legally right now. And on the outside they look like shipping containers marked "Piggy Wiggly". In the past 10 years this shipping company has been in business literally thousands of these things could be in place all around the nation at this very minute. This came out a while back and the shootings in Las Vegas broke the focus on the story. We need to begin looking at this again!
Ron Hastings 3 months ago if you want an in-depth report...even though I have yet to get past the opening commercial...lol.... investigate the Reagan "post cold war fund". hint the records for the investigation were in building 7 of the WTC
Art Carvajal 3 months ago This brilliant lady was in charge of HUD during the Clinton corrupt era. Saw corruption everywhere and could do nothing about it but just talk about it. This country is really a corp, USA, inc. Only way to get back the Republic is for the corp trustees, Congress, to vote for it and make it so. The emergency banking act of 1933 has to go and the state of emergency as well. Enough of these feds debt notes... they have to go too! Time to press the reset red bottom!!
Trish House 3 months ago We the people need to cease paying taxes for a government that refuses to provide us any kind of justice or security. We must insist that if they cannot bring criminal indictments against the Comeys, Clintons, Bushes, Obamas, Lynches, Kissingers, Cheneys, Reids, McCains, and all the other criminals at the top of the government and food chain then WE refuse to pay for their existence.
The IRS tax code 26 U.S. Code § 83 - Property transferred in connection with performance of services tells us that our services that we provide our employers is our property and it cannot be taxed. Yet the IRS and the courts refuse to let us even mention that part of the law in our defense and will punish us if we do. https://www.law.cornell.edu/uscode/text/26/83
So, folks, the law is on our side against the criminals who have taken over our lives and we can justly and legally refuse to go on funding their illegal acts.
The filing deadline for taxes this year is April 17th; if by that date they have failed to indict and take to court the criminals destroying our country then we, ALL TOGETHER, refuse to pay taxes. Period.
An1madvert0 3 months ago I have always been hot and cold on Catherine Austin Fitts until this interview. She does not hold back with regards to the new reality. I wanted to commend her in a email but the Solari website was taken down. What made me listen to this interview, in the first place, was your interview with Richie Allen, who I consider one of the more rational Alt Media personalities. These two interviews were the best I have viewed for quite some time. One has to sift through a bunch of BS to get to the bottom line most of the time. You wasted no time. Thank you.
Dianne Boynton 3 months ago The money went to underground bunkers..food and drug supply's..we are going through a ice age folks..its gonna be real bad. Dinasours didn't make an ice age..this could be the end for all life on earth. And the way we turned out.. Is that a bad thing lol
Raeann Hightower 3 months ago The Banking enties, the credit card enties, , The Energy entities, and all business enties are screaming, turning off power, starving people, thaking their assets to pay this debt they claim is owed to them.
Derek Foulk 3 months ago Pension funds should be banned. Especially government pensions, can't wait until the money runs out.
Frank Mann 3 months ago (edited) The money changers aka the atheists aka the modern day pharisees aka Christ-haters aka the Carpet-baggers of the devil's children have always done this when they get around money. They steal. We tip toe around them and never name them and never point the finger like Jesus did. When we don't ALL expose these parasites we leave the world trusting them. They should never be trusted around money, education, politics, religion, medicine and anything else important to our peace and prosperity. Rabbi Dov Zakheim was at the helm when more than 6 trillion was stolen during the Bush II administration. They hate the goyim and do not care how many they hurt. We are not human enough to care.
Government Missing Over 21 Trillion, Massive Pension Scam, Catherine Austin Fitts (2 of 2)
Sarah Westall Published on Mar 3, 2018 FREE INFORMATION: Learn the 3 Habits that are destroying your memory & how to fix the damage: http://secure.ultracart.com/aff/1F090...
2 of 2: Catherine Austin Fitts joins the program to discuss her latest research in the the Pension Fund scam and the missing trillions for the U.S. Government. She explains how Michigan State University professor, Dr. Mark Skidmore, helped identify the missing trillions and how that sent a shock wave through Washington as the truth becomes more apparent by the day. In Fitts normal style, she educates listeners in an articulate yet easy to understand way shining much needed light onto corrupt areas of our government.
You can sign up for her monthly report and also see more information at Solari.com
Please consider supporting my channel and see exclusive content with Catherine Austin Fitts and other great guests: https://www.patreon.com/SarahWestall
Donate via Bitcoin, Ethereum, or Litecoin: https://commerce.coinbase.com/checkou... Category News & Politics License Standard YouTube License
Kathleen St. Clare 3 months ago And just who were those 4 big burly men seen running from the building after the shooting heaving heavy bags into the back of a pick up ~ that was not a real question; of course they were the real shooters. False flag ! Sad young mr. cruz is the fall guy, patsy, who was set up ... THE GOVT WANTS OUR GUNS, YOUR GUNS BECAUSE WHEN THEY TAKE OVER BY MARTIAL LAW, THEY DON'T WANT YOU FIGHTING BACK. The Sheriffs outside the bld had been ordered to stand down. How many kids bled to death because the Sheriffs would not permit the medics to go in....I am no longer surprised, ~ if the govt would do USS Liberty, OKC bombing, Twin Towers bombing (that's what it was) ~ if the govt would do all those things, just what would they NOT do? They murdered Seth Rich too. The fresh faced young Patriot Seth Rich, they murdered him for telling the truth. Tilman too, who was planning to tell the truth. There're some nice things in a swamp, we are looking at a cesspool. And because of the internet, we see it. PREPARE YOURSELF ~ PREPARE YOURSELF ~ PREPARE YOURSELF
Roshandra S 3 months ago I JUST LOVE Catherine Austin Fitts and her knowledge, calm and complex overviews and this 2 part video is remarkable hitting at the CORE of all of this... Sarah thank you so much for ALL YOU DO ..those that have walked through the changes and often PAY the PRICE of business, finances and personal loss that are the VANGUARDS of HELPING the changes and TRUTH Ladies THANK YOU SO MUCH we admire and respect you and so glad you are such amazing women and strong BRIGHT and AWARE WARRIOR LIGHTS thank you ...sharing always the LINKS Roshandra warmly writing on
“Always be nice to bankers. Always be nice to pension fund managers. Always be nice to the media. In that order.” ~John Gotti, American gangster and head of the Gambino family
By Catherine Austin Fitts
This week on The Solari Report, I present the theme for the 2017 Annual Wrap Up – “Does Your Pension Fund Have a Deep State Drain?”
It’s time to change the narrative on pension
funds. From 2009-2012, we funded over $20 trillion for the bank bailouts. There is $21 trillion missing from DOD and HUD since
fiscal 1998. Trillions more dollars have gone for quantitative easing. And more dollars are lent to big banks at the Fed window at interest rates lower than 1% interest. And we can afford lower tax rates and bigger military budgets.
At the same time,
pension funds are underfunded and there is – or so we hear – a crisis. Despite the laws and regulations to keep pension fund properly funded, we are told they are not fully funded. And, depending on what estimates you read, we are told we can not
possibly find a few trillion to address shortfalls in the pension and retirement systems. And indeed, retirees are beginning to experience cuts in their benefits.
I struggle to find the logic in here. We can gift or lend $20 trillion to private banks
to which we have no legal or contractual obligation to do so and to which approximately 80% of the population is opposed, but we cannot fund legal and contractual obligations to our own citizens. Why?
There are other riddles in the official pension funds narrative.
Countries such as Norway, Denmark and the Netherlands
can manage changing societies and financial markets, can make reforms, and can take actions that deliver solvent retirement systems. Why the government which runs the worlds reserve currency do the same?
Some corporations, hedge funds and private equity
investors are promoting products, services and activities that seriously harm our environment, general population and economy. Why are pension funds financing them? For example, why are pension funds financing companies that create expensive addictions because
they make money for that company? Surely large pension funds have the strategic breadth to understand that creating an addicted population will detract from long-term performance.
Finally, circumstantial evidence suggests that boards and trustees do
not fully control pension fund policies, which are heavily influenced by powerful outside forces. The governance of pension funds has been compromised. If the integrity of pension fund governance is compromised, are investments and returns also compromised?
Do pension funds, like so many other institutions, have a deep state drain?
My goal is to ask questions about pension funds that can help us bring real insight into what is happening to us.
This week is the last week of the month, so no Money & Markets. Email or post your questions for Ask Catherine and I will answer the following week.
If you want an inspiring movie recommendation, check out Breathe which tells the story of Robin and Diana Cavendish and is produced by their son Jonathan, now a London movie producer. At the age of 28, Robin Cavendish was diagnosed with
polio and given 3 months to live. Defying all odds, Cavendish lived another 38 years, becoming a worldwide advocate for the severely disabled and introducing numerous innovations to improve the mobility of people who needed ventilators to breathe. Breathe is
first and foremost a love story about the miracles that happen when love makes all things possible.
Sweden retirement rises to 69 years of age, due to country's migrant influx!!!! Watch until 3:08 min., the rest is a sales pitch! Warning, this may come to your country..... CC- Ima Google prevod!
The Alex Jones Channel Published on Dec 15, 2017 Paul Joseph Watson reports for Infowars. Svedksa, u penziju sa 69 godina, ne pre, da bi mogli da izdrzavaju imigrantsku Muslimansku socijalu -(58% socijalnog budzeta u Svedskoj ide na socijalnu pomoc imigrantima), i nema se para za penzionere. Ovo je probni balon, koji ce se prosiriti na ostatak clanica Evropske Unije, i onih koji ce joj se pridruziti u skoroj buducnosti......... -V1 Aviation 2 weeks ago (edited) What a dog's breakfast of a law......who in their right mind would penalise law abiding senior citizens by forcing them to work more years to fund criminal scumbags instead of enjoying their last years in retirement ....the world has gone absolute bonkers -Ziggy the cat 2 weeks ago So wrong.... leave the elders alone... come on... they deserve to live in peace the remainder of their life... shame on Sweden -sweetpeachsodapop 2 weeks ago Cucked again. How can Swedes even tolerate their government at this point? - C Man 2 weeks ago (edited) Haha 69 for pensions. Your retirement is going to welfare payments. - ima be be be be 2 weeks ago Its gonna happen here too. -Lana Wana 2 weeks ago I just don't understand why Sweden is doing this. They KNOW that they don't have the population, job availability, and aging generations....they know that this will destroy their country. Not even the rich politicians will be able to live there anymore.....so again, why? - XYZH1234 2 weeks ago Retirement age is allready set for around 69 (65 earlier)! One will have the option to retire at 64 (not 61) or work past that. But if you retire poor 64 wont be an option you have to make it to 69 or else you dont get wellfare for housing just food (Total irony here!!). Every decition is done behind shut doors then press relesed to the population. All are a sleep, Just got to love it! - NetHead87 2 weeks ago 80% of even second generation immigrants never work they live on welfare. Mathematically this will not work -MrBrymstond 2 weeks ago Sweden Raises Retirement Age To Until They Die At Work Just To Pay For Migrants! Trial And Error, You Know...
What Sort of Retirement Will $1,294/Month Buy in the U.S.?
Summary, reader comments and additional information can be found at the end of the essay.
What Sort of Retirement Will $1,294/Month Buy in the U.S.?
Retirement is an increasingly pressing
issue for two reasons: rising financial uncertainties and the 75 million Baby Boomers entering retirement. In the U.S., there are already 38 million retirees drawing Social Security benefits. That number will soar as the Boomer Generation (born
1946 - 1964) retires en masse.
Meanwhile, financial certainties are eroding. The Social Security System is not as rock-solid as boosters claim; the Trust Fund is illusory, and benefits will increasingly be paid with borrowed dollars
as benefits exceed the system's payroll tax revenues. The worker-to-retiree ratio is rapidly approaching an unsustainable 2 workers for every retiree.
Zero interest rate policies (ZIRP) have gutted retirees' income from conventional safe investments,
traditionally the bulwark of retirees who can't afford to risk their nest egg. Most analysts agree zero-interest rates are here to stay--unless inflation takes off, and that will create another problem: eroding purchasing power.
financial rules are being changed without warning. As the global financial system buckles under all the pressures I've discussed for years--demographics, excessive debt and leverage, stagnant earnings, etc.--authorities change the rules overnight
to keep the system afloat.
What can we count on? Not much. Governments are raising taxes on retirement incomes, slashing benefits, and imposing an array of capital controls--broad;y speaking, what's known as financial
repression. ZIRP and other policies have pushed investors into risk assets such as stocks and junk bonds, markets that inevitably suffer sharp downturns. Everyone expects these assets to bounce back, but we're in uncharted waters globally and we may find
the next downturn doesn't bounce back.
In essence, the risks have been offloaded onto retirees. Defined-benefit pensions are only available to government employees, and as government deficits soar and yields on risk assets plunge,
even these might not be as safe as many believe.
The Social Security Administration estimates that roughly 60% of the Boomer generation will have less than 75% of their pre-retirement income once they retire. Given that this projection is based on wildly
optimistic assumptions about global growth and investment yields, the reality is likely to be far worse.
Let's ask a simple question: what sort of retirement does $1,294 a month buy in the U.S., Canada or Europe? That's the average
Social Security monthly retirement benefit. Of course most people have savings, annuities, IRAs or other pensions to supplement Social Security, but let's start with this question: what sort of retirement does $1,294 a month buy in the U.S., Canada
We all know the answer is, not much. Perhaps something along these lines:
OK, so it still buys a bit more than this--but
not by much once we factor in the costs of three meals a day, routine medical expenses, rent or mortgage/property tax payments and some activities/entertainment.
If a retiree owns their home free and clear, lives in a region with low property taxes,
has adult children nearby to help, is in good health and has multiple pensions and substantial retirement savings, then retirement in North America/Europe can be relatively comfortable. But what about everyone who doesn't fit this profile?
And how about everyone who retires early, or is forced to retire early? What sort of retirement options are open to them if money is tight?
These are pressing issues not just for Americans, but for everyone in high-cost economies earning
near-zero yields on their savings while costs for essentials keep rising: that includes Canada, many European nations and other developed-world economies.
One solution--retiring overseas--was amusingly explored in the film The Best Exotic Marigold Hotel. The plot of the movie is real-life for millions of people in Europe, Japan and the U.S., for what they can afford in retirement at home is miserable: an institutional
warehouse for the elderly, a trailer park, a tiny room, and little money for actual living.
Overseas--in the film, India--their limited income goes a lot farther. How much farther?
Here's the sort of retirement that $1,294
a month buys in Southeast Asia:
It may seem
unbelievable, but these retirement resorts/care facilities cost very little when measured in U.S. dollars. The monthly fee for Sadajiwa in Bali is 17 million rupiah. That sounds like a princely sum until we divide it by 14,620-- the current rupiah/dollar
exchange rate. The monthly fee is $1,163 per person, and $1,846 for a couple.
This includes three meals a day, various activities, routine medical services (nurse's visits, etc.) and spacious accomodations.
Mai (northern Thailand), 37,000 baht a month works out to $1,028/month to stay in the Care Resort Chiang Mai, which offers more extensive medical care.
Many of you know I have studied Asian culture for over 40 years, and traveled in
a variety of Asian countries, specifically China, Japan, South Korea and Thailand. We have friends in these and other East/Southeast Asian countries.
Yes, the food can be spicy, the bugs large, the streets noisy, the tropic air heavy and the
languages difficult to learn. But on the other hand, there are the immensely rewarding joys of new cultures, new experiences, new friendships and new landscapes to explore.
I have established a relationship with my longtime colleague Gordon
T. Long's company, Financial Repression Authority, to seek out retirement opportunities in Southeast Asia. If you're interested in exploring this option, visit the FRA Retirement Solutions
site, which currently lists three retirement facilities in Indonesia (Bali) and Thailand.
I'd like to share an option that I am exploring: active
retirement in Southeat Asia. It has long been popular for Japanese retirees to retire in Thailand; the largely Buddhist culture is familar to Japanese, and their yen buys so much more in Thailand than it does in high-cost Japan.
a sense, we're simply following a path that is already familar to developed-world Asians: retiring (or spending part of the year) in culturally diverse, low-cost Southeast Asia.
As with retirement facilities
in the U.S., there is a wide spectrum of services offered in Southeast Asian facilities. This makes it somewhat difficult to make apples-to-apples comparisons.
In the U.S., retirement facilities generally break down into three basic types:
Assisted living, for people who are able to live independently in their own room or apartment. The facility provides meals, nursing care, housekeeping and activities. According to the U.S. Department of Health & Human Services' Agency for Healthcare Research
and Quality (AHRQ), "assisted living denotes a type of residential long-term care setting known by nearly 30 different names."
-- Nursing home, which provides skilled nursing home care for those with chronic conditions such as dementia.
care retirement community (CCRC) which provides a continuum of care so the residents don't have to move when they need skilled nursing home care.
In researching costs in the U.S., I've found the industry is very cagey about the costs of their
facilities. I have yet to find a U.S.-based facility that posts its prices online.
Various surveys from organizations such as longtermcare.gov have found the average cost for care in an assisted living facility (for
a one-bedroom unit) in the U.S. is $3,293 per month. AARP (American Association of Retired Persons) hosts a state-by-state data base
of costs for Assisted Living (Private Room); the average cost is around $45,000 per year ($3,750).
Other studies have found the national average is $3,600/month, with a range of $2,525 to $5,745 per month.
Nursing homes and CCRCs
either cost more per month or require a significant buy-in of cash that can range from $50,000 to $500,000 per retiree.
Undoubtedly there are U.S.-based bargain facilities out there, but the available data shows that the
SE Asian assisted-living facilities listed on the FRA Retirement Solutions site cost about one-third of equivalent care facilities in the U.S.
As with assisted living facilities
in the U.S., the two facilities in Indonesia (Bali) do not cover hospitalization/medication costs. One offers a close relationship with a nearby modern hospital. (Some insurance plans reimburse overseas medical expenses; you may want to research how your current
healthcare insurance addresses overseas care.)
In general, medical care is paid in cash in Asia, but the costs are a fraction of healthcare in the U.S. In many case, what costs $10,000 in the U.S. might cost a few hundred dollars in Southeast Asia,
often using the exact same equipment (MRI, etc.) as in the U.S.
Many people visit Thailand for medical tourism; my wife has had dental work and skin care performed in Thailand for a fraction of the cost of equivalent services
in the U.S. We've found the facilities and staff are top-notch--and many others have had similarly positive experiences.
The care facility in Chiang Mai (Thailand) offers the equivalent of skilled nursing care for those with dementia and other chronic
conditions. One European commenter on a forum estimated that the equivalent care in Europe would cost about 6,000 euros a month. Equivalent care in the U.S. ranges from a low of $4,800 to $6,000 and up per month.
The difference is the cost of
living and labor in SE Asia. For all the reasons I've covered for years, labor costs continue marching higher in North America and Europe when we look not at wages but at total compensation costs paid by employers.
Though I haven't visited these facilities personally, one reason why they're attractive is that they offer short stays (daily or weekly rates) so anyone who's interested
can check them out while on vacation in the region.
Please note I am not recommending any particular facility--I am simply presenting the option of retirement (or partial retirement) in Southeast Asia. As we all know from reading
Yelp reviews, three people can go to the same place at the same time and share the same experience, and come away with three completely different views.
The only way you can find out if this option is on the table for you personally is to go visit the
region, country and facility for yourself. This is easy to do, as these areas are well-developed tourist destinations.
Longtime readers will know my preference for hybrid work. These options open the door to hybrid retirement: a
low-cost retirement that enables travel that would otherwise be unaffordable, and perhaps living part of the year in Asia and part of the year in the U.S. or Europe.
By hybrid retirement I mean a mix-and-match of various retirement strategies and options. The best way to explain it is to offer some examples:
in SE Asia to save a nest egg. Let's say a person has a total retirement income of $3,200/month--enough to pay for assisted living in the U.S., but little else: no travel, no visits to adult children and their kids, no money to help grandkids
with university expenses--it's a spartan existence when one's income barely covers the basics.
If that person retires in SE Asia for 10 years of their total retirement, they can save roughly $2,000/month, since retirement in SE Asia can cost less than
$1,200/month. Over 10 years, this adds up to roughly $24,000/year X 10 years = $240,000.
This is a strikingly substantial sum that can be saved in retirement. These savings enable a set-aside for future medical costs, travel, visits
to the family, and if the person wants to end their retirement in the U.S., the down payment to buy into a continuing care retirement community (CCRC).
2. A flexible retirement in SE Asia. Since there's no buy-in (as with CCRCs),
a person could spend a year or two in Bali and then move to Thailand for a year or two.
3. An elderly retiree and his/her adult offspring could spend quality time together. Given that many people are living into their 90s, it's
easy to foresee adult children who are retired at 65 wanting to spend time with their aging parents (85+) but without being burdened with day-to-day care (not easy when you yourself are of retirement age). Since the cost of retirement and skilled nursing care
is so much less in SE Asia, this option becomes possible for families of limited means.
4. Part-time retirement in SE Asia enables extended global travel. Many people would love to travel in their retirement years, but travel is
expensive. Living in SE Asia frees up funds for extended travel.
5. Two retirees who have lost their spouses retiring in the same SE Asian community, without having to sell their homes in North America/Europe. One of the great
difficulties with high retirement costs is the either/or decision forced on retirees who own their homes: to afford the buy-in to a continuing care retirement community (CCRC), the retiree must often sell their home.
Alternatively, the retiree is stuck
at home--they can't afford to retire elsewhere and keep their home, as the expenses for maintaining both are too much. By retiring in SE Asia, a retiree can keep their own home and return to it whenever they want.
Consider two old friends whose homes
are quite some distance apart. They'd like to see more of each other, but neither wants to sell their home and move. By retiring to the same community in SE Asia, they can keep their homes and all future retirement options open, while being able to enjoy their
friendship in a affordable, no-strings-attached SE Asian retirement community.
6. The low cost of SE Asia enables a retiree to bring their family over for a vacation that would otherwise be unattainable. Rather than fly home, a
retiree could bring the family to SE Asia for a vacation of a lifetime.
There are a wealth of other scenarios that are enabled by affordable retirement in SE Asia. Being able to retire for $1,200 or less per month opens up a variety
of options that simply don't exist for retirees of limited means in high-cost countries.
As we all know, everything in life is a series of trade-offs. No region, nation or facility is
perfect. Everyone has to assess and select the trade-offs that make sense for them.
Those who can afford to retire virtually anywhere in the world (for example, those with a net monthly of $10,000 or more) have more choices than those with limited income
and savings. What we're discussing here are options that are affordable to anyone with an average Social Security pension--a modest sum in the developed world that limits options but is more than enough for a variety of options in Southeast
The first concern for many people is the distance from family and friends at home. This is a legitimate issue, as it takes roughly 10 to 15 hours to reach SE Asia from Europe or North America.
But we need to put this
in the perspective of time and money required to make the trip. It takes 10+ hours to drive 500+ miles in the U.S., so spending a day on an airliner isn't much more of a commitment than driving all day. As for cost, long-haul flights to SE Asia are cheaper
than many people imagine. Depending on the season, air fares are not much more than the cost of lightly traveled routes in the continental U.S. (Try flying to Missoula, Montana, from a distant non-hub airport. After multiple plane changes and time spent waiting
for connecting flights, it's can be easier to take a flight to Asia.)
Air travel to Asia benefits from keen competition with a variety of international carriers, and low-cost airlines within SE Asia.
The psychological distance can be
bridged with technologies such as Skype video calls. This technology has dropped in cost (to near-zero) while becoming simple enough for techno-phobic elders to use with a bit of practice. SMS-texting, email and video clips all enable close connections.
Unlike CCRCs and other costly retirement options, there's no financial limits on freedom of movement in SE Asian retirement choices. If a retiree decides they want to spend time at home, they buy a ticket and fly home.
those interested in exploring the idea, there are plenty of resources online. For example, here's an excerpt from a recent U.S. News & World Report article:
Southeast Asia is a remarkably beautiful and diverse region that is becoming much more welcoming to Western retirees. Southeast Asia’s big appeal for foreign retirees is the
cost of living. Several countries here are among the world’s cheapest places to retire. Your money goes much further in this part of the world than in the United States or any other Western country, but that does not mean that the standard of living
is necessarily lower.
It is possible to stretch your retirement nest egg to enjoy a better lifestyle in Southeast Asia than you could afford anywhere else in the world.
English is widely understood throughout the region, and
it is an official language of the Philippines and parts of Malaysia. The majority of people you come into contact with in these two countries are fluent in English. Additionally, English is a required subject at schools in every country in Southeast Asia.
Urban areas and many small towns have enough English speakers that communication rarely presents a significant barrier.
Going to a retirement resort/care facility is a lot easier than sorting out all the issues yourself. The
resort has English-speaking staff (at least some, perhaps not all), and can help you with issues such as visas, etc. While it's certainly possible to rent a flat and start living in SE Asia on your own, it's less hassle to live in one of these facilities that
are Westernized islands in a culture which remains quite different from North America and Europe.
The retirement facilities listed on the FRA website are located in favored tourist
districts such as Bali and Chiang Mai. The local people are accustomed to dealing with foreigners; many depend on tourism for their livelihoods. Meeting other Westerners is easy in these locales.
In most locales, Americans of every ethnicity will be in the minority. Asian-Americans may well pass for local residents, at least until they start speaking. My wife is Asian-American(born in Hawaii), and people in Asia invariably
start speaking to her in their language: Mandarin, Vietnamese, Thai, etc. Though she may look local, she is still a minority culturally.
Having been the only haole (Hawaiian for Caucasian) in a variety of settings, I can reassure
you that you get accustomed to it relatively quickly. If you're gracious and spend a bit of money in local shops, you'll quickly become part of the local landscape.
As a general rule, the cultures of Southeast Asia respect and cultivate restraint, patience,
a ready smile, graciousness, politeness and a calm demeanor. Making loud demands, expressing anger or impatience, refusing to pay for goods rendered, crumpling up money and throwing it at clerks, etc., are all extremely rude and counter-productive.
there are disagreeable people and situations everywhere, living in a culture where the default setting is public politeness and a smile is generally a pleasure.
One of the great advantages of Southeast Asia is the low cost of transport: air, rail and bus are all very cheap by Western standards. Hong Kong, Japan, India and other Asian destinations are much closer once you're based in SE Asia.
Outside the oasis of the resort, you can expect to experience occasional uncertainties when you're not quite sure what's going on (for example, is the bus late, or has it been canceled, etc.), having to wait for services, being asked for small money for
services you assumed were free, and a variety of other things that are typical in places where customs are different from those in Western countries and visitors are typically much wealthier than the locals. Adapting is largely a matter of aligning expectations
with these realities.
Typically, a smile, a bit of patience and small money moves things along in the desired direction.
Political unrest is a possibility in some SE Asian nations. Pitched protests in Thailand's capital
a few years ago made many tourists think twice about visiting Thailand, but as a general rule, political/civil unrest is limited to specific districts in the capitals. If you avoid those districts, you're unlikely to have any direct experience of unrest.
Unlike other regions in the world, Americans and Westerners are rarely viewed as the source or cause of domestic political conflicts. Political unrest is typically
the result of longstanding fault lines in the political structure, society and economy of the nation.
Areas outside the capital that depend on tourism are rarely affected. Most people are anxious to go about their normal business and make visitors feel
Though the region experienced terrible turmoil in the 1960s (the Vietnam War, coups, revolutionary movements, etc.), its recent history has been remarkably peaceful.
As for crime, most visitors and foreign residents report they feel
safer on the streets in Southeast Asia than they do in many Western cities. SE Asian nations prohibit the ownership of firearms, and while petty theft is a fact of life everywhere, the usual common-sense precautions are generally sufficient to avoid crime
in SE Asia.
Southeast Asia is easily one of the most diverse regions on Earth, in terms of national boundaries, ethnicities, faiths, cuisine and cultures. Yet it is bound by cultural mores that favor social politeness and tolerance--values that appeal
to us all.
I'd like to summarize a few key points in this discussion:
1. What we've been told are financial
certainties are melting into thin air.
2. Financial repression--zero interest rates, capital controls and higher taxes on retirement income--are realities that are more likely to get worse than vanish.
3. Medical costs are soaring in the West
due to rising labor costs and cartel pricing (pharmaceuticals and hospital chains in the U.S.). Co-pays are increasing and options for those with limited means are declining as the government slashes fees paid via Medicaid and other programs.
tourism to SE Asia is growing as costs are a fraction of prices in the U.S. and the staff and equipment are on par (or better) than Western facilities.
5. The cost of retiring to an assisted living facility in SE Asia is roughly one-third the average
cost of assisted living facilities in the U.S.
6. This enables options for limited-means retirees that would not be open to them were they to retire in the U.S./Canada/Europe.
7. Western currencies (especially the U.S. dollar, for all the reasons
I have covered for many years) will likely increase their purchasing power at the expense of emerging-market currencies such as those of SE Asia. As the USD strengthens, it buys more in SE Asia. In effect, retirees with USD will be earning more even if their
income in USD remains the same as the USD appreciates against local currencies.
From Derek, who leads a hybrid life, working part of the year in California and living the rest of the time in Thailand: I have spent several months each year since 2002 in Thailand. I read your posting about the hybrid lifestyle and I agree with everything you have written. I go to Thailand mostly for family; the cost of living is just a bonus. But it is a huge bonus... I
had two hernia operations (2007, 2009) in Phitsanulok, by a surgeon trained in Chicago, using Western medicine methods and equipment, each for a total price (including private, air-conditioned room for two nights) of USD$675.
Iris R., a working professional (MS in Engineering): I am grateful that you have expanded your blog to include links to your SE Asian potential retirement destinations. Our age cohort has many problems in common. I am so grateful that you
focused some of your attention on the challenges we all will face – namely, aging with dignity and affordable, high-quality health care. In particular, I appreciate your discussion about aging in a society that has respect for old people.
From Peter, who has been retired and living independently in Thailand for 10+ years: The language barriers (and related cultural barriers) here are massive. I have to deal with that every day. But in a retirement resort,
you'd be comfortably insulated from all of it. It is a major factor in favor of a retirement resort.
As I learn more about specific options for retiring in Southeast Asia, I will post more here. For
more detailed information on the five current retirement community options, visit the FRA Retirement Solutions site.
Noble Care - MalaysiaOur major focus is to support elderly people with extreme and multiple disabilities, who need special treatment and experienced services. We provide independent
living, assisted living and total nursing care.
If you're interested in receiving a quarterly newsletter of additional information on retiring in SE Asia, here's the sign-up form. Your name and email will remain confidential
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In this hard-hitting Real Vision special, Raoul Pal presents the single most important financial topic of a generation — the
Baby Boomer retirement crisis. He asks the hard questions: Can you afford to retire? How will the coming crisis impact your life? What risks are you unknowingly taking with your retirement? Moreover, will the insufficient retirement savings of the largest
generation in history cripple the economy? Raoul also explores how savvy retirees might avoid — and even profit from — the threatening crisis. In addition, Raoul also offers a glimpse of a brighter future, in which smart millennials take control
of their own financial destiny and side-step the crisis. Watch more Real Vision™ videos: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Start a 14-day free trial: https://we.tl/t-DUVzH4pHwz About Real Vision™: Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance.
On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio
with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™.
The Coming Retirement Crisis | Real Vision™ https://www.youtube.com/c/RealVisionT... Transcript: What's very comfortable now may not be so comfortable later on. That's when I might have to take out my mutual funds. My only worry is my dad works for the state of Illinois. The state's
pretty much insolvent. And even his health care, which is through the state of Illinois, it could take up to a year for him to get reimbursed for things like that, so that is worrisome. Justine Underhill: Retirement is all some people ever think about, especially
the 50-million-plus Americans set to retire in the next few years. They obsess over it, like my dad did. It's what they worked for. It's their dreams. But those dreams could be shattered. You're about to hear Real Vision's founder and CEO, Raoul Pal, explore
why we're heading into a retirement crisis in America and around the world as many people take on more risk than they understand. I was curious to see if anyone was thinking about this, so we spoke with people in New York and heard the same story over and
over-- people pushing off retirement, people not having enough savings, people relying on government pensions. Here's some of what they said. No. No way I could have saved enough for retirement. I mean, I have enough to retire, let's say, if I want to go to
Wyoming or something like that. I saved enough for at least the next 10 years. Who knows with inflation what will happen, but I feel the next 10 years, I'm OK. If the United States government goes out of business, then my pension won't be there. These stories
were just a small sample of what we heard. And this is not just something that those actively looking for retirement are going to face. It's something that's going to have a big impact on my generation as well, whether it's figuring out pensions, or social
security, or potentially supporting our own parents'. Retirement is part of the promise of life in the developed world. And if that promise isn't met, it's really going to affect everyone, whether you're hoping to retire in 5 years or 50. Roaul Pal: My name's
Raoul Pal. I'm the CEO and co-founder of Real Vision. But today, I'm talking on behalf of Global Macro Investor, my research business. I want to talk about what I think is the biggest, single theme of our generation. And I think it's the most important thing
that anybody can understand. And it's all about the pension crisis. You see, demographics is the big story of our time. And it's all about the story of the baby boomer generation. This was the largest generation of people the world had ever known in the richest
countries in across the globe. Now, that generation drove all of the macroeconomic forces that we come to recognize as normal. When they first came into the labor force back in the 1970s when they 20 or so years old, what they did was they bid up the demand
for goods. Because if you think about it, a record number of people came in to buy their first suits, their first house, their first car, their first table, their first chair. Everything was new. That demand created an enormous problem for the world to deal
with, and it created the inflationary environment of the '80s.
There are no guarantees in life. Deal with it. Most people reading this, have already lived better (easier and longer) lives than 99% of the cumulative human beings that have ever
lived. We were lucky enough to be born into this window of time where for the most part, our biggest collective concern is pursuing the illusion of being able to plan; versus simply trying to survive to the next week, the next month, the next year...as many
have had to do in prior hundreds of generation. The best you can do is to lower your expectations, and just be thankful for here and now; and hopefully the next good meal and healthy day alive.
I recall telling my mother 10 years ago that her retirement and other incentives will be the last in the American system. I remember at their job (my parents were blue collar) my parents received wonderful health care, insurances
(if one spouse died the remainder of the mortgage is automatically paid off) When my father died, the insurance immediately paid off the mortgage. Much of their monetary dealings was with the company they worked for and it all worked like a charm. Well, those
days are over! Get prepared folks...you've been warned....! The foolish west tries to solve the retirement issue by immigration. They don't think about when those immigrants get ready to retire. Instead of promoting alternative lifestyles, creating new genders,
and breaking up the nuclear family...the west needs to PROMOTE creating children intact with the nuclear family. Get society stable. The east will win out during this financial crisis. They promote family, they are not as consumer driven, they save, and they
have the population like China and India. The emerging markets will be the new prosperous markets. IMHO
It would seem, then, that
the criminal band of brigands DBA "government", do not age as a demographic concept. They are spending at a geometric rate, not curbing like the aging population. Obviously that spending is greater than income from their looting, er, I mean "taxation", which
therefore is increasing the debt at an exponential rate. Since the interest on that debt is never created, mathematically, there will have to be massive inflation to attempt (hopelessly) to service that debt, whether consumer velocity is high or not. 33:00 The term inflation needs to be defined. The correct definition is: the expansion of the money supply, NOT rising prices, which are a result. I'm not sure
why the CPI is even mentioned, as it is meaningless. Food and energy are not included in its calculation. If current government statistics are being used here, I would advise caution as they are outright lies. They use nonsensical metrics such as hedonics
to calculate inflation. A better measure would be to calculate the way it was done in 1980. John Williams does this at www.shadowstats.com . So the state of affairs may prove even worse with more accurate statistics in calculating inflation, unemployment, money supply, USD index.
Feedback from a 30 year old Milennial : I am an pathogen microbiologist. Everything that I save I day trade on the forex , equities , commodities. And I think this is the best thing that anyone can do with their savings. If
people understand markets and understand whats driving them, they should start with little, learn, adapt and go big. There is no reason not to do it and no reason not to try it. I don't say everyone should do it but I think the smartest people will always
succeed no matter what. Starting a buisness is nice but again its not for everyone and I especially haven't seen anything new that has interested me for 5 years now. The software , apps ,games , hardware , cars markets all feel so saturated. A bright future
is in things that enable people to do things they want by themselves, thats a buisness that I would like to start.
Retirement is the
siren song of death. The road is wide for the many who chose the path to Gehenna; narrow like the through the eye of a needle is the window into Heaven for the few who chose to follow Christ in his way, in truth and in life shall you not taste death. What
is your goal to die or to change modus operandi of being? The problem of the desire for retirement is then market occupation rigirmortus from working for dead legal structures built by those who conspired together to make profit from conning and scamming others,
as the capitalist's would often say "a sucker is born every minute" and a capitalist will exploit you from the day you are born until the day you are dead; what is retirement again? Trying to escape the sword that you lived by pawning off the bill onto your
children and your grandchildren? There will always be work to do and humans who will work to accomplish the great work will always be well compensated for their labours and their hours. What one seeking retirement may be lacking is worship and praise of God
the Father in heaven who none precede and from where all creation poured out. Gratitude and thankfulness? It is different in being laid out and unable to work from a frail or damaged vessel; or a loss of livelihood; than is the scheme of retirement; it is
no wonder with how bloodthirsty this capitalist banking fiat scam is that there are becoming less and less able to pay and participate to even sustain it versus its insatiable unbridled inflation and derivative rigging.
Excellent Raoul , I agree in 95+% of all that you wisely explained. I congratulate you for your "realistic vision" and courage to speak out. My opinion is based on a 40 yr earnest quest to, hands on, studying/ learning, as a scientist & businessman
(~50 countries ). I have been very concerned about the upcoming (present) challenges of retirement for 35+ yrs; and the situation has gotten worse overtime. And will continue to get more critical/ dramatic, unfortunately. Adding further insult to injuty, and
w/c did not speak about and augments the downward pattern you alluded to, is the severe degradation resulting from the growing chaotic climate changes and people living much longer (110-120 yrs ) W/ the fasrt advance in the medical/health related sciences
at the same time that we are going to face severe food shortages due to climate changes as well as the increase in accumulation all sorts of pollution, natural environments destruction, turn on in a more competitive world for survival. The roller coaster ahead
will be wilder and more impredictable. Fasten your seat belts tightly. Am sorry for the honesty...
THE NEW WORLD ORDER - A 6000 Year History - HD FEATURE; 1:42:07 min.
UFOTV® The Disclosure Network Published on Oct 2, 2013 (100 MINUTES) UFOTV®, accept no imitations. Posted by permission only! Now presenting a detailed and complete 6000 year history of the New World Order and the Illuminati. Includes the history of the Secret Societies, Ancient Beliefs and the Matrix of Control that has shaped human history for thousands of years. Also includes for the first time, a documented history of the true birth of the Illuminati and finally, its affect on the world today.
Peace & Love 1 year ago I just finished watching this video, I simply was looking for a long video to listen to while I am packing for my move... and I wasn't able to turn away from it from the minute I started it... when it finished, I was so emotionally exhausted, and thought how I got nothing accomplished with my packing... at the same time of looking at the time and as God as my witness, it ended at 3:33am ..... I only bring this up for the purpose of saying that through out this whole video, I was praying... needing to do this to calm myself from what I was watching and hearing.. along with random outbursts of God forbid, Dear God, Oh my God... in disbelief... I feel like it was God giving me a sign to not ignore this and to spread this to everyone... I have been awake to this for about 5 yrs now and have always tried to fight the argument of those dismissing it all as "conspiracy theories" ... but after watching this and having it ALL linked together in ways of simplicity makes it a whole new reality... knowing how far this goes back and knowing the strength behind it... I have tried to research this to gain a strong argument, but this video is all that is needed to wake up the people who are in denial and need "proof" to encourage them to do their own research.... Please pass this video on to EVERYONE, the people you love to the trolls you run into saying this doesn't exist... truly the best video I have ever seen!
Johnny the fox Johnny the fox 1 year ago Yes, the New World Order I read about well over 20 years ago is advancing all the time and it's doing so right in our faces. Is it really so odd that most people don't even realise it, and most laugh at the term New World Order? Its being pushed all time in the news and on TV, in music and in movies. You are being dumbed down with propaganda and chemicals and being beaten with a financial stick. Politicians, academics, global corporation leaders use the term all the time and yet the people don't hear it.
I hear today that a company in the US is now injecting RFIDs under the skin of its employees. No it's not mandatory - Just yet! A year ago I wondered why there was this war on Diesel cars and where it was going. I read at the time that they want to introduce electric cars and ban all internal combustion engines. Now its on the cards, except its not only to make us all drive electric, it will come to pass that no one will be able own one, they will have to hired to us by Google. It's the NWO coming into fruition by stealth. The plan is that there will be no private property at all. You will have to rent your houses, be told what you do for a living and where you work. Your lives will be totally controlled.
Laugh away if you want, but the truth will dawn on you eventually but probably too late though. The writing on the 'Georgia Guidestones' is their agenda. Read about Agenda 21 and understand that they make it sound acceptable at first. Just like the Jews being told they were just going into showers. Wake up people.
audra powell 2 years ago (edited) The problem I have with the information in this video is that Masons adopted their beliefs from the ancient Egyptians. Gnostic beliefs predate Christianity. The word occult itself is latin meaning hidden knowledge. The title is misleading because this film only covers the 13th century to present. If he dug further into history the money changers would be shown as major players. The Turks being exposed as the modern day Jews. (Khazars) A lot of half truths and lack in depth knowledge. He left out Benjamin Franklin, Lord Francis Bacon, and the fact that the first currency in the US was colonial script. The reason the revolutionary war was fought because King George found out that the New world was so prosperous was because they printed their own money. Which was illegal being the country was still a British colony. i could go on and on but I have too much information that this documentary left out. All I can say is research is important. This goes deeper then you can ever imagine.