http://www.youtube.com/watch?v=9_i9D...layer_embedded
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Wow. Well worth the seven minutes to watch this jaw-dropping video.
:o
thanks, good vid.
bump
He didn't touch the fact that the Fed, Frannie, Freddie, and probably FHA (imo) are littered with these things now.
JPM et al have probably dumped most of their holdings by now.
Im not sure I want to watch it....Im about six months away from collecting my pension :-\
But SHTF is aways 6 months away...Right?
That is going to be a tough pill to swallow for many Ken. The pensions like S.S. were always a ponzi.Quote:
Originally Posted by StackerKen
I hope you have a contingency plan or 5.
Well I can probably work for another 20 years or more if I need to. :-\Quote:
Originally Posted by osoab
and I plan to keep working for a while anyway...But I hope to work while I collect my Pension from the Carpenters Union.
I watched the Video...That video is about Mortgage foreclosers ... not about Pensions...
My Carpenters pension is Highly diversified last time I looked I think only about 10% was in Mortgages and real estate ....I should be getting another quarterly report any day now....
In my last quarterly report My annuity had turned around and did pretty well actually.
Im gonna take that in a Lump sum in about six months (God willing) If I invest That Money wisely (thinking more silver)
I should be ok.
But I have to be Out of the building trades in order to collect my annuity and My Pension
Edit to add; And Yeah I have a couple more contingency plans. One I think is quite promising too.
But I am still hoping to get my pension money while I do these other things too.
That is great you can take a lump sum Ken. I was going to suggest it, but I have no idea how union pensions work.Quote:
Originally Posted by StackerKen
Go out as a private contractor outside of union work if you can. Cash on the barrel head.
Pensions are invested on Wall Street and when the music stops it all goes POOF!Quote:
Originally Posted by StackerKen
Watch the video to understand just how huge the cancer is. It will wipe out EVERYTHING including pensions.
I can take My Annuity Lump sum, which is a nice chunk of change... :)Quote:
Originally Posted by osoab
But not the pension. That I will have to collect monthly. If and for as long it is there to collect. :-\