Page 1 of 2 12 LastLast
Results 1 to 10 of 18

Thread: The shit is about to hit the fan for Pension Funds

  1. #1
    Platinum
    Join Date
    Apr 2010
    Posts
    1,205
    Thanks
    0
    Thanked 0 Times in 0 Posts

    The shit is about to hit the fan for Pension Funds

    http://gold-silver.us/forum/index.php?topic=1248.msg13086#msg13086

  2. #2
    Book
    Guest

    Re: The shit is about to hit the fan for Pension Funds

    Wow. Well worth the seven minutes to watch this jaw-dropping video.




  3. #3
    Gold gunny highway's Avatar
    Join Date
    Apr 2010
    Posts
    500
    Thanks
    156
    Thanked 157 Times in 75 Posts

    Re: The shit is about to hit the fan for Pension Funds

    thanks, good vid.
    bump
    "Don't take life too seriously. You'll never get out of it alive."
    -unknown

  4. #4
    Unobtanium osoab's Avatar
    Join Date
    Apr 2010
    Posts
    15,215
    Thanks
    3,193
    Thanked 3,482 Times in 2,384 Posts

    Re: The shit is about to hit the fan for Pension Funds

    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.
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
    H.L. Mencken

    "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
    H. L. Mencken

  5. #5
    Great Value Carrots StackerKen's Avatar
    Join Date
    Apr 2010
    Posts
    4,041
    Thanks
    85
    Thanked 37 Times in 24 Posts

    Re: The shit is about to hit the fan for Pension Funds

    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?
    "If a law is unjust, a man is not only right to disobey it, he is obligated to do so." T.J.

    Injustice anywhere is a threat to justice everywhere. (MJK)

    Silence is Treason!

  6. #6
    Unobtanium osoab's Avatar
    Join Date
    Apr 2010
    Posts
    15,215
    Thanks
    3,193
    Thanked 3,482 Times in 2,384 Posts

    Re: The shit is about to hit the fan for Pension Funds

    Quote Originally Posted by StackerKen
    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.

    I hope you have a contingency plan or 5.
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
    H.L. Mencken

    "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
    H. L. Mencken

  7. #7
    Great Value Carrots StackerKen's Avatar
    Join Date
    Apr 2010
    Posts
    4,041
    Thanks
    85
    Thanked 37 Times in 24 Posts

    Re: The shit is about to hit the fan for Pension Funds

    Quote Originally Posted by osoab
    Quote Originally Posted by StackerKen
    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.

    I hope you have a contingency plan or 5.
    Well I can probably work for another 20 years or more if I need to.

    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.
    "If a law is unjust, a man is not only right to disobey it, he is obligated to do so." T.J.

    Injustice anywhere is a threat to justice everywhere. (MJK)

    Silence is Treason!

  8. #8
    Unobtanium osoab's Avatar
    Join Date
    Apr 2010
    Posts
    15,215
    Thanks
    3,193
    Thanked 3,482 Times in 2,384 Posts

    Re: The shit is about to hit the fan for Pension Funds

    Quote Originally Posted by StackerKen
    Quote Originally Posted by osoab
    Quote Originally Posted by StackerKen
    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.

    I hope you have a contingency plan or 5.
    Well I can probably work for another 20 years or more if I need to.

    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 silver)
    I should be ok.

    But I have to be Out of the building trades in order to collect my annuity and My Pension
    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.
    Go out as a private contractor outside of union work if you can. Cash on the barrel head.
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
    H.L. Mencken

    "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
    H. L. Mencken

  9. #9
    Book
    Guest

    Re: The shit is about to hit the fan for Pension Funds

    Quote Originally Posted by StackerKen

    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...
    Pensions are invested on Wall Street and when the music stops it all goes POOF!

    Watch the video to understand just how huge the cancer is. It will wipe out EVERYTHING including pensions.

  10. #10
    Great Value Carrots StackerKen's Avatar
    Join Date
    Apr 2010
    Posts
    4,041
    Thanks
    85
    Thanked 37 Times in 24 Posts

    Re: The shit is about to hit the fan for Pension Funds

    Quote Originally Posted by osoab
    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.
    Go out as a private contractor outside of union work if you can. Cash on the barrel head.
    I can take My Annuity Lump sum, which is a nice chunk of change...

    But not the pension. That I will have to collect monthly. If and for as long it is there to collect.
    "If a law is unjust, a man is not only right to disobey it, he is obligated to do so." T.J.

    Injustice anywhere is a threat to justice everywhere. (MJK)

    Silence is Treason!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •