From Birch Gold Group
What was initially a slow breakdown in America’s pension system is now a speeding train wreck, one that has become a risk to more than just pension holders. New statistics on Americans’ saving habits are adding a new dimension to an already massive economic threat.
Traditionally, retirees have viewed pension programs as something they can count on 100%, no questions asked. For decades, pensions — both public and private — have always found a way to make good on their promises. But those days are long gone, and the conditions for pension programs in the U.S. are deteriorating quickly.
It looks as if America’s retirees and soon-to-be retirees are far less equipped to weather a future economic storm than we previously thought.
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
1 Mistake Most Current and Soon-to-Be Retirees are Making
Saving for retirement is crucial for security and comfort later in life. Pension programs make it easy by offering guaranteed benefits (well, supposedly…) and taking responsibility off individuals’ shoulders.
Employee retirement accounts (401ks and IRAs) have a similar story. Once an employee decides how much to contribute, the money goes in and they don’t have to worry about it ever again.
But there’s a negative side-effect that comes with that shift in responsibility: People start believing they don’t need to save for retirement outside their pension or employer-sponsored program.
After all, they’ve paid into the program for years. If it happens to be a pension, the benefits are supposed to be a sure thing. And if it’s a standard retirement account, the fund managers at whatever brokerage handling the account surely have everything under control, right?
With that mindset, why would they give up extra cash by putting it into some other retirement account and trying to manage it themselves? It would just mean extra stress and less spending money.
Well, there are several good reasons not to take that mindset, which we’ll get to in a second. But first, let’s talk about…
The Desperate Reality for Retirees
Not only is there a rampant misguided mentality regarding the safety of pensions and retirement plans, but the decline in Americans’ rate of retirement saving is reaching epidemic proportions.
A recent report from the Employee Benefit Research Institute peeked behind the curtain of Americans’ retirement savings habits, and what they found isn’t pretty. The report is called the Retirement Confidence Survey (RCS), and it’s been collecting annual retirement data longer than any other formal study.
Here are two particularly shocking findings from the most recent RCS:
1) 1 in 4 workers have less than $1000 in savings for retirement.
That means if these individuals were forced to retire tomorrow, they’d be utterly destitute. On top of that, they’d be an immediate draw on the country’s already crumbling retirement welfare system, which is expected to become insolvent after 2034.
2) 47% of workers report a net worth of less than $25,000 (excluding the value of their home and primary retirement plan).
This proves one very important thing: the majority of Americans are putting all their trust into one employer-sanctioned retirement plan. Outside that plan, their savings are pretty much abysmal. And what happens if your pension goes bankrupt — as an increasing number are today — or your 401(k) or IRA goes up in smoke after the next market crash? You’ll be out of luck.
Absolve This Huge Sin of Retirement Savings
If you’re like the millions of Americans who are unfortunately putting all their eggs in one basket by relying solely on an employer sponsored retirement program or pension, the most important thing for you to do is start hedging your risk against what could soon be America’s next economic meltdown: the retirement system collapse.
As you seek that risk aversion, ask yourself:
- “Is this asset something with real and tangible value that cannot be slashed by a pension committee or gambled away by a brokerage firm?”
- “Do I have control over this asset – not your employer or some hot shot on Wall Street?”
As one of the nation’s leading dealers of physical precious metals – particularly for use in a self-directed Precious Metals IRA – we strong believe that physical gold can satisfy those demands.
Setting up an IRA backed by gold is just as simple – maybe even easier — than any form you filled out for your current retirement plan. In fact, the IRA Specialists at Birch Gold Group can assist you in the entire process. Plus, gold is one of the best ways to put a barrier between you and the financial chaos that may come from today’s looming retirement crisis.
If you’ve been waiting on the sidelines and are ready to act now, we’re ready to help.
Birch Gold Group helps Americans protect their savings with physical gold and silver. Clients can purchase precious metals for physical possession, or move their IRA or 401(k) into a Precious Metals IRA. To learn more, request a free Info Kit on Gold – there is zero cost and zero obligation to you. All you need to do is enter your details at www.birchgold.com
There are 1200 Trillion, intentionally-mislabeled, “Federal Reserve notes, bills and bonds”, owed to “Securities Fraud”. Those “Securities Fraud” monies are owed to “Pension Theft” as it relates to running a wall street “BUCKET SHOP”.
THE PENSIONS WERE ROBBED IN ORDER TO USE THOSE PENSION FUNDS TO MISREPRESENT “MORTGAGE OWNERSHIP”.
The criminals employed the MERS and RESCAP to COUNTERFEIT TITLES to American Home Ownership.
The Pension money was used to satisfy American Mortgage “debts”, in-full, on the front end; Title was then Counterfeit and homeowners continued sending 20 or 30 years’-worth of payments (monthly) on “loans” the Pension Funds had already satisfied “IN FULL”.
When an unknown, 3rd party pays a homeowner mortgage it is ILLEGAL and a violation of basic contract LAW.
In this SCAM, a 100 K mortgage (paid-in-full-on-the-front-end), will generate, for the criminals possibly, as much as 3 X the initial debt of 100 K, or, 300 – to – 400 K.
The banks are employing this strategy to launder terror and drug Cartel Money for “Sanctioned Entities (Iranian Quds Forces, as an example) of the US, that are murdering American and British Soldiers in Afghanistan and Iraq.
A list of relevant articles ( they are all found on “Livinglies” web site) is given, below:
Why Investors (Pension Funds) Should Link With Borrowers in Suits Against Investment Banks
Posted on January 18, 2013 by Neil Garfield |
CHECK OUT OUR DECEMBER SPECIAL! What’s the Next Step? Consult with Neil Garfield For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than you think). Editor’s […]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: banks, borrowers, Custodial funds, fraud, investment banks, investors, Master Servicer, REMIC, trust, trust account | 297 Comments »
Pension Fund Bangs Goldman for $26.6 Million
Posted on August 7, 2012 by Neil Garfield |
Editor’s Note: The allegation was that the Pension Fund was misled into buying securities backed by risky mortgages from the now defunct New Century Financial. The importance of this is that it corroborates what we have been saying all along. The pension funds were required by law to invest in “stable” funds which means in […]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: AIG, Goldman Sachs, meeting of the minds, mortgage liens, New Century Financial, pension funds, stable funds | 16 Comments »
Pensions to Be Slashed By Fake Losses on Mortgage Bonds
Posted on July 23, 2012 by Neil Garfield |
Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership […]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: bank regulators, Barclays, pension benefits, PENSIONS, shadow banking, underfunded pensions, Wall Street Journal, yield spread | 87 Comments »
Pensioners Will Feel the Pinch from Illegal Mortgages and Foreclosures
Posted on May 30, 2012 by Neil Garfield |
Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: There are many people whose opinion produces the resistance of government to rip up the banks that got us into this economic […]
Filed under: foreclosure | Tagged: Alan Milligan, Alaska, austerity measures, Boston College, California Public Employees Retirement System, CalPERS, Center for Retirement Research, Chuck Reed, Dan Dunmoyer, Danny Hakim, deadbeat homeowners, Edmund J McMahon, Empire Center for New York State Policy, foreclosures, Gina M Raimondo, Harry Nespoli, ICELAND, illegal bank activities, illegal mortgages, Jeremy Gold, legislature, Madoff, Maine, MARY WILLIAMS WALSH, Michael R Bloomberg, Milliman, Municipal Labor Committee, National Association of State Retirement Administrators, New York, Obama, pensioners, public pensions, Public retirement systems, restitution, RHODE ISLAND, Robert North, SACRAMENTO, San Jose, Securities and Exchange Commission, State Legislature, stock market, TRUSTEES, UNIONS, Vermont, Wall Street bankers | 12 Comments »
Conflicts of Interests — Federal Judges’ Pensions Invested in Toxic MBS
Posted on February 14, 2012 by Neil Garfield |
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Posted by Reader Yes, and here is something Neil posted on LL https://livinglies.wordpress.com/2011/02/19/judges-conflict-of-interest-pensions-are-in-mortgage-backed-securities/ and Neil posted this and read down thru blog posts https://livinglies.wordpress.com/2010/11/24/homeowners-investigating-judges-conflict-of-interest/ and you may want to read this to start research into Blackrock
and If you go […]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: 60 minutes, AHMSI, appraisal fraud, attorney general, auction fraud, Chris Koster, credit bids, DocX Indictment, foreclosure fraud, FORECLOSURE SETTLEMENT, foreclosures, forgery, housing market, housing prices, investors, linda green, LPS, Missouri, mortgage fruad, mortgages, Robo-Signing, settlement, strategic default | 18 Comments »
Pension and Union Funds Were Upside Down the Moment They Bought MBS
Posted on February 5, 2012 by Neil Garfield |
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-168 Editor’s comment: Smith’s statement about the passivity of investors is well taken. Up until recently, they were content to let the Banks and servicers fight it out and they assumed they would get their fair share of the money that was […]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: appraisal fraud, Banana republic, Banking industry, Credit markets, foreclosure fraud, FORECLOSURE SETTLEMENT, foreclosures, housing market, housing prices, Investment management, investors, legal, mortgage fruad, mortgages, POLITICS, Real estate, Regulations and regulators, settlement, strategic default, The destruction of the middle class, uaction fraud | 26 Comments »
AP: BOA SETTLES WITH MISSISSIPPI PENSION FUND: $315 MILLION
Posted on December 7, 2011 by Neil Garfield |
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT JUDGE RAKOFF APPROVES SETTLEMENT EDITOR’S COMMENT: SINCE JUDGE RAKOFF APPROVED THE SETTLEMENT, WE CAN ONLY ASSUME THAT THE NUMBERS WERE MORE IN LINE WITH WHAT WAS APPROPRIATE. But on the other hand, here you have payment from BOA to the actual creditors who […]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: bankruptcy, BOA, borrower, COMBO, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, loan level analysis, LOAN MODIFICATION, MISSISSIPPI, modification, pension funds, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND | 26 Comments »
JUDGES CONFLICT OF INTEREST: PENSIONS ARE IN MORTGAGE BACKED SECURITIES
Posted on February 19, 2011 by Neil Garfield |
Received this uncorroborated report. I checked with some sources who thought it was true. Anyone with information please write back in This is just some quick search info on Maricopa County pensions. No wonder the judges and cops will break any law to help the banks. 2 years ago they had $680 million in their […]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | 59 Comments »
NJ Court Considers Statewide Foreclosure Suspension Jan 19
Posted on January 7, 2011 by Neil Garfield |
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: As concern mounts that the entire title infrastructure has been put at risk by shoddy practices in lending, recording, transferring and foreclosing mortgages, a New Jersey Judge has set a hearing to consider suspension of ALL foreclosures by the megabanks pending further investigation. […]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: creditor, disclosure, foreclosure, foreclosure defense, foreclosure offense, New Jersey | 12 Comments »
WAKE UP! WALL STREET STILL SUCKING WHAT IS LEFT OUT OF OUR PENSION SYSTEM
Posted on October 22, 2010 by Neil Garfield |
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary WHEN IS THE PUBLIC OUTRAGE GOING TO TRANSCEND PARTY LINES AND IDEOLOGY? WHEN WILL WE BREAK UP THE BANK OLIGOPOLY THAT HAS US IN A DEATH GRIP OF FINANCIAL SLAVERY. WHY DO WE VOTE FOR THESE PEOPLE? AS PJ O’ROURKE SAYS, IT ONLY ENCOURAGES THEM. […]
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | 24 Comments »
Keep it coming Michael. Sing it loud.
Yes they all screwed us
Precious metals lead and brass and let’s not forget those police and sheriffs departments that will evict us when we can no longer pay our property taxes to help fund their bankrupt pensions well fuck them too join the club
Yes, I have noticed around here that the cops have been a lot more active in revenue collection operations – IE Speed traps lately. More motorcycle cops hiding behind the monument sign at the church. More cops on “patrol” on busy main streets rather than driving through neighborhoods looking for real criminals casing houses during the day.
I suspect that the police pensions are feeling a little bit of heat, and they are harvesting more from John and Jane Q public to equalize the deficiency.
Remember, that when you sheeple vote for another bond issue to “increase the number of cops on the street”, you know – for the safety of the children, they are not going to necessarily deploy those cops to homicide or robbery investigations; those practices don’t generate revenue. More likely, TPTB will deploy them to the motorcycle and patrol car revenue collections brigade to extract around $300.00 plus dollars from your wallet for the heinous crime of exceeding the speed limit by 11 miles an hour. Because, clearly that is a major public threat.. Some snowflake may have the wind increased around them because that naughty “speeder” could have ruffled their feathers……..yea right.
I never worry about speed traps because I obey the speed limits.
But I see people pulled over by cops all the time because they don’t.