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overtheedge
Membre depuis mai 2012
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"Another Brick in the Wall? " with Graham Mehl

- Andy Sutton -

Good article
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The probability is greatest that the pension plans throughout the US will be insured by a new agency: Federal Retirement Insurance Corporation.

As all monies currently in the pension plans is already invested (?), there will be a transition period where 20-40% is cycled into UST-bonds.
The self-directed plans (401K as an example) will make a similar transition to a quasi-self-directed plan where 20-40% is managed by an agency.

Now here comes the goody. All new monies entering the pension system will be invested in UST-bonds at a minimum of 50%.

Insurance isn't free and for this to stand a chance of working on paper, the new FRIC must have deep pockets from the get-go.
We don't want another under-funded agency like the FDIC.

Now imagine everything holds together for a few more years. Then the cascade failure will mean a bail-in for the pension plans. Uh-huh. Your retirement monies converted to common shares in another Maiden Lane LLC. (Limited Liability Company)
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The bail-in strategy has a up-side we often overlook. Those folks that see the graffiti on the wall will withdraw their monies shortly after the direct deposits are made.
Rather than hold cash, the withdrawn monies will be converted to tangibles quickly. Ergo increased spending contributing to the velocity of money. Exactly what the PTB and bankers have been extolling us to do. We are being extorted into following this course of action by our experientially perceived rate of inflation.
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If you didn't see this coming, you really need to put down the remote and step away from the TV. I am a bit curious. While you were watching that giant screen TV, did you even notice the DHS public service message recommending each family to put in some emergency survival stores? If the PTB was blunt instead of hinting, the wildlife would riot and burn the world down. How many official hints do you need?

It is gonna get worse. A lot worse. But Zimbabwe didn't die. Wiemar Germany survived both the hyperinflation and the stupidity that followed. Rational plans and preparations can greatly add to the probability that you can survive and profit quite nicely in the new economic paradigm. PMs are nice, but in demand skill-sets with the required tools will last a long lifetime. If you are a one-trick pony, you'd better be the best and that one trick is in high demand.

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Début de l'article :For the past few months we have been sounding the alarm both separately and collaboratively regarding the impending (although not necessarily imminent) looting of the Western financial system including bank accounts, public pension funds, and likely private retirement accounts to some extent. With regard to the bail-in doctrine now in place in much of the rest of the world, it appears as though Australia is jumping on board as well - as part of the 2013-2014 government budget no less... Lire la suite

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