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Abuser of everything
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Analysis by investment group AJ Bell shows that 54 companies in the FTSE 100 index have handed out £48bn to investors in the last two years - despite having a £52bn pension black hole. Oil giant Royal Dutch Shell, for example, last year handed £8bn to shareholders despite figures showing it had a £6.7bn funding gap in 2014.
http://www.dailymail.co.uk/money/ne...lack-holes-handing-billions-shareholders.html

IMO, all ingredients to a massive global devaluation of money, starting with USA. Long overdue.

In the meantime, the US debt (lie other major ones) keeps getting worse and no sign of improvement. We never really recovered from 2008-2009.... just an artificial situation as money is printed like toilet paper.

Unless you are rich with a generous cushion that allows errors, better think twice before taking that pension. True or not?
 

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http://www.dailymail.co.uk/money/ne...lack-holes-handing-billions-shareholders.html

IMO, all ingredients to a massive global devaluation of money, starting with USA. Long overdue.

In the meantime, the US debt (lie other major ones) keeps getting worse and no sign of improvement. We never really recovered from 2008-2009.... just an artificial situation as money is printed like toilet paper.

Unless you are rich with a generous cushion that allows errors, better think twice before taking that pension. True or not?
There's a relatively new law allowing industry-wide pension systems to cut promised benefits to retirees. A friend of mine's father and uncle are retired Teamsters. They were going to get a 30% to 50% hit. But, they're still going back and forth.

The $19T "national debt" is a hoax. If you throw in the unfunded liabilities of SS, Medicare, and federal pensions (civil service and military) it's more like $100T.... the dirty little secret that Washington insiders don't like to talk about.

The silver lining is that the economy can't get strong enough to start inflation back up in a big way. It will take the U.S. literally centuries to dig out of the hole we're in.
 

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There's a Gray Tsunami coming, the baby boomers retiring (less taxes paid, more SS, more Medicare). That will cause the SS-Medicare Ponzi scheme to unravel, with the only solution being higher taxes. This will be trivial compared to the growing national debt.

The economy will hopefully stay strong. But, there are going to be a lot of working people mad when they get their tax bills.
 

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The King of Common Sense
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If the dollars is so weak, why do foreigners keep hoarding it? The sky isn't falling, yet. Yes, China and Japan, two countries who own trillions of dollars recently reduced their holdings, which implies they will be selling less to us, but so what, we don't really need their products. Really, how many new cars and refrigerator or washing machines do you need? They are not a necessity for survival. The US government operates on a yearly cycle. Budgeting for the future, say 5 years from now is a myth. It does not operate like you and me. It has the power to print cash to make adjustments in the budget. My advice is for you to stop holding dollars and put your money in tangibles like stocks (buying the company) and real estate. It doesn't matter which party is in power because each party has powerful friends to dictate monetary policies. Now, I believe everyone is better off today than 8 years ago. If not, it's probably because of some tragic event that occurred in your life or you made bad investments. Remember when Bush was in office when he handed you $400 in cash to spend? "The bill I'm signing today is large enough to have an impact, amounting to more than $152 billion this year, or about 1 percent of the GDP (gross domestic product)," the president said in the brief ceremony in the East Room of the White House. Well, some of you didn't screamed, but you screamed when the democrats handout to the poor. :)
 
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