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haii @themaestro post that you share here, in steemit very interesting I really like this post, I think you are creative and you know what will you post and the object selector you will post according to this make your post so interesting, thanks hope you as Made an interesting post again
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The pension crisis is a world event, probably even worse in Europe, because unlike the USA, European nations can not expand their money supply to cover unfunded expenses. With Germany, the ECB and Brussels controlling the euro, they have actually caused massive deflation, when their intent was to inflate the economy. Negative interest rates are deflationary contrary to popular belief. With negative interest rates, your bank has to pay the ECB to hold a required minimum reserve. Where the physical money supply is flowing out of the economy and back to the central bank. Does your bank pay for it? No, they charge a service fee every six months for your account and a service fee for every bank card you have associated with the account. It´s not a make or break you fee either, but take that fee and times it across all of Europe and it´s adds up.
There is a pension crisis in Europe. All my in laws are counting on their future retirement and how much they will get when they retire. None of them have a clue the Rajoy government has spent all of the reserves they paid into for their retirement. Next year the Spanish retirement reserves will be at zero. I was reading the other day even Germany is having pension crisis. That´s why they allowed an invasion into Europe. The eurocrats believe the new "immigrants" will work to cover the shortfall in pensions. This is a time bomb.
Look at the USA, same there. States like Illinois are totally bankrupt. All career politicians, republican and democrat , right and left will blame the "rich." Which is a code word for the middle class, and tax the hell out of them. This is a world event.
Civil Asset Forfeiture is a world event. However, the USA has gone full retard. From the Washington Post. Cops now steal more money from the people than criminals do. Can´t make this chit up!
All of this was created by the baby boomers who are probably the worse generation of all time. The hippies were all about free everything and the man has to pay! They have a communist mentality that they are trying to force on the world. At the same time they live like kings and queens, we are stupid, should just shut up and take it.
Martin Armstrong called 2017 the year of political hell. There are two more elections to go. Germany on Sept 24th 2017. Italy where it´s ambiguous, as to when it will be held, however it has to be over with by May 20th 2018. Who knows, Italy is drowning with the invasion crisis.
Martin Armstrong is also talking about 2018 as another year of turmoil where the euro could fall apart. Boots on the ground, I can see it. The taxes here are so high the government gets a good portion of profits. City tax, providence tax, state tax, Spanish government tax and hidden taxes to Brussels and Germany, which are hidden in your utility bills. Employers are forced to abuse their workers here in southern Europe. They will give you a six month contract for 20 hours, then expect you to work 40-50 hours. People do it because they do not have a job. It´s really not the employers fault, because it´s the only way they can make a profit and pay their bills. Europe has got to the point the government is eating all the profits leaving the producing companies with slim profits. Especially the mom and pop local businesses. They are closing where the multinational corps are moving in. This creates a deflationary cycle in the local economy too. The profits are not going to stay in the local economy.
Deflation is the theme in Europe at the moment, as is it in the USA. I am an American living in Europe. I have a vantage point for Europe and the USA.
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Vote third party. Anything over a career politician.
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Coincidentally using time anchors of the all time low in the DOW to the 1929 high, down to the 1932 low, year 2030 is showing a possible topping area for the dow. The current time frame is an expansion zone for the Dow. I believe the government will not let the baby boomers fail in any way. They are mostly invested in the stock market, so I would not be surprised if we see a very crazy market ahead going into 2030 which is when the worst generation of all time will be totally gone. Which will leave us gen xers with nothing but a pile of excrement. Seriously, we have to ride this wave and make as much money as we can. Because retirement will not be the same for us regarding SS. BTW, I am 51, just a few yrs older than you. We´re in the same boat. https://www.tradingview.com/x/yPOQKDyg/
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Obamacare is only alive because of government subsidies to the insurance companies. https://www.upi.com/Top_News/US/2017/07/29/Trump-threatens-to-halt-Obamacare-insurance-subsidies/7031501354649/
Trump just has to make an executive order to stop it. He should also end Congress´s exemption to obamacare. If congress was subject to oc as the people were, they would end it asap.
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Knowing how corrupt the baby boom career politicians are. Do you really believe they would waste an opportunity to start a war where the people are distracted with war from their corruption? I believe guys like John McCain would openly welcome it. He would be salivating at the idea for a major war. They are seriously insane with power. Even if they have the technology to stop a missile attack, would they use it?
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Colleges have turned into a liberal brainwashing machine!
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Ugggh.
Thanks for the intellectual posts, TG. Refreshing.
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@themaestro your daughters don't need to go to college. I have a degree but looking back it wasn't my degree that furthered my career, it was my life experiences.
A College will put you in debt and brainwash your daughters wtih socialist ideas. The best thing a young person can do now is develop a marketable skill by apprenticing or start a business.
After the financial reset, it will be the people with real skills not college degrees that will prosper.
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That is very sage advice. Ty!
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Any person of any age and any generation needs to learn money 101. Don't get sucked into the debt system.
College. Student loans.
Get married. Wedding debt.
Home. Overbought because the loan guy said you could afford it.
Kids. Even though they are worth it. Cost money
Cars. Have to have a safe car to transport the kids.
Now you are trapped . You are right where the debt backed money system wants you. You are financially done for. You spend every last penny just trying to survive to the next paycheck.
If we can teach our kids from an early age finacial freedom and how to achieve it they will be much better off than 99% of the rest.
How many people do you know that have no debt.
I'm not including a home because you need to sleep somewhere. Being debt free is freedom, it is something to be proud of and something that all should set as a goal.
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