Posts Tagged ‘millions’

Public pensions nationwide are crumbling. Legal loopholes are widening. If you don’t take action to protect yourself and your loved ones, you could be left with nothing….  this is not a hypothetical.

In 2001, the vast majority of pensions were fully funded. Generally speaking, “well-funded” means above 80%. But 50% funding or less is considered the “crisis point.” It’s extremely difficult to come back from 50% or less.

According to a new report from The Pew Charitable Trusts – an independent research organization – pensions in Colorado, Connecticut, Illinois, Kentucky, and New Jersey are less than 50% funded. In fact, New Jersey sits at the bottom of the list… its pension is only 31% funded.

If you’re one of the tens of millions of affected Americans, you should know… you have zero control over what happens.

But there is a solution….  You can move money from your pension….  This gives you total control of your money.” -David Eifrig

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“Who did the most damage: Greenspan, Bernanke, or Yellen?…  When Mr. Greenspan took over at the Fed in August 1987, the government owed about $3 trillion… or about 40% of GDP.  Today, the national debt approaches $21 trillion – more than 100% of GDP.  Household and corporate debt levels have shown similar expansions. Overall, for the last 30 years, total (private and public) debt has grown about twice as fast as the economy that supports it….  And now, hundreds of millions of people depend on the EZ money economy created by Greenspan, Bernanke, and Yellen. Their jobs, their incomes, their investments, their retirements – all depend on keeping the fantasy alive.” -Bill Bonner

Housing Recovery?

Posted: September 10, 2013 in Economics
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“In normal times, two-thirds of real estate activity is organic, meaning people buy homes to live in them. Today, that ratio is reversed: more than two-thirds of all real estate activity in the country today is by either investors or first-time home buyers.  That’s not a recovery….  I can’t even imagine what the impact on the home market would be if every investor today that owns a home decided that it was no longer profitable or worthwhile, and decided to put it on the market.  There are literally millions of homes out there that are owned by investors, and if they decided to rush for the exits, it would be scary.” -Andy Miller  Real Estate Expert

Falling Apples

Posted: June 10, 2013 in Thought for the Day
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“Millions saw the apple fall, but Newton asked why.” -Bernard Baruch