Tag Archives: Social Security

  • Blog
    © Giordano Aita | Dreamstime.com

    What to Do When Every Market Is Manipulated

    Hint: cut the strings
    by Chris Martenson

    Wednesday, August 15, 2012, 2:34 PM

    4

    If you don't know who the sucker at the card table, is it's you.

    ~ old gambler's saying

    What do the following have in common?

    LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money?

    The answer is that every single thing in that list is an example of market rigging, fraud, or both.

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  • Insider
    © Stephen Martin | Dreamstime.com

    The Middle-Class Survival Guide

    Learn how to fight back
    by charleshughsmith

    Thursday, July 12, 2012, 12:31 AM

    29

    Executive Summary

    • Recognize the signs of serfdom
    • Calculate your income's vulnerability to the system
    • Don't count on high inflation to inflate away your debt obligations
    • 10 strategies you can start implementing right now to defend against the forces trying to sap your quality of life

    If you have not yet read Part I: Middle Class? Here's What's Destroying Your Future, available free to all readers, please click here to read it first.

    In Part I, we surveyed the key dynamics that have eroded middle-class wealth and income over the past 30 years.  Some of these were conventional (higher energy costs) and some were unconventional/politically unacceptable (financialization; neofeudalism).

    Regardless of what you identify as the primary cause, that the middle class (and labor in general) has lost ground since the early 1980s is undeniable, as is the ultimate failure of debt-dependent “growth.”

    What can we do about it? It seems to me there are two responses:

    1. Avoid becoming a serf in the new financialized feudalism
    2. Avoid becoming dependent on the Status Quo and avoid collaborating/supporting those elements of the Status Quo that subsidize and protect the parasitic, inefficient, and unproductive sectors of the economy.

    Getting Real About Serfdom

    I am going to cut to the chase here, and I expect many of you to disagree. Debt is serfdom, period.

    I often illustrate this point by asking two simple questions…

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    Or Sign In with your enrolled account.

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  • Blog

    Obama’s Budget is a Fantastic Comedy

    by Chris Martenson

    Tuesday, February 15, 2011, 3:34 AM

    0

    Fantasy or comedy?  I couldn’t decide which way to label the Obama budget, so I went with both.

    The bottom line is that the Obama administration has brought forth the most unbelievable revenue increase that I have ever seen proposed in a budget, a whopping 65% increase in revenues in just four years, which will – miracle of miracles – drop the deficit as a percent of GDP from nearly 11% to just 3.2% over those same four years.

    The only problem with this scenario is that it stands virtually no chance of actually happening. Revenue will be far lower than projected and the deficit correspondingly higher.

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  • Blog

    Daily Digest 1/27 – Bear Stearns May Have Cheated Clients, Social Security to Run Permanent Deficits, Shelters Could Close

    by DailyDigest

    Thursday, January 27, 2011, 4:00 PM

    0
    • E-mails Suggest Bear Stearns Cheated Clients Out of Billions
    • CBO: Social Security To Run Permanent Deficits
    • Inflation? No Problem … If You Avoid Food
    • Majority of Shelters Could Close with Proposed Budget
    • Arizona Seeks Waiver To Cut 280K From Medicaid Rolls
    • Quinn Calls for Borrowing Plan
    • In U.S., One in Four Unemployed Adults in Financial Distress

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Daily Digest 1/20 – How to Fix Social Security, Rising Gas Prices, Brazil Slams Brakes to Curb Inflation

    by DailyDigest

    Thursday, January 20, 2011, 4:00 PM

    0
    • How To Fix Social Security: A 4-Point Plan That Faces the Brutal Realities
    • Socially Responsible Investing: A Small Step Toward a Better World
    • Social Security Is in Far Worse Shape Than You Think
    • Rising Gas Prices Bring Spending Trade-Offs
    • Brazil Slams Brakes To Curb Inflation, Risking Hot Money Tsunami
    • Tossing The Consumer Under The Bus
    • Spain To Bail Out Cajas, More Billions In Taxpayer-Funded Risk Transfer

    Get started building resilience into your life with our ‘What Should I Do?’ guide

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  • Blog

    Daily Digest 1/17 – Social Security Fraud, WikiLeaks gets Offshore Banking Secrets, Untapped Reserves for BP

    by DailyDigest

    Monday, January 17, 2011, 4:00 PM

    0
    • EMU Policies Are Pushing Southern Europe Into Systemic Political Crisis
    • Accelerating Deposit Flight In Ireland Forces Irish Central Bank To Print Money Independent Of ECB
    • The Fraud at the Heart of Social Security
    • Swiss Whistleblower Plans To Hand Over Offshore Banking Secrets To WikiLeaks
    • Airbus Tops Boeing on Orders, Deliveries Amid Recovery
    • More Strong Bank Results Desired by Investors
    • Rosneft Deal Brings BP Trove of Untapped Reserves

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Daily Digest 12/8 – Treasury Spike After Tax Deal, Unemployment Insurance Rate Rises, World Oil Supply Crisis

    by saxplayer00o1

    Wednesday, December 8, 2010, 4:00 PM

    0
    • Tax Cuts Could Hurt Moody’s U.S. Rating: Report
    • Treasury Yields Spike After Tax Deal
    • New York State Pension $71 Billion Underfunded, Empire Center Report Says
    • Social Security Fund Can Weather Tax Break
    • Florida’s 2011-12 Budget Outlook Getting Gloomier
    • Unemployment Insurance Rate To Rise (Nevada)

    • Increases In Unemployment Insurance Rate Could Impact Small Businesses (Utah)

    • Nys Public Pension Costs Will Double In 5 Years: Report
    • Top Pension Schemes Facing Funding Shortfall ‘Soars By 50 Per Cent’ (UK)
    • City Oks $67 Million Budget, Ends Trash Pickup At 450 Properties (Poughkeepsie)
    • Fight Brews Over Houston Budget, Furloughs
    • Greenlight’s Einhorn Says Global Sovereign Debt Crisis Looms

    • Higher Gas Prices Mean Cuts For Some Shoppers
    • World Faces Oil Supply Crisis – Iran Opec Chief
    • Governor To Call Emergency Session (Washington)
    • ECB Said to Be Buying Irish, Portuguese, Greek Government Securities Today


    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Daily Digest 11/13 – EU Financial Bailout, Cut Social Security?, End of Growth

    by DailyDigest

    Saturday, November 13, 2010, 4:00 PM

    0
    • Government Campaigns to Avoid EU Financial Bailout
    • Japan Hopes for U.S. Help in Row With China
    • Cut Social Security Benefits? Yes, Some Say
    • Price Volume Action Signals Countertrend Move in US Dollar, Gold
    • The End of Growth
    • Crude Falls on Economic Growth Fears
    • EPA Bid for Carbon-Rule Clarity Fails to Satisfy U.S. Business, Lawmakers

    Get started building resilience into your life with our ‘What Should I Do?’ guide

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  • Blog

    Daily Digest – July 17

    by Davos

    Friday, July 17, 2009, 3:00 PM

    0
    • Ratigan and Riholtz Discuss Goldman (Video)
    • The Chinese Equity Bubble: Ready to Burst
    • Social Security spends $700,000 on Phoenix conference
    • NYC: 57% Tax for Top Earners
    • California tax officials: Legal pot would rake in $1.4B
    • Foreclosures rise 15 percent in first half of 2009
    • Poor in Colorado may get free phones
    • Cash-poor Connecticut may sell land, buildings
    • Hedge Fund Buys 5 Billion in Gold Bullion
    • What’s the Real CPI?

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  • Blog

    Daily Digest – June 22

    by Davos

    Monday, June 22, 2009, 3:13 PM

    0
    • Xie: Chinese Banks Funding Commodities Speculation, Casting Doubt on Recovery
    • Dad, Mom, Grand: Means of deficit reduction, Medicare and Social Security
    • One Wrong Move (Video)
    • Investors are finally seeing the nonsense in the efficient market theory (H/T Fujisan)
    • States in Deep Trouble Over Plunging Income Tax Revenues (H/T Fujisan)
    • Dirty Rat Gamblers!
    • Terrific pressing TV journalism by Dylan Ratigan (Video)
    • When, not if, equities tank again
    • Steve’s Economic Forum AKA Two Beers with Steve
    • Record Unemployment Rates in Eight States

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