[blahblahblah]

Ok let’s say pension isn’t a crazy idea. Can you please tell me why I don’t have it? I have a college degree but don’t work for Govt./GM. BTW, Govt/GM are prime examples how things should NOT be managed. I would love to get pension so how can I get it?

It’s NOT sustainable. Look at what happened to GM.

You don’t have a pension because you live in the United States. Autoworkers (and workers of all sorts) have excellent pensions, healthcare, and retirement benefits in other countries. This has not stopped BMW, Porsche, Mercedes, Ferrari, etc… from making high-quality cars and being very successful in the marketplace.

The workers there got and keep their pensions by organizing and not being afraid to shut the country down. In France unions routinely shut down trash service, public transport, and factories over threats to reduce their 5-weeks of vacation or retirement benefits. But of course those are socialist countries and we can never have that sort of thing here in the US.

So I guess to make a long story short, most of us Americans will probably never have a pension. Unless you’re a firefighter (they have a union to protect them). But I suspect that we’ll be “privatizing” fire protection at some point so they will probably lose their pensions as well.

[blahblahblah]

Ok let’s say pension isn’t a crazy idea. Can you please tell me why I don’t have it? I have a college degree but don’t work for Govt./GM. BTW, Govt/GM are prime examples how things should NOT be managed. I would love to get pension so how can I get it?

It’s NOT sustainable. Look at what happened to GM.

You don’t have a pension because you live in the United States. Autoworkers (and workers of all sorts) have excellent pensions, healthcare, and retirement benefits in other countries. This has not stopped BMW, Porsche, Mercedes, Ferrari, etc… from making high-quality cars and being very successful in the marketplace.

The workers there got and keep their pensions by organizing and not being afraid to shut the country down. In France unions routinely shut down trash service, public transport, and factories over threats to reduce their 5-weeks of vacation or retirement benefits. But of course those are socialist countries and we can never have that sort of thing here in the US.

So I guess to make a long story short, most of us Americans will probably never have a pension. Unless you’re a firefighter (they have a union to protect them). But I suspect that we’ll be “privatizing” fire protection at some point so they will probably lose their pensions as well.

[blahblahblah]

I have a college degree but because I don’t work for govt nor GM, I won’t be getting pension after I retire. Meanwhile auto workers graduated from high school and start working at car factory right away and end up with pension. I’m sure working on factory floor has its difficulties and all BUT it doesn’t make sense. That’s unsustainable. We can’t sustain what’s unsustainable.

Wow what an amazing example of the way we think here in the US. Note that pensions are common across Western Europe (and used to be here too!), where lots of good cars and other products come from. However here in the US they are considered “unsustainable” relics of a bygone era. Rather than thinking — “Hey why don’t we all have a pension like the autoworkers? We should organize and hassle our politicians to make that happen!” we instead think “those darned overpaid spoiled autoworkers! They should be totally f***ed like the rest of us and have to work until they drop!”

And most people here think this way. Go ahead and call me crazy for thinking otherwise, I’m used to it.

[blahblahblah]

I have a college degree but because I don’t work for govt nor GM, I won’t be getting pension after I retire. Meanwhile auto workers graduated from high school and start working at car factory right away and end up with pension. I’m sure working on factory floor has its difficulties and all BUT it doesn’t make sense. That’s unsustainable. We can’t sustain what’s unsustainable.

Wow what an amazing example of the way we think here in the US. Note that pensions are common across Western Europe (and used to be here too!), where lots of good cars and other products come from. However here in the US they are considered “unsustainable” relics of a bygone era. Rather than thinking — “Hey why don’t we all have a pension like the autoworkers? We should organize and hassle our politicians to make that happen!” we instead think “those darned overpaid spoiled autoworkers! They should be totally f***ed like the rest of us and have to work until they drop!”

And most people here think this way. Go ahead and call me crazy for thinking otherwise, I’m used to it.

[blahblahblah]

I have a college degree but because I don’t work for govt nor GM, I won’t be getting pension after I retire. Meanwhile auto workers graduated from high school and start working at car factory right away and end up with pension. I’m sure working on factory floor has its difficulties and all BUT it doesn’t make sense. That’s unsustainable. We can’t sustain what’s unsustainable.

Wow what an amazing example of the way we think here in the US. Note that pensions are common across Western Europe (and used to be here too!), where lots of good cars and other products come from. However here in the US they are considered “unsustainable” relics of a bygone era. Rather than thinking — “Hey why don’t we all have a pension like the autoworkers? We should organize and hassle our politicians to make that happen!” we instead think “those darned overpaid spoiled autoworkers! They should be totally f***ed like the rest of us and have to work until they drop!”

And most people here think this way. Go ahead and call me crazy for thinking otherwise, I’m used to it.

[blahblahblah]

I have a college degree but because I don’t work for govt nor GM, I won’t be getting pension after I retire. Meanwhile auto workers graduated from high school and start working at car factory right away and end up with pension. I’m sure working on factory floor has its difficulties and all BUT it doesn’t make sense. That’s unsustainable. We can’t sustain what’s unsustainable.

Wow what an amazing example of the way we think here in the US. Note that pensions are common across Western Europe (and used to be here too!), where lots of good cars and other products come from. However here in the US they are considered “unsustainable” relics of a bygone era. Rather than thinking — “Hey why don’t we all have a pension like the autoworkers? We should organize and hassle our politicians to make that happen!” we instead think “those darned overpaid spoiled autoworkers! They should be totally f***ed like the rest of us and have to work until they drop!”

And most people here think this way. Go ahead and call me crazy for thinking otherwise, I’m used to it.

[blahblahblah]

I have a college degree but because I don’t work for govt nor GM, I won’t be getting pension after I retire. Meanwhile auto workers graduated from high school and start working at car factory right away and end up with pension. I’m sure working on factory floor has its difficulties and all BUT it doesn’t make sense. That’s unsustainable. We can’t sustain what’s unsustainable.

Wow what an amazing example of the way we think here in the US. Note that pensions are common across Western Europe (and used to be here too!), where lots of good cars and other products come from. However here in the US they are considered “unsustainable” relics of a bygone era. Rather than thinking — “Hey why don’t we all have a pension like the autoworkers? We should organize and hassle our politicians to make that happen!” we instead think “those darned overpaid spoiled autoworkers! They should be totally f***ed like the rest of us and have to work until they drop!”

And most people here think this way. Go ahead and call me crazy for thinking otherwise, I’m used to it.

[blahblahblah]

There is a good discussion of this story over at Seeking Alpha. My guess is that this whole event is staged and is designed to send a message to someone. First, the bonds are suspected counterfeit but are indistinguishable from the real thing; they are given away by their date (1934) and denomination ($500M). $500M bearer bonds did not exist in 1934. So someone went to the trouble of producing these perfect counterfeit bonds but then stuck the wrong date on them. Second, only nations deal in such large amounts, yet if a nation wanted to move bearer bonds they could have done so through diplomatic channels without risking customs search. Third, the amount seized is $134.5B, the precise amount announced as remaining in the TARP program fund in March.

Someone is sending a message that unless the US plays ball they are going to take action, maybe involving debasing the US currency through counterfeit? Whoever did this is capable of producing perfect counterfeit bonds and could easily put the correct dates on them.

Very interesting…

[blahblahblah]

There is a good discussion of this story over at Seeking Alpha. My guess is that this whole event is staged and is designed to send a message to someone. First, the bonds are suspected counterfeit but are indistinguishable from the real thing; they are given away by their date (1934) and denomination ($500M). $500M bearer bonds did not exist in 1934. So someone went to the trouble of producing these perfect counterfeit bonds but then stuck the wrong date on them. Second, only nations deal in such large amounts, yet if a nation wanted to move bearer bonds they could have done so through diplomatic channels without risking customs search. Third, the amount seized is $134.5B, the precise amount announced as remaining in the TARP program fund in March.

Someone is sending a message that unless the US plays ball they are going to take action, maybe involving debasing the US currency through counterfeit? Whoever did this is capable of producing perfect counterfeit bonds and could easily put the correct dates on them.

Very interesting…

[blahblahblah]

There is a good discussion of this story over at Seeking Alpha. My guess is that this whole event is staged and is designed to send a message to someone. First, the bonds are suspected counterfeit but are indistinguishable from the real thing; they are given away by their date (1934) and denomination ($500M). $500M bearer bonds did not exist in 1934. So someone went to the trouble of producing these perfect counterfeit bonds but then stuck the wrong date on them. Second, only nations deal in such large amounts, yet if a nation wanted to move bearer bonds they could have done so through diplomatic channels without risking customs search. Third, the amount seized is $134.5B, the precise amount announced as remaining in the TARP program fund in March.

Someone is sending a message that unless the US plays ball they are going to take action, maybe involving debasing the US currency through counterfeit? Whoever did this is capable of producing perfect counterfeit bonds and could easily put the correct dates on them.

Very interesting…

[blahblahblah]

There is a good discussion of this story over at Seeking Alpha. My guess is that this whole event is staged and is designed to send a message to someone. First, the bonds are suspected counterfeit but are indistinguishable from the real thing; they are given away by their date (1934) and denomination ($500M). $500M bearer bonds did not exist in 1934. So someone went to the trouble of producing these perfect counterfeit bonds but then stuck the wrong date on them. Second, only nations deal in such large amounts, yet if a nation wanted to move bearer bonds they could have done so through diplomatic channels without risking customs search. Third, the amount seized is $134.5B, the precise amount announced as remaining in the TARP program fund in March.

Someone is sending a message that unless the US plays ball they are going to take action, maybe involving debasing the US currency through counterfeit? Whoever did this is capable of producing perfect counterfeit bonds and could easily put the correct dates on them.

Very interesting…

[blahblahblah]

There is a good discussion of this story over at Seeking Alpha. My guess is that this whole event is staged and is designed to send a message to someone. First, the bonds are suspected counterfeit but are indistinguishable from the real thing; they are given away by their date (1934) and denomination ($500M). $500M bearer bonds did not exist in 1934. So someone went to the trouble of producing these perfect counterfeit bonds but then stuck the wrong date on them. Second, only nations deal in such large amounts, yet if a nation wanted to move bearer bonds they could have done so through diplomatic channels without risking customs search. Third, the amount seized is $134.5B, the precise amount announced as remaining in the TARP program fund in March.

Someone is sending a message that unless the US plays ball they are going to take action, maybe involving debasing the US currency through counterfeit? Whoever did this is capable of producing perfect counterfeit bonds and could easily put the correct dates on them.

Very interesting…

[blahblahblah]

Agreed SDR.

One thing to watch for is when the manipulators of markets have moved on to the next big thing and abandoned housing. That should help values return to a more stable level (which will still be very expensive here in San Diego relative to other parts of the country). Currently the masses still have a lot of wool that needs fleecing with regards to real estate. When the sheep have all been shorn clean the movers of markets will then switch to green energy stocks or commodities or Nevada municipal bonds or some other such nonsense to begin inflating the next bubble.

[blahblahblah]

Agreed SDR.

One thing to watch for is when the manipulators of markets have moved on to the next big thing and abandoned housing. That should help values return to a more stable level (which will still be very expensive here in San Diego relative to other parts of the country). Currently the masses still have a lot of wool that needs fleecing with regards to real estate. When the sheep have all been shorn clean the movers of markets will then switch to green energy stocks or commodities or Nevada municipal bonds or some other such nonsense to begin inflating the next bubble.

[blahblahblah]

Agreed SDR.

One thing to watch for is when the manipulators of markets have moved on to the next big thing and abandoned housing. That should help values return to a more stable level (which will still be very expensive here in San Diego relative to other parts of the country). Currently the masses still have a lot of wool that needs fleecing with regards to real estate. When the sheep have all been shorn clean the movers of markets will then switch to green energy stocks or commodities or Nevada municipal bonds or some other such nonsense to begin inflating the next bubble.

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