Forum Replies Created
-
AuthorPosts
-
The-Shoveler
ParticipantFlat currency I always heard Ron Paul was for a flat currency, (forgive me if I am wrong about that),
It’s just I don’t want to repay China with Gold (or anyone else for that matter),
We are a little like Greece you know.
we will be needing to inflate our way out of this mess fairly soon. (mostly it’s the fixed income with no debt crowd that likes this flat currency Idea).
Really we don’t need anything from China or the middle east for that matter so I don’t worry about them not taking our money.
Participant[quote=bearishgurl]Good L@rd, I think EVERYBODY should have a chance at a FERS, PERS, CALPERS, SDCERA, SDCERS and related gov’t pensions… let’s open up the “floodgates” and see how many “viable” applicants we get, lol, lol . . . let it roll . . .[/quote]
Now your talking !!,
I always said the only way to ensure that SS stays viable is to make it the only plan available to federal and state employees that is funded and guaranteed by U.S. tax payers.Now we first need to ensure that all State employed residents who pay payroll taxes can participate in these plans and that they pay the exact same percentage the State employees pay, and have the same benefits. I think everyone will support these plans into the future (with enthusiasm even).
Otherwise even though they are by law not able to be defaulted by the state, new laws will be passed eventually (necessity is the mother of invention).
The Mayor of San Jose once said, one day in the not too distant future, there will only be one San Jose city employee, his job will be to pay the pensions of former city employees.
Well there is one other possibility, we could have some inflation. maybe 7 – 8 % for 5 to 10 years. That would probably get us there as well.
Participant[quote=CA renter][quote=Nor-LA-SD-GUY2]What OWS needs is a message!!
WHAT DO WE WANT !!
A BIGGER PICE OF THE PIE NOW !!
WHAT DO WE WANT !!
HIGHER WAGES NOW !!
WHAT DO WE WANT !!
A BETTER RETIREMENT PLAN NOW !!!
WHAT DO WE WANT !!
EVERYONE GETS A CALPERS ACCOUNT NOW !![/quote]They already have one, and public employees with CalPERS don’t get it. It’s called “Social Security.”
Which brings up another point… If we get rid of the pension obligations for existing public employees (who usually pay more into their pension plans than SS beneficiaries pay into theirs), we’d need to get rid of the Social Security obligations for private sector employees, too. I’m sure all you “taxpayer advocates” would be on board with that. After all, fair is fair, right?[/quote]
If I could collect SS at 55 yes I would say they are even somewhat remotely similar plans but they are not.
OK let’s talk fair, California public employees can put in for and collect SS it seems fair that EVERY California resident should be able to apply and be part of CALPERS as well.ParticipantTo rely on companies to fund a retirement pension these days I think would not work,
They need to establish a National pension plan similar to CALPERS.And they need a message !!!
WHAT DO WE WANT !!
A BIGGER PICE OF THE PIE NOW !!
WHAT DO WE WANT !!
HIGHER WAGES NOW !!
WHAT DO WE WANT !!
A BETTER RETIREMENT PLAN NOW !!!
WHAT DO WE WANT !!
EVERYONE GETS A CALPERS ACCOUNT NOW !!ParticipantWhat OWS needs is a message!!
WHAT DO WE WANT !!
A BIGGER PICE OF THE PIE NOW !!
WHAT DO WE WANT !!
HIGHER WAGES NOW !!
WHAT DO WE WANT !!
A BETTER RETIREMENT PLAN NOW !!!
WHAT DO WE WANT !!
EVERYONE GETS A CALPERS ACCOUNT NOW !!ParticipantI don’t have time today need to get stuff out,
Will try to look up this weekend,
I will throw this out, esp when people talk about vacant homes in the media, in really most of the vacant homes are only in a few cities like Detroit and when talking about percent’s they use towns like Tuscan AZ.
The way they talk you would think about 20-30% of the homes in SD are Vacant, but I guess the truth does not sell books or make good headlines.ParticipantJuly 2011
California ranks in the top five of both categories. Nearly a third of California homeowners with mortgages — 2.1 million families — owe more than their homes are worth, according to CoreLogic. And each of those borrowers is underwater by an average of about $93,000http://articles.latimes.com/2011/jul/31/opinion/la-oe-gelinas-foreclosure-california-20110731
ParticipantOK Fine whatever they had no control what so ever over minimum wage hmmm,
But regardless we won’t get out of this debt trap without inflation (nor will they).
Participant[quote=briansd1]I agree that it’s fine for the Federal government to be spending money to stimulate the economy.
Economists have been talking of the lessons of Japan but unfortunately, our government is paralyzed by obstructionists.
Yes, welcome to Japan.
PS: did you mean to say that the Japanese traded deflation for more government debt? If the government had not gone on a building spree, deflation would have been much worse in Japan.[/quote]
I agree with that, but it was the aged population (soon to be fixed income) that the politicians were playing to and that is the reason they had no inflation, which was the end of growth, as the young and current as well as future were left with only lower wages and expectations.
So they had to create Jobs as there was no other growth.The Debt trap. The German example was actually a good one.
ParticipantThe logic, is that without inflation, we have 30% of mortgage holders (and no most will not be walking away) with approx. 90K in debt over what they could sell for ,meaning they are stuck and they are not going to be in a spending mood for a very long time.
Also the Gov debt will need to be paid off in basically “GOLD” if there is no inflation.
We would need about 5 years of 7-8% inflation to get anywhere close to being out of this debt trap.
Until then welcome to Japan (without the culture of course).ParticipantIn other words, it’s fine for the Gov to print money, but those dang citizens better pay off their debt in GOLD dang it !!!
ParticipantHmm well in 1988 Japan had a huge surplus, but when they had their real-estate bust in 1991 they had to revert to very large defect spending to keep the unemployment below 5% (building highways bridges etc…) (BECAUSE THEY (the Japanese population) ABSOLUTLY WOULD NOT TOLERATE INFLATION)
Well I am fine with the defect spending I just think they will need to get the unemployment down or they (we) are looking at revolt fairly soon.
I would need to get the data together but I would think, you could attribute most of the difference between the current 11~13% to the more normal 5-6% unemployment in ca directly to the real-estate industries.
ParticipantUltimately I think this becomes a compensation protest.
Maybe 15 dollar minimum wage with some better retirement plan ?
(maybe EVERYONE !! joins Calpers).ParticipantI like Anza,
Kind of like the next “Acton or Aqua Dulce”
Those are nice area’s really if you are familiar with the area,Kind of where a lot of the well to do in Nor-LA go to own horse property or maybe their own airstrip.
-
AuthorPosts
