When The S*** Hits the Fan

Archives for April 12, 2016

Hilarious Video: Brothers Convince Drugged Little Sister Of #Zombie Apocalypse

April 12, 2016 by mac slavo

fake-zombies-1

In what may be the funniest video you see today, two brothers and their mother played a pretty hilarious practical joke on their little sister.

The sister had her wisdom teeth pulled and after the surgery she was a bit out of it.

Not letting a good opportunity go to waste, the brothers conspired to convince their sister that a viral infection was spreading across the city, complete with a fake emergency message from the CDC.

Once convinced that it was happening, the sister was asked to make some split second, life-saving decisions that included deciding between taking the dog or the cat, whether they needed Funfetti or chocolate, and if Mexico was the best place to bug out.

Watch:

Also See:

The Prepper’s Blueprint: How To Prepare For A REAL Zombie Apocalypse

Top Tier Gear USA: This Will Protect You From A Bio-Weapon Attack (As well as Chemical, Nuclear or Radiological WMD)

Evac Strategy: How To Create a Coordinated Bug Out Plan

The Prepper’s Conundrum: To Bug in or Bug Out?

5 Awesome Backpacks That You’ll Want To Bug Out With

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: Headline News

#Whistleblower Says #CIA Behind #PanamaPapers Leak

April 12, 2016 by carey wedler

 

Carey Wedler
April 12, 2016

(ANTIMEDIA) A former Swiss banker-turned-whistleblower has accused the CIA of playing a key role the Panama Papers leak, which implicated numerous foreign leaders, companies, organizations and individuals in offshore tax evasion, among other offenses. Bradley Birkenfeld, a former American banker for Swiss firm UBS, told CNBC  “the CIA I’m sure is behind this, in my opinion,” in an interview conducted Tuesday from Munich.

Birkenfeld originally blew the whistle on American tax evaders using Swiss bank accounts to divert their funds away from the reach of U.S. authorities. He served two-and-a-half years for his involvement and was released from prison in 2012. Pursuant to whistleblower policy, Birkenfeld was awarded $104 million of the $780 million settlement UBS was forced to pay as a result of his cooperation with authorities. Since his release from prison in 2012, he has said he wants “to force the government to explain why it was so aggressive in prosecuting him, but let nearly everyone else involved in the scam get off with light penalties or none at all.”

Focusing on the CIA on Tuesday, Birkenfeld was careful to note his comments were his “opinion,” but nonetheless offered strong observations on the scope of the data leak, which is the biggest in history.

“The very fact that we see all these names surface that are the direct quote-unquote enemies of the United States, Russia, China, Pakistan, Argentina and we don’t see one U.S. name. Why is that?” Birkenfeld said. “Quite frankly, my feeling is that this is certainly an intelligence agency operation.”

Asked why a U.S. spy agency would release information that damages U.S. allies, like David Cameron, Birkenfeld said he was likely “collateral damage” in the purported overarching scheme to smear American adversaries.

He suggested the CIA had a calculated role in the way the leak was presented to the public:

truth-cancer-ad

“If you’ve got NSA and CIA spying on foreign governments they can certainly get into a law firm like this,” Birkenfeld said. “But they selectively bring the information to the public domain that doesn’t hurt the U.S. in any shape or form. That’s wrong. And there’s something seriously sinister here behind this.”

Birkenfeld’s comments seem even more perceptive considering German newspaper Sueddeutsche Zeitung reported Tuesday that “secret agents and their informants have made wide use of [Mossack Fonseca’s] services,”as translated by Raw Story. Sueddeutsche Zeitung originally received the leaked data from an anonymous whistleblower before handing it over to the International Consortium of Investigative Journalists (ICIJ).

“Agents have opened shell companies to conceal their activities… Among them are close intermediaries of the CIA,” the German publication noted. Other individuals reportedly mentioned in the leaks included players in the infamous 1980s Iran-Contra scandal, in which the CIA was involved. The Iran-Contra scheme involved the U.S. selling weapons to Iran in exchange for the release of American hostages, then using the profits to fund anti-communist rebels in Nicaragua.

Though the CIA was not explicitly named in Sueddeutsche Zeitung’s report, their “intermediaries” were. Regardless, these revelations taken alongside Birkenfeld’s suspicions can mean one of two things: either Birkenfeld is wrong, or the CIA actually is involved with the Panama Papers and considered reports on their “intermediaries” to be “collateral damage,” as Birkenfeld suggested of Cameron.

Regardless, the Panama Papers leak has faced scrutiny beyond Birkenfeld’s. Wikileaks has called on the ICIJ to make all data from the 11,500 leaked pages available to the public.

Wikileaks also said, “If you censor more than 99% of the documents you are engaged in 1% journalism by definition.”

Gerard Ryle, Director of the ICIJ, has said, “We’re not WikiLeaks. We’re trying to show that journalism can be done responsibly,” and the ICIJ has noted it will not release all of the data. However, it will continue to release parts of the leak in the coming months.

Wikileaks also took to Twitter to accuse the ICIJ of being a “Washington DC based Ford, Soros funded soft-power tax-dodge” that “has a WikiLeaks problem.”

Further, the publishing organization accused ICIJ and the Organized Crime and Corruption Reporting Project, with whom ICIJ shared the data, of launching an attack against Russian president Vladimir Putin:

“Putin attack was produced by OCCRP which targets Russia & former USSR and was funded by USAID & Soros,” Wikileaks tweeted. Another Twitter post later clarified the Panama Papers were not an “attack” against Putin, but that “DC organization [ICIJ] & USAID money tilt coverage.” USAID, the U.S. Agency for International Development, has been previously accused of corruption. Billionaire George Soros has been accused of influencing narratives in the mainstream media.

Regardless of who was behind the leak — and who may or may not be clandestinely pulling the strings on the flow of information — the CIA has faced similar accusations of media manipulation before. Otto Ulfkotte, the former editor of the Frankfurter Allgemeine, a large German publication, said he was bribed by the CIA to write pro-American stories.

“It is not right what I have done in the past. To manipulate people and make propaganda,” he said in 2014. “I was bribed by billionaires, I was bribed by the Americans not to report exactly the truth.” Explaining how this relationship began, he said:

“Germany is still kind of a colony of the United States… And being a colony it is very easy to approach young journalists from transatlantic organizations.”

Noting that “all journalists from really respected and recommended big German newspapers” tend to be members of such transatlantic organizations, he said:

“They invite you [to see] the U.S. They pay for that, they pay all your expenses and everything, so you are bribed, you get more and more corrupt, because they make you good contacts. You won’t know that those good contacts are, let’s say, ‘non-official’ covers or officially people working for Central Intelligence Agency or other American intelligence agencies… so you make friends, you think you are friends, and you cooperate with them. They ask you, ‘Well, could you do me this favor? Could you do me that favor?’ And so your brain is more and more brainwashed.”

He said many reporters in countries around the world “play the [role of] respected journalists but if you look behind them you’ll find they are puppets on the string of the CIA.”

Though some may discount Ulfkotte’s account because it was not corroborated by a third party — and the interview aired on Russia Today, Russia’s state-funded news agency — the CIA has been known to work with other newspapers, including the Los Angeles Times, to manipulate news stories in their favor.

Regardless of whether or not Birkenfeld is correct in his assessment of the CIA’s role in the leaks, his statements on CNBC provide, at the very least, cause for continued skepticism among the many interests and motivations driving the ongoing leak.


This article (Whistleblower Says CIA Behind Panama Papers Leak) is free and open source. You have permission to republish this article under a Creative Commons license with attribution to Carey Wedler and theAntiMedia.org. Anti-Media Radio airs weeknights at 11 pm Eastern/8 pm Pacific. If you spot a typo, please email the error and name of the article at edits@theantimedia.org.

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Filed Under: Uncategorized Tagged With: banks, Business, CIA, Corporatocracy, Economics, Geopolitics, Government Accountability, Justice, News, panama papers, Propaganda, Swiss, United States, whistleblower, World

What Will #Americans Do If Our Country Is #Invaded By Foreign Armies?

April 12, 2016 by contributing author

This article is a continuation of How an Attack on America Would Probably Begin: Possible Courses Of Action By Foreign Military Powers

invasion-usa

In the last article we introduced the concept of an invasion by a foreign coalition on American soil.  Sure, we have all seen “Red Dawn” and other films that characterize an invasion by a foreign power or powers, and it is understandable that it is Hollywood.  That being said, what will happen in the United States if an invasion does occur, from the perspective of its citizenry?  Will there be a resistance, and if so, where?

We covered some potential actions of aggressor nations.  Hopefully everyone agrees on the fact that if we are invaded, the resources (in the form of food/crops, minerals, oil, and livestock) will be sought after.  Let’s turn our concentration of focus to geography, the second most important feature after human demographics.  Fortunately the United States is large and occupation will be extremely difficult.

The problem is twofold for an aggressor: how to kill off 90% of the population and enslave the rest without irradiating the whole shebang and obtaining only a Pyrrhic victory.  Firstly, let’s take a look at this photo that breaks down firearms ownership state by state:

gun-ownership

The way to make this photograph understood more readily is to take it further within your home state and multiply that percentage by the actual population of the state.  This will give you a “raw” number to estimate.  You can probably add about 10-15% to those numbers, as there will be plenty of weapons not recorded within the system.  Keep in mind: some states, such as Montana, are huge in area with a big percentage number, but the entire population of the state is just over a million people.  Twenty percent of California means a lot more guns than 60% in Montana.

Next, find those big cities in your home state that will probably be taken out, such as Washington, D.C., or New York City.  There are a number of different sites that allow you to enter in a city and the size of a weapon used against it to estimate the ring of destruction and the fallout patterns.  You can use these tools to come up with an idea of what will remain in your state after the initial strikes have been completed.

Geography has a huge say in the equation.  As I have mentioned in previous articles, the area of Northwestern Montana where I live is extremely remote; however, it holds a high level of strategic importance.  The East-West rails here for rail freight is a key crossing area of the Continental Divide.  Also, the Flathead Valley can be turned into a huge staging point for air operations with only minimal modification to existing airfields.

The mountainous regions of the United States will be areas that resistance elements will form up, hopefully with the aid of/aiding our own military.  The Appalachian Mountains, the Blue Ridge Mountains, the Catskills, the Rockies of Colorado and Montana will be areas where citizens will gather, hide, and stage bases of operations to conduct reconnaissance and fight.  There are many urban locations of strategic importance (such as Indianapolis and New Orleans) that an invader can’t really afford to bomb that would also become centers of resistance.

A factor that also comes heavily into play is the time of the year that all of this is initiated.  Food larders and supplies are highest just before the wintertime, and the “tail” end month of winter with the first two months of spring are “shortage” months.  Traditionally there are hiatuses with campaigns to allow for the harvest in the fall and the planting in the spring.  Another factor is energy: as the winter draws to an end, fuel supplies such as oil and coal will not be in such high demand, and supplies will be on the rise.

The largest question has to do with the human factors: a desire to defend, the resolve to stick it out for a long period of occupation, and the shortages of men, materials, and supplies that may weaken the resolve of the citizenry.  There will probably be a great outpouring of people from the urban and suburban areas into the remote and rural areas.  The vast, open areas of the Midwest will be very difficult for us to hold onto, but fighting will most likely be conventional, as both sides will not want to destroy the nation’s breadbasket and a large portion of domestic oil production.

What may also be a factor to consider is the percentage of the alien population here illegally that will turn against the citizenry.  An angry “fifth column” that is equated more to a sea or flood of humanity can do a great deal of damage.  Surely their sympathies would lie with their countries of origin, if they were here illegally.  Once again, this will pose a major problem in the border states of Texas and the Southwest.

We have no way of monitoring what is currently coming across our borders, let alone what has crossed over in the past five decades or so.  As many readers have mentioned, a tremendous amount of materials (firearms, suitcase nukes, and so forth) have undoubtedly found their way across the borders (Southern and Northern) to be cached and used in a future operation or invasion.

The swamps, mountains, and forests will be paramount to any resistance that is undertaken.  During the Revolutionary War, there was that “3%” estimate of actual resistance.  Things will be a little different this time, as there are technological hurdles to overcome, such as drones, cameras, satellites, and other “niceties” in a society where almost everyone has their own little tracking “chip” in the form of a cellular telephone right in their pocket.  During the initial ouster of Viktor Yanukyovich in Ukraine the government was utilizing the cell phones to find out who was gathered and protesting their actions.

A fight would definitely be a long-term contest with the potential for years before either side secured a victory.  We will also discuss and explore what our own government would do in the event of an invasion: whether they would fight it or further enable it, the latter being the more probable of the two choices.  Your views and opinions on such possibilities are both welcomed and valued.


Jeremiah Johnson is the Nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne).  Mr. Johnson is also a Gunsmith, a Certified Master Herbalist, a Montana Master Food Preserver, and a graduate of the U.S. Army’s SERE school (Survival Evasion Resistance Escape).  He lives in a cabin in the mountains of Western Montana with his wife and three cats. You can follow Jeremiah’s regular writings at SHTFplan.com or contact him here.

This article may be republished or excerpted with proper attribution to the author and a link to www.SHTFplan.com.


Also Read:

How an Attack on America Would Probably Begin: Possible Courses Of Action By Foreign Military Powers

How To Survive Occupied America: “Red Dawn Just Started… And You’re In It”

Collision Course: As Obama Weakens America, The Russians And Chinese Prepare

Report: Is China Preparing For a Land Of Invasion Of the West Coast Of the United States?

Russia’s Attack Posture: “The Enemy Must Be Destroyed Or Conquered; The Ultimate Soviet Objective Is Total Victory”

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: Headline News, Invasion, Red Dawn

#Venezuela Rations #Power to Avert Collapse: “Do You Think It Can’t Happen Here?”

April 12, 2016 by contributing author

power-grid-attack

This article was written by Daisy Luther and originally published at The Organic Prepper.

Editor’s Comment: It is indeed difficult to imagine life in the United States without power, and with such severe shortages that the government would have to excuse away the shortfalls, and divvy out what remains with an iron fist… or is it?

On a daily basis, we here about how divided the world has become, how impoverished, and how close the economic system to collapse. Could it… really… happen here?

Venezuela Shows Us What an Electricity Shortage Looks Like

by Daisy Luther

The SHTF might be a lot more subtle than an EMP or a massive natural disaster. We preppers tend to think in black and white, but there are some gray threats out there that few are considering. What if, instead of a total power outage, our country suffered a serious electricity shortage?

That’s exactly what has been going on in Venezuela, since they don’t have enough problems running out of food and other supplies in a previous development of the excruciating economic collapse of the country.

In the latest installment of collapse propaganda, bus-driver-turned-Venezuelan-President Nicholas Maduro offered some beauty advice. He wants the women of Venezuela to stop using hair dryers to save electricity aside from special occasions. He said, “I always think a woman looks better when she just runs her fingers through her hair and lets it dry naturally. It’s just an idea I have.”

This sage advice came along with announcements of further cuts and suggestions. State employees will now have Fridays off for at least the next two months, and he also recommended that citizens make small changes, like “embracing the tropical heat and hanging clothes out to dry instead of using tumble dryers.” (source)

The electricity shortage has been going on for almost a year.

This isn’t a new issue, but a worsening one. In May of 2015, they tried to sugar coat the rationing of electricity by saying they were just being green. Vice President Jorge Arreaza explained:

 This is, of course, linked to global warming and the excessive industrialization of capitalism, which never stops, nor has ever stopped, for the effects that it can have on the climate, on society and on Mother Earth.

When the electricity concern began, public employees saw their work hours cut to 6 per day. Businesses were required to reduce their usage by 10% and new laws permitted police visits to inspect the businesses to ensure that they weren’t exceeding their allotments.

In February, citizens who were already facing shortages and long lines for items like cooking oil, laundry soap, diapers, and food were absolutely stunned when shopping centers were forced to shut off power from 1:00 to 3:00 pm and again from 7:00 to 9:00 pm in a measure to save electricity.

The rationing in Venezuela is a cautionary tale.

Here’s why we need to pay attention to what’s going on in Venezuela: It provides a modern-day glimpse into what an economic collapse really looks like, much like the collapse of Greece was a cautionary tale. These are both direct case studies of what happens to the middle class during an economic collapse.

Previously, I wrote about how it could happen here. (Excerpt)

These mandated power rations, the limited amounts of food, the government-funded snitches, the tracking, and most of all, the propaganda, are all what await us in an economic collapse situation. While the Venezuelan government will be facing no limits on their use of electrical power, the people will only be allowed allotted amounts.

Do you think it can’t happen here?  Consider the forced rationing of water amidst the drought in California. Rationing that only applies to regular folks, not wealthy people or massive corporations.

It’s obvious that the state really is in the midst of an epic drought. But conservation mandates are not applied equally, much like the electricity rationing in Venezuela.

Golf courses for the rich and famous remain lush and green, while wells across the state run dry. Ordinary people aren’t allowed to have lawns or to even have vegetable gardens, and newspapers are calling upon “good Samaritans” to snitch if they feel someone is wasting water. There’s even an app for that, and Smart Meters are in place to target wasters. (Unless they happen to be wealthy corporations, of course. They have different rules and snitching on them will do no good.)

One small community, Outingdale, just received word that strict rationing is now in effect. Residents will be allowed only 50 gallons per day, per person, and no outside watering of any kind will be permitted. This is not good news for folks who rely on their vegetable gardens for food. Meanwhile, the Nestle corporation is busy pumping out the state’s remaining water, bottling it, and selling it back to people for an enormous profit.

Anyway, back to electricity.

I’m reminded of the series, The Hunger Games, in which residents of the outlying districts are only allowed power when the Capitol deems they should have it, such as when they want to air propaganda “entertainment” to keep people in line.  In the movie, citizens of the Districts were relegated to cooking over open fires and lighting their rooms with candles.  No one had transportation or power.  They were not allowed to hunt to supplement their meager food allotments and in the heroine’s District, they were not allowed to use the coal the area was rich with.  Uniformed “peacekeepers” patrolled the districts to ensure that the rules were strictly adhered to and that the excruciating poverty was the standard for all residents.

With the widespread installation of mandatory Smart Meters, how difficult would it be to forcibly ration our electricity here?

They can already remotely turn off appliances they deem are using too much energy. At the press of a few keys on a central computer, our electricity usage could be monitored to make sure we stay within the designated limits, strictly slotted to only certain hours of the day, or even cut off entirely if we exceed our rations. It may not even be direct rationing that cuts us off, as it is in Venezuela. As prices of electricity keep climbing, how extreme is it to think that one of these days, electricity might only be for rich people?

However it goes down you can be sure that no one in the government will admit to mismanagement or a desire to enhance control and dependency. It will be couched in warm, fuzzy terms of saving the planet from carbon emissions, much like the propaganda coming out of Venezuela.  It’s easy for us to see it when it happens to them, but many people here are so deeply entrenched in cognitive dissonance that they’ll swallow the green pill with a smile, moving into their Agenda 21 microhomes and martyring themselves for the good of Team Green. (Find the original article HERE)

So…what if electricity was only for rich people?

It’s not that far-fetched, and if you don’t fall into the category of “rich people” it is definitely something you should prepare for.

What if the Big Event isn’t an EMP, but that no one could afford to pay the electric bill?  Power prices are going up – what if they rise to the point that it’s a choice between food and electricity?  What if the lights in the middle-class neighborhoods just start going out?

Let’s face it, if you really had to pick, you’d choose to feed your kids over having the lights on, right?

What a control mechanism that would be.

What better way to return to a “Lords and Serfs” lifestyle than the strong visible delineation of who has power and who does not?

The rationing of electricity or the lack of affordability would change life as we know it. Our society is incredibly dependent on the power grid, not only to keep us comfortable, but also to keep us entertained. We’ve grown soft.  As well, we depend on others having access to electricity to make our lives easier by keeping us fed and clothed, and by making the things we purchase easily accessible to us.

Here’s how to maintain your independence throughout an electricity shortage.

You don’t have to return to serfdom, though. The steps you take and the things you learn now can help you overcome any hardships presented by the lack of affordable “necessities.”

Learn to provide your own food.

If the stores are closed or supplies are limited because manufacturing plants can’t produce food, you’ll have to provide for yourself.

  • Grow a garden
  • Raise chickens and rabbits,
  • Join a food co-op,
  • Try hydroponics or aquaponics
  • Sprout seeds for added nourishment
  • Grow salad veggies in the windows
  • Preserve your harvest through canning and drying
  • Save your seeds so you can do it all again next year!

For more self-reliance information, be sure to check out this round-up manifesto with more than 300 resources!

Reduce your dependence on the power grid and use less.

If prices skyrocket, there are lots of things you can do to cut your usage. Before anyone starts arguing that this is “caving in” to the demands of those who are rationing power, (because there’s always someone who says that) sometimes it’s a matter of personal economic survival. Whoever survives, wins.

If it’s a matter of the price of power skyrocketing, your ability to use minimal electricity may allow you to still afford to use a freezer, a laptop, or a medical device. It only makes sense that the less dependent on the grid you are, the less you will be affected by a shortage.

  • Lights:  Solar garden lights, candles, kerosene lights
  • Cooking: Wood stove, nutritious home-canned meals that only require reheating, stock up on buckets of meals that only require the ability to boil water, cast-iron dutch ovens to use on the wood stove, sun oven, outdoor fireplace, meals that don’t require any cooking.
  • Refrigeration: Pack a large cooler with snow in the winter and use it indoors, get a plastic storage bench that is lockable to be used outdoors in the winter (the lock is to keep 4 legged critters out of it), root cellar for summer, using a spring or creek to keep perishables cool, change of eating habits in summer.  (See how this family lives without a refrigerator entirely.)
  • Water:  Back-up manual or solar pump for your well,  1-month supply of drinking water stored, water filtration system with extra filters, buckets along with a wagon or wheelbarrow for hauling water from a nearby source, rain barrels to collect water, direct the gray water from your washing machines to reservoirs for flushing or watering plants (Here’s a link to my book on water survival.)
  • Laundry: Hand wash, hang dry.
  • Entertainment: Solar chargers for small devices, read books, play games, engage in productive hobbies.
  • Heat: This assumes you have power. Without electricity, see the suggestions in the next section. Run the heat briefly to take the chill off. Keep blinds open if there is some solar gain, otherwise keep windows insulated against drafts to keep the heat in.
  • Keeping cool: Check out this article for ways to stay cool without using an air conditioner.

Find other ways to stay warm.

If you can’t afford to run your central heat, it’s important to have back-up methods for staying warm.

This article was written by Daisy Luther and originally published at The Organic Prepper.

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: apocalypse, basics, communications, Conspiracy Fact and Theory, disaster, electricity, Emergency Preparedness, food, fuel, grid, Headline News, observation, prepper, prepping, shelter, SHTF, surveillance, survival, urban, venezuela, water

$3 #Trillion Black Hole Could Destroy Economy: “True Extent of #Pension Problem Has Been Obscured”

April 12, 2016 by mac slavo

global crisis

Yet another reason why taxes are going up,  cities and states are going broke, and the world is approaching financial implosion…

As if the world needed another dangerous and volatile factor in the mix of looming economic downturn.

Unfunded liabilities for pensions have been a problem for a while now, but as investors continue to face fleeting returns, many states and cities are facing the music… and when it stops, there won’t be enough money to go around.

Someone will lose their savings, their standard of living, their retirement and maybe their future. Others will be taxed to death to clean up the mess of the many places were the system is cracked, fissured and falling apart.

According to FT:

The US public pension system has developed a $3.4tn funding hole that will pile pressure on cities and states to cut spending or raise taxes to avoid Detroit-style bankruptcies.

[…] the collective funding shortfall of US public pension funds is three times larger than official figures showed, and is getting bigger.

Devin Nunes, a US Republican congressman, said: “It has been clear for years that many cities and states are critically underfunding their pension programmes and hiding the fiscal holes with accounting tricks.”

Mr Nunes…  added: “When these pension funds go insolvent, they will create problems so disastrous that the fund officials assume the federal government will have to bail them out.”

Large pension shortfalls have already played a role in driving several US cities, including Detroit in Michigan and San Bernardino in California, to file for bankruptcy. The fear is other cities will soon become insolvent due to the size of their pension deficits.

The inevitable result is, of course, tax increases and spending cuts – potentially on important and vital services.

Regardless, it is likely that many more governments will face bankruptcy and difficult choices… with the prevailing wisdom to kick the can down the road and pretend that funds will make extraordinary returns in the years to come despite continue misuse in schemes leveraging pensions in various funds and schemes….

Olivia Mitchell, a professor at the Wharton School at the University of Pennsylvania said: “I do believe that US cities and towns will continue to suffer, and there will be additional bankruptcies following the examples of Detroit,” she said.

[…]

Mr Rauh’s study claims the “true extent” of funding problems in US public pension system has been obscured because plans calculate both their costs and liabilities on the assumption they will achieve returns of between 7 and 8 per cent a year. The academic believes this rate is “wildly optimistic and unlikely to be achieved”.

In a perfect world, all this stuff would have been responsibly managed, and the returns would be modest and predictable.

But in the real world, pension managers have run with Wall Street sharks; they invest in derivatives together, and when things turn upside down (as they tend to do), it isn’t the fund manager who is out, but the diffuse and de-personalized millions have their retirement built into a dangerous system.

As negative interest rates are still trending, it is an atmosphere that ripe for disaster.

If you have your nest egg in a pension, it might be a good idea to take a look at your options for getting out… if you even can.

The problem is that so many are held captive by this financial system, and the lot of us will face the consequences, while the usual suspects head for the exits.

Read more:

Warning: You May Be Next: 400,000 People Just Had Their Pensions Cut By 50%: “Going to Happen To The Rest Of Pensions in the United States”

Swelling State Debt and “Pension Tidal Wave” May Engulf Economy

Here Comes the Pain: Detroit To “Significantly Cut Vested Pensions” For Retirees

Pension Fund Ultimatum: A Haircut Looks Better Than a Beheading

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: Commodities, Conspiracy Fact and Theory, economic, federal reserve, Headline News, investment, market, pension, pension funds, returns, unfunded liabilities

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  • “There Is Something Changing In The Market” – #CEO Hints Of Massive Shortages As Tech Manufacturers Are Now Going Direct To Mining Companies In Search of #Silver June 1, 2016
  • Elite #SpecialForces Insider Warns Of Serious Civil #Unrest This Summer: “Everything Is Right For Things To Go Very Wrong” May 31, 2016
  • Shock Report: Secret Law Will Give #FBI Full Access To Your #Email Without A Warrant: “Massive Expansion of Government Surveillance Authority” May 31, 2016

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