How the US Could Solve Its Retirement Crisis

If you are a working stiff then you probably are looking forward to retirement so that you may pursue interests that so far you have neglected……right?

AS glamorous as retirement looks there is one small problem……very few Americans are set up to actually go into retirement……is there an answer to the problem?

Retirement accounts are gilt-edged investments that enrich the economy, the safety net and the social fabric.

Too many Americans are saving little to nothing for retirement. According to one study, 45 percent of working-age households “do not have any retirement account assets.” Congress could sharply improve the numbers by adopting dynamic scoring of retiree distributions. The move could lead to millions of new accounts, and a fairer sharing of the US’s retirement promise.

That promise was the whole idea behind a breakthrough reform over 40 years ago. Let’s see where it came up short, and how the country can still make good for those left behind.

In 1974, a far-sighted Congress created a new benefit for workers not covered by traditional pensions. It set up Individual Retirement Accounts (IRAs), combining pre-tax employee contributions with tax-deferred capital gains. A major sweetener, employer contributions, came later with 401(k)s.

Source: How the US Could Solve Its Retirement Crisis

I do not endorse everything I write about…..some times I am just doing the FYI thing…..

It Is Financial Colonialism

The big deal for the last 25 years, probably longer, is that phenom called globalization.  Most think it is some sort of financial benefit for those with all the cash…..and there are those that think it is a bane on mankind.

But really….what is it?

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development. Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion. Distinguishing this current wave of globalization from earlier ones, author Thomas Friedman has said that today globalization is “farther, faster, cheaper, and deeper.”

This current wave of globalization has been driven by policies that have opened economies domestically and internationally. In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment. Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment. Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners. A defining feature of globalization, therefore, is an international industrial and financial business structure.

Okay that hurt!

All that definition is just so much BS……in reality it is a financial colonialism.

About here it is perfectly fine to scratch your head and utter a ….HUH?

This is an interview with the author of a new book…….

The “have” nations increase profits for their corporations at the expense of grievously underpaid workers in developed nations. The developed nations call this globalization, John Smith argues in his book Imperialism in the Twenty-First Century: Globalization, Super-Exploitation, and Capitalism’s Final Crisis. In this interview with Truthout, Smith discusses his contention that globalization is just neocolonialism by another name.

Source: Globalization Is Just a Contemporary Word for Financial Colonialism

An interesting concept and makes sense if one takes the time to actually read the interview…

Closing Thought–14Mar17

They Are ALL Nazis!

Before some witless dolt throws the Godwin Law at me for this post….I say read it then make your goddamn comment.

It appears that Turkey’s dictator has news for the world but especially Europe

The Turkish president lashed out at criticisms against him and his government’s actions on Wednesday, calling Europe the “real Nazis.” He warned European leaders to abandon their double standards or risk losing Turkey.

“Without any shame, ignoring their own blood-stained hands and without considering their own callous hearts, they draw comparisons between us and the Nazis,” Recep Tayyip Erdogan told a business conference in Istanbul. “If there are any Nazis, it is you who are the Nazis.

“The Nazi mentality emerged in the West, not the East. It was our ancestors who reached out and saved the lives of those they chased away,” he said. “It can only be a result of delirium to compare Turkey to the Nazis, when neo Nazism is at a peak in Europe.”

This douche is a piece of work……so according to him, Erdogan, this is what Europe looks like……

Like I said…what a douche!
What a closing for the day, huh?
Back in the marrow with more incredible stuff….chuq

Don’t Forget Your Tin Foil Hat

WE have crazies on the Right…well that is an understatement….we have a wealth of batcrap crazies…..and the Trump administration has put most of them to work.

Remember those guys back in the day that wore a tin foil hat to stop the brain waves being tapped by aliens?  Or from receiving secret messages from space?  Nice to see that these people have found gainful employment…..within the Trump admin.

Well maybe those guys are not as crazy as we pretended they were…..and it goes all the way to the White House…..

She may have been speaking from her home in New Jersey, but Kellyanne Conway put the focus back on NYC’s Trump Tower on Sunday. In an interview with the Bergen County Record, Conway was asked about President Trump’s allegations that Trump Tower was wiretapped by the Obama administration, and her response was read by the Record as a suggestion that something “broader” may have been going on. The key lines: “What I can say is there are many ways to surveil each other now … There was an article this week that talked about how you can surveil someone through their phones, certainly through their television sets—any number of different ways, microwaves that turn into cameras, etc. We know that that is just a fact of modern life.” Cue headlines like these:

  • “Kellyanne Conway Suggests That Obama Could Have Used Microwaves to Spy on Trump” (New York Magazine)
  • “Yes, Kellyanne Conway just suggested Trump Tower could have been monitored through TVs and microwaves” (Washington Post)

On Monday, Conway hit back at such coverage, tweeting, “response to Bergen Record was about surveillance articles in news & techniques generally, not about campaign. Headline just wrong.” On Good Morning America, she said she “was making a comment about the articles from this past week [like this one] … I wasn’t making a suggestion about Trump Tower. These are two separate things.” The Post still faults her for linking them, with Aaron Blake writing, “Her decision to invoke these kinds of surveillance techniques when asked about alleged monitoring of Trump Tower by the Obama administration is only going to [breathe] life into the story going forward.” As for any alleged wiretapping of Trump Tower, “The answer is I don’t have any evidence and I’m very happy that the House intelligence committee are investigating,” Conway said on GMA.

For me the best line was……”The Bergen Record journalist asked her was “do you know that Trump Tower was wiretapped?” — and said she’s “not in the job of having evidence.”

No better closing that that statement.

But if I had to find a better closing statement to add to the humor is one Sean Spicer…..he just had to add his version of the lunacy…..

According to Spicer’s new argument, Trump didn’t necessarily mean wire tapping when he said “wire tapping” — and reporters should know this because he put the phrase in quotation marks. By “wire tapping,” Trump could have been referring to any one among “a whole host of surveillance types.” Obviously.

Please stop talking!  You answer are dropping the IQ of anyone listening.

We Have A “Spygate”

Look shiny keys….rattle….rattle….fetch!

We have had Watergate…Bridge-gate……and a wealth of other gates.  Anything the media thinks they can milk for some benefit they will label it a “-gate”…..that is whatever they can sensationalize.

One of the most recent was the Russia-gate fiasco… know what I mean…..but in case you are a dolt or completely ignorant…..

The hysteria over “Russia-gate” continues to grow – as President Trump’s enemies circle – but at its core there may be no there there while it risks pushing the world toward nuclear annihilation

There may be a turn-about-is-fair-play element to Democrats parsing the words of Attorney General Jeff Sessions and other Trump administration officials to hang them on possible “perjury” charges. After all, the Republicans made “lock her up” a popular chant citing Hillary Clinton’s arguably illegal use of a private email server as Secretary of State and her allegedly false claim under oath that her lawyers had hand-checked each of her 30,000 or so emails that were deleted as personal.

But there is a grave danger in playing partisan “gotcha” over U.S. relations with the world’s other major nuclear superpower. If, for instance, President Trump finds himself having to demonstrate how tough he can be on Russia — to save his political skin — he could easily make a miscalculation that could push the two countries into a war that could truly be the war to end all wars – along with ending human civilization. But Democrats, liberals and the mainstream news media seem to hate Trump so much they will take that risk.

Source: The Politics Behind ‘Russia-gate’ – Consortiumnews

And of course all this back and forth the Trump people are spreading around about that ominous sounding “Deep State” was a logical next step…a “SPYGATE”.

Everyone is suddenly talking about the Deep State – the configuration of spy agencies, career bureaucrats, and overseas spooks whose murky omnipresence has been brought to light by President Trump’s contention that he was “wiretapped” by his predecessor.

With his usual imprecision, Trump managed to confuse the issue by ascribing the surveillance to Barack Obama, and so naturally spokesmen for the former President had no trouble batting this charge away. But as a former Obama speechwriter put it:  “I’d be careful about reporting that Obama said there was no wiretapping. Statement just said that neither he nor the [White House] ordered it.”

Source: Spygate: America’s Political Police vs. Donald J. Trump by —

This is all so silly.  It is a diversion from the horrible state of political affairs.

Give them, the media, a new “shiny object” to chase.

Closing Thought–13Mar17

Drain The Swamp!

I know all the Trumpy supporters are thrilled that he is “draining the swamp” in DC as he promised in his campaign rhetoric… problem is…..who represents this “swamp”?

Lobbyists?  Bureaucrats? Pundits?  Who are these mystical political players?

My problem with all this manure is that Trump is calling for many “experts” in the different fields to resign and he is replacing them with the very people that make up the “swamp”……

A Trump campaign aide who argues that Democrats committed “ethnic cleansing” in a plot to “liquidate” the white working class. A former reality show contestant whose study of societal collapse inspired him to invent a bow-and-arrow-cum-survivalist multi-tool. A pair of healthcare industry lobbyists. A lobbyist for defense contractors. An “evangelist” and lobbyist for Palantir, the Silicon Valley company with close ties to intelligence agencies. And a New Hampshire Trump supporter who has only recently graduated from high school.

These are some of the people the Trump administration has hired for positions across the federal government, according to documents received by ProPublica through public-records requests.

Source: Meet the Hundreds of Officials Trump Has Quietly Installed Across the Government – ProPublica

So my dear alt-Right brethren……Trump lied!

I am told that “He Won” and to get over it…..I shall do just that when the idiots admit that they were played like cheap drums.

He is not draining the swamp he is just adding new breed of alligator to the mud.

The slogans were amazing….the actions are as dim as a flickering night light.

Day has drawn to an end for me…..I will be off and will return tomorrow with more shiny objects for you to chase.  chuq

The Prophetic Movies

Sunday and a day in the sun….doing boring stuff like getting the garden ready….

 Now moving on…….

For a  couple of months all the American society has been a bit …..(thinking)….screwed up.

If you are looking for some entertainment this fine day then may I suggest a couple of movies that can help to explain the situation brewing in the good old US of A…..

Bring me the soothsayer!

Throughout history there have been those talented folks that some called prophets, seers, soothsayers, etc.

But these days we do not hold much interests in soothsayers….but what if our popular form of entertainment, movies, were filling that gap?

Since the election of Trump there has been an uptick in the interest in the prophetic movies like 1984…books as well….but there are 5 dystopic movies to watch…..

Watch the short video……

Source: 5 Dystopic Movies That Are Coming True Right Now

And since most of these are older than the last election….we can safely say that this is……”Life Imitating Art”…..

Enjoy you day and I will return tomorrow to start a new week of posting and ranting… well my friends…..