An 86-year-old widow who contributed every week to her pension while working was stripped and left destitute after her local council took away her $50,000 life savings. They claimed she saved too much money and was only allowed to have a maximum of £16,000 in savings. She was a former chambermaid and received means-tested housing […]
We are facing a serious collapse in government that appears to be shaping up on the horizon beginning 2021/2022. Take the city of Chicago for example. The city is buried under a mountain of city employee pension debt and it’s impossible to see how their city could possibly survive. There will be a major financial […]
In Berne, Switzerland, there has been a redistribution in occupational pensions which has revealed that it too is not a funded pensions plan as people previously assumed. For at least twelve years, pension fund monies have flowed from the employed to the pensioners. The amount has reached a tremendous scale with funds in the […]
QUESTION: Hi Martin, You mentioned in a 2016 blog post that “We will probably see the end of this Social Security program by 2021.772 (October 9, 2021)”. Does this forecast still have a high probability of occurring? If so, won’t this be devastating to retirees, especially those with little or no retirement savings? My employer no […]
QUESTION: Hello Martin, [Analyst} recently …. raise[d] the alarm that the US is headed towards a very bad debt crisis. During an interesting part of the segment, he was asked if the rich should pay higher taxes, and he said “of course”, but he clarifies that what really matters is whether the tax dollars are […]
There are New York politicians who continually try to force socialism upon society so a few can live off of other people’s money. The problem is that capital can flee, as we have just witnessed with Amazon bailing out of New York City. Then we have AOC calling it a victory for the little people […]
Most employers provide vacation and sick leave. However, most employers do not allow sick days to roll over from one year to the next. The norm is to often cap at a certain number of days or hours. In the private sector, most employers do not allow employees to accumulate sick leave. Paid sick leave is part […]
QUESTION: Mr. Armstrong; Your movie the Forecaster was on TV here in Scandinavia. That introduced me to your research. When I discovered your film was on TV in Europe, Canada, and Asia, but not the United States, that merely confirmed the corruption in New York. Here in Finland healthcare is comprehensive and it is taking […]
QUESTION: Mr. Armstrong; Thank you for explaining the difference between a public employee pension and those we have in the real world. The fact that the bulk of these people never contributed to a pension was shocking. How is this going to be resolved? GH ANSWER: It will not end well. Government employees have the defined-benefit […]
The new proposal in Illinois is for the state to transfer its assets so that they are owned, not by the people, but by the state employees. These proposals will never solve the problem because no one will look at the issue long-term. If they hand ownership to state employees they still run out of […]
