pension fund Archive

  • South Africa’s adoption of new tax laws that seek to discourage workers from cashing in their pension funds when they resign or retire has pitted the government against its labor union allies.

    South African Unions Object to Changes to Pension Fund Taxes

    South Africa’s adoption of new tax laws that seek to discourage workers from cashing in their pension funds when they resign or retire has pitted the government against its labor union allies.

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  • Thousands of refugees disappear in East Germany without a trace after the initial reception. This is merely highlighting the security risks for Europe as a whole. The politicians just do not get it. The situation cannot be properly managed. The idea behind this move by Merkel has been to expand the population to sustain the tax levels and pay the pensions that are going bust.

    Refugees Vanish After Entry in East Germany

    Thousands of refugees disappear in East Germany without a trace after the initial reception. This is merely highlighting the security risks for Europe as a whole. The politicians just do not get it. The situation cannot be properly managed. The idea behind this move by Merkel has been to expand the population to sustain the tax levels and pay the pensions that are going bust.

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  • Governments since World War II have borrowed continuously but never managed anything properly. They just assumed that the great herd of taxpayers had deep pockets that were endless. This attitude is causing the collapse in socialism, where all the promises of pensions cannot be maintained. The majority of people assumed that working for government was the safest. They are now starting to see that it is the worst of all, for you cannot prosecute them for mismanagement and fraud, as you would if a private employer pulled the same nonsense.

    Will Puerto Rico Be the Next Greece?

    Governments since World War II have borrowed continuously but never managed anything properly. They just assumed that the great herd of taxpayers had deep pockets that were endless. This attitude is causing the collapse in socialism, where all the promises of pensions cannot be maintained. The majority of people assumed that working for government was the safest. They are now starting to see that it is the worst of all, for you cannot prosecute them for mismanagement and fraud, as you would if a private employer pulled the same nonsense.

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  • Additionally, we can see that up to 70% of the national debt is accumulative interest expenditures. The central banks are not eliminating the debt; they are buying it and leaving interest still payable, which will maintain the tax collection. The debt will continue to rise and so will taxes, sucking in everything like a black hole, and diverting capital from creating employment consumed purely by bondholders.

    The Solution – the ONLY Solution

    Additionally, we can see that up to 70% of the national debt is accumulative interest expenditures. The central banks are not eliminating the debt; they are buying it and leaving interest still payable, which will maintain the tax collection. The debt will continue to rise and so will taxes, sucking in everything like a black hole, and diverting capital from creating employment consumed purely by bondholders.

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  • The difference between those in government and the private sector is monumental. The private sector, no matter how big the corporation, seeks to stimulate sales by providing what people want at the lowest cost to sell more, gain market share, and increase profits. Government functions precisely opposite, as they seek to manipulate society with the big stick, always threatening to punish, never reward.

    Failed Dreams & Destroying Europe

    The difference between those in government and the private sector is monumental. The private sector, no matter how big the corporation, seeks to stimulate sales by providing what people want at the lowest cost to sell more, gain market share, and increase profits. Government functions precisely opposite, as they seek to manipulate society with the big stick, always threatening to punish, never reward.

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  • Yes, the stories about the police in Spain are over the top. They are hunting money like crazy. Governments are turning against their own people, defeating the very purpose of civilization. We did not agree to this arrangement; we are collapsing precisely as did Rome. Once government employees begin sacking their own cities, the end of times is near. They are stupid. They will not reform and cannot see that people will not tolerate this forever. The more aggressive they become, the higher the probability of revolutions erupting around the globe. Do not count on the media reporting the truth this time – they are on the wrong side of the fence.

    The Revolution Around the World Will Not Be Televised

    Yes, the stories about the police in Spain are over the top. They are hunting money like crazy. Governments are turning against their own people, defeating the very purpose of civilization. We did not agree to this arrangement; we are collapsing precisely as did Rome. Once government employees begin sacking their own cities, the end of times is near. They are stupid. They will not reform and cannot see that people will not tolerate this forever. The more aggressive they become, the higher the probability of revolutions erupting around the globe. Do not count on the media reporting the truth this time – they are on the wrong side of the fence.

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  • Every slice of the debt crisis exposes another layer of insanity. The real question becomes, how far do we go before this whole nightmare explodes in our face? It looks like we have 2 years perhaps, at best. This is the Sovereign Debt Crisis and the twists and turns are very interesting, to say the least. Those who focus on only one aspect will never see the whole. This global nightmare is not going to end nicely.

    The Fed & Interest Rates: The Nightmare That Will Not End Nicely

    Every slice of the debt crisis exposes another layer of insanity. The real question becomes, how far do we go before this whole nightmare explodes in our face? It looks like we have 2 years perhaps, at best. This is the Sovereign Debt Crisis and the twists and turns are very interesting, to say the least. Those who focus on only one aspect will never see the whole. This global nightmare is not going to end nicely.

    Continue Reading...

  • Do not retire early! You will not have enough money to support your standard of living once you're out of the workforce. Our own concerned politician knew what best for us, by extending the retirement age just a little bit longer, you can continue to work a bit more longer in your current position until you are nearing the average death age of most people (For Malaysia - 70.8 years). If you think hard about it, once you realize that you have only couple of years to live after you retire (at age of 66), you will not be so worry. After all, all those working years (40++ years) is well spent and not to mention that your are contributing to our politician... oppsss... government your hard earn money in term of tax.

    News – M’sians may not be financially ready to retire: survey

    Do not retire early! You will not have enough money to support your standard of living once you're out of the workforce. Our own concerned politician knew what best for us, by extending the retirement age just a little bit longer, you can continue to work a bit more longer in your current position until you are nearing the average death age of most people (For Malaysia - 70.8 years). If you think hard about it, once you realize that you have only couple of years to live after you retire (at age of 66), you will not be so worry. After all, all those working years (40++ years) is well spent and not to mention that your are contributing to our politician... oppsss... government your hard earn money in term of tax.

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  • You cannot plunder unnoticed when there is only one "tabung" and that "tabung" is obviously well known to most people. So, you make as many "tabung" as possible, so that your plundering will go unnoticed. Hopefully unnoticed for a long timee. As long as the music do not stop. Then to make it desirable, dress is with "Islamic" deco. So that people will not be aware of the mechanism beneath the "Islamic" layer.

    News – Malaysia’s pension reform may boost Islamic funds

    You cannot plunder unnoticed when there is only one "tabung" and that "tabung" is obviously well known to most people. So, you make as many "tabung" as possible, so that your plundering will go unnoticed. Hopefully unnoticed for a long timee. As long as the music do not stop. Then to make it desirable, dress is with "Islamic" deco. So that people will not be aware of the mechanism beneath the "Islamic" layer.

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  • With that description of smart money, the next logical question to ask is, what are they looking at now? To answer that question, understand the time horizon they have in mind. They’re not looking at next week or next month like a trader would, nor so far out that it will take the rest of their life to realize a profit. The smart money is looking at the likely trends over the next few years.

    Are You Smart Money?

    With that description of smart money, the next logical question to ask is, what are they looking at now? To answer that question, understand the time horizon they have in mind. They’re not looking at next week or next month like a trader would, nor so far out that it will take the rest of their life to realize a profit. The smart money is looking at the likely trends over the next few years.

    Continue Reading...