Monday, May 25, 2009
Dallas Federal Reserve: Unfunded Pension and Health-Care Liabilities Exceeds $99 Trillion Dollars
You've heard some big numbers thrown around.
For example, total U.S. government liabilities are at least $65 trillion dollars.
But the head of the Dallas Federal Reserve bank says:
[There is a] "very big hole" in unfunded pension and health-care liabilities built up by a careless political class over the years.
"We at the Dallas Fed believe the total is over $99 trillion," he said in February.
Over $99 trillion? That's a serious shortfall.
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I often wonder what an unfunded pension plan is. Some say SS is unfunded but we payed our bucks in and they bought US Treasuries (a gold plated investment till now) with that money if that is what unfunded means then it's time to jump off the cliff!
ReplyDeleteWhen companies like GM go bankrupt, they give their pension liabilities to the government's Pension Benefit Guarantee Corporation, which has been underfunded for decades and all the more so now, with numerous corporations going under.
ReplyDeleteSome due to the times, others on purpose, as the owners realized they could walk away from their debts and let Uncle Sucker take on the role of provider.
Those owners are now basking in the sun, snorting Peruvian flak cocaine and drinking $5,000 dollar bottles of wine using YOUR pension monies.
Ain't capitalism grand!
P.S. Before you jump off that cliff, make sure you take at least one of your Senators and your House member with you.
They're the ones that need flying lessons, not you.
FIDELITY MANAGEMENT AND RESEARCH, LLC
ReplyDeleteGo check SEC website and check their statements of beneficial ownership.
You'll find they owned Enron, Tyco, WorldCom, GM, Chrysler, Circuit City, Fannie Mae, Freddie Mac. And of course, you'll find that they are the single largest shareholder of AIG.
Please understand I am the only person in America who has been in the Social Security system, voluntarily returned to work, then needed to reapply with the SAME illness only across their imaginary and protective five year line.
As a result, I hold evidence that SSA was looted using INTERNATIONAL ACCOUNTS.
I have evidence that a fraudulent SSI account was paying me in 2006.
In 2006, Fidelity started sending Proxy Notices out of the blue.....
Fidelity has the SSA Trust Fund.
And about that Trust Fund report, there were NO OUTSIDE TRUSTEES on the SSA Medicare Trust Fund Board last year. None have been appointed this year...... so who wrote the report....
THE TREASURY, yeah that treasury with all the off balance transactions....
yep yep yep
FMR owns and is closing America. Look it up.
I kid you not.
To paraphrase George S. Patton, it's not time for us to jump over a cliff, it's time to throw those OTHER sons-of-b*****s over a cliff
ReplyDeleteBelow is the key to stopping world domination. This is something Alex Jones has been drilling at for quite a while, but people have tended to gloss over it.
ReplyDeleteStopping World Domination
The worst is yet to come...we need to end the Fed and arrest the crooks. Stop voting for either tweedledum or tweedledee..The citizenry will become aroused and angry- we will become a force "too big to fail"
ReplyDeleteNo, it is not time to jump off a cliff. It become corporatist pimp hunting season!
ReplyDeleteJust ask Barry, he'll tell you the truth; NOT.
ReplyDelete"THEY" hijacked our monetary system a hundred years ago with the creation of the central bank in conjunction with a fractional banking system and now have hijacked our way of life via unsustainable growth based on debt and credit. THEY have infected the rest of the world with this now. Like any disease we should eradicate it as soon as possible. Or your grandkids will suffer like your grandparents did...possibly more.
ReplyDeleteHave a nice day!
The illuminati have full control over the banking system. They send the money where they want it, regardless if you think it is yours.
ReplyDeleteThere's a march on washington in June. We need to take our country back. Buy firearms, and keep yourself protected..
visit my blog:
http://ourfreedomsatrisk.blogspot.com/
Make no mistake, the best way to create a depression is to just take the money out of
circulation. This is what the Illuminati has
done.
Wake up, the life you save may be your own.
Hey Greg Bacon, great point -except for one small thing. If it wasn't for the socialist program to give the pension liabilities to the government in the first place, these pig owners wouldn't have created such debts, especially if their employees would come after them and not cry to the government to take care of them. These social programs make adults into children that can't take care of themselves, because they don't have to, the government will take care of them. This is not capitalism.
ReplyDeleteThe American people should, at least, be rioting in the streets. What does it take to get these people to get off the couch?
ReplyDeleteIf we don't do something, we deserve what we're going to get and it won't be pretty.
VOTE THIRD PARTY CANDIDATE
What is an unfunded pension? It is the exact same thing as social security unfortunately.
ReplyDeletehttp://www.wisegeek.com/what-is-an-unfunded-pension-plan.htm
Congress sold out to Wall Street, both parties
ReplyDeleteare craven whores to money, that is the rot
at the center of America, that that can't be
fixed with a bailout from the Federal Reserve,
the whole pump up and printing money will fail
probably, the elites are corrupt and they have
corrupted the political class as well. This
is a great time to sell sell sell before
Armageddon sets in, buy gold, and lots
of canned goods for the chaos to come,
the end of this down turn in not near....
No one is paying attention because they're busy trying to keep their lives from spiraling out of control. Everything might collapse but then again it might not. Great civilizations have collapsed before and its people were strong enough to forge on and create new civilizations. Our destiny is not defined ... it can only be experienced.
ReplyDeleteAmerica is in crap. Only two choices print more money or raise all taxes to unmanageable levels. Either America is broke and gonna be that way along time.
ReplyDeleteIm outta here - hello Costa Rica !!!!!!!!!!
"These social programs [ALONG WITH PIE-IN-THE-SKY CORPORATE PENSION PLANS] make adults into children that can't take care of themselves, because they don't have to, the government will take care of them. This is not capitalism."
ReplyDeleteThat is indeed correct. What you have described is properly termed Corporate Socialism, and it is a poison of deception which has infected the entire world.
***P.S. Before you jump off that cliff, make sure you take at least one of your Senators and your House member with you.
ReplyDeleteThey're the ones that need flying lessons, not you.***
Good advice.
People
ReplyDeleteThe very fact that these types of blogs are spreading around the internet means the game is over. The powers that be would never have allowed this until all the money has been stolen. (And in point of fact they didn't America is just an empty shell. This type of disclosure and discourse would have had some meaning 10 years ago. It is absolutely worthless at this point. 13 Trillion has "officially" been stolen. Given to persons unknown. The group that perpetrated these crimes at the fed are beginning to bail. A year from now you will see a whole new crowd at the fed. Of course they are the designated fall guys....... But regardless these efforts will NOT get our money, nor our country back.
the unfunded liabilities are actually pre-funded by the Government's ability to tax the population.
ReplyDelete"Over $99 trillion? That's a serious shortfall."
ReplyDeleteNo, not really. Its only 50% over the previous estimate & $99T more than we have on hand. Quit being a fearmonger!
Matt,
ReplyDeleteAre you serious? When you're dealing in trillions, even 1% is SERIOUS.
Especially when we are effectively "bankrupt" as a nation - after all, that's what it should be called when China unloads its dollars and hammers the final nail in the dollar's coffin, right?
Or is THAT fearmongering also? You are welcome to go watch American Idol and ignore what it is happening.
Also, I hesitate to trust anything that comes out the Fed these days. If Fisher was *that* forthcoming, it leads one to believe that the problem is, in fact, far worse. Just sayin...
Just print more money and send it to banks. Who will notice. IOW (I owe who's).
ReplyDeleteAny American Alive today that thinks there is a dime on balance in the SS fund is a lunatic
ReplyDeletethey took the money already and spent it
they pay the pensions out of the budget
And within about 6 months the shit is going to hit the fan.
Why Americans are so reluctant to rise up is a mystery to me .In most other countries they would of ripped up the place by now.
I think it is because the American people are the dumbest beasts of burden on this planet
They are the last to know anything .Heck they still believe their govt. though it was caught lying to them numerous times.
Perhaps it is because Americans feel it can't happen to them ,USA #1 and all that rot .
psst ! your fucked
all the trust funds and pensions as well as the social safety net and SS is unfunded the total debt and liabilities of the USA govt is beyond 100 trillion $ and Obama is spending as fast as he can and printing up as much as he can to make sure America has not even the smallest
chance to succeed Once the American people finally do wake up.
Americans a day late and a dollar short as always.
The Federal Reserve is the largest heist on the American people ever created. Their actions have cost people money that has ruined their quality of life. We need to take back our money.
ReplyDeleteAmericans should take action by refusing to pay taxes until we are shown exactly what is going on with our monetary system. We have become so lazy and accepting of the terrible robbery being committed by the Fed for too long.
ReplyDeleteIt's time to take the money back.
ReplyDeleteThat is scary stuff. Power to the people!
ReplyDeleteThe dollar is going to be worth nothing soon, and the implications to the global economy are disasterous.
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ReplyDelete