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Category Archives: Social Security

Looting for Dollars


Possible Remedy for Government Looting [courtesy Google Images]

Possible Remedy for Government Looting
[courtesy Google Images]

A Russian analyst named Dmitry Kalinichenko recently penned a brilliant article entitled “Grandmaster Putin’s Golden Trap”.  The original article was written in Russian and subsequently translated into English.  Some of the translation’s language is a little rough, but it all makes sense.

Part of his article discussed the significance of a recent announcement by China:

 

“China recently announced that it will cease to increase its gold and currency reserves denominated in US dollars. . . . [W]hen this statement translated from financial language, it reads: ‘China stops selling their goods for dollars.’

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Retirement Savings Begin at 40? . . . 50? . . . 60?


Better than Paper [courtesy Google Images]

Better than Paper
[courtesy Google Images]

CNBC.com published an article entitled, “40-plus? It’s not too late to start saving”.  The thrust of the article is that, while it’s best to start saving for your retirement long before you turn 40—it’s still possible to accumulate meaningful savings if you start shortly after 40:

“From a retirement-planning perspective, this is the decade [from age 40 to 50] where the rubber meets the road.

“Those who started socking money away sooner are best positioned to meet their long-term goals, of course, but there’s still plenty of time to shore up your savings if you’ve been hitting the snooze button on your 401(k) plan for the last 20 years. “

 

But what about those who haven’t saved anything and turn 50?  Or even 60?  Is there any hope for them to save enough for their retirement?  Or is it too late to start saving?  Must they instead rely only on So-So Security?

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Pension Panic II


[Image courtesy Google Images]

[Image courtesy Google Images]

There are three classes of pension systems in the USA:

1) Pensions that are exclusively governmental.  They apply only to government employees and are managed exclusively by government.

2) Pensions that are partly governmental and partly private.  They serve employees of private employers but are managed by the government.  Social Security is the prime example.

3) Pensions that, except for some government regulation, are completely private.  They serve the employees of private companies and are largely managed by private entities.

Last week, in “Pension Panic,” I argued that financial problems facing the first class of pensions (cities like Detroit and Chicago and states like Illinois) were evidence of a growing problem confronting retired government employees:  the purely governmental pension plans would be among the first to be “sacrificed” and looted by their former government employer, leaving the government retirees bankrupt.

This week, I’ll consider problems faced by the second class of pensions—those that are partly governmental and partly private—like Social Security.

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Do You Think Social Security Is a Good Deal?


Seal of the United States Social Security Admi...

Seal of the United States Social Security Administration. It appears on Social Security cards. (Photo credit: Wikipedia)

A friend of mine has written articles and extensive treatises on the law for most of 20 years under the pseudonym of “Valiant Liberty”.   This man is largely unknown to most people in legal reform, but he’s almost certainly one of top five or ten “gurus” in the country.  

He might object to being described as a “guru” because “guru’s” usually have a public persona but my friend prefers to avoid most public interaction.  

Nevertheless, he knows his stuff.

“Valiant Liberty” recently wrote an extensive article on Social Security.  He sent a copy of that article to me and and gave me permission to republish on this blog.  I rarely republish other people’s articles on my blog, but as I said, “he knows his stuff”.  

If you’re interested in Social Security, this article is worth your consideration.

 

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Posted by on May 5, 2012 in Fraud, Social Security

 

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Somethin’ Funny’s Goin’ On


96859d1230781101-funny-strange-random-pics-drawing

The Manta.com website includes a database of over 63 million US and foreign companies.  That database info is provided by Dunn & Bradstreet (D&B).   Manta.com will provide preliminary information on each of these millions of companies for free.  If you want more “in-depth” info, there’s a fee.

But since this article is about “funny” stuff, and paying fees isn’t fun, let’s run a few free searches and see what we can find.  You might be surprised.

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Withdrawal of Application for SSN


Government form:  http://www.ssa.gov/online/ssa-521.pdf

 
4 Comments

Posted by on August 2, 2010 in Identification, Social Security