We were prepared to accept this inevitable event. That's why the truth tellers were not sensored. They did the work of the thieves who preyed on human trust to rob us and get away with it. #matthewcrawford
Billionaires will move their money into gold, silver and bitcoin and buy back properties and other assets once the market has corrected 50-70%. Pennies on the dollar, rinse and repeat.
401ks are essentially savings accounts for the middle class, where their money is invested largely in the US stock market, that is somewhat like a gambling casino. Approximately 70 million Americans actively participate in 401k plans. This includes both active employees and retirees who have accumulated savings in these plans. These plans now hold a total of $8.9 trillion in assets across over 715,000 plans according to the Investment Company Institute.
It now appears that President Trump wants to let his oligarch friends, who are already $billionaires, having derived their fortunes also by investing in the stock market, borrow more money from the middle class 401Ks with no assurance that the 401ks will be recompensed if the stock market tanks.
Since 98% of all Federal Reserve Notes, aka US dollars, are created ex nihilo as debt by private commercial banks such as JP Morgan, Bank of America, Goldman Sachs, Citibank and Wells Fargo, every time they make a loan, if there were no debts there would be no money in circulation.
So President Trump in his wisdom wants to let his oligarch friends borrow money from the 401k upper middle class folk, since most US listed corporations have to borrow money from the bond market to stay in business, otherwise they would go bankrupt, and tank the stock market.
Meanwhile, most retirees rely largely on payments from the Social Security trust fund derived by taxing earned income. As of 2021, the trust fund contained (or alternatively, was owed) $2.908 trillion. The trust fund is required by law to be invested in non-marketable securities issued and guaranteed by the "full faith and credit" of the US Treasury, who are now also indebted for $36 trillion to the private sector.
It you check in most areas of the country that have been many homes being financed by synthetic identities just like occurred in Detroit. However we’re you aware when you obtain home loan it’s a two party agreement between you and your lender however when you attend your closing they have you agree and sign a deed of trust which created an actual undisclosed trust which is created by the borrower as the trust creator and a trustee who is normally appointed by the bank who is responsible for holding the title to the property you have financed and the beneficiary is the lender or mortgage company, not your family but the place that provides none of their own capital whatsoever instead it is taxpayer money that is provided. But it gets even better if your home or property goes into foreclosure the trustee holds an auction where the bank or lender is required to pay cash or certified funds both of which are non traceable and the trustee is then responsible for keeping records of that money being paid in and how it was paid out which audits have shown most do not maintain such records of the cash money being actually paid in or a record of that money being paid out to the federal government which is then repaid to investors but instead with no accurate accounting the banks or lenders are getting that property returned to them for free because they have not a single cent of any of that money being paid by the lenders or banks instead this fraud has been covered up by those in political office on both the state and federal levels since approximately 2000 which resulted in the housing bubble in the United States when mostly synthetic identities were used to obtain loans from the too big to fail banks. This entire nonsense about using funds from your retirement accounts to cover losses those losses are nothing more than paper losses being used to drive home prices sky high while they all took that money and ran. Imagine that it’s all a huge Ponzi scheme nothing less so don’t fall for their bullshit again folks
We are too much emotionally involved to see the backstage story. We are so desperate to find psyops and conspiracies everywhere that we miss the real bigger picture.
“They” (whatever it means) learn and self-educate 24/7 throughout their life. They learn how to create cash flows, how to manage them and, most importantly, how to protect them. The learn law, as it is, not as it “should be”. They self-analyze and self-correct. They do admit their mistakes, just not in our presence. All in all, their whole life is a non-stop management and financial education.
“We” never bother about such things. We go out to do our part of the job, buy groceries, take care about our family, rinse, apply, repeat. We do not want to self-educate. We demand, we find shortcomings everywhere, and if we cannot explain things, we go with psyops.
They are involved in their world 100%. We are involved in their world far too many %.
University students living in shared accommodation in large houses are also inflater of property in the UK. That and illegal and legal migration with £2k a month in benefits and free dental and health care. Designed to collapse.
unsustainable, so we have to assume it's a planned demolition of the economy but investment banks & their political friends/enablers/cronies will be beneficiaries of the looting of the treasury.
I suspect that this is the reason Trump was allowed to "win" the Presidency again. This is his purpose. Everything else he's done amounts to grains of sand compared to the beach that is this pending massive transfer of wealth. I don't believe it can be stopped with calls and letters. This is going to happen. The only way to [not lose] is to not play; to not invest in paper (contractual) assets at all - to remove your savings from their system. Most cannot afford to do this, so most will be trapped. The 401k model was a trap from the start, and now the elite are cashing it in.
Trump's tariffs are a means whereby the oligarchs will not have to pay more in federal income taxes or capital gains tax. The import duties will be paid by the US workforce as a tax due that increases in the cost of living. It is a way of extracting more money from the workforce.
Property taxes, whether you own or rent your house, pay for local government employees salaries, pensions and paid vacation time, and the education of children up to the age of eighteen years. For those capable of receiving a college education will most likely incur student debt. Student loan debt in the United States now totals approximately $1.8 trillion, held by about 42.5 million Americans. This includes both federal and private student loans.
The real unemployment rate is at least double the official US Bureau of Labor Statistics rate. They do this by labeling the long term unemployed as "not in the workforce"
The US Bureau of Labor Statistics fudges the unemployment rate down to 3.9% by
recategorizing the unemployed as "Not in the Labor Force" now 99,124,000 people
You neglected to mention the local authorities setting the property tax rates as a function of what they owe, not what the property is worth. People can't afford the property taxes.
Every town and city in the US employs a full time property Tax Assessor, who has the right to determine the market value of your house. The town or county sets the amount of property tax you must pay four times a year based on some arcane formula as a fraction of your assessed value.
This pays for education up to the age of 18 years and local road maintenance.
To finance capital projects: Like most municipalities Towns likely use borrowing (issuing bonds) to fund large-scale projects like infrastructure improvements, building construction, or equipment purchases that are too expensive to be paid for entirely through annual revenue.
That's how it typically works, but a lot of places have been digging themselves into holes, and adjusting the property taxes this way to bail them out.
Can't a person simply choose not to direct their 401(k) investments into private equity? Isn't this just giving consumers more choice as to where to invest?
And from what I've read, this loosening up of restrictions will also apply to other investments, including crypto. This "normalization" of crypto seems like a good thing. Private equity, I don't know. Never dipped my toes into those waters (and don't plan to).
Having watched the film (on Y'Tube) The Great Taking Report , in its entirety, I can report that well into the film, one knowledgeable person opines:
that any asset that is held by an "intermediary" (your online broker, etc.) may be seized by the associated Too Big to Fail banks (which are already trading derivatives using your portfolio as collateral), in the event of a financial catastrophe, whatever that might be. Think of 2007- 2009, and delays in withdrawing cash from online accounts, and so on. Only worse.
As far as a stock portfolio goes, paper certificates held by you, with dividends paid through Computershare, may be safer. I guess that's if Computershare is not too big to fail ??? I would not count on this.
Consider the use of the term, "entitlement holder", which is more or less a new term as used by big finance to confuse us.
I think one of the recommendations from Catherine Austin Fitts is to move from big banks with lots of derivative portfolios to local credit unions who look out for their members.
Why should any sovereign country have to borrow its own money supply from privately owned banks ? The Federal Reserve Act of 1913 was the biggest financial scam ever pulled off in the United States.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
– Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)
It is so obviously a Socialist type movement. It is definitely not Capitalism. They will continue in their greed until they run out of everybody else's money. Only then will the Western oligarchy collapse.
People were already saying in 2008 that the next financial collapse was on its way. So who took that seriously? Hint: Not the bankers, the investors, or the billionaires. Just little us. This can't happen again.
"Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
Everybody knows the fight was fixed
The poor stay poor, the rich get rich
That's how it goes
Everybody knows
Everybody knows that the boat is leaking
Everybody knows that the captain lied
Everybody got this broken feeling
Like their father or their dog just died
Everybody talking to their pockets
Everybody wants a box of chocolates
And a long stem rose
Everybody knows..."
Good one
Cohen
Leonard Cohen always did remind me of George Carlin and he of Leonard Cohen.
We were prepared to accept this inevitable event. That's why the truth tellers were not sensored. They did the work of the thieves who preyed on human trust to rob us and get away with it. #matthewcrawford
Billionaires will move their money into gold, silver and bitcoin and buy back properties and other assets once the market has corrected 50-70%. Pennies on the dollar, rinse and repeat.
"It is 2008 all over again and if this bailout happens - again "
I suppose you mean "it is 2020 all over again"... but then they invented "covid" and the who "CARES act", used as a hidden bailout...
401ks are essentially savings accounts for the middle class, where their money is invested largely in the US stock market, that is somewhat like a gambling casino. Approximately 70 million Americans actively participate in 401k plans. This includes both active employees and retirees who have accumulated savings in these plans. These plans now hold a total of $8.9 trillion in assets across over 715,000 plans according to the Investment Company Institute.
It now appears that President Trump wants to let his oligarch friends, who are already $billionaires, having derived their fortunes also by investing in the stock market, borrow more money from the middle class 401Ks with no assurance that the 401ks will be recompensed if the stock market tanks.
Since 98% of all Federal Reserve Notes, aka US dollars, are created ex nihilo as debt by private commercial banks such as JP Morgan, Bank of America, Goldman Sachs, Citibank and Wells Fargo, every time they make a loan, if there were no debts there would be no money in circulation.
So President Trump in his wisdom wants to let his oligarch friends borrow money from the 401k upper middle class folk, since most US listed corporations have to borrow money from the bond market to stay in business, otherwise they would go bankrupt, and tank the stock market.
Meanwhile, most retirees rely largely on payments from the Social Security trust fund derived by taxing earned income. As of 2021, the trust fund contained (or alternatively, was owed) $2.908 trillion. The trust fund is required by law to be invested in non-marketable securities issued and guaranteed by the "full faith and credit" of the US Treasury, who are now also indebted for $36 trillion to the private sector.
The Grapes of Wrath comes to mind.
It you check in most areas of the country that have been many homes being financed by synthetic identities just like occurred in Detroit. However we’re you aware when you obtain home loan it’s a two party agreement between you and your lender however when you attend your closing they have you agree and sign a deed of trust which created an actual undisclosed trust which is created by the borrower as the trust creator and a trustee who is normally appointed by the bank who is responsible for holding the title to the property you have financed and the beneficiary is the lender or mortgage company, not your family but the place that provides none of their own capital whatsoever instead it is taxpayer money that is provided. But it gets even better if your home or property goes into foreclosure the trustee holds an auction where the bank or lender is required to pay cash or certified funds both of which are non traceable and the trustee is then responsible for keeping records of that money being paid in and how it was paid out which audits have shown most do not maintain such records of the cash money being actually paid in or a record of that money being paid out to the federal government which is then repaid to investors but instead with no accurate accounting the banks or lenders are getting that property returned to them for free because they have not a single cent of any of that money being paid by the lenders or banks instead this fraud has been covered up by those in political office on both the state and federal levels since approximately 2000 which resulted in the housing bubble in the United States when mostly synthetic identities were used to obtain loans from the too big to fail banks. This entire nonsense about using funds from your retirement accounts to cover losses those losses are nothing more than paper losses being used to drive home prices sky high while they all took that money and ran. Imagine that it’s all a huge Ponzi scheme nothing less so don’t fall for their bullshit again folks
Disgusting evil people
We are too much emotionally involved to see the backstage story. We are so desperate to find psyops and conspiracies everywhere that we miss the real bigger picture.
“They” (whatever it means) learn and self-educate 24/7 throughout their life. They learn how to create cash flows, how to manage them and, most importantly, how to protect them. The learn law, as it is, not as it “should be”. They self-analyze and self-correct. They do admit their mistakes, just not in our presence. All in all, their whole life is a non-stop management and financial education.
“We” never bother about such things. We go out to do our part of the job, buy groceries, take care about our family, rinse, apply, repeat. We do not want to self-educate. We demand, we find shortcomings everywhere, and if we cannot explain things, we go with psyops.
They are involved in their world 100%. We are involved in their world far too many %.
Housing bubble also?
University students living in shared accommodation in large houses are also inflater of property in the UK. That and illegal and legal migration with £2k a month in benefits and free dental and health care. Designed to collapse.
unsustainable, so we have to assume it's a planned demolition of the economy but investment banks & their political friends/enablers/cronies will be beneficiaries of the looting of the treasury.
How else will these pirates loot the Earth's assets?
I suspect that this is the reason Trump was allowed to "win" the Presidency again. This is his purpose. Everything else he's done amounts to grains of sand compared to the beach that is this pending massive transfer of wealth. I don't believe it can be stopped with calls and letters. This is going to happen. The only way to [not lose] is to not play; to not invest in paper (contractual) assets at all - to remove your savings from their system. Most cannot afford to do this, so most will be trapped. The 401k model was a trap from the start, and now the elite are cashing it in.
Trump's tariffs are a means whereby the oligarchs will not have to pay more in federal income taxes or capital gains tax. The import duties will be paid by the US workforce as a tax due that increases in the cost of living. It is a way of extracting more money from the workforce.
Property taxes, whether you own or rent your house, pay for local government employees salaries, pensions and paid vacation time, and the education of children up to the age of eighteen years. For those capable of receiving a college education will most likely incur student debt. Student loan debt in the United States now totals approximately $1.8 trillion, held by about 42.5 million Americans. This includes both federal and private student loans.
The real unemployment rate is at least double the official US Bureau of Labor Statistics rate. They do this by labeling the long term unemployed as "not in the workforce"
The US Bureau of Labor Statistics fudges the unemployment rate down to 3.9% by
recategorizing the unemployed as "Not in the Labor Force" now 99,124,000 people
https://www.bls.gov/news.release/empsit.t01.htm
You neglected to mention the local authorities setting the property tax rates as a function of what they owe, not what the property is worth. People can't afford the property taxes.
if you fail to pay the property tax on your house, the town will foreclose on "your" property.
Indeed. For anyone who "owns" a home, the gov't forever has a gun to your head: Pay up, or else!
I'm reminded of this post:
'The WEF Wants Your House to Be Worth ZERO, to Achieve "Net Zero" Carbon'
https://igorchudov.substack.com/p/the-wef-wants-your-house-to-be-worth
edit: rereading your comment, let me clarify that it's what the city debt is, not the homeowner's debt, that they use to set the tax rate
Every town and city in the US employs a full time property Tax Assessor, who has the right to determine the market value of your house. The town or county sets the amount of property tax you must pay four times a year based on some arcane formula as a fraction of your assessed value.
This pays for education up to the age of 18 years and local road maintenance.
To finance capital projects: Like most municipalities Towns likely use borrowing (issuing bonds) to fund large-scale projects like infrastructure improvements, building construction, or equipment purchases that are too expensive to be paid for entirely through annual revenue.
That's how it typically works, but a lot of places have been digging themselves into holes, and adjusting the property taxes this way to bail them out.
Can't a person simply choose not to direct their 401(k) investments into private equity? Isn't this just giving consumers more choice as to where to invest?
technically, yes.
And from what I've read, this loosening up of restrictions will also apply to other investments, including crypto. This "normalization" of crypto seems like a good thing. Private equity, I don't know. Never dipped my toes into those waters (and don't plan to).
The intro on this explanation of "The Great Taking" indicates it's not limited to 401(k) or private equity.
https://www.youtube.com/watch?v=OmL7F34YCx0
Having watched the film (on Y'Tube) The Great Taking Report , in its entirety, I can report that well into the film, one knowledgeable person opines:
that any asset that is held by an "intermediary" (your online broker, etc.) may be seized by the associated Too Big to Fail banks (which are already trading derivatives using your portfolio as collateral), in the event of a financial catastrophe, whatever that might be. Think of 2007- 2009, and delays in withdrawing cash from online accounts, and so on. Only worse.
As far as a stock portfolio goes, paper certificates held by you, with dividends paid through Computershare, may be safer. I guess that's if Computershare is not too big to fail ??? I would not count on this.
Consider the use of the term, "entitlement holder", which is more or less a new term as used by big finance to confuse us.
Just watch.
I think one of the recommendations from Catherine Austin Fitts is to move from big banks with lots of derivative portfolios to local credit unions who look out for their members.
Bingo! The amazing Jessica is at it again ;-) Common sense never goes out of style, even if it is often ignored...
Physical precious metals in hand. There is no substitute.
"Private Equity" = Our shadowy and faceless "owners"
;-(
I've always heard capitalism is such a good thing.
And I certainly don't disagree. Nor do I know if I agree.
Because I'm not 100% sure I know what capitalism is.
They say WE are capitalist but sometimes it does not seem so. So what are we?
Not sure what is best.
I can't claim to be monetarily educated enough to have any claim I would know what is best.
Probably a good family, a good partner, good friends and community that is mutually supportive is best.
I like to day dream.
Let's be real.
In lieu of people who look after each other just because it is the right thing to do and they realize they share mutual interest...
I guess capitalism might be good
We should try it some time
Why should any sovereign country have to borrow its own money supply from privately owned banks ? The Federal Reserve Act of 1913 was the biggest financial scam ever pulled off in the United States.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
– Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)
It is so obviously a Socialist type movement. It is definitely not Capitalism. They will continue in their greed until they run out of everybody else's money. Only then will the Western oligarchy collapse.
People were already saying in 2008 that the next financial collapse was on its way. So who took that seriously? Hint: Not the bankers, the investors, or the billionaires. Just little us. This can't happen again.