A government controlled privatization effort to rescue the senior’s pensions was attempted, however, by 2001 those funds had also been raided by the government, and the monies replaced by Argentina’s defaulted government bonds.
Could such a thing happen in America? The treasury secretary is borrowing money from federal employee pension funds until the debt limit is raised. When this country runs out of sucker nations to buy our bonds, that is when something hits the fan.
Why not try the Galveston County retirement plan? They opted out of Social Security and have a plan that pays more than Social Security, and if you die at an early age your family receives the balance of your benefits. With Social Security, all goes in the black hole of government. If a private company pulled the shenanigans’ that the government has used with Social Security, they would be heavily fined and thrown in jail.
You say, what if the stock market collapses, what happens to your retirement? The same thing that happens when the politicians bankrupt the whole country. You are up that well known tributary. Don’t think that America is too big to fail. It has happened other places and it will happen here, unless someone puts a stop to reckless spending.
Richard Feuilly, Weatherford
Vegan diet and the flu epidemic
The flu epidemic has invaded 48 states, overwhelming medical facilities, exhausting vaccine supplies, and killing 29 children and thousands of seniors. Both the problem and solution to this disaster hinge on how we relate to animals raised for food.
Indeed, 61 percent of the 1,415 pathogens known to infect humans originate with animals. The more recent contagious and deadly viruses among these include Asian, dengue fever, Ebola, H5N1 (bird), HIV, SARS, West Nile and yellow fever. The pandemic “Spanish” flu of 1918 killed 20 million to 50 million people worldwide, and the World Health Organization predicts more pandemics in the future.