muses of the moment

August 8, 2012

Update on Delphi Pensions

Filed under: 401K and IRAs, Bailout Nation, Odds 'n ends — totallygroovygirlfriday @ 4:21 pm

Click here for a very interesting article about the email discussion to terminate 20,000 Delphi employee pensions in the GM bailout.

gg says: pensions are first, 401ks come next, social security will be the last program to get rid of. All retirement programs will be reduced before they are terminated. Any crisis will be used for Big Banks, government, other large companies, and creditors to confiscate your retirement benefits.

Less and then no retirement system (private or public) is part of the paradigm shift gg is always talking about. This process will play out over the next 5-20 years. So, if you are older, you have less to worry about. If you are young, make other retirement arrangements. If you are somewhere in the middle, take action immediately.

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4 Comments »

  1. It makes perfect sense GG since the USA is a nation in terminal decline. The last act of these scoundrels is the ongoing looting of the nation. BTW GG, your missives are quite excellent!
    Cheers!

    Comment by Gregory Marsh — August 8, 2012 @ 7:04 pm

  2. Standard operating procedure for crumbling empires, at the situation worsens, resources get pulled from the extremities to support the ‘core’.
    ‘Core’ being the …
    1) owners of the big banks
    2) bought off politicians who have sold out to the highest bidder
    3) assorted minions who support the fore mentioned above two

    #1 and #2 above, have lined up the police and military (part of #3) to suppress any dissident from those getting screwed.

    Note to anyone in the military ….don’t even dare to say “serving my country” anymore. You serve the banksters as their goon squad.

    Comment by terrance — August 8, 2012 @ 11:54 pm

  3. Stardard operating procedure for crumbling empires, as the stituation worsens, resources get pulled from the extremities to support the ‘core”.
    ‘Core’ being defined as
    1) shadow owners of the big banks and ultra-large corporations (e,g, oil companies)
    2) politicians who have sold themselves to the highest bidder
    3) assorted minions supporting the above 2

    #1 and #2 above have lined up the police,federal law agencies,intelligence agencies and U.S. military (part of category # 3) to serve their interests by supressing dissention from those getting screwed.

    Note to military members, don’t even dare to claim to be “serving my country”. — You serve the banksters and promulgate injustice —.

    Although, observing events, I’d say the intent is to bypass/outsource/relegate the military and have drones and private mercenercies supplant them.
    So, in effect, the military is in line to get the same treatment as the delphli workers … thrown under the bus to feed the Core.

    Comment by terrance — August 9, 2012 @ 12:20 am

  4. Seems the problems are world wide. Here in the UK our Public Sector workers are living the dream. If they want these great Pensions they should pay for them. Not look to the private sector to fund them by raising our taxes.

    Comment by Ian Sommers Pension Adviser — August 20, 2012 @ 8:03 am


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