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Act One: Delivering on the Promise. Delivering on President Tinubu's commitment to Nigerian workers: - Pension assets increased by 51%, rising from ₦20.7 trillion to ₦31.48 trillion, creating ₦10.7 trillion in new retirement wealth in just two years. - 938,229 new contributors enrolled into the Contributory Pension Scheme (CPS),...

19,882 次观看 • 1 天前 •via X (Twitter)

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This conversation has generated a fair bit of conversation so I think it’s worth elaborating on. There is a common misconception that superannuation is decreasing the number of retirees on the pension. As per ASFA figures attached in comments - the median balance for men and women aged 60-64 is $220k and $164k respectively. That is nowhere near enough to get off the full pension which starts to reduce when a home owning single person has assets of $321k. The pension cuts out entirely if a home owning single person has assets of $714k. In other words, well over half of people about to retire have barely half the level of assets needed to get off the full pension. This is worse than when Superannuation began in 1992 when 77% of retirees were receiving a pension. 50% were receiving a full pension and 27% were receiving a part pension. Furthermore as per the ABS figures attached in comments below, 40% of people now retiree with a mortgage up from 10% in 1992. These figures are over five years old so the figure is probably worse. That means that most people have to cash in their super when they retire to pay off their mortgage and then go onto the pension anyway. Then there is the whole return on investment scenario - if house prices are growing the same as or faster than superannuation returns, then yet again it becomes a false economy. In other words Superannuation is not achieving its stated aim. The Productivity Commission estimates the cost of running Superannuation is around 1% of funds under management or $40 billion per year. Australia doesn’t need more financial engineers in this country, we need real engineers building real assets not paper assets. Nor should we be investing superannuation money overseas in foreign infrastructure when our own country desperately needs more infrastructure investment.

Gerard Rennick

44,183 次观看 • 4 个月前

Catherine Austin Fitts: "You think DOD is going to say, 'Oh, guess what, nobody gets any retirement. We stole [$20 trillion of taxpayer money]...&...sent it to Basel, Switzerland'?" "The pandemic was a military operation...implemented by the people who stole the $20 trillion." This clip of Fitts, a former Assistant Secretary of Housing and Urban Development, investment banker, and founder of the Solari Report (The Solari Report | Catherine Austin Fitts ), is taken from an interview with Dr. Jane Ruby (DR JANE RUBY™️) posted to The Dr. Jane Ruby Rumble channel today, June 18, 2025. For reference, Fitts is describing how she and MSU professor Mark Skidmore discovered that the Department of Defense has stolen at least $20+ TRILLION of U.S. taxpayer money. (That number was as of 2015, and it is likely much larger now.) Fitts notes that the DOD was also in charge of "the pandemic" here in the U.S. and that COVID—including the supposed "vaccines" for the disease (see full interview)—have been used to lower life expectancy in order to avoid a reckoning regarding Americans' missing pension money. ----------------Partial transcription of clip--------------- "The moment they started the financial coup, they started to implement policies that made life expectancy go down. Because if you can't balance the budget by putting more funding behind the retirement system, the only way you can balance the— Well, you can, you can extend retirement, the date of retirement, or you can lower life expectancy, or both. But that's— You have to— if the population and the Congress refuse to do the financially responsible thing, then your only other choice is to is to lower life expectancy. "He [Mark Skidmore] was like, I don't understand what you're talking about. So when the pandemic hit, I knew exactly what it was. Because if the pandemic was a military operation, it is being implemented by the people who stole the $20 trillion. "Do you really think that DOD is going to say, 'Oh, guess what, nobody gets any retirement. We stole all the money... and we sent it to Basel, Switzerland'? Or wherever they've got a stockpile, or we sent it offshore, we send it wherever the money went, whatever it funded. "The American people, if you're the President of the United States, every day, every week, the primary dealers working with the New York Fed go out and borrow money. So they sell treasury bonds and treasury bills to your IRAs and your retirement accounts and your pension funds. Okay. So I sell a treasury bond to a pension fund. And so you work all your life, you put your cash in your pension fund. The pension fund buys a Treasury bond, the money goes into treasury, the bank account at the New York Fed for Treasury. And then it disappears out the back door. "When Dr. Skidmore documented and published a study in 2017 that 21 trillion was missing, the outstanding debt of the United States at that moment was 21 trillion. The balance sheet. So do we have too much debt or do we have a bank robbery? "But here's the thing. As a citizen now, my pension fund is not an asset, it's an IOU for myself as a taxpayer. So I've put cash into my pension fund, and my cash has been converted to an IOU that I owe myself as a taxpayer, without your consent. Because the bonds have a call on all of our assets. "If you're the Department of Defense, do you really want to tell somebody, oh, you know, we disappeared 20 trillion of your money, and so, you know, so the question is, how do you manage that situation? Anyway, so, yeah, you know, if DOD stole your money, I think it was, you know, that money disappeared out of DoD accounts at the New York Fed...."

Sense Receptor

151,758 次观看 • 1 年前

Here's how fed gov't has stolen *tens of trillions* of taxpayer money since 1998 "By 2015 there was $21 trillion [gone]...it...goes into the NY Fed & they...put it in the government's account...that money disappears out the back door...then they...tell you...you have more debt" This clip of former Assistant Secretary of Housing and Urban Development, investment banker, and founder of the Solari Report Catherine Austin Fitts (The Solari Report | Catherine Austin Fitts) is taken from a recent interview with Shannon Joy (Shannon Joy). ---------------Partial transcription of clip--------------- "The head of the largest pension fund in the country from California looked at me and he said, you don't understand. It's too late. They've given up on the country. They're moving all the money out starting in the fall. And I thought he meant we're moving we, the pension funds, have been ordered to reallocate our equity investments to the emerging markets. And what I realized two years later was no. He meant they're stealing all the money. "So a process began in 1998 where the agencies would report, we can't produce audited financial statements, but we have this much or that much of undocumentable adjustments. And by 2015, there was $21 trillion. Remember, Donald Rumsfeld stood up before 9/11 and said, there's $2.3 trillion of undocumentable adjustments last year at the Department of Defense. I had a big story coming out. I was helping a researcher with a huge cover story in Insight Magazine on the what was then $4 trillion of missing money. And I said to the reporter, nothing can stop this story from going viral now. Well, guess what? The story got delayed and then nobody cared because 9/11 happened the next day. "And well, but here's the thing. If you look at all the offices in the two World Trade Centers and then at the Pentagon, those were the offices that had files on the financing of the $4 trillion. So the office at the Pentagon was considered to be the office where they were doing an investigation of the money that was missing from DOD. "So by 2015, there was $21 trillion. Now what I believe, you've now run up the debt. So so let's talk about how the debt works. The primary dealers, the New York Fed primary dealers sell a treasury bond to your pension fund. Or your 401K or your IRA. The money real money goes into the New York Fed and they give it to the country, or they put it in the in the government's account. Then that money disappears out the back door. And then they turn around and tell you and say, Shannon, you have more debt. So now you have So that now you, the taxpayer, owe the money to pay the debt to your own pension fund. So now your pension fund doesn't have the money anymore. It has a treasury bond, and now you, the citizen, are in debt to your own pension fund. "So the treasury has become a laundry device. Now if you look at what they're doing with the treasury payment data, for all I know, they're whiting out the whole trail."

Sense Receptor

22,619 次观看 • 1 年前

BREAKING: David david friedberg says "California is functionally bankrupt" "People don't realize how screwed California is, & I worry that if California falls, so does the union. "$250 billion to $1 trillion short." "This is because for California to get rescued would be a big cost to red states, & I think it creates in the years ahead a lot of tension." "California's functional bankruptcy is a major risk to the country. & I think we need to figure out what we can change to fix it." How we got here: "California has a public pension system, & that public pension system retirees have paid into it & they get some benefits out, & the amount that they're owed back out is somewhere between $250 billion - $1 trillion dollars more than has been paid in. $250 billion to $1 trillion short. If it was the federal government, it would be like, okay, we'll just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits. There is a Supreme Court case in California that said that once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever, and the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it. No state has ever declared bankruptcy, and the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services." Hill & Valley Forum 2026 (The Hill & Valley Forum)

Molly O’Shea

2,666,242 次观看 • 3 个月前

Surreal exchange with Sunak Janet Street-Porter, "Why do you hate pensioners? That's the only conclusion I can come to as a result of the spring budget" Janet Street-Porter "You lowered National Insurance by 4p.. Big deal.. Pensioners don't pay NI.. Then you froze the tax threshold.. So yes you gave us more pension, but that leaves a gap of only £1,000 before the basic average pension to the threshold to paid tax" "So many pensioners are living in poverty, around 2,000,000. Most are living in private rental accommodation.. So there's an argument that pensioners have come our worse" *Rishi Sunak is smirking as she says this* "Worse under the Tories, worse under you. As a pensioner, what I see is are pensioners who would like to take extra jobs to make ends meet, to buy little treats, to go out once a month, to put petrol in the car" *Rishi Sunak takes a sip from his mug* "But if they earn any money. More than £1,000 a year, and go above that threshold, they're going to be paying tax. Now does that seem right?" Rishi Sunak, "So, Janet, I care deeply about pensioners.. It's really important to me personally.. It was a Conservative government that introduced the triple lock" Janet Street Porter, "I'm not criticising that" Rishi Sunak, "We've protected the triple lock.. That means the state pension has gone up by £900" Janet Street Porter, "I know, but so has the cost of basic living.. You have supplied pension credit, but, there's so many people never claimed them" Rishi Sunak, "All pensioners recieved double their winter fuel payments.. State pension has gone up by £900, far greater than inflation and price rises.. About that pensioner who wants to earn that little bit extra, they don't pay National Insurance.. So they aren't paying tax on that work" Janet Street Porter, "Well they are.." *Rishi Sunak talks over her so she cant repeat the point she just made about earning above the threshold and having to pay tax*

Farrukh

1,107,165 次观看 • 2 年前

⚠️ 𝗠𝗮𝗿𝗸 𝗖𝗮𝗿𝗻𝗲𝘆𝘀 𝗕𝘂𝗱𝗴𝗲𝘁 𝗶𝘀 𝗮 𝗱𝗶𝘀𝗮𝘀𝘁𝗲𝗿 and where is the mainstream media?⚠️ Here are the 𝗦𝗵𝗼𝗰𝗸𝗶𝗻𝗴 𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀 exposing how Ottawa is straight-up gaslighting Canadians about our debt crisis: 1. Canada’s “lowest debt in G7” claim is a total scam. • Government brags about 13% net debt-to-GDP (lowest in G7). • TRUTH: They’re counting $890 BILLION in CPP/QPP pension money as “assets” they can use to “offset” debt. • You can’t raid grandma’s pension to pay the Visa bill—that’s fraud accounting. 2. Strip out the pension trick and 𝗖𝗮𝗻𝗮𝗱𝗮’𝘀 𝗱𝗲𝗯𝘁 𝗶𝘀 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗻𝗲𝗮𝗿 𝘁𝗵𝗲 𝗧𝗢𝗣 𝗼𝗳 𝗚𝟳. • Real total debt-to-GDP: 113% (5th-worst in G7). • Worse than UK (103%), Germany (64%), and closing in on France (117%). • Only Japan is worse. Congrats, we’re G7 debt runners-up! 3. Carney’s “transformative” budget is just Trudeau 2.0 on steroids. • Plans to spend MORE, borrow MORE, pile on MORE debt than even Trudeau projected. • Same failed decade-long deficit party, new suit. 4. Canada’s debt exploded FASTER than every other G7 country. • +25 percentage points in 10 years. • Next worst (France): +17. • We’re the G7’s debt-growth champion—nobody else even close. 5. Mark Carney promised to “always be straight” with Canadians. • Then immediately uses the exact same deceptive pension-accounting trick to justify endless deficits. • Straight-up lied in Week 1. Bottom line: The government is deliberately hiding a 113% debt iceberg by waving around a fake 13% “net debt” mirage built on your retirement savings. Classic Ottawa sleight-of-hand. The Fraser Institute @Martyupnorth_2 Kirk Lubimov Clyde Do Something 🇺🇸🇨🇦 Andy Lee Taxpayer.com Franco Terrazzano

Satire Squad HQ

12,988 次观看 • 8 个月前