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Act Two. Righting historical wrongs. Honoring long-standing commitments through decisive leadership: - The Federal Government's historic ₦758 billion pension intervention, which cleared outstanding pension obligations dating back to 2007, benefiting over 957,000 retirees and restoring confidence in the pension system. - Accrued pension rights moved from 21 months in...

19,166 görüntüleme • 1 gün önce •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 görüntüleme • 4 ay önce

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 görüntüleme • 1 yıl önce

You can’t trust the government with your Superannuation. “The country’s major superannuation funds would guarantee an annual income for millions of retirees under a confidential proposal from the Albanese government as it prepares for a flurry of withdrawals from the super system. While the pension pool has swelled to $4.1 trillion, the federal government and funds are increasingly assessing how to manage an inflection point when more money flows out of savings as a larger proportion of the population reaches retirement age and life expectancy grows. In preparation, Treasury officials have circulated proposed standards to superannuation funds and industry bodies that would enshrine so-called longevity protection. This tool would set a draw-down rate for retirees with more than $200,000 in their account and would be difficult to change even if a person wanted to do so. In preparation, Treasury officials have circulated proposed standards to superannuation funds and industry bodies that would enshrine so-called longevity protection. This tool would set a draw-down rate for retirees with more than $200,000 in their account and would be difficult to change even if a person wanted to do so." See article below 👇 ••••••••••••••••••••••••••••••••• “I think it is important that people have that choice and I agree people may want to take some of their super to retire debt and I also agree…………….that home ownership is a very important feature of people’s circumstances post retirement………………we are a bit concerned people aren’t being given the choices they possibly should be around retirement products.” ••••••••••••••••••••••••••••••• This was always going to happen with Superannuation - withdrawals from a decade onwards will start to exceed contributions. Especially since the percentage of people retiring with a mortgage is approaching 50% of retirees due to high housing costs. Increasing withdrawals will cause a liquidity crunch forcing assets sales and a subsequent fall in asset prices that will impact future generations. The language used by the Head of Treasury in my opinion is code for saying he agrees with me that superannuation is not working. His emphasis on the word choice in relation to housing suggests he knows very well that superannuation is stopping people from owning their own home. It’s time the major parties stopped pretending that superannuation is anything but a rort, and allowed people to keep their wages. Home Ownership is the most important financial investment a person can make. It’s why voluntary superannuation is one of People Firsts key policies. Quote from: #auspol

Gerard Rennick

18,515 görüntüleme • 1 yıl önce

David Andersen is in the news again today because it was revealed in Senate estimates the ABC spent $45,000 on his going away party. That’s too much for sure but it still pales into insignificance compared to the over $400,000 he will receive every year in retirement until he dies. If he lives to 86, he will be paid more than $12 million for doing nothing. Not bad coin for someone who was already paid over a million a year for 5 years at the ABC. PeopleFirst is the only party that intends to means test the non-military defined benefit scheme for retired Federal bureaucrats. Estimates from the Finance Department put the cost of this scheme at $334 billion and counting. PeopleFirst intends to use the savings to fund an income tax cut on wages and salaries below $45,000. To keep more money in your pocket and out of the pockets of bureaucrats please sign up to today. ••••••••••••••••• “At senate estimates in December, ABC's chief financial officer Melanie Kleyn sought to assuage Liberal Senator Sarah Henderson's disbeliet that a farewell party could cost over $45,000.” V “Outgoing ABC managing director David Anderson will remain one of the country's highest earners for the rest of his life despite quitting his $1.15million job – all thanks to you. According to the ABC's annual report from the 2022-23 financial year, the corporation's top executive received a total remuneration package of $1,156,969, increasing year-on-year by $120,000. Under the Commonwealth Superannuation Scheme, Mr Anderson, who first joined the public broadcaster as a bike courier in Adelaide in 1989 and enjoyed a 35-year career at the ABC, is entitled to an annual CPI-indexed pension of at least 37 per cent of his final salary. That would put the outgoing ABC boss's total taxpayer-funded annual pension at almost $430,000 – more than four-and-a-half times the nation's average income.”

Gerard Rennick

43,093 görüntüleme • 5 ay önce

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 görüntüleme • 3 ay önce

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 görüntüleme • 1 yıl önce

#WATCH | Delhi | On Supreme Court grants full pension to women SSC Officers denied permanent commission, Advocate SS Pandey says, “Today, Supreme Court has passed a historical order, the bench was presided by the CJI, in respect of women officers of all the three services – Army, Navy and Air Force. The SC has recognised the fact that since women officers were not being considered for PC, the inputs to derive the merits of the women officers have not been done properly because the reporting officers were not conscious of the fact that these Annual Confidential Reports and other credentials would be used for consideration of PC for the women officers… In the Army, the SC has already found that the women officers have been subjected to systemic discrimination through the cases of Babita Punia and Nitisha… The SC clearly held that all those officers who have completed 60% of qualifying service and were clear from the PC and vigilance angle will be considered and granted PC. The officers who have been victims of systemic discrimination will be permitted to serve for 20 years and will be given a pension on completion of 20 years… In the Air Force’s case, the consideration denied earlier was based on a 2019 policy in which the inputs that were taken into consideration were those that women officers could not have earned during their service. As a result, they were denied PC. Both the male and female officers have been granted consideration for PC or pension… The same goes with the Navy because it was also following a policy of no PC to either men or women… They have also been considered for PC… “

ANI

39,804 görüntüleme • 3 ay önce

.Rwanda Social Security Board and our favorite artist The Ben joined Umuganura celebration in the Nordics, making the event even more memorable! Rwandans living in #Finland, #Denmark, #Norway and #Sweden couldn’t have asked for a better Umuganura! Over 500 Rwandans from across the Nordic countries gathered in Norway to celebrate Umuganura : Rwanda’s National Harvest , alongside members of the diplomatic corps accredited to Norway and the vibrant African diaspora. This year’s Umuganura was the best ever ! A powerful celebration of culture, unity, and Rwanda’s forward-looking vision. A standout moment was the engagement with Alain Ngirinshuti from Rwanda Social Security Board who flew in from Rwanda to share two groundbreaking government initiatives: -Housing Projects , designed to give every Rwandan a dignified place to call home. - Ejo Heza , an innovative long-term savings scheme that enables all Rwandans, including children, to secure futures through voluntary savings and pension benefits. These initiatives reflect the Government of Rwanda ’s bold and inclusive approach to nation-building, ensuring that no one is left behind , not even abroad. The celebration was elevated by an electric performance from our favorite artist The Ben, alongside beautiful Rwandan community in the Nordics’ traditional cultural groups who reminded us of the richness of our heritage. This Umuganura wasn’t just a harvest celebration. it was a testament to progress, purpose, and pride in being Rwandan.

Dr Diane GASHUMBA

12,845 görüntüleme • 11 ay önce

People are drowning in debt “Australia’s retirement system has been based on the presumption that the overwhelming majority of people would own their homes outright upon retirement. However, due to declining homeownership rates, Australians buying homes later, and carrying larger mortgages into retirement, that assumption is clearly crumbling. Westpac notes that people over the age of 40 accounted for around 20% of mortgage loans issued to first-home buyers in 2025. As a result of people purchasing later and taking out larger mortgages, Loan Market Group has found that 40% of respondents do not expect to have paid off their mortgages by the time they retire. This analysis aligns with warnings from the Super Members Council of Australia, which estimated that more than 40% of Australians will retire with mortgage debt, up from 16% two decades ago.” ••••••••••••••••••••••••• People First has been the only party talking about the fact that 40% of people who retiree haven’t paid off their mortgage. This figure is based from ABS numbers now five years old so the figures are probably worse. These people end up cashing out their super and going on the pension this wasting billions on Superannuation fees for nothing. No other party wants to tackle our financial system except People First. We will: • Reintroduce capital controls to stop house inflation • Bring back a public bank • Start an Infrastructure Bank • Bring back a Government Insurance Office • Allow young people to keep their superannuation so they can buy a house • Cut immigration It’s time to put the Australian People First.

Gerard Rennick

13,494 görüntüleme • 2 ay önce

The second largest federal worker resignation in history to take place today, with as many as 154,000 federal workers formally ending their jobs as part of President Trump’s Deferred Resignation Program introduced back in January. In total, the Trump program projects 275,000 positions eliminated by the end of the year. In 1994, then President Bill Clinton signed the Federal Workforce Restructuring Act, which eliminated 377,000 jobs over three years, with each worker receiving $25,000. At the time, it was 12% of the federal workforce. As part of President Trump’s plan, more than 147,000 accepted an offer for 8-month’s paid leave with today’s resignation date. Another 6,100 opted for the plan’s early retirement option. This accounts for roughly 6.7% of the federal workforce. “Over the past several months, many federal employees have opted into and been approved for the Deferred Resignation Program (DRP), also known as the “fork in the road.” As reported by Fed Support. The Department of War saw 61,000 signup for the program. Another 16,000 came from the USDA and 4,000 from US Forestry. The program allowed federal employees to transfer workload and go on administrative leave before resignation. For many employees, their last day of federal service is Sept 30. Some will have longer. Employees continued to accrue annual and sick leave while taking administrative leave, but will not get paid for unused sick time. The total cost of program is reported to be $14.8 billion with 200,000 workers paid their full salary and benefits while on leave, according to The Guardian and and a US Office of Personnel Management memorandum. The White House issued a statement, noting employees would have received pay whether working or taking the voluntary layoff, saying it came no additional cost to taxpayers. The spokesperson added that it is the “most effective workforce reduction plan in history and will save the government $28 billion annually.” 1,500 people ended their employment under the program in May. Another 3,800 left in June. Today’s resignations come ahead of proposed recess firings by OMB, if a continuing resolution is not passed by Congress Tuesday.

The Questionable Gardner

49,101 görüntüleme • 9 ay önce

🚨New York City Sees Signs That Migrant Crisis May Be Coming to an End New York City’s long and arduous struggle with the migrant crisis is showing signs of resolution, thanks to the implementation of new policies by City Hall. The introduction of the 60- and 30-day rules for migrants is reshaping the city’s approach to handling the influx, significantly reducing the burden on its resources. Under these policies, migrant families are reprocessed after 60 days, while single adults are reprocessed after 30 days. Single adults who have compelling reasons, such as health issues or other qualifying circumstances, may still have the opportunity to get reprocessed and remain in the system. However, for most single adults, once their initial stay expires, they are no longer eligible to remain in New York City’s taxpayer-funded hotels or shelters. Instead, they are moved to federally supported DHS shelters, which are funded both by New York City and the federal government, but receive a greater share of funding from federal sources. These shelters offer accommodations, but many migrants prefer not to stay for long due to dissatisfaction with the conditions. While some may remain for a time, others often leave shortly after being placed in DHS shelters, seeking alternative housing options or relocating elsewhere. This shift in the system is also reflected in the number of migrant shelters closing down throughout the city, a clear sign that the crisis is easing. At the peak of the crisis, New York City was receiving thousands of migrants per week, overwhelming its resources. But now, with the number of new arrivals significantly reduced—from 3,000–5,000 per week to only a few hundred—the closure of several migrant shelters across the city proves that the strain on the system is lessening. Many migrants are opting to leave the city altogether, taking advantage of New York City’s re-ticketing process, which allows them to travel to other parts of the country as long as they leave the city. This process is helping further reduce the number of migrants staying in New York, as more people take advantage of the opportunity to move to areas where they may have family, job opportunities, or a better quality of life. For those who remain in the city, a growing number of migrants are finding ways to secure housing independently. With some migrants working and earning money, they can afford to rent apartments, often by pooling resources with friends or fellow migrants. In New York, where rent is high, shared housing arrangements allow multiple people to contribute to the cost. Apartments can be found for as low as $1,000 a month in certain boroughs, and by splitting the rent among five or six people, housing becomes accessible for those who are willing to share space. City Hall's recent decisions, including the reprocessing system and the movement to federally funded DHS shelters, have been pivotal in easing the crisis. These policies have helped reduce the financial strain on the city, which has been spending an estimated $6 billion annually to manage the crisis. Moving migrants out of taxpayer-funded shelters and into federally supported DHS facilities, which still receive some city funding but more federal support, has further alleviated some of this burden. Despite the lack of federal backing throughout the crisis, these new measures are beginning to show progress. As the number of new arrivals decreases and migrants begin to move out of the city or secure independent housing, New York City is slowly recovering, signaling that the worst of the migrant crisis may be behind it. ( footage is of migrants showing up to the Roosevelt hotel ) By Leeroy Johnson . For licensing email [email protected]

Viral News NYC

27,900 görüntüleme • 1 yıl önce

EXCLUSIVE: Ontario man loses everything and is left living in horrendous conditions inside a rundown barn after medically documented Moderna COVID-19 vaccine injury. Newbury, Ontario - Charles Colhoun was a fit, active, and healthy man who worked for Hydro One for most of his life and eventually went on to be a short-haul truck driver. He enjoyed dancing, travelling, and racing cars in his spare time. In 2021, after receiving two doses of the Moderna COVID-19 vaccine, Charles collapsed within two weeks after his second shot and was taken to the hospital, where he was diagnosed with CIDP, an autoimmune disorder that is a chronic, relapsing, paralysing disease that causes inflammation of the peripheral nerves. To manage his condition, Charles now undergoes weekly blood plasma exchanges to remove autoantibodies from his blood. Shortly after, Charles was also diagnosed with skin cancer and required surgery, which has shown some improvement with treatment. Charles was forced to quit his job due to his vaccine injury and lost his home, his beloved race car, and virtually all his possessions. Today, he lives in a rundown barn under horrendous living conditions, with no toilet, shower, or running water, and struggles to make ends meet on Canada Pension and Old Age Pension. Charles applied to the federal government's Vaccine Injury Support Program, which acknowledged a connection between the COVID-19 vaccine and his injury and awarded him only a very small amount of compensation. A GiveSendGo donation campaign has been launched in hopes of raising enough money to help Charles secure proper living accommodations, such as a motorhome. You can donate to Charles at the link below. You can send an e-Transfer donation to the email address below. [email protected]

The Canadian Independent

38,331 görüntüleme • 1 yıl önce