The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
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Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely

How would you feel if you worked for a state or local government for 20 or 30 years only to have your pension slashed dramatically or taken away entirely?  Well, this exact scenario is playing out from coast to coast and in the years ahead millions of elderly Americans are going to be affected by broken promises and vanishing pensions.  In the old days, things were much different.  You would get hired by a big company or a government institution and you knew that the retirement benefits that they were promising you would be there when you retired in a few decades.  Unfortunately, we have now arrived at a time when government institutions and big companies have promised far more than they are able to deliver, and "pension reform" has become one of the hot button issues all over the nation.  Many Americans that have been basing their financial futures on their pensions are waking up one day and finding that their pensions are either gone or have been cut back dramatically.  According to Northwestern University Professor John Rauh, the latest estimate of the total amount of unfunded pension and healthcare obligations for state and local governments across the United States is 4.4 trillion dollars.  America is continually becoming a poorer nation and all of that money is simply not going to magically materialize somehow.  So where is that 4.4 trillion dollars going to come from?  Well, either pension benefits are going to have to be cut a lot more all over America or taxes will need to be raised dramatically.  Either way, we are all going to feel the pain of these broken promises. (Read More....)

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You Know That Your City Has Become A Hellhole When….

All across America there are cities and towns that were once prosperous and beautiful that are being transformed into absolute hellholes.  The scars left by the long-term economic decline of the United States are getting deeper and more gruesome.  The tax base in many areas of the nation has been absolutely devastated as millions of jobs have left this country.  Hundreds of cities are drowning in debt and are desperately trying to survive.  Last year, city government revenues in the United States fell by another 2.3 percent.  That was the fifth year in a row that we have seen a decline.  Meanwhile, costs associated with health care, pensions and virtually everything else continue to explode.  So what are cities doing to make ends meet?  Well, one big trend that we are now witnessing is that many U.S. cities have been getting rid of huge numbers of employees.  If you can believe it, 72 percent of all U.S. cities are laying workers off this year.  Social services and essential infrastructure programs are also being savagely cut back in many areas of the country.  The cold, hard truth is that most of our cities are flat broke and things are going to get even worse in the years ahead. (Read More....)

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22 Statistics About America’s Coming Pension Crisis That Will Make You Lose Sleep At Night

As the first of the 80 million Baby Boomers have begun to retire, it has become increasingly apparent that the United States is facing a pension crisis of unprecedented magnitude.  State and local government pension plans are woefully underfunded, dozens of large corporate pension plans either have collapsed or are on the verge of collapsing, Social Security is a complete and total financial disaster and about half of all Americans essentially have nothing saved up for retirement.  So yes, to say that we are facing a retirement crisis would be a tremendous understatement.  There is simply no way that we can keep all of the financial promises that we have made to the Baby Boomer generation.  Unfortunately, the crumbling U.S. economy simply cannot support the comfortable retirement of tens of millions of elderly Americans any longer.  The truth is that we are all going to have to start fundamentally changing the way that we think about our golden years. (Read More....)

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