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Friday, July 10, 2015

No Jobs For The Young, No Retirement For The Old

Every cent now being looted from the Treasury to finance Obama's endless wars and Pentagon theft, while forcing young Americans into the military simply in order to survive    

WASHINGTON'S BLOG
By Charles Hugh Smith
07/09/2015

You may have seen a variation of this chart of employment in the U.S. by age group. 


The below chart–courtesy of mdbriefing.com— shows the number of those employed (with any kind of job–full-time, part-time, self-employed) as a percentage of the Civilian Noninstitutional Population (CNP), which includes everyone 16 years of age and older who is not institutionalized or on active duty in the Armed Forces.

A number of striking features pop out of this chart:

1. Employment in the 16-19 age cohort has been dropping for 35 years, and fell off a cliff in 2008.

2. Employment in the 20-24 and 25-54 age cohorts topped out in 2001 and has yet to recover the pre-recession levels of 2008.

3. The only age cohort with employment growth since 2000 is the 55 and older group.




There are many theories as to why youth employment has plummeted while 55+ employment is rising, but demographics and financial insecurity likely play major roles.Back when Social Security was established, few people lived beyond their 60s. 

A retirement age of 65 meant most people lived only a few years beyond retirement.




Now people live into their 80s, and medical technologies are enabling many to remain active even in their advanced years.

As people live longer, those reaching retirement age (early to mid 60s) often have elderly parents in their 80s who need care and financial support. People living into their late 80s, once a rarity, are now commonplace.


Social Security has been systematically looted over the last
three decades by the government and Congress
As the economy has stagnated, financial demands on their own children (in their 30s and early 40s) have increased, leaving many of those reaching retirement age with two generations needing help. Retirement is not much of an option when every scrap of income is needed.


Over the past 35 years, defined pension plans that were once common benefits of corporate employment have vanished and been replaced by 401K plans which transfer the risk to the employee. As the stock market has soared and crashed twice in the past fifteen years, those approaching retirement can no longer trust that their pension fund is secure.


The Federal Reserve’s Zero Interest Rate Policy (ZIRP) has destroyed low-risk yields on retirement funds (401Ks, IRAs, etc.), greatly reducing the yield on retirement savings. As a a direct result of Fed policy (designed to recapitalize banks at the expense of savers and retirees), those hoping to retire have been forced to put their savings at risk (investing in risky assets such as junk bond funds) or working longer because the low-risk yield on retirement savings are now meagre.


The reality is that financial insecurity is rising for everyone heading into retirement. Even state and local government workers are concerned that their pensions aren’t as secure as they were a generation or two ago, as the fiscal imbalances of many local government budgets are the New Normal.


Obama continues the looting, while his bought
and paid for "mainstream media" ignores the issue
and launches a media campaign to convince
Americans it is a natural course of events
The Federal government can effectively create money to pay Social Security, veterans and federal employee pensions, but there is no guarantee that these pensions will keep up with inflation or not be taxed to oblivion. 

One key source of financial insecurity is the growing awareness that the rules will be changed without consent of the governed to preserve the perquisites of the Ruling Class and powerful vested interests.


It would be foolish in the extreme to trust that the Powers That Be won’t change the rules in a heartbeat when their power and wealth are threatened by instability. 

The Nobility will change the rules and the peasants will pay–end of story.


American seniors are already eating dog and cat food in order to survive

In this context, we shouldn’t wonder why people are working into their 70s–we should wonder why anyone retires, assuming they’ll still be receiving their full pension in five years.



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ANDREW KREIG: EXPERTS REJECT FIRE AS CAUSE FOR 9/11 WTC COLLAPSES

The real truth on 9/11 slowly continues to bleed out

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Technical experts are mounting major challenges to official U.S. government accounts of how three World Trade Center skyscrapers collapsed in near-free fall after the 9/11 attacks 15 years ago.

Many researchers are focusing especially on the little-known collapse of World Trade Center (WTC) Building 7, portrayed in this 10:08 minute video.

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The Geopolitics Of The United States, Part 1 : The Inevitable Empire

The Empire and the inevitable fall of the Obama criminal regime

STRATFOR Editor’s Note: This installment on the United States, presented in two parts, is the 16th in a series of STRATFOR monographs on the geopolitics of countries influential in world affairs.

Like nearly all of the peoples of North and South America, most Americans are not originally from the territory that became the United States.

READ MORE >>

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Geopolitics Of The United States Part 2: American Identity And The Threats of Tomorrow

A look back at 2011 predictions for the future in order to put events of today into perspective

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We have already discussed in the first part of this analysis how the American geography dooms whoever controls the territory to being a global power, but there are a number of other outcomes that shape what that power will be like. The first and most critical is the impact of that geography on the American mindset.

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By Robert S. Finnegan

This e-mail outlines and confirms the acts of espionage against Indonesia and Indonesians by Akiko Makino and the others involved both in Kobe University and in AI Lab at University of Airlangga, Surabaya; Bahasa Indonesia original follows English translation...

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UPDATED 01/07/2015 : New Analysis Challenges Tamiflu Efficacy; Hong Kong Corona Virus Outbreak

UPDATED 01/07/2015 : FOX NEWS CORPORATE PHARMA SHILL MEGAN KELLY AND FOX NEWS QUACK DOCTOR NOW PUSHING TAMIFLU FOR PREGNANT WOMEN AND CHILDREN;

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THE 5TH ESTATE UNEQUIVOCALLY WARNS THE PUBLIC NOT TO TAKE OR GIVE THIS PROVEN DANGEROUS, INEFFECTIVE DRUG TO ANYONE

Obama criminals now resulting to biowarfare in quest to destroy Chinese and ASEAN economy; "novel virus substrain" points directly to a Kawaoka / Fouchier / Ernala-Ginting Kobe lab virus weaponized and genetically altered to specifically target and infect the Asian population: Ribavirin...

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The 5th Estate has just purchased a library on H5N1 "Novel" virus pandemics, there are dozens of PDF and Exel documents we feel will assist you in saving lives following intentional releases of the H5N1 and now MERS viruses; we will begin by printing those that appear to be extremely relevant here: H5N1 Kobe-Kawaoka-Ernala series continues soon with more "Smoking Gun" e-mails from Teridah Ernala to The 5th Estate . . .

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By Robert S. Finnegan

On October 12, 2002 the Indonesian island of Bali experienced a terrorist attack that rocked the world. It was unquestionably well-coordinated and executed, the largest in the country's history.

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