OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Transpicuous News Special Report on the Germanwing A320 Crash in the Alps…. and CERN.

So many directions one can go so I’ll just pick one. Social Security. It was an unfunded ponzi or pyramid scheme right from the start. To get the ball rolling they began collecting social security from, say, 5 workers so they could give (unearned) benefits to the first retiree as he/she reached age 65. Then when those 5 workers retired there needed to be 25 workers to fund the retirement for those 5, and next there had to be 125 workers to fund the retirement for the 25 retiring, and so on in the ponzi or pyramid scheme that obviously was slated for failure simply because the increase in workers was not sustainable. Well, that program has long since been bankrupt, but to save face the gov/Fed just keeps printing to cover the shortfall and pretending all is well when in actual fact it is many $$trillions in the hole that is only getting deeper.

One of my past lives was in the field of annuities (guaranteed lifetime income) which are based on several optional payout factors as well as actuarial tables which are based on life expectancy. It’s simple math to determine how much money it takes at a certain interest rate to pay out an annuity for the average life expectancy of the annuitant.

But that was in the rational world which appears to be gone. It has become very difficult to determine what interest rate to use to determine the payout when the annuitant reaches retirement age and wishes to begin his/her annuity. In the past a rate of 3- 5% was a cinch for the annuity companies so they could project what the benefits would be on retirement using that or some other fixed interest rate. This becomes a problem with ZERO or negative  interest rates and even the possibility of bail-ins, etc.

The good thing is that annuities are 100% funded programs so the annuitant will have a guaranteed lifetime retirement income when he/she retires. The bad thing is that most insurance companies are having difficulty keeping their heads above water in this crazy financial world. They are also victims of the mortgage bundling and other fraud and now hold large positions in worthless mortgages and bonds that some day will have to be marked to market. When that happens, those insurance companies may not exist any longer, and if they no longer exist, neither does your 100% funded annuity.

What I believe I see is an agenda to destroy all financial institutions in order for the world to accept the new digital currency that we will see shortly. People will be hurting so badly they will grasp at any straw that is offered them, even knowing those with the solution are also those who created the problem.  For myself my solution is to keep stacking the only proven safe and dependable asset that I know……All The Best…..Silverngold

you are corect,but dont expect logic to prevail.The founders knew what they were doing when the right to vote was given to those that were paying the bills mainly land owners in that agrarian society of 1776 .The poor make poor voters as they will always sell themselves back into slavery despite educating them they always choose short term relief rather than of long tern freedom .They enslave themselves ,so dont blame others for slavery …Slavery was outlawed for that reason and not because others wanted to enslave them..opposite of what the Socialsts held views are.Its a step away from sharecroppers ,very common at that time .Its the failure of democracy ,the voters can vote themselves the public treasury !.The founders didn’t give us a democracy ,but a Republic where direct vote wasent even possible with the transportation of the day .If the poor ran everything the Industrial Revolution would never have happened and we would be living like the Amish.

Why should we take advice from the poor when they cant even take care of themselves.! How stupid is that.?  WE tried to solve that problem with Social Security that worked very well because it required people to work and FORCED them to contribute to their own retirement ,something they would never do because their immediate needs always took president over the long term .Now we are in the process of destroying that program because the POOR again are making policy and distributions from SS are not even requiring work to get “benefits” now.The only way to take care of the poor is to force them to work and to save .I believe forced PRIVATE annuitys save is a better way .Same forced SS idea except the Government dosent hold the money ,its individually OWNED but government mandated ..out of the reach of voters and politicians that are always looking to spend someone elses money.A whole life insurence policy could do this with a small life insurence feature and the rest a savings and annuity payout after age 65..The cash value would be inheritable after death.

Completely separated from welfare ,aid to dependent children ,food stamps and any other welfare schemes the public wants.A retirement program privately owned but mandated ..a floor under poverty for the poor funded by their own work.A separate program from MEDICARE which can have its own program funded the same way.Kept separate because of scheming politicians Doctors ,Drug companies and the like.It too should be private owned ,public mandated.  The govie could still have any other welfare programs they want.   Hands off retirement and medicare…the basic needs….Private ownership is the basic difference ..the poor will have ownership rights and not a “beneffit” which is subject to politicians extorting votes from them.   The poor will then have “freedom” from political extortion like they are now.  Its the politicians that create “slavery” in order to get a “benefit” .Ownership is better for the poor then they can vote how they want ,not subject to extortion of your vote for a “benefit”.

I would add that the insurance companies would be limited to a payout Ratio of 95 % that is to say ..MUST pay out 95% of all the money they take in to the owner.

Currently SS payout ratio is 98 % ..very efficient only 2 % kept for administration.. CONTRASTED to COMPANIES like Blue Cross keeping 30 % for “administration”..paying out only 70 %

They have gone from “keep everybody out of the cockpit” to get somebody else in the cockpit in one day”.

However, it appears that at least half of America has chosen to become slaves by taking what the masters choose to dole out in the way of welfare, food stamps, housing, and other “freebies”. Therefore they have become the property of those masters who provide for them, no different than cattle or sheep, and they should have no right to complain about being slaves since they have accepted it as their way of life. Just as my cattle have no vote to tell me, who feeds and cares for them, what I should feed them and how I should care for them, all the freeloaders who are on the dole should have no right or vote  to tell their masters who feed and care for them what to do and when to do it. One of the reasons America is in the shape its in is because all those on the dole keep voting in all those who keep feeding them for their votes. There appears to be no  incentive for all the useless eaters to try to better themselves. After all, how can they better themselves better than they now have it. A free ride through life on the back of those who choose to work and earn their own way… a real Freeman!!  …………..Silverngold

Inexplicable why the agents didn’t at least try to put the fire out. What … they were just standing there watching this guy burn?

http://prn.fm

Willie Nelson to open chain of marijuana stores 🙂

http://www.telegraph.co.uk/culture/music/music-news/11498617/Willie-Nelson-to-open-chain-of-marijuana-stores.html

http://www.miningweekly.com/article/mirasol-options-75-of-chile-gold-belt-projects-to-yamana-2015-03-27

I’m not seeing the “Hello Kitty” stickers on Buygold’s tractor? 🙂

That’s possible.

I have wondered about reeds eye story In the gym…more than likely a couple of brass knuckles let him know that this was his last term… as the democratic party has promised that office to somebody else . and because reed was such a good boy allowed to live ,,,how’s that for conjecture ment

Did Saudi Arabia Just Suffer Its Largest Foreign Capital Flight In 15 Years?

Tyler Durden’s pictureSubmitted by Tyler Durden on 03/26/2015 21:30 -0400

The last few days have been almost the worst for the Saudi Arabian stock market in 4 years. Between low oil prices, a new King’s big social welfare budget, and now “war,” it appears this year’s dead cat bounce from last year’s exuberance is dying rather rapidly. However, what is perhaps even more troublesome for The Kingdom than the net worth destruction and potential blowback from instigating war against the Houthis is the fact that this month saw the largest drop in foreign curreny reserves on record (over 15 years) for the Arab nation… somewhat suggesting capital flight on a scale never seen before in one of the richest states in the world.

charts http://www.zerohedge.com/news/2015-03-26/did-saudi-arabia-just-suffer-its-largest-foreign-capital-flight-15-years

As long as he’s gone I’m OK with it.

Egypt, Pakistan join military campaign against Houthis

http://english.alarabiya.net/en/News/middle-east/2015/03/26/Pakistan-Egypt-join-military-campaign-against-Houthis.html

This Yemen operation sets up the stage for Iran, who are not happy about it, to take on Saudi Arabia in Yemen and that will suit the Saudi’s just fine, as they ain’t happy about Obummer giving Iran Nukes…..all of which is of course SM bullish and PM bearish…..

The Rig gets more glaringly stupid by the day.

Such is life in the never ending misery zone

Harry Reid Says He Won’t Seek Re-Election

http://www.nytimes.com/2015/03/28/us/politics/senator-harry-reid-retire.html?smid=tw-bna&_r=1

Santacruz Silver Rosario Mine Resumes Operations

http://finance.yahoo.com/news/santacruz-silver-rosario-mine-resumes-190900590.html

Golden Band Resources Reports Results For The Third Quarter Ended January 31, 2015

http://finance.yahoo.com/news/golden-band-resources-reports-results-201900843.html

Kinross settles shareholder lawsuit tied to Mauritania debacle

http://finance.yahoo.com/news/kinross-settles-shareholder-lawsuit-tied-000827415.html

Pretium Resources Inc.: Brucejack Project Receives British Columbia Environmental Assessment Approval

http://finance.yahoo.com/news/pretium-resources-inc-brucejack-project-090000717.html

Hecla to Acquire Revett in $20 Million Stock Deal

http://finance.yahoo.com/news/hecla-acquire-revett-20-million-120000503.html

Midway Pours First Gold at Pan Mine

http://finance.yahoo.com/news/midway-pours-first-gold-pan-123000438.html

LOL, you have missed your calling…pretty scenery, funny poem.  😀

…since I’m pulling an all-nighter.  Plenty for everyone.

Dashing through the snow,
in a Gold and Silver train,
down the hill we roll,
laughing all the way…
(Diesel Bells, Diesel Bells, clanging all the way…)
http://www.railpictures.net/viewphoto.php?id=524766

be involuntarily relocated or removed from the gene pool”. This quote is from the last paragraph of the link below. For anyone who wants to give global warming a rest for awhile, the item below suggests a topic of more immediate concern than suggestions of global warming. The degree to which the precipitation zones mapped in this article are enduring will be a major determinant of future human population shifts. Some will say that’s long term, and there is no concern right now. I think water-short scenarios are here now and will increase in severity and areal extent very quickly, not some time long in the future. Nature does have a hand in geopolitics. Treasure the water to which you are now lucky enough to have access. It is precious. Equiz.

http://www.naturalnews.com/045790_Las_Vegas_water_supply_imminent_collapse.html

In a comment ” what do you think these purges are about?”

Have to scroll down through bunch of adds. Comments Bluuplanet doesn’t seem too far off. Will he start martial law and stop elections next?

http://universalfreepress.com/source-gen-james-mattis-fired-refused-take-arms-u-s-citizens/