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Article #2189

Re: Have millions lost their 40 years of pension investment?

#2189
From: Rod Speed
Date: Sat, 04 Feb 2012 00:55
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no.top.post@gmail.com wrote:

> I'm hearing that a substantial section of US population
> had the value of their decades of investment & saving
> in pensions, wiped out over a few days.

That is a bare faced lie.

> If this is true,

It isnt.

> how will it effect the attitude towards saving for future generations?

It wont because that didnt happen.

The US has always had a situation where some do lose their
pension when the operation they are working for goes bust.

> We see already that the 1920's experiences have
> drastically effected the German attitude to economics.

And we have seen that they didnt with the US.

> The current, shorter term problem of forced austerity causing
> unemployment, is a different issue, which I'm NOT discussing here.

Its has in fact only produce unemployment rates in the US that many
european countrys would sell their first born into slavery to get.

> It's starting to look as if the Mediteranians had the right idea

Try telling that to the greeks. Dont be TOO surprised when they just laugh in your face.

> to NOT 'save and live within your means', because we who
> did so, just had our savings looted.   Better just enjoy life.

Try telling that to the greeks. Dont be TOO surprised when they just laugh in your face.

> As a 3rd world resident, of Swiss parentage, I'm a
> Swiss citizen by Swiss law.  So I volantarily contributed
> to the Swiss national [AHV] pension for several years.

> As South Africa degenerated into political chaos, in the
> 90's and foreign exchange restrictions made it impossible
> for me to get my pension payments to Switzerland on time,
> the AHV saw the opportunity to "cancel my membership",
> and loot my contributions.

You could do the decent thing and set fire to yourself
outside the parliament building in Geneva.

> Documentation dating back to the 90's revealved that the
> AHV accounts were under strain then.  Apparently, working
> on statistical principles, if they could disqualify, and loot the
> contributions of sufficient victims, the AHV could improve
> its situation. Members like me who would soon be eligible
> for benefits were particularly profitable victims.

See just above.

> The most unethical part is perhaps, that when the AHV
> invited citizens to PAY, via 'adverts' from their foreign
> embassies, they had no problem in communicating in English.
> But after they decided to loot the victims, they could not
> understand English, and all official correspondence to the
> effect, repeatedly, of <you have 30 days to appeal> was
> delivered in German LEGALESE which I had to pay to get
> translated.

See just above.

> Since my contributions and corresponding benefit entitlments
> were low, my situation is not disasterous. But I consider it my
> civic duty to publicise this matter,

You'd get a lot better publicity if you set fire to
yourself outside the parliament building in Geneva.

> and point out that if the Swiss government department/s
> are so unethical, this may reflect a national charcteristic,

LIkely it does given that they so enthusiastically helped the
germans to launder gold stolen from the jews they externinated
and that they got from their teeth after cremation.

> and I'd advise anyone against dealings with Swiss businesses
> which leaves them vunerable to situations like I've described.

Bugger, does that mean I will have to shut down my swiss bank accounts ?

Where do you propose I move all that money to ?

> Perhaps the nazi-looted-Jews case confirms my point.

You've been reading my mail, havent you ? 
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From: "Rod Speed" <rod.speed.aaa@gmail.com>
Newsgroups: sci.econ,ch.soc.law,soc.culture.swiss
Subject: Re: Have millions lost their 40 years of pension investment?
Date: Sat, 4 Feb 2012 11:55:50 +1100
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