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Anti-Empire

offsite link The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire

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The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.  We are also making archives of the blog available for free download in various formats (see below). 

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
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offsite link The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
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Lockdown Skeptics

The Daily Sceptic

offsite link Green Party Leader Admits She Has Gas Boiler, Not Heat Pump Mon Jun 24, 2024 13:05 | Will Jones
Green Party leader Carla Denyer has admitted that she still has a gas boiler despite her party?s commitment to reach Net Zero by 2040.
The post Green Party Leader Admits She Has Gas Boiler, Not Heat Pump appeared first on The Daily Sceptic.

offsite link Nigel Farage Was Right About Britain Needing to Escape the Clutches of a European Evil Empire. Why N... Mon Jun 24, 2024 11:00 | Ian Rons
Nigel Farage was one of the few British politicians to stand up for our right to self-determination and helped us to break free of an overbearing European power. Why can?t he see the Ukrainians are in the same position?
The post Nigel Farage Was Right About Britain Needing to Escape the Clutches of a European Evil Empire. Why Not Support Ukraine?s Efforts to do the Same? appeared first on The Daily Sceptic.

offsite link Come and See Nigel Biggar Talking About His Book on Colonialism in London on June 27th Mon Jun 24, 2024 09:00 | Laurie Wastell
The Daily Sceptic?s new Associate Editor Laurie Wastell invites readers to a lecture he is hosting this Thursday with Professor Nigel Biggar about his book Colonialism: A Moral Reckoning.
The post Come and See Nigel Biggar Talking About His Book on Colonialism in London on June 27th appeared first on The Daily Sceptic.

offsite link Scarcely a Day Passes Without the Met Office Announcing Another ?Record? Temperature. But How Many o... Mon Jun 24, 2024 07:00 | Chris Morrison
Recent UK temperature records at Heathrow and Hull East Park have left the Daily Sceptic's Environment Editor wondering if nearby jet engines and solar farms had any part to play...
The post Scarcely a Day Passes Without the Met Office Announcing Another ?Record? Temperature. But How Many of its Weather Stations are Next to Airports and Solar Farms? appeared first on The Daily Sceptic.

offsite link News Round-Up Mon Jun 24, 2024 01:21 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Voltaire, International Newsletter N°92 Fri Jun 21, 2024 14:51 | en

offsite link Western domination of the rest of the world is now over Fri Jun 21, 2024 14:42 | en

offsite link France facing the change of era, by Thierry Meyssan Tue Jun 18, 2024 06:59 | en

offsite link After Ukraine, Serbia? Fri Jun 14, 2024 14:07 | en

offsite link Voltaire, International Newsletter N°91 Fri Jun 14, 2024 13:06 | en

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Press Release: Pension Poverty Time Tomb

category national | economics and finance | press release author Sunday August 21, 2016 22:11author by pbp - People Before Profit Report this post to the editors

People Before Profit Press Release - Aug 18th 2016

n August, a paper entitled “Inter-Governmental Group on Fuller Working Lives” appeared. It was an irrelevant document that did nothing to tackle the growing threat of poverty for older people.

The numbers aged 65 and over is estimated to increase from 570,000 in 2013 to 855,000 in 2026. But the government has already raided the National Pension Reserve Fund that was designated to pay for these growing numbers.

Workers contributed to this fund but it was literally stolen. There was €22 billion in it when the Celtic Tiger crashed but about €17 billion was used to bail out the banks. The rest was used to set up an Irish Strategic Investment Fund which has become a means of funnelling cheap credit to business people.

This fund, for example, could be used to build social housing and the rents that accrued could pay the pensions of future generations.

But instead the Irish Strategic Investment Fund will only invest in ‘projects of a commercial nature’. That is code for involving private capitalists.

Result: there are growing numbers looking for a state pension but their money has already been squandered.

This is why part time workers risk losing their contributory pension unless they have worked more than 8 hours per week.

Defined contributions but uncertain returns

The other major problem stems from the current madness that has overtaken global capitalism

The system is facing unprecedented stagnation as can be seen in the near decade long economic crisis. Capitalists have responded by cutting back on their investments because they don’t think they will make enough profit in these fearful times.

This has led to a strategy of negative interest rates and quantitative easing. To encourage corporations to start investing, central banks are printing money and, instead of offering interest to large depositors, they are actually charging savers for holding money. The theory is that these negative incentives should encourage capital to spend on production. But in reality, it has had a different effect.

The wealthy are engaged in another orgy of speculation, through hedge funds and ‘special purchase vehicles’ set up dodge tax. They are buying up distressed property and ‘food commodities’ in the hope of making a quick buck.

Now here is the rub. Over the last decade many workers have been forced into private pension funds or Defined Contribution schemes which put money into investment portfolios where they face the risks of market fluctuations.

In the past these private pensions often invested in government bonds or safe havens such as banks – where they gained steady interest. But as both of these now give a declining return, they either move into more speculative activities or cut back on pension pay-outs. The overall result is more poverty and more insecurity for the aged. We need to change this.

People Before Profit believe,

Employees should be offered a defined benefit system to increase their security.
Employers should be legally forced to contribute to the pension funds of their workers.
The private pension industry should be replaced with a public programme that invests in useful social projects that gives a return to future generations.
The money taken out of the National Pension Reserve Fund must be put back through a special levy on bankers and property developers who are once again rearing their ugly heads.

Related Link: http://www.peoplebeforeprofit.ie/2016/08/pension-poverty-time-tomb/
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