Wednesday, August 21, 2019

The Pension Gamble

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"I believe that banking institutions are more dangerous to our liberties than standing armies.  If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered... The issuing power of currency shall be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson

The writers of the American Constitution were men whose faith in God was undeniable.  To this end, they wrote, "We hold these truths to be self-evident that all men are created equal; that they are endowed by their creator with certain unalienable rights; that among them these are life, liberty and the pursuit of happiness."
     Ironically as many use the media (social and otherwise) to depict investment in the stock market and debt as a means to prosperity and a vehicle in the pursuit of happiness, one of the writers of the Constitution wrote words of caution.  Recently, fears of a recession sent the Dow tumbling 800 points after the bond market flashed a warning sign that predated every recession for the past 50 years.
     Previously I had published a blog on the "Retirement Gamble"; here is a followup for those who may assume they are safer because they have a pension.


When the plans of man fail, God's plans will withstand the test of time. "For where your treasure is, there will your heart be also." Matthew 6:21 (KJV) 

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The Pension Gamble

"I believe that banking institutions are more dangerous to our liberties than standing armies.  If the American people ever allow ...