Corporate defaults are on rise — 3 just this week / Japan Goes Full Goebbels: Government Cracks Down On Media Over Negative Economic Reporting / The Global Oil Glut Is So Great, Tankers Take The Long Route Around Africa To Find A Buyer / China Fires Stock Regulator, Scrambles To Regain Narrative As Economy, Stock Market Implode / Warning: You May Be Next: 400,000 People Just Had Their Pensions Cut By 50%: “Going to Happen To The Rest Of Pensions in the United States” / The US Economy Is Sinking Fast, And More QE Will Not Help / CHINESE ATTEMPTING TO BUYOUT U.S. WEAPONS MANUFACTURER TEREX / ◾Obama Set to Settle Score against Oregon Sheriff Outspoken on the Second Amendment / CLERGY RESPONS TEAM AD ON CHRISTIAN RADIO IN VANDALIA OHIO / Bets On The Fed Going 'Negative' Are Soaring / ‘It will destroy my business’: Oregon Small Business Owners Protest Minimum Wage Increase / ◾NO WARRANT RAIDS- CONSTITUTION ALL BUT GONE- IT’S TIME / ◾Here's your Obamacare: Hospitals now demanding patients pay up front before receiving treatment / 400,000 People Just Had Their Pensions Cut By 50%: “Going to Happen To The Rest Of Pensions in the United States / We've Reached The Limit": Denmark Central Bank Chief Says Monetary Policy Is Exhausted

Corporate defaults are on rise — 3 just this week
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Zika-hit Puerto Rico prepares to import all of its blood supplies...
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When Cash Is Outlawed... Only Outlaws Will Have Cash
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Japan Goes Full Goebbels: Government Cracks Down On Media Over Negative Economic Reporting
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Obama Spends Less Than 2 Minutes At Scalia’s Wake
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The Global Oil Glut Is So Great, Tankers Take The Long Route Around Africa To Find A Buyer
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China Fires Stock Regulator, Scrambles To Regain Narrative As Economy, Stock Market Implode
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In 2014 a new Federal law made it possible for pension funds to cut benefits for their recipients. Much to the protest of pensioners, the government and numerous unions supporting the change cited pension plans that were in imminent danger of collapse, saying that the only way to save the funds was to cut benefits to potentially millions of recipients. Six months later, the U.S. Supreme Court took things a step further when they opined that the government has the right to fully seize 401(k) and pension funds that were being poorly managed.
Of course, most Americans were either not paying attention or completely ignored the ramifications of the new rules set forth by their government because, well, anyone who talks about the potential for a collapse of pension funds or the economy is, as President Barack Obama so eloquently noted in his recent State of the Union Speech, “peddling fiction.”
Except in October of last year the canary in the coal mine fell over and died when Illinois announced that the State was posting pension payments because it ran out of money.
Fast forward a few more months and things have been taken to the next level. The Central State pension fund in Kansas became the first such fund to take advantage of the 2014 law as 400,000 Americans who depend on their monthly pension income to pay for such things as their mortgage, groceries and medical expenses saw an average of $1,400 per month sliced of their monthly benefits.

Dale Dorsey isn’t happy.

After working 33 years, he’s facing a 55% cut to his pension benefits, a blow which he says will “cripple” his family and imperil the livelihood of his two children, one of whom is in the fourth grade and one of whom is just entering high school.

Dorsey attended a town hall meeting in Kansas City on Tuesday where retirees turned out for a discussion on “massive” pension cuts proposed by the Central States Pension Fund, which covers 400,000 participants, and which will almost certainly go broke within the next decade.

“A controversial 2014 law allowed the pension to propose [deep] cuts, many of them by half or more, as a way to perhaps save the fund,” The Kansas City Star wrote earlier this week adding that “two much smaller pensions also have sought similar relief under the law, and still more pensions are significantly underfunded.”

And if you think this is the end of it, consider the words of long time teamster member Jay Perry who says the writing is on the wall:

“What’s happening to us is a microcosm of what’s going to happen to the rest of the pensions in the United States”

It was all fun and games during the boom times when governments and companies promised pensioners exorbitant retirements based on an unlimited growth rate model. Now reality is setting in.

And keep in mind that this is just the first part of the coming retirement fund destruction. As we noted above, the Supreme Court ruling gives the government the “right” to step in and seize these underperforming funds.

So, the first step is to give pension funds the ability to cut benefits, which we are seeing now and will continue to see going forward as funds all over the country struggle to keep the benefits flowing. Next, the government will identify these funds as under-performing and mismanaged, at which point they will outright seize the entire industry just as they did with health care.

The pain is coming, America. You’d better be prepared to deal with the fallout.

Warning: You May Be Next: 400,000 People Just Had Their Pensions Cut By 50%: “Going to Happen To The Rest Of Pensions in the United States”
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The US Economy Is Sinking Fast, And More QE Will Not Help

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CHINESE ATTEMPTING TO BUYOUT U.S. WEAPONS MANUFACTURER TEREX

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New batch of Hillary emails reveal 1730 contained classified material
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'I wonder if Obama would have attended if it were held at a mosque?': Trump calls out President for not attending Scalia funeral
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Obama Set to Settle Score against Oregon Sheriff Outspoken on the Second Amendment 

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CLERGY RESPONS TEAM AD ON CHRISTIAN RADIO IN VANDALIA OHIO

Hey Steve,
I was listening to K-Love (local Christian radio station) and at 5:30am this morning they had an advertisement for "crisis response training." They described it as receiving training for "a national scale emergency or crisis in your own home." Basically clergy response teams. This lines up with what you, Dave Hodges, and Pastor Walt Mansfield have been talking about for years! The website link they gave was "crisisresponse.org" and obviously at the bottom is the fema logo. Very disturbing because I know of churches in my area that are a part of clergy response teams and I believe the wording they used for them was "mercy teams" or something to that effect. Asking people to disarm and await genocide in a FEMA camp is not too merciful to me...

Thanks for all you do,
Nick Vandalia is known as "the crossroads of America" because it is where I-75 and I-70 intersect (i.e. your alert about highways used for military travel) I witnessed two black hawk helos practicing touch and go's in a grass field this summer back in August during Jade Helm 15 so I believe the airport could possibly be an important staging grounds once shtf. NICK S

 

If you are a supporter of K-LOVE you need to read this (CLERGY RESPONS TEAM AD ON CHRISTIAN RADIO IN VANDALIA OHIO) Goverment in control of the churches - inturn controling the people (-always think for yourself the majority is not always right-)

http://www.stevequayle.com/index.php?s=33&d=1708

http://www.crisisresponse.org/
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Bets On The Fed Going 'Negative' Are Soaring
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BREAKING: ARABS NOW HAVE NUKES Saudi Arabia admits to having nukes!
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 Backing Infowars May Soon Be Considered “Material Support” of Terrorism
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SC Exit Poll: 75 Percent Agree With Trump’s Muslim Ban
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‘It will destroy my business’: Oregon Small Business Owners Protest Minimum Wage Increase
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NO WARRANT RAIDS- CONSTITUTION ALL BUT GONE- IT’S TIME 

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HERE COMES THE TOTALITARIAN STATE-THE PLOT TO KILL THE $100.00 BILL:Larry Summers, the father of NEGATIVE INTEREST RATES, is so against a free society and looks upon us as dumb cattle to be herded and corralled for his pleasure
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Chinese banks freeze N.Korean accounts- S.Korean media report
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Here's your Obamacare: Hospitals now demanding patients pay up front before receiving treatment
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Widespread starvation, food scarcity in Venezuela, inevitable result of socialist economic policies which end in price controls, scarcity and mass famine
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Russia Increases Gold Reserves by 700,000 Ounces in January Economic Policy Journal - After adding 6,700,000 ounces (208 tonnes) of gold to her reserves in 2015, the Central Bank of the Russian Federation announced today that it had added another 700,000 ounces of gold (21.77 tonnes) to its reserves in January 2016. The report indicated that Russian gold reserves increased by 700,000 ounces from its December 2015 report to 46.2 million ounces (1,436.98 tonnes). Since 2009 Russia has added more than 813 tons of gold to its reserves more than China who added (724 tons) during the same time period. Russia has been rebalancing its foreign reserves to favor gold vs. U.S. Treasury Bonds. Russia’s gold buying binge had coincided with a steady sell off of her U.S. Treasuries.... A wise move given that the global is saturated with US dollars and US Treasury securities and there is no doubt a collapse for both ahead.
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400,000 People Just Had Their Pensions Cut By 50%: “Going to Happen To The Rest Of Pensions in the United States”Activist Post - In 2014 a new Federal law made it possible for pension funds to cut benefits for their recipients. Much to the protest of pensioners, the government and numerous unions supporting the change cited pension plans that were in imminent danger of collapse, saying that the only way to save the funds was to cut benefits to potentially millions of recipients. Six months later, the U.S. Supreme Court took things a step further when they opined that the government has the right to fully seize 401(k) and pension funds that were being poorly managed.... The Central State pension fund in Kansas became the first such fund to take advantage of the 2014 law as 400,000 Americans who depend on their monthly pension income to pay for such things as their mortgage, groceries and medical expenses saw an average of $1,400 per month sliced of their monthly benefits.
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We've Reached The Limit": Denmark Central Bank Chief Says Monetary Policy Is Exhausted