Skip to comments.(European) Commission plans to tap pension funds to kickstart business
Posted on 03/29/2014 12:09:51 AM PDT by Olog-hai
Tapping pension funds and encouraging online crowd funding are at the heart of plans unveiled by the European Commission to kickstart business investment.
Speaking on Thursday (27 March), financial services commissioner Michel Barnier said the Commissions blueprint on long-term financing published the same day was needed to further encourage alternatives to traditional bank lending which remains stagnant more than five years since the start of the financial crisis.
Our financial system must regain and increase its ability to finance the real economy, he said, adding that we need to diversify financing sources in Europe and improve access to finance for small and medium sized enterprises.
(Excerpt) Read more at euobserver.com ...
Sure and they will skim 20% off the top for “Administration fees”
Blaitantly robbing you on the street
Likely they will become very aggressive with “end of life counseling” in their public health systems. Within 10 years seniors over 70 who aren’t members of the governing elites are going to be challenged to stay very healthy on their own in order to hang onto life in most western countries. Reducing the “unproductive” elderly population will be necessary to control the cost of maintaining the welfare state. Dead seniors do not draw pensions or use services.
Been predicting this for forty years now.
No way were they going to pay our Social Security.
“No way were they going to pay our Social Security.”
For the US it is much much more than not paying Social Security and reducing Medicare costs. The big money is in siphoning off the accumulated assets of retirees.
Obamacare and Medicaid already have provisions for estates of the deceased to reimburse the government for medical expenditures incurred by the deceased. Obama’s tax hikes increased estate taxes and after the 2016 elections expect strong pressure to lower the amount exempt from estate tax and increase the percentage tax applied. There will also be a strong and relentless propaganda campaign to prepare the population to accept confiscatory estate taxes. After all it just isn’t fair for some people to have the advantage of inherited money when the poor and minorities don’t. The increasing drumbeat of “white privilege” articles in the media, and think tank papers, suggests we will see moves to eradicate that privilege in the name of fairness. What better way to make the playing field even than to end the ability of the privileged to pass accumulated wealth within the family to the next generation? Far better for the government to equitably distribute the money to the underprivileged through social programs.
I suspect much of the aggressive pushing of “pro choice” by the Marxists is more about conditioning the population to accept the killing of selected segments of the population than it is about protecting women’s rights. Euthanasia is the next frontier of government population control and will be aggressively pursued by the left once they put down the pro life movement and get homosexual marriage to be universally legalized and accepted.
The elderly population in this country is very “white” and one of the clear goals of the left is to eliminate the white majority in order to realize a society where minorities are no longer oppressed by “white privilege”. Reducing the lifespan of the white elderly by restricting health care options and aggressively encouraging “voluntary” end of life decisions through aggressive counseling is another way to move up the day when white Euro-Americans no longer comprise a large enough voting block to resist the socialist state.
Europe is ahead of us in the road to the benevolent totalitarian state. We only have to look at what is happening there to understand where the left in the US is going once they obtain complete control over the healthcare system. It is clear the next targets will be elderly population management and seizure of the pensions and savings of the elderly.
Follow the money. There is $16 trillion in the IRA and 401K accounts of the American middle class. This is slightly less than the accumulated federal deficit. Probably an equal amount or more exists in the non tax deferred investment accounts and physical assets (home equity, automobiles) of the retiring middle class. This is too much wealth for the social engineers to leave in the hands of individuals to allocate and manage, particularly when the needs of society are so great.
Collectivism is always just sheep's clothing for the despotic wolf.
When the government becomes racist, evil reigns.