hwood007

Cramer's Stop Trading! Caterpillar's Numbers Are Devastating (6/18/09)

All the comments so far (and this one) do not do what cramer says. Perfect, use him to tell you what not to do, I do. You must learn to study the words of your enemies in order to understand what is really going on in what ever field you are working.

Pension Underfunding: The Next Earnings Shock?

There are several things that are unfunded, corporate pensions, state pensions, federal pensions, federal medicial benefite (MediCare, MedIcaid, and the drug plan. There is also social security, whcih is unfunded.

Social Security, as we know it.

Current opinion of social security by the public and media is in 2016 when social security collections are not enough to make payments, the Social Security Trust Fund will provide the difference until 2041, when some new money will be needed.

My reading of a 100 page pamphlet on social security from the American Institute for Economic Research in Great Barrington, MA, causes me to change my opinion of the solvency of social security.

I think public opinion believes a myth and there is nothing of value in the Old Age and Survivors Insurance Trust Fund (OASI) other than government IOUs. That means beginning in 2017; the USA must tax or borrow money to make some social security payments in 2017, sounds like bad news to me.

viel gluck to all,

Cramer's Mad Money - Social Insecurity (12/17/08)

you should read an article by the non-political AIER (American Institute for Economic Research. The beloved trust fund has only gov IOUs in it and by 2017, someone will need to pay more money to the feds in order to make the social lsecurity payments. You believe the story that the trust fund will make up the difference until 2041 but that is untrue. food luck to all.


On Dec 18 04:04 PM WAKEUP wrote:

> I have always recognized that Cramer is a narcissist and a blowhard.
> Add to that the fact that his financial advice is worthless. His
> personality is truly offensive to anyone who does not condone filthy,
> sneering, snarling, smug facial expressions and hostile attitudes.
> Now he has further revealed that he hates social security, a fact
> that unmasks his Nazi mentality. There is nothing wrong with social
> security, and pogues like mad dog Cramer know this. Social security
> will not go broke, as ignorant pretenders like mad dog Cramer are
> always snarling will happen. (I notice that as the years go by, their
> predictions of WHEN social security will "go broke" are pushed further
> and further into the future.) What is irking mad dog Cramer and others
> like him is that social security is actuarily sound, and will continue
> to be sound as long as premiums are kept in line with benefits, the
> very benefits that do in fact keep millions of elderly persons from
> starving, after the unsound investing schemes of people like mad
> dog Cramer have wiped out these elderly people's other savings.