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Entries in Ponzi Scheme (2)


PERA holdings top $13 Billion! Where is the other $28 Billion???

VetTheGov checked the recent PERA filings via Securities & Exchange commission website to see their recent quarterly update report on January 24. 2012. The report shows stock holdings with 2443 publicly held companies with current value of $13.1 Billion. Yet Colorado PERA shows over $41 Billion in assets on their 2010 Annual Financial report. Yes read the fine print and the grand total includes 401K's, 457's, Deferred Comp plans, Health Care Trust funds, and a life insurance reserve. Are they allowed to show public employee funded private accounts as assets??? No breakdown of exactly how much is appropriated to any of these funds but you as the taxpayer are on the hook for any promises they make or claim. The scary part of this is that the health care trust funds both show a funded ratio of ONLY around 17% on page 3 of the annual report which means there can't be much in these funds! The entire PERA fund is only 66% funded to total liabilities with the biggest claim of a whopping 14% return on investments! Are they getting inside trader information???

It appears PERA uses smoke-screens in their funding numbers by adding in additional trust funds used to offset healthcare cost to its members. It allows for members that may or may not qualify for Medicare to receive an additional subsidy between 115.00 to 230.00 monthly depending on status and years of service. There is currently a bill being introduced in this years legislation that is seeking to strike certain language from it. See HB12-1250 here. PERA opposes this bill probably because it impacts over 37,000 that currently receive the subsidy! Click here to see all the PERA legislation this year alone!!! Why so much legislation for a fund we always hear is doing so well???

On page 7 in the annual report you notice their top 10 stock picks for 2010 but in their latest filing VetTheGov has their current top 10.

  1. Bank of America-10.3 Million shares Political givings
  2. GE-8.2 Million shares Political givings
  3. Pfizer-6.9 Million shares Political givings
  4. AT & T-5.6 Million shares Political givings
  5. Wells Fargo-5.1 million shares Political givings
  6. Oracle-4.7 Million shares Political givings
  7. Cisco-4.3 Million shares Political givings
  8. Exxon-4.2 Million shares Political givings
  9. JP Morgan Chase-4.0 Million shares Political givings
  10. Comcast-3.4 Million shares Political givings

Honorable Mention over 2 Million shares: Merck, Newscorp, Citigroup, Altria Group, Chevron, US Bancorp, Morgan Stanley

Notice a theme with the banks? Remember these are your private industry tax dollars funded directly into large corporations and you must take notice of the bailout related companies in the top 10! If you recall the great Ponzi schemes they all have the same indications of promises made by PERA. Promises of 8% returns annually and a check always showing up monthly on time so you never worry! If the government runs out they simply add more to the system by increasing the debt limit, find clever ways to increase taxes and fees, and poof your PERA check still arrives! In the meantime your retirement accounts are funding Oil & Gas companies, Big Banks, Pharma Companies, and Big News media outlets that continue the smoke & mirrors game to keep you guessing, confused, divided and owned! 

If the bailout monies were never delivered the whole scheme would have imploded. Big question is how many workers in the public and private sector does this scheme employ??? Is this why government feels the necessity to create a new green marketplace??? Is this why Big Government and politicians campaign about job creation all the time??? What about your tax dollars funding Big Unions and Big Media outlets??? What about your tax dollars funding Politicians you don't even like??? If you go to VetTheGov's earlier story on who these Big Corporations give to politically, you must ask what are they protecting??? They are protecting the biggest SCAM ever invented and where no one ever goes to prison and the PEOPLE stay enslaved without a clue unless of course you join the SCAM or figure a way to the top of the pyramid like a job in DC or high up in the ranks of a financial institution like Goldman Sachs or a Big Corporation like GE that don't pay any taxes just really enjoy taking them!

Look below and see if you can follow the scheme! At least following your tax dollars all the way to the President and the President's men appointed to the Federal Reserve might clear up a few things. If you look all the way through PERA's holdings you will find most of the companies listed below. 

When you follow the money trail or attempt to decipher it is no wonder our government, corporations, and media outlets try to keep the masses divided in order to keep the Scheme from imploding! Stay tuned for more updates in the near future! 


Retired and giving politically to save their Social Security & Medicare benefits that resemble Ponzi Schemes!

When discussing federal elections and state elections did you know that Retired individuals give more money to political candidates than any other industry? In the 2008 election cycle Retirees contributed almost $279 Million to federal level candidates and PAC's. This money has slightly favored republicans but not by much. We keep hearing the word REFORM when we discuss Social Security, Medicare, and Pensions but with so much money being dumped into the federal election cycle can we expect changes anytime soon? Will the politicians that accept and go after these donations and answer the questions from retirees about saving their entitlements actually renege on their promises to not touch the locked box?

VetTheGov looked into a recent 2010 election cycle for Colorado District 3 House race between incumbent John Salazar and challenger Scott Tipton. The winner Scott Tipton received $154,183.00 from retired individuals while John Salazar received $45,119.00. However over Salazar's entire CD-3 career received $215,692.00 from retirees. Here is where issues get sticky for politicians and headline media reporting. Look at this article during the Salazar/Tipton race and watch how each side plays the game. Both sides know how emotional a debate entitlements are especially when Seniors are involved and knowing they contribute heavily to protect unsustainable government promises from years ago. Campaigns are filled with the dreaded questions about privatizing Social Security all the way to what are you going to do to protect a government promise.

After 75 years here is President Obama's proclamation to those waiting for or soon to receive their Social Security checks. See the President's agenda in regards to Social Security & Medicare. It's an absolute shame to see how our government has created so much dependency upon itself that no one has even realized what happened other than the needed correction bailouts. This trend continues forward with the youth in America under the mask of At-Risk school breakfast and lunch programs that here in Mesa County accounts for almost half of current students enrolled not to mention all the other giveaways and redistribution models in place locally.

What's at stake? Well for the Retired individuals it's about getting back what they paid in and were promised, and for the politicians its about promising to keep an unsustainable program in place for votes, money, and political party power. What about the current workforce and future generations? Well let's just say it doesn't look pleasant! Our kids, grandkids, and great grandkids are going to pay into a scheme that will never pay anything back. Future generations have over $14 Trillion of government debt that is insurmountable to overcome with another $2 Trillion or more once congress agrees to raise the debt ceiling. Retirees have been promised and the government knows if they break their promises there will be hell to pay so they just continue forward and hope something changes like a major plague or end times. Want to have an interesting discussion? Bring up privatizing Social Security with Seniors or entitlements altogether! Watch the venom spew if you mention the word REFORM and the fact that they might never see the money they paid in. Ponzi scheme 101!

Wake up call! Nothing the government promises now or in the future will change the current course. Please don't worry because our government always has your best interest at heart and it's ready to meet your every need. Keep enjoying all the smoke and mirrors from both parties as they lead us down the highway to hell, higher taxes, and living your life day to day under government control because no one has the guts to do what is necessary and talk is cheap! VetTheGov hopes you understand the consequences of out of control spending and the results by such behavior. The video below is a much watch! Thanks for tuning in!