Connect with us

Community News

The Pension Problem – Canadian Pension is a disaster waiting to happen

Published

on

BY MICHAEL THOMAS

“The reason why there is so much pressure on Europe and Germany in particular, and we learned this from interviewing two former investment bankers, is because Europe is completely broke. The European Central Bank is completely broke, and the European Pension Fund is completely empty,” said Dr. Reiner Fuellmich.

“If people find out about this,” Fuellmich said, “that there may be a problem with their pension, then of course, they will know who is responsible it is the “Davos clique,” it is the Great Reset people, so they are keeping us under a lot of pressure so we won’t find out, and they are hoping that as many people as possible would get vaccinated by the fall.

They are also hoping that those vaccinated at that point probably won’t be able to defend themselves anymore.”

Those are the words of international trial lawyer Dr. Reiner Fulllmich, a man who has successfully sued large fraudulent corporations like Volkswagen and Deutsche Bank. His worldwide network of lawyers has listened to a hundred experts from every field of science. They have collected undeniable evidence that the Covid pandemic is in fact a planned criminal operation.

Pension plans for some people have long been a guessing game, but at present, even those who believe that they are on the safe ground from a pension point of view in Canada could soon find out otherwise.

The Canadian Federation of Independent Business (CFIB) published its first instalment of research, and the picture is not exactly a pretty one for would-be pensioners at all.

In short, here is what the research found. “Canada’s pension system is a disaster waiting to happen. Public sector pension plans at all levels of government are massively underfunded which will demand higher taxes and strain Canada’s economy.

There is also a widening pension gap between Canadians in the public sector and those in the private sector. This will create resentment as more and more public servants retire earlier and more comfortably than anyone else in society. Continuing on this track is unsustainable and unfair. Major reforms are clearly needed.” 

In detail, this research discovered that it was not exactly easy to get government records on pension plans, and that whatever they obtained was not put together in very understandable terms at all.

The research also discovered that the figures highlighted were not sound but were more predictions based on what could happen with investment funds as opposed to what was in cash.

This in turn left the researchers to question how Canada’s government plans to doll out the pension of most of its public servants, and some of the answers could be as simple as off the backs of the working class, by raising taxes, higher contributions from government employees, reduced pension benefits for government retirees, lower inflation/wage growth, or higher fund rates of return.

The fifth path is impossible for fund managers to control, barring a magical resurgence in fund earnings; the burden will ultimately fall on taxpayers and government employees.

The pension problem is universal it seems, across the border in the US Jonn Mauldin a financial writer, publisher, and New York Times bestselling author had this to say of the American pension plan.

“A decade ago, I pointed out that public pension funds were $2 trillion underfunded and getting worse. More than one person told me that couldn’t be right. They were correct: It was actually much worse. It has gotten to $2 trillion and much worse in just a few years.”

Again, just like the Canadian research team found out, Mauldin spoke of how the pension plan in the US is based on assumption too.

“Almost all public pension funds assume investment returns somewhere around 7% and some as high as 8%. That’s highly unlikely due to the debt we’ve accumulated, and debt is a drag on future growth.”

He concluded by saying, “The most common solution to this problem so far has been cutting services in the hope no one notices.”

When David Payne, the Staff Economist for The Kiplinger Letter and a NABE-certified Business Economist was asked how big the pension problem is he said, “Only three states have fully funded pension funds: Oregon, South Dakota, and Wisconsin. 

The rest of the states are partially funded, some very low, some medium, and some a bit more reasonable, so always have a contingency plan in case benefits are cut,” Payne advised.

American Enterprise Institute resident scholar Andrew G. Biggs believes that this was a long time coming. “The coronavirus wasn’t predicted, but for years, outsiders have warned that public-sector pensions have contributed too little, taken too much investment risk, and failed to enact sufficiently far-reaching reforms. It was only a matter of time before something went wrong.”

Back at home here in Canada, when one looks at the kind of pension the average Canadian MP takes home annually it’s almost like comparing a dog to an elephant, with the pittance the average taxpayer gets after working until age sixty-five or older.

Here are a few of the Canadian “fat cats” and the pension lane that they are running in.

  • Steven Blaney: annual pension = $101,000; pension to age 90 = $4,404,300
  • Wayne Easter, annual pension = $138,400; pension to age 90 = $2,805,800
  • Peter Kent, annual pension = $100,500; pension to age 90 = $1,282,300
  • Geoff Regan, annual pension = $147,400; pension to age 90 = $5,159,000

As if this was not enough, members of parliament received two pay raises during the last year and a half, ranging from an extra $6,900 for a backbench MP to $13,800 for Justin Trudeau.

Voices like the CTF Canadian Taxpayers Federation are calling for politician’s pay and pension reform, in light of the $1-trillion federal debt. Reforms should include transitioning the MP pension plan to a matching RRSP-style pension, ending severance payments, and “paying back” the pandemic pay hikes.

Below is a list of defeated or retired Canadian MPs and what they stand to gain or are receiving in terms of pension and severance calculations from the taxpayers.

http://www.taxpayer.com/media/2021-MP-Pension-Severance-CTF.pdf

It is extremely important to remember that while all this is happening with Canadians from a pensioner’s point of view, Canadians who refuse to be a part of the FVS (Fake-Vaccination Scheme) may not have any pensions to receive whatsoever if the government gets their way.

Just recently, Canada’s Prime Minister came on television and outlined several things that the average un-injected Canadian will no longer be able to participate in if he gets his way.

Can anyone imagine working most of your life for a company, or the government only to lose the security that you have not only worked for but also paid into?

Time to start asking our government some questions; it may not matter to some of you now, but at some point, it will.

In his new role as a reporter and Journalist, Michael can he be described in two words: brilliant, and relentless. Michael Thomas aka Redman was born in Grenada, and at an early age realized his love for music. He began his musical journey as a reggae performer with the street DJs and selectors. After he moved to Toronto in 1989, he started singing with the calypso tents, and in 2008, and 2009 he won the People’s Choice Award and the coveted title of Calypso Monarch. He has taken this same passion, and has begun to focus his attention on doing working within the community.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Community News

Forgetting isn’t just something to be annoyed about, it’s a smart way to survive

Published

on

Photo credit - Press Foto

BY KHADIJA KARIM

Have you ever forgotten someone’s name, or where you left your phone and thought, “Why can’t I remember anything?” Forgetting might feel frustrating, but it turns out that forgetting things can actually be good for you. Experts believe forgetting might be an important part of human survival and could even have benefits.

You probably think that remembering everything would be better, right? If you remembered every tiny detail, like what you had for breakfast three weeks ago, or the colour of every car you saw today, you would be overwhelmed. Our brains are constantly receiving information, and if we didn’t forget some of it, we wouldn’t be able to focus on what really matters at that time.

Forgetting helps you clear out information you don’t need, and it helps your brain remember the most useful memories. Think about how hard it would be to focus on important things if your mind was filled with random thoughts. Forgetting helps you stay focused and keeps your mind from getting lost.

So, why would evolution make us forget things? Early humans had to deal with dangerous environments that changed quickly. They needed to remember things that helped them survive, like where to find food, or how to avoid predators. They didn’t need to remember every small detail, like what happened last week. Forgetting information, they didn’t need allowed them to make quick decisions based on what was most important at that moment in time.

For example, if you remember a recent storm, you might make sure to stay inside or find shelter. If you remembered every storm you’d ever seen, it would be harder to make decisions about the present. Forgetting irrelevant details helps you stay on your feet and helps you react faster to new situations. This ability to forget likely helped early humans survive and make better decisions in their everyday lives.

Next time you forget something, don’t be too hard on yourself! Forgetting is a natural part of how our brains work and can actually help you stay focused on the important things. It might seem annoying at times, but it’s helping you make better decisions. Forgetting isn’t just something to be annoyed about, it’s a smart way to survive in a world that’s always changing!

Continue Reading

Community News

Blink equity dives deep into the gap between people of colour and decision-making roles in Canadian law firms

Published

on

Photo Credit: AI Image

BY ADRIAN REECE

Representation in the workforce has been a topic of conversation for years, particularly in positions of influence, where people can shift laws and create fair policies for all races. Representation in the legal system is an even more talked about subject, with many Black men being subjected to racism in courts and not being given fair sentencing by judges.

The fear of Black men entering the system is something that plagues mothers and fathers as they watch their children grow up.

Blink Equity, a company led by Pako Tshiamala, has created an audit called the Blink Score. This audit targets law firms and seeks to identify specific practices reflecting racial diversity among them in Toronto. A score is given based on a few key performance indicators. These KPIs include hiring practices, retention of diverse talent, and racial representation at every level.

The Blink Score project aims to analyze law firms in Ontario with more than 50 lawyers. The Blink Score is a measurement tool that holds law firms accountable for their representation. Firms will be ranked, and the information will be made public for anyone to access.

This process is ambitious and seeks to give Canadian citizens a glimpse into how many people are represented across the legal field. While more and more people have access to higher education, there is still a gap between obtaining that higher education and working in a setting where change can be made. The corporate world, at its highest points, is almost always one race across the board, and very rarely do people of colour get into their ranks. They are made out to be an example of how anyone from a particular race can achieve success. However, this is the exception, not the rule. Nepotism plays a role in societal success; connections are a factor, and loyalty to race, even if people are acquainted.

People of colour comprise 16% of the total lawyers across the province. Positions at all levels range from 6% to 27%. These numbers display the racial disparity among law practitioners in positions of influence. Becoming a lawyer is undoubtedly a huge accomplishment. Still, when entering the workforce with other seasoned professionals, your academic accolades become second to your professional achievements and your position in the company.

What do these rankings ultimately mean? A potential for DEI-inclusive practices, perhaps? That isn’t something that someone would want in this kind of profession. This kind of audit also opens law firms up to intense criticism from people who put merit above all other aspects of professional advancement. On the other hand, there is a potential for firms to receive clientele based on their blink score, with higher ones having the chance to bring in more race-based clients who can help that law firm grow.

It is only the beginning, and changes will undoubtedly be made in the legal field as Blink Equity continues to dive deep into the gap between people of colour and decision-making roles in these law firms. This audit has the power to shift the power scale, and place people of colour in higher positions. There are hierarchies in any profession, and while every Lawyer is qualified to do what they are trained to do, it is no shock that some are considerably better than others at their jobs. The ones who know how to use this audit to their advantage will rise above the others and create a representative image for themselves among their population.

Continue Reading

Community News

“The Pfizer Papers!” Documentation of worldwide genocide

Published

on

BY SIMONE J. SMITH

We are living in a world where promises of health and safety came packaged in a tiny vial, one injection was promoted by powerful governments, supported by respected institutions, and championed by legacy media worldwide. Sadly, beneath the surface, a darker truth emerged.

Reports from around the globe began to tell a different story—one that was not covered in the news cycles or press conferences. Families torn apart by unexpected losses, communities impacted in ways that few could have foreseen, and millions questioning what they had been told to believe.

Those who dared to question were silenced or dismissed (the Toronto Caribbean Newspaper being one of those sources). “Trust the science,” we were told. “It’s for the greater good.” As time went on, the truth became impossible to ignore.

Now, I bring more news to light—information that demands your attention and scrutiny. The time to passively listen has passed; this is the moment to understand what’s really at stake.

I reviewed an interview with Naomi Wolf, journalist and CEO of Daily Clout, which detailed the serious vaccine-related injuries that Pfizer and the FDA knew of by early 2021, but tried to hide from the public. I was introduced to “The Pfizer Papers: Pfizer’s Crimes Against Humanity.” What I learned is that Pfizer knew about the inadequacies of its COVID-19 vaccine trials and the vaccine’s many serious adverse effects, and so did the U.S. Food and Drug Administration (FDA). The FDA promoted the vaccines anyway — and later tried to hide the data from the public.

To produce “The Pfizer Papers,” Naomi, and Daily Clout Chief Operations Officer Amy Kelly convened thousands of volunteer scientists and doctors to analyze Pfizer data and supplementary data from other public reporting systems to capture the full scope of the vaccines’ effects. They obtained the data from the Public Health and Medical Professionals for Transparency, a group of more than 30 medical professionals and scientists who sued the FDA in 2021 and forced the agency to release the data, after the FDA refused to comply with a Freedom of Information Act request.

It was then that the federal court ordered the agency to release 450,000 internal documents pertaining to the licensing of the Pfizer-BioNTech COVID-19 vaccine. The data release was significantly and the documents so highly technical and scientific that according to Naomi, “No journalist could have the bandwidth to go through them all.”

The “Pfizer Papers” analysts found over 42,000 case reports detailing 158,893 adverse events reported to Pfizer in the first three months The centerpiece of “The Pfizer Papers” is the effect that the vaccine had on human reproduction. The papers reveal that Pfizer knew early on that the shots were causing menstrual issues. The company reported to the FDA that 72% of the recorded adverse events were in women. Of those, about 16% involved reproductive disorders and functions. In the clinical trials, thousands of women experienced: daily bleeding, hemorrhaging, and passing of tissue, and many other women reported that their menstrual cycle stopped completely.

Pfizer was aware that lipid nanoparticles from the shots accumulated in the ovaries and crossed the placental barrier, compromising the placenta and keeping nutrients from the baby in utero. According to the data, babies had to be delivered early, and women were hemorrhaging in childbirth.

Let us take us to another part of the world, where research has been done on other pharmaceutical companies. A group of Argentine scientists identified 55 chemical elements — not listed on package inserts — in the: Pfizer, Moderna, AstraZeneca, CanSino, Sinopharm and Sputnik V COVID-19 vaccines (according to a study published last week in the International Journal of Vaccine Theory, Practice, and Research).

The samples also contained 11 of the 15 rare earth elements (they are heavier, silvery metals often used in manufacturing). These chemical elements, which include lanthanum, cerium and gadolinium, are lesser known to the general public than heavy metals, but have been shown to be highly toxic. By the end of 2023, global researchers had identified 24 undeclared chemical elements in the COVID-19 vaccine formulas.

Vaccines often include excipients — additives used as preservatives, adjuvants, stabilizers, or for other purposes. According to the Centers for Disease Control and Prevention (CDC), substances used in the manufacture of a vaccine, but not listed in the contents of the final product should be listed somewhere in the package insert. Why is this important? Well, researchers argue it is because excipients can include allergens and other “hidden dangers” for vaccine recipients.

In one lot of the AstraZeneca vaccine, researchers identified 15 chemical elements, of which 14 were undeclared. In the other lot, they detected 21 elements of which 20 were undeclared. In the CanSino vial, they identified 22 elements, of which 20 were undeclared.

The three Pfizer vials contained 19, 16 and 21-23 undeclared elements respectively. The Moderna vials contained 21 and between 16-29 undeclared elements. The Sinopharm vials contained between 17-23 undeclared elements and the Sputnik V contained between 19-25 undetected elements.

“All of the heavy metals detected are linked to toxic effects on human health,” the researchers wrote. Although the metals occurred in different frequencies, many were present across multiple samples.

I am not going to go any further with this; I think you get the picture. We have been sold wolf cookies, very dangerous ones. These pharmaceutical companies must be held accountable. I am proud of anyone who has gone after them for retribution, and have received it. Regardless, in many ways, there is no repayment for a healthy life.

REFERENCES:

https://ijvtpr.com/index.php/IJVTPR/article/view/111

https://news.bloomberglaw.com/health-law-and-business/why-a-judge-ordered-fda-to-release-covid-19-vaccine-data-pronto

https://childrenshealthdefense.org/defender_category/toxic-exposures/

Pfizer’s ‘Crimes Against Humanity’ — and Legacy Media’s Failure to Report on Them

55 Undeclared Chemical Elements — Including Heavy Metals — Found in COVID Vaccines

 

Public Health and Medical Professionals for Transparency

FDA Should Need Only ‘12 Weeks’ to Release Pfizer Data, Not 75 Years, Plaintiff Calculates

Judge Gives FDA 8 Months, Not 75 Years, to Produce Pfizer Safety Data

Most Studies Show COVID Vaccine Affects Menstrual Cycles, BMJ Review Finds

Report 38: Women Have Two and a Half Times Higher Risk of Adverse Events Than Men. Risk to Female Reproductive Functions Is Higher Still.

 

Continue Reading

Trending