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

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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.

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Before we allow more people into the country, shouldn’t we prioritize the well-being of our citizens first?

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Stock Photo/FreePik

BY SIMONE J. SMITH

Greetings esteemed citizens of Canada. I am deeply troubled by a pressing issue that demands our attention. It pertains to our immigration policies and the welfare of our citizens.

I am bewildered by the continued influx of immigrants into our country while we struggle to adequately care for our own citizens. Take, for instance, a drive through Toronto, or a drive through Hamilton—it’s a stark reminder of the dire situation many Canadians face daily. We witness homelessness, lack of access to basic healthcare, and economic hardships plaguing our communities.

Homelessness continues to be an issue in Toronto, with thousands of people experiencing homelessness on any given night. The impacts of it are complex, long lasting, and devastating for many. Homelessness affects some of our community’s most vulnerable residents and contributes to ongoing health inequities.

Toronto is also experiencing a heightened number of non-fatal and fatal opioid overdoses within the overall community, as well as within the shelter system. This is primarily due to the increasing toxicity and unpredictability of the unregulated drug supply. According to the City of Toronto, in 2023, there were 169 calls to Toronto Paramedics from Toronto shelters and respites sites in Q4 of 2023 to respond to non-fatal overdoses. Over 2023, there were a total of 796 non-fatal suspected overdoses at Toronto shelter and respite sites, representing an 11% decrease from 2022.

Higher rates of illness and premature death among the homeless population have been widely recognized, and since January 2024, there have been 28 deaths in homeless shelters. The City says that they are committed to identifying and responding in a timely manner to new and emerging issues in the shelter system.

According to Homeless Statistics in Canada, the estimated number of homeless people ranges from 150,000 to 300,000, with 25,000 to 35,000 individuals homeless on any given night. Let’s take a look at this on a national scale:

Homelessness Statistics for Canadians

  • Between 25,000 and 35,000 people are homeless on any given night in Canada.
  • Toronto has the most homeless people in Canada.
  • 62% of homeless people in Canada are males.
  • 30% of Canadian homeless come from Indigenous communities.
  • 90% of homeless shelters in Canada are in: Ontario, British Columbia, Quebec, and Alberta, and 44% of them are in Ontario alone.
  • 22% of shelters are aimed at young homeless in Canada, while 20% of people experiencing homelessness are 13-24 years old.
  • The annual cost to society is over $7 billion.
  • The Canadian Government is investing $2.2 billion over ten years to expand funding for the homeless.

Yet, for some reason, the Canadian government strongly believes that it is in the best interest of our country to continue to push for higher immigration. Yes, I overstand that immigration is a complex issue with multifaceted implications. Canada has long prided itself on its tradition of welcoming immigrants, which enriches our cultural fabric and contributes to our economic growth. The only caveat is we as Canadians need to truly understand how this is affecting us as a whole.

According to Statista, annual immigration in Canada amounts to almost 500,000 new immigrants – one of the highest rates per population of any country in the world. As of 2023, there were more than eight million immigrants with permanent residence living in Canada – roughly 20% of the total Canadian population. In a press release titled “Canada welcomes historic number of newcomers in 2022,” it is proudly written that Canada has experienced one of the fastest recoveries from the pandemic, thanks in large part to our approach to immigration.

In the press release, they state that they plan to welcome a historic number of newcomers, and IRCC has: added resources, embraced new technology, streamlined processing, and brought more processes online. They claim that these changes are all important improvements to Canada’s immigration system, which will position them well for the future. They also state that their focus is on addressing the acute labour market shortages we are facing today and building a strong economy into the future, and one thing remains certain: “Immigration is a key part of the solution.”

“Today marks an important milestone for Canada, setting a new record for newcomers welcomed in a single year. It is a testament to the strength and resilience of our country and its people. Newcomers play an essential role in filling labour shortages, bringing new perspectives and talents to our communities, and enriching our society as a whole. I am excited to see what the future holds and look forward to another historic year in 2023 as we continue to welcome newcomers,” shared Sean Fraser, Minister of Immigration, Refugees and Citizenship

I received an email from Maxime Bernier (PPC Leader), and in this email, he shared with me his thoughts. “I started talking about the perils of mass immigration years ago. The whole political and media establishment denounced me, smeared me, said I was a racist, a xenophobe, anti-Canadian. I kept telling the truth, because I care more about the future of our nation than about what these corrupt elites think of me.”

“More and more people now realize that I was right. Simone Jennifer, we need to make mass immigration the ballot box question at the coming election. When the Liberals took power in 2015, Canada’s population was only 35 million. How can we possibly integrate into our society, our economy, our housing market, our culture, the equivalent of Nova Scotia’s, or Saskatchewan’s population every few months? It’s a planned invasion. It’s a total disaster in the making.”

I understand the importance of immigration, especially because my parents are also immigrants, but before we allow more people into the country, shouldn’t we prioritize the well-being of our citizens first? How can we justify bringing more people into the country when we’re struggling to provide essential services and support to those already here?

I urge the government to reevaluate its immigration policies and ensure that they align with the needs of our citizens. We must prioritize the well-being of Canadians and work towards building a more inclusive and prosperous society for all.

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Ontario launches One Fare Program to increase accessibility and affordability of public transportation

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BY PAUL JUNOR

“We’re working with the provincial and local transit partners towards integrating transit fares across systems, making transit more affordable, and convenient as we take action to build the region’s network for the future.” (Metrolink)

Transit riders across the GTA will save $1,600 as they utilize multiple transit agencies at no extra charge. The program started on February 26th, 2024, and it allows transit riders transfer for free to commute between the TTC and other Transit agencies in the GTA, including GO Transit. All commuters need is to tap their PRESTO: card, credit, or debit in Google wallet to save money with the Ontario One Fare Program.

Ontario Premier Doug Ford states, “Our government is on a mission to keep costs down for the hardworking people of Ontario. One Fare will eliminate double fees and put $1,600 back in the pockets of transit riders. Alongside the hundreds of dollars, we’re saving for drivers by cutting the gas tax, scrapping road tolls, and eliminating the license plate sticker fee, we’re providing commuters with real tangible relief.”

The Ontario government has invested $70.5 billion in public transit that is intended to significantly improve the overall services. It is anticipated that there will be more than eight million new riders as they traverse different public transit systems. Commuters will be able to travel between: GO Transit, TTC, Brampton Transit, Durham Region Transit, MiWay, and York Region Transit.

Vijay Thanigasalam (Associate Minister of Transportation) states, “At a time when many families feel like they’re struggling to get ahead, our government is making public transit simpler, more convenient, and more affordable. Under the leadership of Premier Ford, we will continue to make historic investments in public transit and put money back in commuters’ pockets, where it belongs.”

It was in 2022 when it was announced that plans were underway between GO Transit and several transit agencies in the Golden Horseshoe Area. “The government will continue to work with municipal partners to identify opportunities to make transit more seamless for riders by harmonizing discounted fares and other measures.”

Overall, there will be an investment of $70.5 billion by the Ontario government in public transit that will go a long way in increasing affordability and accessibility of different transit systems in the GTA and Golden Horseshoe areas. The project will also involve: the Scarborough Subway Extension, the Eglinton Crosstown West Extension and the Yonge North Subway Extension, which is the largest development of any subway system in all of Canada. When completed, there will be a two-way, all-day GO train service every 15 minutes that will connect key areas in the Golden Horseshoe. It is projected to be completed by 2031.

Olivia Chow, Mayor of Toronto is totally supportive and pleased with the unveiling of the One Fare Program. She states, “Public transit should be a convenient and affordable option for getting to work, school, or running errands. Ontario’s One Fare will make it easier and cheaper to transfer between the: TTC, GO Transit, and other transit agencies. When governments continue to work together, we can make life more affordable and invest in public services families rely on, like high quality public transit that costs you less.”

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Your silence on crimes against humanity automatically makes you an accomplice

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Photo Credit: Roman-Odintsov

BY MICHAEL THOMAS

“Many people wonder: who is responsible for the process of self-destruction of human society? Today, to some extent, the responsibility falls on everyone. On some more than others, but on everyone. Why? Because people are silently accepting the current changes, which are literally crimes against humanity.”

The above is a quote from Elijah plus the Patriarch of the Byzantine Catholic Patriarchate Methodius OSBMr + Timothy OSBMr and the Secretary Bishops. Now let us examine why this quote was made using present-day society as the barometer.

A good example of this nonsense here in Canada is children having the right to choose their gender while parents are being threatened with jail time if they intervene. It’s these so-called hate speech laws, and so-called laws to keep independent thinkers from accessing worldwide news and posting it on their social media platforms.

“Parliament gets presented with an unintelligible text, which is impossible to decode. Besides, the MPs usually pass multiple laws at the same time; hence they have no possibility and time to find out what they are supposed to pass altogether,” said the Patriarch of the Byzantine Catholic Patriarchate.

Here are some of the crimes (that these so-called laws that are drafted and eventually passed) are designed to hide.

Feminization, the breakdown of family, gender ideology, and stealing children from their mothers are promoted under the term “domestic violence protection.” Make sure there are no fathers in the homes, or even if there are, he is muted, or scared of having his authority labelled as toxic masculinity.

In Norway, 70-100 stolen children commit suicide every year and the information about it is marked as confidential. In some cases, foster family is a business where children are being passed around until they are mentally bankrupt, oppressed, and eventually killed. Based on the financial status of the so-called foster parents, these cases never make the news.

We are seeing anti-discriminatory laws included in the legislation allowing mass discrimination of the majority. Systematic demoralization of children from the time they attend kindergarten is covered by the term sexual education.

“Children are robbed of their own identity by pounding in their minds that they are neither a girl, nor a boy. Consequently, they undergo hormonal therapy with a catastrophic prospect of gender-altering surgery. The society is silent about it and therefore has a shared accountability for all these crimes,” shared the Byzantine Bishops.

Some of these schools have hundreds of students. My questions are, why don’t these parents join hands and say enough is enough, instead of just one or two? Canadians, have we become a society of parents who are continually failing our children? When are we going to wake up?

Here are some of the trials our babies face daily. “Even before the child is born, mothers are forced to have it killed. Almost every mother is intimidated by having a child with so-called Down Syndrome. In reality, this is a mental terror based on lies,” said Byzantine Bishops. “As soon as the children are born, they are administered vaccines, which cause: autism, loss of immunity, loss of fertility, autoimmune diseases, cancer, etc.”

Again, where are the collective voices of our men and women saying hell no to all this? There is an enormous amount of the money that pediatricians make from the vaccines they force on these innocent children. These child doctors know full well the side effects of such vaccines, but instead, they are focused on their next: Porsche, cottage, and furnishing their high-society wives and husbands with all the luxury items, while they poison our children, and what do we do? NOTHING.

The average North American child doctor has 1,500 patients; if he or she gets most of them to take all the child vaccines, he or she is rewarded with at least $360.000. That’s way more than their annual salary. This should explain the push to vaccinate your babies at all costs. This information can be found in the BlueCross/BlueShield Doctor Incentive Booklet. Every child that gets the 24 vaccines is worth a $400 payout to that doctor.

The abuse of medicine has now become the new normal. This happens under the cover of The World Health Organization (WHO); projects are being imposed on states to reduce human population.  “We can expect the declaration of the next pseudo-pandemic followed by experimental vaccination. This not only poses a mortal danger to human life but also carries the threat of concealed chipping,” said Byzantine Bishops.

From Smartphone addiction (aka making our children braindead), the digitization of everything (aka spying on us), intervention in our food supply (aka poisoning us with GMOs), to the falsification of science for satanic agendas (aka the safe and effective COVID brew), there is no hiding place from this war that is unleashed on world citizens by corporations and so-called governments.

The big question is, are we going to give up or fight? Canadians, choose as if your life depended on it, because it does.

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