90% Of All Americans Over 60 File For Bankruptcy

ONE IN 10 PEOPLE OVER 60 FILE FOR BANKRUPTCY EVERY YEAR

IS THIS WHAT YOUR RETIREMENT PLAN STATES - BANKRUPTCY EVERY 8 YEARS?

(88) 90% Of All Americans Over 60 File For Bankruptcy - YouTube

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One in ten Americans over 60 are filing for bankruptcy

You can now file for bankruptcy only every 8 years.

What this means is that once you reach 60 you have a 90% chance of filing for bankruptcy.

This means that out of every 100 grand-dads and grand-ma’s 90 are absolutely broke.

A recent survey of adults in America found that about half could not come up with $500 Cash in an emergency.

Almost 100% of this is caused by High Medical Bills.

Is this our legacy - is this your retirement - bankruptcy?

Did you work all your life so you can be bankrupt because of a 2 or 3 day hospital stay?

Ronnie - my 42 hour stay in the Hospital ran over $90,000 - that’s over $2,000 an hour, or about $35 a minute. My 2 trips to the hospital over the last 14 months has run almost $500,000.

Each doctor’s visit is over $300 per visit.

And now we are seeing almost all Americans leaving a legacy of being bankrupt.

The less we stay in the hospital, the less we see the doctor the better off we will be.

What can we do to help ourselves stay away from the doctor???

RONNIE MULLEN, AUTHOR OF 3 BOOKS, RADIO TALK SHOW HOST AND COMPANY OWNER DISCUSSES WHAT WE CAN DO TO AVOID THE HOSPITAL.
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REFERENCES:

Even With Insurance, Americans Can't Afford Their Medical Bills - The Atlantic





More older Americans are filing for bankruptcy during retirement - Business Insider

US Bail Ins have begun

A local judge ruled a few weeks ago that all GM pensions are no longer good. What you are about to read is happening all across

America

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I have been concerned about this for years.  Your pensions CAN BE robbed when they are in company hands.  Heck, the government can (unlawfully) take your pensions.  People should not be dependent on pensions or social security.  Social security was never intended to totally support you in your retirement years.  It was meant to be a crutch only.  Your retirement should be in something tangible like gold, silver, real estate, etc.  Stocks (may as well go to Vegas) or anything paper can be gone with a key entry.  Pay attention!! 

 

 

 

So we've been waiting to see how the new "Bail-In" plan will roll out in the USA ever since we saw it happen in Cypress. Now we've got our answer!

 

Judge: Detroit Pensions Can Be Cut in Bankruptcy

http://blogs.marketwatch.com/encore/2013/12/03/detroit-pensions-can-be-cut-in-bankruptcy/

 

"U.S. Bankruptcy Judge Steven Rhodes ruled today that Detroit is eligible to file for Chapter 9 bankruptcy protection. That ruling clears the way for the city, the largest ever to declare bankruptcy, to restructure its $18 billion in debt. And, in a move that's sure to be closely watched by other struggling municipal governments, Rhodes ruled that the city's public-sector pensions could be reduced as part of that restructuring. Rhodes said in a summary of his ruling that Michigan's state constitutional protections for pensions "do not apply to the federal bankruptcy court."

 

END

 

So what's the big deal? 

 

This: In the "Bankruptcy Reform Act of 2005" the banksters got the US Congress to pass a law classifying repos and derivatives as secured assets with "super-priority" in bankruptcy.  Pensions are classified as unsecured assets so the pensioners are paid AFTER the banksters. Basically,  the current assets in the Pension Accounts will be used to payoff the Banksters derivative cons.

 

That my friends...is the new Bail-In!

 

Will the People of Detroit take this lying down?

 

I doubt it. They will not accept losing everything they worked for their whole lives to these thieving robber barons. They will take to the streets with "modern day torches & pitchforks"...as we all should.

 

Lock your doors Banksters...Let the Revolution Begin!

 

May the Road you choose be the Right Road.

 

Bix Weir

www.RoadtoRoota.com

America.