Showing posts with label Laurence Kotlikoff. Show all posts
Showing posts with label Laurence Kotlikoff. Show all posts

Monday, June 8, 2015

How the Social Security System rips off Americans - Laurence Kotlikoff


Social Security Benefits Demystified With Economist Laurence Kotlikoff




Boston University economics professor and author of "Get What's Yours" explains why millions of Social Security recipients aren't getting what they're entitled to.

Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc., a company specializing in financial planning software. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff is author or co-author of14 books and hundreds of professional journal articles. His most recent books are Jimmy Stewart Is Dead (forthcoming February 22, 2010, John Wiley and Sons, Spend 'Til the End, co-authored with Scott Burns, Simon & Schuster, The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press). Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.






The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Thursday, March 19, 2015

Laurence Kotlikoff-U S Treasury Bonds One of the Riskiest Securities in the World







Where can you get a safe investment? Boston University Economics Professor Laurence Kotlikoff says, forget U.S. Treasury bonds. “I think they are one of the riskiest securities in the world because interest rates are likely to go up. I think the Fed is going to have to keep printing money because Congress isn’t paying our bills, and that’s going to lead to inflation eventually. So, I think long term Treasuries are extremely risky and they can drop 5%, 10% or 20% overnight. That could put my bank that was viewed as perfectly safe today--out of business. So, we could have inflation take off, and interest rates go up. We could have banks fail, and that could lead to runs on other banks. That’s the scenario,” says Professor Kotlikoff.
Join Greg Hunter as he goes One-on-One with Professor Laurence Kotlikoff, best-selling author of “Get What’s Yours: The secrets to maxing out your Social Security.”




The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Saturday, March 7, 2015

Laurence Kotlikoff -- Get What's Yours: The Secrets to Maxing Out Your Social Security





Professor Laurence Kotlikoff was on discussing his best selling book

Get What's Your, The Secrets To Maxing Out Your Social Security. He shows how taking simple steps can get you hundreds of thousands in benefits that you would have never gotten. It's all legal and you paid for them. Why leave anything on the table? You're going to get short-changed anyway, so get all you can, you paid in a fortune!







The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Tuesday, January 20, 2015

Laurence Kotlikoff -- Hyperinflation Not Deflation





 Dr. Laurence Kotlikoff, formerly a top economist in the Reagan Administration, thinks if things get out of control, we’ll get hyperinflation--not deflation. Dr. Kotlikoff warns, “I think it’s already gotten out of control because of the amount of money that has been printed. I don’t think anything fundamental has been done in the U.S. or Europe to address the structural issues. The banking system is in riskier shape than it was. There is nothing in the Dodd-Frank legislation that I see in terms of keeping us from anther meltdown or another run on the banks that we had before. I do worry about that, and I worry that in the U.S. we have no adult leadership in either party. . . . Social security is 33% under-financed, according to its own trustees report. . . . Our entire fiscal enterprise is about 58% under-financed, meaning we need a 58% immediate increase in our taxes to cover all the spending that we have. . . . So, the country is really broke.”




The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Sunday, September 7, 2014

Laurence Kotlikoff -- SIPC Running a Ponzi Scheme






Economics professor Laurence Kotlikoff is sounding the alarm for massive and ongoing Wall Street fraud. When there is fraud, your brokerage insurance is nearly worthless. Dr. Kotlikoff says, “Every day, we are reading about a big bank being fined billions of dollars. Recently, Bank of America had a $16 billion fine the bank had to pay for selling fraudulent securities. They know they are selling you snake oil and they are getting away with it, and nobody is going to jail. I call Wall Street, at this point, Fraud Street, and one of the biggest rackets is the SIPC (Securities Investor Protection Corporation) brokerage account insurance--it’s not really insurance. A fraud occurs and Wall Street, through SIPC, says we owe you nothing, and they sue you to get paid back. That’s what we call an insurance scam. Wall Street, through SIPC, has been running a massive insurance scam. . . . In many ways, you could say SIPC is running its own Ponzi scheme.”

Thursday, June 5, 2014

Laurence Kotlikoff : Social Security is a Ponzi Scheme

Laurence Kotlikoff: Social Security Is Grossly Unfair, Insolvent, and Needs to Be Retired




Jim welcomes back Laurence Kotlikoff, Professor of Economics at Boston University. Professor Kotlikoff has provided expert testimony on numerous occasions to the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.

Sunday, April 20, 2014

Laurence Kotlikoff -- Where Will Tapering Lead? 09.Apr.14

Professor Laurence Kotlikoff sees more and larger deficits ahead. Even though the Fed is ending Quantitative Easing and pulling the punch bowl away, there's no desire on the part of the administration or congress to get their act together. Thus, the situation will continue to deteriorate until a real disaster occurs.





Sunday, January 26, 2014

Laurence Kotlikoff -- $205 TRILLION: The Real Debt

Economist Laurence Kotlikoff joins us to discuss the REAL DEBT of the U.S. government which is now $205 TRILLION when unfunded liabilities are actually counted. We have a country "that is entirely broke, fiscally broke - it's probably in worse shape than any developed country We are in terrible shape, even worse than Detroit because the people doing the accounting are engaged in fallacious accounting..."



Saturday, December 14, 2013

Laurence Kotlikoff ~ The Can will Kick Back Down The Road

GoldSeek Radio's Chris Waltzek talks to Laurence J. Kotlikoff, a Professor of Economics at Boston University,

Professor Laurence J. Kotlikoff Boston University Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc., a company specializing in financial planning software. An active columnist, Professor Kotlikoff's columns and blogs appear in the Financial Times, Bloomberg, Forbes, Vox, the Economist, Yahoo.com, and the Huffington Post. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977.

Wednesday, December 4, 2013

Professor Laurence Kotlikoff - Fed Printing 29 Cents of Every Dollar Uncle Sam Spends

Dr. Laurence Kotlikoff says, "The government is printing mountains of money to pay its bills. The Fed is printing 29 cents of every dollar that Uncle Sam is spending." What happens if this continues? Dr. Kotlikoff, a Professor of Economics at Boston University, says, "Eventually somebody recognizes this and starts dumping the bonds, and interest rates go up, and inflation takes off, and were off to the races." In closing, Dr. Kotlikoff warns, "This is going to crash, but there are different ways for cancer to kill you. It can be very gradual . . . or it can attack some organ and you can die overnight. Either of those outcomes can happen." Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Professor Laurence Kotlikoff.

Sunday, November 24, 2013

Laurence Kotlikoff on The U.S. Unfunded Liabilities Disaster ~ The Robert Wenzel Show

Laurence Kotlikoff on The Robert Wenzel Show

Economics Professor Laurence Kotlikoff says The US national debt is twenty times higher than is officially reported, approaching $222 trillion, and today's children could soon be paying their parent's debts

Saturday, July 27, 2013

Laurence Kotlikoff ~ A Balanced Discussion on "Too Big to Fail"


Professor Laurence Kotlikoff. Prof. Kotlikoff is a Professor of Economics at Brown University and President of Economic Security Planning, Inc., a company specializing in financial planning software. Prof. Kotlikoff is author or co-author of 16 books and hundreds of professional journal articles. Professor Kotlikoff also sought the nomination for President of the United States in 2012 for the advocacy group Americans Elect and the Reform Party of the United States.


Systemic risk and "TBTF" are again the subject of intense debate on Main Street, Wall Street and in the halls of Congress. This panel discussion provided a well-balanced presentation of the "TBTF" problem, and various ways to address it.

Panelists include Harvey Rosenblum, Paul Saltzman, Laurence Kotlikoff, Cornelius Hurley and William P. Mayer

Hosted by the Center for Finance, Law & Policy on March 26, 2013.

Tuesday, April 2, 2013

European Bank Runs Could Spread Like Wildfire Due to Cyprus Banks - Laurence Kotlikoff


Laurence Kotlikoff is professor of economics at Boston University, fellow of the American Academy of Arts and Sciences, research associate of the National Bureau of Economic Research, fellow of the Econometric Society, and former senior economist of the Presidents Council of Economic Advisers.


Economics Professor Laurence Kotlikoff says banking problems in Cyprus "could spread like wildfire throughout Southern Europe and Northern Europe and into the U.S. because we have a banking system that's built to fail." Dr. Kotlikoff also says, "It's going to happen in the form of a crash in the bond market. Interest rates are going to skyrocket, and we're probably going to have high inflation because the government is printing money out the wazoo." Join Greg Hunter as he goes One-on-One with Economics Professor Laurence Kotlikoff of Boston University.

Saturday, February 9, 2013

Laurence Kotlikoff ~ Debt Crisis looming as Washington 'hides the real fiscal cliff numbers’

That's $200 trillion over next 75-years if severe changes are made. We are going to have to address the military budget, but we must also address the welfare and bureaucratic states. The over-65 demographic is wealthiest in the country. The avg. person over-65 has 14 times more assets than an individual that is 34 or younger. While there are older people that have been made totally dependent on these programs, there are millions of seniors that can pay their own freight.

Laurence Kotlikoff: Well, we economists look at all the bills the government has to pay, and in the US case we have enormous bills that have been kept off the books. They’re not the official debts, but they are very real. For example, paying me my social security benefits, my old-age pension – that’s a real obligation. It’s not part of the official government debt, but it’s very important because there are 78 million baby boomers who’re going to get their social security payments, and, in addition, medical payments from the government. If you look at all those payments, they are about $3 trillion a year. So we have these huge bills, nobody has thought about paying for them, and Congress and the presidents over the years have just focused on official debt, and basically have not told the public about these big bills.

Thursday, January 17, 2013

Professor Laurence Kotlikoff - Bernanke Playing With Fire

Economist Laurence Kotlikoff says, "We are actually in worse shape than any developed country. . . We are using accounting that would make Bernie Madoff blush." Kotlikoff thinks the Federal Reserve could easily lose complete control of inflation and warns, "Ben Bernanke is playing with fire here because we could have a tripling of the price level." Join Greg Hunter as he goes One-on-One with Boston University Economics Professor Laurence Kotlikoff.

Blog Archive

“Control oil and you control nations; control food and you control the people.” Henry Kissinger


once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?

PHILIP ZIMMERMAN, DER SPIEGEL

“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success
UNKNOWN

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux


“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924


Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
UNKNOWN

Taxation is legalized Theft
UNKNOWN

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan


"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich


There is NO political answer to a spiritual problem!
Steve Quayle


Po
litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow


When People lose everything and have nothing left to lose , They Lose It !

GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
DAVID ICKE

The one who Controls the Education System , Controls Perception
UNKNOWN

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left
UNKNOWN


No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please
UNKNOWN

Freedom is not Free
UNKNOWN

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff


You can love your Country and not your Government

Jesse Ventura


" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan


"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato


The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki


"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki


"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "
UNKNOWN

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You
UNKNOWN

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World
UNKNOWN

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN