www.FinancialSurvivalNetwork.com presents:

Thom Reilly was manager of Clark County Nevada from 2001 to 2006; he got out just before the crash. When it comes to understanding our insane economic world or municipal labor contracts and benefits, he has an insider's understanding. He's written a book Rethinking Public Sector Compensation--Whatever Happened to the Public Interest?, and it will be released later this week. In his new book, Thom chronicles the true cost of bloated pensions, lifetime health care, and why things are headed for a possible disaster, if our leadership does not start addressing the issue soon.

Little things like merit, initiative, and creative thinking fall by the way-side when it comes to hiring and compensating public employees. The system is geared towards longevity and achieving the maximum benefit level that the public will pay. Such views, untempered by the reality of the marketplace, have given us an unsustainable state and municipal financial system that is getting ever closer to collapse. If the eventual collapse occurs, the promises that were made to government workers will not be worth the paper they were written on. Thom however, has a number of ideas that can avert that inevitability. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.

Direct download: Thom_Reilly_05-08-2012.mp3
Category:general -- posted at: 7:28 PM
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www.FinancialSurvivalNetwork.com presents:

Danielle Park of www.JugglingDynamite.com joined us for our bi-weekly journey into the economic realities now hitting every person on the planet. There's no easy way out and sticking with losing systems, just like losing investments, is your surefire ticket to the poorhouse! Danielle explored the current administration's unwillingness to hold the banksters accountable for the damage they've inflicted. While we were at it, we also discussed the fact that the government should finally own up to its major role in creating this ghastly state of affairs. After all, who created Fannie, Freddie, FHA, Sallie Mae and so many other ill-fated quasi-government schemes for inflating Wall Street profits?

Who came up with TARP, the Stimulus, and a host of other initiatives? All these were supposedly aimed at improving the economy, yet they have accomplished exactly the opposite. While it's true there's a chicken and egg relationship between DC and Wall Street, the reality is governmental corruption and intervention have done nothing good and left everyone all the poorer. People everywhere need to accept the fact that we're out of money and that the promises that were made in good faith cannot be kept and must be scaled down. Same with the bailouts, they have failed their purpose, and it's time to end them and come up with another method of addressing the collapsed financial system. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the Economy, Markets and Precious Metals.

Direct download: Danielle_Park_05-08-2012.mp3
Category:general -- posted at: 4:59 PM
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