For most of the 20th century, until the 1980s, each generation of retirees had a somewhat higher standard of living than the last. With the Reagan era advent of federal policies encouraging private employers to raid and discontinue defined benefit pensions, that trend stopped. The current generation of retirees are discovering that their 401Ks are almost never sufficient to allow a dignified retirement. They've been robbed. 401Ks are subject to the stock market, which favors insiders, and financial managers and the retirement-industrial complex extract as much as a quarter of all 401K savings in parasitic fees. In this Against the Grain interview James Russell explains why Wall Street loves privatized and individual retirement accounts, and hates defined beneift pensions and social security,
listen
http://www.againstthegrain.org/files/files/atg/atg_2014.11.12_401ks.mp3
The author says that the "corrupt psychos" running the West are shielded by a wall of massive disinformation.
C.I.A. whistleblower Jeffery Sterling, who was sentenced to 3½ years in prison, says punishing Julian Assange for publishing critical information is designed to keep us enslaved in ignorance. He gave…
Police killings increase, Nicaragua, and Cuba in Africa
Samuel Sinyangwe is founder of the Mapping Police Violence Project.
Erica Caines is publisher of the website Hood Communist. She is also co-coordinator of the Black Alliance for Peace Haiti/Americas team.
