Corporate Debt and the Den of Thieves

According to S&P Down Jones Indices, between 2010 and 2020, American corporations have purchased a record $5.3 TRILLION in stock share buy-backs–which is a form of corporate looting which enriches executive insiders, shareholders and Wall St.

Instead of putting valuable cash reserves into rainy day funds, new technologies or compensation for employees–corporate America has made the economy for normal Americans incredibly complex and fragile. Companies like GE and Boeing blew $67 BILLION in valuable cash on stock buy backs all in the name of shareholder value, when in the end, this malinvestment boomeranged on them–and now the American taxpayer.

By Barry James Dyke

More than half of the market run up in the past decade has been caused by the latest type of financial engineering. Attached is the You Tube video on stock buy backs entitled “Corporate Theft, Den of Thieves”.

This is one of the major problems in the American system today. Learn how banks and airlines, who are at the forefront of the financial crisis once again, created their own fate.

 

Barry J. Dyke, Castle Asset Management, LLC, Hampton, NH

IRA’s are to provide income streams for life, NOT GAMBLING

The sole purpose of an IRA, 401(k) or a 403(b) retirement plan is to provide income streams for life, NOT GAMBLING…

However, like everything else in America, Wall Street always seems to get its hands on peoples savings and turn them into a Casino for their use. 401(k)s are savings plans, THEY ARE NOT PENSIONS FOR LIFE.

By Barry James Dyke

The traditional, mostly uniformed press tells people should not put any savings into annuities because they can get better returns of return elsewhere. That is complete bunk dear friend. The media does not want to tell the truth, they are just in the job in helping banks and mutual fund companies sell their highly speculative products.

Jeremy Siegel, Wharton School Professor, in December 2019, said this about annuities for providing retirement income. “Annuities have a primary role for the future of retirement income.” .

I could not agree more. My research has verified that General Motors, British Airways, Lloyds Banking Group, Merchant Navy Pension Plan, Rolls Royce, BMW, Verizon, FedEx, Kimberly Clark, Bristol-Myers-Squibb, Raytheon, Lockheed Martin and hundreds more of MAJOR world corporations have spent BILLIONS on annuities to fund and finance their retirement plans. Even the bankrupt Lehman Brothers in the U.K. spent $1 billion on annuities to finance its pension.

The truth is that most annuities are far superior to mutual funds when it comes to providing lifetime income streams.

 

Source: Barry J. Dyke
Castle Asset Management, LLC, Hampton, NH 03843-0095

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