Ripped From The Headlines, December 8, 2022
Multiple Utility Co.'s Sabotage, 401k "Hardship" Withdrawals Hit Record, Blackstone Credit Fund Hits Withdrawal Limit. Read, Share, Subscribe, Sponsor Sherloc Exposes: asksherloc@protonmail.com
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“Federal authorities are investigating a number of recent reported acts of sabotage on utility companies, a senior law enforcement source told ABC News.
The move comes in the wake of substations being riddled with bullets in North Carolina, leaving tens of thousands without power for days.
After the incident, the utility companies reached out to federal authorities in recent days to investigate, the source said.
The most recent potential case of sabotage occurred in South Carolina.
According to multiple law enforcement sources, an individual opened fire near a Duke Energy facility at the Wateree Hydro Station in Ridgeway.
The individual used what appeared to be a long gun and then sped away. No one was injured and there has been no reported damage to the station at this time. There is also no indication the attacks are coordinated at the moment.”
“The share of retirement savers who withdrew money from a 401(k) plan to cover a financial hardship hit a record high in October, according to data from Vanguard Group.
That dynamic — when coupled with other factors like fast-rising credit card balances and a declining personal savings rate — suggests households are having a tougher time making ends meet amid persistently high inflation and need ready cash, according to financial experts.
Nearly 0.5% of workers participating in a 401(k) plan took a new ‘hardship distribution’ in October, according to Vanguard, which tracks 5 million savers. That’s the largest share since Vanguard began tracking the data in 2004.”
“Blackstone Inc (BX.N) said redemptions from its $50 billion non-traded business development company reached its pre-set limit for the first time but investors were still allowed to cash out on their investments.
This is the first time redemption requests had reached the pre-set limit of 5% since Blackstone launched the product in January last year. It also comes after Blackstone announced last Thursday that it would curb withdrawals from its $69 billion unlisted real estate income trust (REIT) following a surge in redemption requests.
Blackstone Private Credit Fund (BCRED) received withdrawal requests from its investors that were about 5% of the fund's outstanding shares in the fourth quarter that ended on Nov. 30, according to a regulatory filing.”
Hard Luck Thursday, Ripped From The Headlines - Things To Ponder:
(EDITOR’S NOTE: Orange links are clickable to additional information.)
Utility Companies, under attack… by design?
The circumstances are odd, but so is the style of the attacks…
And the number of them that have happened.
Given where things are at in the world today, it’s hard to tell what’s what…
But, you should always look at a situation twice on your journey to get to the truth.
Everything’s Fine! Just take out that Hardship Withdrawal!
Great Grandma used to say:
“Bought Sense is better than Taught Sense”
That means that sometimes, you have to feel the financial pain around something to finally get it.
If you’ve heard from friends or family “everything is fine!” ask them these two simple questions:
If that’s true, why can’t people afford to pay their bills, and why are 401k withdrawals at record highs?
Go easy on them… unplugging from the matrix is hard…
Big Investor Takes One On The Chin…
That’s interesting news about Blackstone…
When you combine it with the issues around their REIT last week with people wanting their money back, something pretty big is up…
Remember the bomb diffuser joke? If they are running, you should probably keep up.
What do the people who are pulling their money out know that you don’t?
Figure that out.
QUICK.
What Does This Mean?
The screws are being turned on your future… in the worst way possible.
A move to further destabilize our power systems is accelerating, money is buying less, rich people are telling you that your wealth is being eroded, and Congress had to intervene to stop a national railroad strike… BY MAKING IT ILLEGAL.
Ask yourself how much longer this can go out before the bottom falls out.
Why Should I Care?
Look at this:
You should care.
What Should I Do?
Start thinking about the basics that people will need, and look at those things as potential avenues to protect yourself and as an investment.
Do you know why Berkshire Hathaway’s stock is so expensive?
They touch 90% of your life everyday, and you don’t even realize it. That’s inflation/deflation/recession/depression insurance. You’ll still need toilet paper and toothpaste.
You should also tell as many people as you can about what’s happening. Don’t leave people behind, while we still have a window to help them.
Quick way to do that: Share this newsletter… heck, take from it and do your own. We give you permission…
Take the time to learn more about Parallel Economies, and find alternatives to the things you use today… food, money, transportation.
GET MOVING ASAP.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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