José Piñera discusses privatizing social security on FBN

2-22-10

Category:

News & Politics

Tags:

• Cato
• Institute
• Jose
• Pinera
• FBN
• Social
• Security
• Pensions
• United
• States
• Baby
• Boomers
• Debt

[skolic08]

Americans! You need change to a Social Security like Chile. Your national debt is extremely high and this situation is very dangerous for your nation.

Don't believe opinions of some socialist Chileans that don't rely in freedom. Our Social Security system has worked well and has been "exported" to 30 countries!

[PolicetheTube]

Apango2000

SHOW YOUR NAME, COWARD.

AND GET A LIFE

[Virtuoso80]

OR, Chile: The free-market miracle, that, despite the unfortunate but unrelated crimes of it's dictator, demonstrates how unfettered trade and privatized industry can suck power away from a dictatorial ruler, ultimately leading to a free, and prosperous state.

...perhaps the truth is somewhere in between.

[Virtuoso80]

Chile: Where everything was beautiful and rosy under Allende until the CIA and wealthy multinationals conspired to overthrow him, give power to a murderous, oppressive dictator who tortured and massacred his people, and sell of all of Chile's public assets to foreign interests who made a killing, while the Chilean people suffered under massive depression and unemployment.

[gonzalo060375]

I'm not endorsing Jose Piñera's ideas or the Chilean model as a rock solid truth, but the facts are, the AFPs are making up to 70% of Chile's PIB, funding entrepreneurship and industrial grouth.

Being an AFP user, I can choose among a number of competing AFPs (retirement fund mgmt. offices), whose results are publicly available, and my savings are growing by an avg. 10% since 7 years.

If there was a better way, I'd be the first in line. Meanwhile, this seems to work for me.

[diasslo]

@koprolaliko Are you kidding me? Now we are the richest country in Latin America

[koprolaliko]

This guy is the Osama Bin Laden of Economy.

In Chile this pervert system has been used as a wash machine of private debt.

The banks in collusion with Funds Administrators (AFP) and stock changers have utilized the system ad infinitum fucking the contributors (savers) and earning billions with the fraud.

You can not trust your future in private hands.

Please see the whole picture (last 30 years) and not only 6 months.

Be carefull or your elderly will be very sad.

Look for Thomas Jefferson & banks

[jmarraztoa]

Hello, I'm chilean and I want to give you my experience. Since december 2008 I've been following how my money for my pension has been growing, and it has been 14.9% annual above inflation. I hope this information help you, if anyone wants more information, please be free to write me at jma@vtr.net (please be serious and don't spam me)

[MrReco12]

@RSG132

He also compared the murderous PInochet coup to the "American revolution". I hope he gets what he deserves.

RIP VICTOR JARA: A innocent victim of Pinera' Nazi right wing ideology!

[MrReco12]

@RSG132

LOL, he applauded the destruction of democracy in the first place. Thank you for confirming his hypocrisy!

[RSG132]

@MrReco12

On December 2, 1981, the day after approval of the Mining Law, Piñera resigned in order to restart his opinion magazine Economia y Sociedad, which was dedicated to fight for the transition to a democratic system and the consolidation of the free-market economy. In those years, still under the military regime, Piñera wrote seventy articles in the press in defense of human rights and democracy.