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Pension Crisis In U.S. and Globally Is Unavoidable
Pension Crisis In U.S. and Globally Is Unavoidable Pension Crisis In U.S. and Globally Is Unavoidable There is a really big crisis coming. Think about it this way. After 8 years and a 230% stock market advance the pension funds of Dallas, Chicago, and Houston are in severe trouble. But it isn’t just these municipalities […]
The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America
The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history? When Bloomberg published an editorial entitled “Pension Crisis […]
Why Energy-Economy Models Produce Overly Optimistic Indications
Why Energy-Economy Models Produce Overly Optimistic Indications I was asked to give a talk to a committee of actuaries who are concerned about modeling the financial future of programs, such as pension plans, given the energy problems that are often discussed. They (and the consultants that they hire) have been using an approach that puts problems […]
Your pension could be at the center of America’s next financial crisis
Your pension could be at the center of America’s next financial crisis I’m not a fan of the “greed is good” mentality of Wall Street investment firms. But the next financial crisis that rocks America won’t be driven by bankers behaving badly. It will in fact be driven by pension funds that cannot pay out […]
The Pension Crisis is Global
The Pension Crisis is Global The worldwide pension crisis is the next great notch in the belt of the collapse of socialism. If anyone in the private sector promised workers pensions and did not fund them, they would go to jail and be labelled as a fraud. Yet, this is standard operating procedure for government. […]
Sorry Losers!
Sorry Losers! By its actions, the Federal Reserve has selected a precious few winners and many, many losers. Sadly, you are highly likely to be one of the losers. Sorry! I’m one, too, if that helps soften the blow. But we have a lot of company. Other losers include: Savers Anyone with money in a […]
Asset Recycling – Robbing Pensions to Cover Govt. Costs
Asset Recycling – Robbing Pensions to Cover Govt. Costs We are facing a pension crisis, thanks to negative interest rates that have destroyed pension funds. Pension funds are a tempting pot of money that government cannot keep its hands out of. The federal government of Canada, for example, is looking to reduce the cost of […]
“This Is Going To Be A National Crisis” – One Of The Largest U.S. Pension Funds Set To Cut Retiree Benefits
“This Is Going To Be A National Crisis” – One Of The Largest U.S. Pension Funds Set To Cut Retiree Benefits A dark storm is brewing in the world of private pensions, and all hell could break loose when it finally hits. As the Washington Post reports, the Central States Pension Fund, which handles retirement benefits […]
$3 Trillion Black Hole Could Destroy Economy: “True Extent of Pension Problem Has Been Obscured”
$3 Trillion Black Hole Could Destroy Economy: “True Extent of Pension Problem Has Been Obscured” Yet another reason why taxes are going up, cities and states are going broke, and the world is approaching financial implosion… As if the world needed another dangerous and volatile factor in the mix of looming economic downturn. Unfunded liabilities […]
Illinois on the Brink of Bankruptcy
Illinois on the Brink of Bankruptcy The Hunt for Taxes The pension crisis is brewing and the one state that appears to be heading toward a complete bankruptcy is Illinois. Clients should not own ANY debt from Illinois, be it city, municipal, or state. Just get out before the curtain falls. The Illinois Constitution plainly states […]
How Stupid Do You Have To Be To Let This Happen?
How Stupid Do You Have To Be To Let This Happen? Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European speaks several languages versus sometimes less than one for Americans. They are, in short, a well-schooled people with vast […]
Lagarde – Wants to Raise Retirement Age & Taxes
Lagarde – Wants to Raise Retirement Age & Taxes Christine Lagarde remained at the IMF and one of three Troika members because she is a Socialist and on board with both raising retirement ages to cheat people out of what they planned and to raise taxes while closing all borders to the movement of capital. She […]
Population Decline in Industrial Countries Requires Immigration?
Population Decline in Industrial Countries Requires Immigration? The United Nations projects that over the next 50 years, the population in the industrialized world (US-Europe-Japan) will DECLINE, not expand. The population is suffering from growing old and the youth are so burdened with taxes they are not getting married (marriages off by 50%) and are not having children. The decline […]
Will Illinois Be the First State to Go Bankrupt?
Will Illinois Be the First State to Go Bankrupt? The state of Illinois is in real trouble. The state employees have been bleeding the state dry and are demanding that they raise taxes so they can get theirs. This is the poster state for government employees expropriating private assets. Illinois must pay $560 million in […]
