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Chicago Hopes To “Solve” Record Pension Deficit With Creative Solution: More Debt

August 23, 2018

Chicago Hopes To “Solve” Record Pension Deficit With Creative Solution: More Debt John Maynard Keynes would be thrilled to hear about the brilliant solution Chicago has come up with to help solve its pension deficit: issue a $10 billion bond and take on more debt. Chicago’s pension deficit has been a problem that we’ve been covering […]

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Collapse of Socialism – End of Pensions

February 23, 2018

Collapse of Socialism – End of Pensions   I have been warning that we are in the midst of (1) collapse in democracy as the bureaucracy attempts to ensure they get their’s, (2) the collapse of socialism, which is the implosion of social programs, and (3) the collapse of pensions set in motion by the […]

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The Pension Crisis Coming to a Boil

September 29, 2017

The Pension Crisis Coming to a Boil The BBC has come out and reported that three million savers in Britain in what is known as final-salary pension schemes only have a 50/50 chance of receiving the payouts they were promised, a study has concluded. We issued a special report on the rising Pension Crisis and […]

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They’re Using Bernie Madoff Math to Hide a Crisis

August 23, 2017

They’re Using Bernie Madoff Math to Hide a Crisis Politicians are always generous with other people’s money… until it runs out. Near the peak of the late-’90s tech bubble, California’s legislature passed the largest pension increase in its history. Today, with as much as $750 billion in unfunded public pension debt, California has one of […]

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The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America

March 31, 2017

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 […]

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What Makes Brussels More Equal Than Others

April 28, 2015

What Makes Brussels More Equal Than Others Dutch daily Algemeen Dagblad ran a little article recently that we’re surprised no other news organization picked up. It concerned a proposal in the European Parliament in which the parliamentarians got to vote on raising their own paycheck (always a good idea). The best thing about the story […]

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