America’s First Failed State
Justin’s note: Over the last couple years, I’ve written several times about why America’s pension system is in a major crisis. When it finally collapses, millions of Americans will lose a huge part of their life […]
Justin’s note: Over the last couple years, I’ve written several times about why America’s pension system is in a major crisis. When it finally collapses, millions of Americans will lose a huge part of their life […]
Shaun Bradley This article was written by Shaun Bradley and originally published at The Anti-Media.org. Editor’s Comment: Decades of benefit promises to state workers, especially by socialistic large cities and left-leaning states, is reaching the […]
Earlier this year, a bombshell was dropped when it was reported that California’s Public Employees’ Retirement System (Calpers)—the largest public pension fund in the U.S.—earned only 0.6% on its investments last fiscal year. Why is […]
by Tyler Durden Defined Benefit Pension Plans are, in many cases, a ponzi scheme. Current assets are used to pay current claims in full in spite of insufficient funding to pay future liabilities… classic Ponzi. […]
May 27, 2016 There are limits on what the Fed can do when this bubble bursts, as it inevitably will, as surely as night follows day. It’s no secret that virtually every pension fund is […]
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