Silver as an investment

Category Archives: Labor

Private Equity Sets Its Sites On A New Funding Victim: Mom-And-Pop 401(k)s

After laying ruin to the defined-benefit pension plans of public and private employees over the past several decades, Wall Street has its sites set on its next victim: mom-and-pop 401(k)s.  Sure, because as our recent headlines confirm, wall street money managers have worked wonders for public/private pension funds: Are Collapsing Pensions “About To Bring Hell […]

Latest In Silicon Valley ‘Fringe Benefits’: Paid Time Off To Protest Trump

Silicon Valley’s tech giants are world renowned for their random employee ‘perks’ which include everything from free lunches prepped by expensive chefs, to free massages, nap pods and tricked out game rooms.   But the latest trend in Silicon Valley ‘fringe benefits’, which includes unlimited time off to protest the Trump administration, feels a little […]

After ‘Modest’ 250% S&P Returns, Corporate Pension Funding Levels Roughly Same As 2008

We spend a lot of time writing about public pensions because the aggregate underfunding levels, $3 – $5 trillion on the low end, are simply staggering and at some point they will be realized for the ponzi schemes that they are and the systemic risk they represent to the global financial system.  Until then we’ll […]

Angst In America – Disappearing Pensions

Authored by John Mauldin via MauldinEconomics.com, “Companies are doing everything they can to get rid of pension plans, and they will succeed.”   – Ben Stein   “Lady Madonna, children at your feetWonder how you manage to make ends meetWho finds the money when you pay the rent?Did you think that money was heaven sent?” […]

California Taxpayers Expected To Nearly Double Public Pension Contributions Over Next 5 Years

The California Policy Center (CPC) has just updated it’s annual study on pension contributions required from local California municipalities and, to our complete ‘shock’, the conclusions are brutal for Cali taxpayers.  Among other things, the study found that California taxpayers will be forced to double their contributions to CalPERS over just the next 5 years […]

2 Charts Show How Close The U.S. Is To Healthcare Collapse

Submitted by Patrick Watson of Mauldin Economics The first step to solving a problem is admitting you have one. Some of us are in denial, so here’s a hard fact: We Americans spend far more money on health care than any other developed nation, but we’re no healthier. We’re even less healthy overall. The chart below shows […]

Dallas Mayor Pulls Support For “Massive Taxpayer Bailout” Of Police Pension

Dallas Mayor Mike Rawlings has finally reached his maximum willingness to throw taxpayer dollars at the Dallas Police and Fire Pension (DPFP) system and has pulled is support for a bill that, if it passes, will undoubtedly prove to be yet another futile effort to save the system from insolvency.  Despite support for the original […]

American Jobs Once Again Flowing Into Mexico After Brief, Trump-Induced Pause

After Ford scrapped plans for a new facility in Mexico and continues to flood the White House with press releases detailing normal course capital expenditures to be made on domestic plants, investments that would have been made irrespective of their outsourcing ambitions, it seems as though economics are making a comeback in  guiding the capital […]

Snyder Warns Of The Ticking Time Bomb That Could Wipe Out Virtually Every Pension Fund In America

Authored by Michael Snyder via The Economic Collapse blog, 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 Too Big for Markets to […]