Category Archives: pension funds
SHTFplan: Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem
Prepare yourself. Buy physical silver and storable food. This article was originally published by Michael Snyder at The Economic Collapse America, you officially have a debt problem, and I am not just talking about the national debt. Consumer bankruptcies are surging, corporate debt has doubled since the last financial crisis, state and local government debt […]
“These Problems Aren’t Going Away” – States Are Woefully Unprepared For The Next Recession
This report was originally published by Tyler Durden at Zero Hedge It’s no secret that the finances of most US states are in shambles. For many, overly generous pension benefits have led to severe under-funding that threatens to drain state coffers, like in Illinois, where pension liabilities ballooned by a cumulative 1,067% between 1987 and 2016 while revenues for […]
Welcome to the Age of Fury: “This Simmering Anger of the Populace Is Going to Start Boiling Over”
This article was originally published by Chris Martenson at PeakProsperity.com Are You Infuriated Yet? by Chris Martenson More and more, I’m encountering people who are simply infuriated with how our “leaders” are running (or to put it more accurately, ruining) things right now. And I share that fury. It’s perfectly normal human response to be infuriated when an outside […]
Record Number Of Dallas Police Officers Quit In July Amid Ongoing Pension Crisis
We first introduced readers to the Dallas Police and Fire Pension (DPFP) crisis last summer in a post entitled “Dallas Cops’ Pension Fund Nears Insolvency In Wake Of Shady Real Estate Deals, FBI Raid.” For those who have managed to avoid this particular storyline for the past 15 months, here is a brief recap of […]
This Remarkable Indicator Just Hit The Second Highest Level In 55 Years!
kingworldnews.com / June 08, 2017 This remarkable indicator just hit the second highest level in 55 years! From Jason Goepfert at SentimenTrader: Investors are doing very, very well. The latest quarterly report on U.S. finances from the Federal Reserve shows that investors have done extremely well, and are now holding equities that valued at near-record […]
Red Flag For Markets: Pension Funds To Sell “Near Record” Amount Of Stocks In The Next Few Days
zerohedge.com / by Tyler Durden / Dec 22, 2016 3:41 PM One of the recurring comments about the “Trumpflation” rally, which has sent US stock markets to constant record highs and pushed the Dow Jones just shy of 20,000 has been that there is virtually nobody selling. According to a poll released today by Reuters, which surveyed 45 […]
Dallas Police Resignations Soar As “Insolvent” Pension System Implodes
A few days ago we noted that the Dallas Police and Fire Pension System (DPFP) took the unprecedented step of halting withdrawals from their DROP fund after a “run on the bank” pushed to the entire pension system, and the City of Dallas, to the brink of liquidity crisis (see “In Unprecedented Move, Dallas Pension […]