Silver as an investment

Category Archives: pensions

$1.2 Trillion Asset Manager: Forget Volatility, The Real Financial Timebomb Is Public Pensions

This report was originally published by Tyler Durden at Zero Hedge As we have reported over and over and over (and over, and over), public pensions are in deep, deep trouble. In addition critical funding shortfalls (U.S. public pensions had just 71.8% of assets required to meet obligations as of June 2016), many of the country’s largest pensions have completely unrealistic target rates-of-return of 7% on average. […]

The Great Retirement Con

This report was originally published by Adam Taggart at PeakProsperity The Origins Of The Retirement Plan Back during the Revolutionary War, the Continental Congress promised a monthly lifetime income to soldiers who fought and survived the conflict. This guaranteed income stream, called a “pension”, was again offered to soldiers in the Civil War and every […]

It Begins: Pension Bailout Bill To Be Introduced This Week

Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population: a multi-trillion pension storm, which was recently dubbed “one of the most heated battles of a lifetime” by John Mauldin. The reason, in a nutshell, why […]

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 […]

Survey shows UK and US Pensions Crisis is Imminent

goldcore.com / By janskoyles / October 7, 2017 Both UK and US drop in Global Retirement Security Rankings US falls due to sharp income inequality and reduced workforce to support retirees UK is two spots away from being in the bottom 10 for government indebtedness FCA’s Andrew Bailey says “clear risk” that savings rate for retirement is too […]

Survey shows UK and US Pensions Crisis is Imminent

Survey shows UK and US Pensions Crisis is Imminent Both UK and US drop in Global Retirement Security Rankings US falls due to sharp income inequality and reduced workforce to support retirees UK is two spots away from being in the bottom 10 for government indebtedness FCA’s Andrew Bailey says “clear risk” that savings rate for […]

Which American Cities Will File Bankruptcy Next?

We harp on the massive, unsustainable, yet largely unnoticed, debt burdens of American cities, counties and states fairly regularly because, well, it’s a frightening issue if you spend just a little time to understand the math and ultimate consequences.  Here is some of our recent posts on the topic: America’s Pension Bomb: Illinois Is Just […]

“This Is A Crisis Greater Than Any Government Can Handle”: The $400 Trillion Global Retirement Gap

Submitted by John Mauldin of Mauldin Economics Today we’ll continue to size up the bull market in governmental promises. As we do so, keep an old trader’s slogan in mind: “That which cannot go on forever, won’t.” Or we could say it differently: An unsustainable trend must eventually stop. Lately I have focused on the […]

1 Million Ohio Public Employees Face Pension Cuts As Another Ponzi Teeters On The Brink

We’ve written frequently of late about the pension crisis in Kentucky where pensioners are facing potentially catastrophic benefit cuts as their politicians finally admit that they’ve been sold a fantasy for decades (see: Pension Consultant Offers Dire Outlook For Kentucky: Freeze Pension And Slash Benefits Or Else). Unfortunately, Kentucky is not unique as there is […]

Pension Ponzi Exposed: Minnesota Underfunding Triples After Tweaking This One Small Assumption…

Defined Benefit Pension Plans are, in many cases, a ponzi scheme.  Current assets are used to pay current claims in full despite insufficient funding to pay future liabilities… classic Ponzi.  But unlike wall street and corporate ponzi schemes no one goes to jail here because the establishment is complicit.  Everyone from government officials to union […]