Congress courageously sticks US taxpayers with a $6 trillion liability
The legislation is their comical attempt to address the multi-trillion dollar problem of unfunded pension plans in the Land of the Free…
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Do Germans Understand That They Can No Longer Count On Their Pensions?
Private individuals in Germany hold a record of 8.918 tons of precious metals…why?
Continue readingThe Mixed Blessing Of Falling Birth Rates
Falling birth rates seem to be the new normal. That’s a mixed blessing, and it really matters for Baby Boomers in retirement and the elderly. Here’s why…
Continue readingThe Social Security Black Hole Has Arrived
President Donald Trump has repeatedly said that cuts are not on the table…
Continue readingSimon Black: This City’s Police Department Is Running A VEHICLE IMPOUND RACKET
Simon brings us the latest absurdity in civil asset forfeiture where citizens’ vehicles are being impounded and auctioned off, regardless of who’s driving!
Continue readingSimon Black: Social Security Will Cross Another Dangerous Milestone Next Year
The Social Security Administration says that it needs a MINIMUM of 2.8 workers paying into the system for every one retiree, however…
Continue readingPension Funds Unable to Save New York City from Bankruptcy Again
Resources that normally go toward other municipal needs are swirling into a black hole of pension shortfalls. Last October, the city…
Continue reading5 Reasons To Be Concerned That The Federal Government Will Borrow $990 Billion This Year
That $22 trillion national debt doesn’t include unfunded liabilities either, making the situation even uglier. Here’s more…
Continue readingChicago’s Pension Funds Are Looking More Like A Collapsing Ponzi Scheme
In just a couple years, more pensioners will be draining money from the pension funds than active workers are putting in, and that’s not the only problem…
Continue readingJust Released: Social Security Earned A Pitiful 2.8% On Your Money
Simon Black says the trust funds don’t have enough money to keep the programs going, at least under the current promises. Here’s more…
Continue readingLynette Zang: Bankers Call For Global Currency As They Stack Gold Bars
The central bankers are continuing to stack gold bars while their minions call for a global currency. Lynette Zang has the details…
Continue readingThe Greatest Retirement Crisis In The History Of The World
“Too frail to work, too poor to retire” will become the new normal for many elderly Americans. Here’s why…
Continue readingSimon Black: Four Ways The US Govt Will Respond To Its Negative Net Worth Of $75 Trillion
Simon isn’t trying to stoke fear or panic, but the US government has a very narrow playbook to deal with it’s own admitted debt obligations. Here’s more…
Continue readingSimon Black: The US Government’s Net Worth Is Now NEGATIVE $75 TRILLION
When adding-up Social Security’s liability, Uncle Sam’s total net worth is NEGATIVE $75 TRILLION. What could possibly go wrong? Here’s Simon…
Continue readingBaby Boomers Are IN TROUBLE As CRASH APPROACHES! – Pensions ARE NOT Safe!
Pensions face countless problems, the pension shortfall is massive, and many baby boomers, who have already lost so much, will not get their pensions…
Continue readingSimon Black: One Thing Congress Gets Right – Funding Their Own Pensions
That’s almost $140,000 a year, for the rest of their lives…for five years of service!
Continue readingThe Next Step In Social Security’s Ponzi Scheme
Social Security is now a “bad deal” for current and future recipients precisely because the costs of its Ponzi structure are starting to be felt…
Continue readingMusing The Unsustainable $22 Trillion Dollar National Debt Road And A Harley Ride
The US national debt officially passed the $22 Trillion mark this week. Here’s TraderStef to put the debt into perspective…
Continue readingSimon Black: The Wealthiest City In America Is Screwed
Simon says this trend is only going to get worse, and no, it’s not something that’s isolated to just New York City. Here are the details…
Continue readingNo Longer The Luckiest Generation: Boomer Finances Start To Roll Over
John Rubino says when the next recession comes, pension and retirement benefits will be cut dramatically. Here’s why…
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