All posts in " Pension Crisis "
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CALPERS Trying to Cover-Up Leaks of their Mismanagement

By admin / February 3, 2017

Here is a board meeting of CALPERS illustrating that (1) the majority of the board is totally without any experience in financial markets and (2) they are trying to throw off the board anyone who points out they are in trouble. Pension funds on average need 8% to break even. You will hear in this discussion […]

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Rogoff: An Elitist Who Has No Respect for the People

By admin / January 18, 2017

Kenneth Rogoff is a Professor of Public Policy and Economics at Harvard University. Rogoff calls critics of negative interest rates “ignorant” despite the fact that negative interest rates have been used since 2008 without any success. He had the audacity to say that people should not look at their short-term personal losses, but rather look at the long-term vision […]

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The 401K – The Pension Crisis Coming Your Way 2017

By admin / January 4, 2017

COMMENT: Martin, A few weeks ago (12/13/2016) my wife received a notice from her company about changes to her 401K and I thought I was in a Kafka film. The notice basically identified “the investment elections you can make and the actions that will occur if you do not make you elections by the deadlines […]

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Dallas Suspends Pension Withdrawals

By admin / December 12, 2016

The Dallas Police and Fire Pension System’s Board of Trustees officially suspended all withdraws last week. The move stopped $154 million of withdraws requested last week alone. If those withdraws would have been allowed, the fund would be below the $600 million in liquid assets that is required to maintain the $2.1 billion fund. Over […]

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Run on Dallas Pension Fund – Mayor Asks To Suspend Withdrawals

By admin / December 4, 2016

mayor-rawlings The Mayor of Dallas, Mike Rawlings, sent a letter on the 29th asking for an immediate suspension of lump-sum withdrawals from the Dallas Police and Fire Pension Fund. There is a run on the pensions because people are realizing that there will be nothing there. The troubled pension fund will be insolvent by 2028 at […]

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Every Household in California Owes $93,000 to Pay for State Pensions

By admin / December 4, 2016

Stanford University has been tracking the cost of pensions in California. So while there is a movement starting to separate from the United States especially since they wanted Hillary, California will soon fall on its face and then will be begging Washington for a handout. The real amount owed by every household in California to […]

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Texas the Pension Crisis Exposed

By admin / November 10, 2016

The pension crisis in Dallas Texas is starting to create panic among beneficiaries and thus the situation is snowballing out of control.  The Dallas Police and Fire Pension has been well regarded in the pension world for its diversity among asset classes. The funded ratio was estimated at 64% in 2014. In 2015 a new […]

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German Private Health Insurance up 11% Thanks to Pension Crisis

By admin / September 30, 2016

Private health insurance in Germany now faces a massive contribution increase in 2017 of more than 11%. Add to this the banking crisis and we will start to see the core economy in Europe turn down really hard. This will impact about 9 million people who are privately insured. The industry needs the money, which they could […]

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Anti-Immigration Movement Turning Violent in Germany

By admin / September 29, 2016

In Dresden, Germany, right-wing activists are retaliating against the Muslim refugees. They are said to be behind two huge terror bombs at a mosque. This is the first attack on Muslims using bombs. This will not be the last. What Merkel has unleashed on Europe will continue to escalate as the economy turns down. Anti-immigrant movements correlate […]

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The Pension Crisis is Global

By admin / September 23, 2016

The worldwide pension crisis is the next great notch in the belt of the collapse of socialism. If anyone in the private sector promised workers pensions and did not fund them, they would go to jail and be labelled as a fraud. Yet, this is standard operating procedure for government. Government claims to be some […]

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