The Sovereign Debt & Pension Crisis Expanding

Crisis__1454353485_72.94.249.194

Crisis-DemocracyWhile the Democrats are doing everything they can to stop Trump along with Republican political elites such John McCain, and the shadow elites fund protests, stopping Trump will accomplish nothing for the corrupt socialists state is collapsing. This is the year we had forecast back in 1985 for the Sovereign Debt Crisis to being and the pension system, which is really based upon nothing more than a Ponzi scheme. That same structure was extended to healthcare as big corporations attempt to put private practice doctors out of business. The The Pension Benefit Guarantee Corporation (PBGC), which was supposed to “guarantee” pensions of private corporations, is on the verge of bankruptcy. Individual municipalities in California failed to pay the premiums to CALPERS and they are starting to cut benefits to particular cities by more than 50%. Welcome to the end of socialism, which is in its death-trows for the very same reason communism collapsed. We warned this would be the crisis we face in Democracy. It would be nice if we could be civilized and split the country with all the socialists moving to the West and independents to the East. It is a sad thing that those who are attracted to the left do so to punish independents for they typically see their own lack of talents as some conspiracy that keeps them down by their opponents. Live and let live is not a phase in their vocabulary.

Latest Posts

Canada Created its Own Trade Barriers

Stéfane Marion, chief economist of the National Bank of Canada, has urged the Canadian government to reconsider their own trade barriers amid criticism of Donald Trump’s proposed tariffs. The International [...]
Read more

US Population Rapidly Growing

The population of the United States grew by 1% to 340.1 million in 2024, according to the US Census Bureau, marking the largest population increase since 2000. The nation has [...]
Read more

China Eyes Vacant VW Factories

Germany’s failing auto sector may prove to be an integral power play for China, as Chinese OEMs are eyeing soon-to-be vacant Volkswagen (VW) factories. Volkswagen plans to close at least [...]
Read more

Inflation Soars in Russia

Russia’s CPI reached 9.5% this December as government spending has pulled the reigns away from the central bank. Inflation elevated from 8.9% YoY in November to 9.5%, slightly below expectations [...]
Read more