charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, SEPTEMBER 10, 2014
The money-shot: “People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.”
Here is the quote that perfectly captures our era: “People of privilege will always risk their complete destruction rather than surrender any [...]
testosteronepit.com / By Wolf Richter / JUNE 11, 2014 AT 1:28AM
Public pension plans of states and cities have been in a heap of trouble for years. Promises of juicy pensions after a relatively short time on the job, with many decades of life expectancy remaining, are easy for politicians to make [...]
armstrongeconomics.com / By Martin Armstrong / June 5, 2014
The reason politicians are so dangerous is because they will never admit a mistake. Instead, they dig our grave ever deeper. In truth, they act no different from the management of ENRON. The only difference, they are never prosecuted for their frauds. Nonetheless, human nature [...]
dollarvigilante.com / Wendy McElroy / May 2nd, 2014
Chicago dances on the edge of a fiscal cliff.
It is the third largest city in the US with a population of 2,714,856 as of mid-2012. It is the economic engine of Illinois. If Chicago falls, especially into bankruptcy, then the entire state [...]
goldcore.com / By Mark O’Byrne / 25 April 2014
Pensions Exposed Without Diversification To Gold As Pensions ‘Time Bomb’ Looms The ‘pensions time bomb’ looms: pension funds lack of diversification, and over exposure to traditional assets may cost pension holders dearly according to research we have just released. Pensions allocations to gold are very low [...]
goldcore.com / By Mark O’Byrne / 15 April 2014
85% OF PENSION FUNDS WILL GO BUST WITHIN 30 YEARS
The “pensions timebomb” keeps on ticking and as societies we become less prepared by the day.
Yet another report shows that the US public pension system is in dire straits. This one comes from renowned hedge [...]