The insolvency at CalPERS has exceeded $100,000 owed by every private citizen in California to government employees. It was $93,000 that every Californian owed back in 2016 for their state employees. In January 2017, Jerry Brown wanted a 42% increase in gas taxes to bailout CalPERS. California is an extremely liberal state – but that means they are also LIBERAL in spending the FUTURE earning of residents on public employees.
The State looks to be totally bankrupt by 2021-2022
Jerry Brown will do everything in his power to raise taxes and fees to try to hold CalPERS together. That is by no means a long-term solution. If you can transfer to one of the 7 states without income state – do it NOW before it is too late.
(Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming, New Hampshire and Tennessee)
The collapse of Socialism (aka: Leftism) is unfolding before everyone’s eyes
Politicians make promises all the time, then they break them. If a fund manager took your money said they will pay you 25%, then reduce it to 20%, then 15%, then 5%, then say it is theirs, isn’t that FRAUD?
Not in politics. That is why Socialism fails.
Socialism cycle of death — RIP 2032
‘The welfare of the people in particular has always been the alibi of tyrants, and it provides the further advantage of giving the servants of tyranny a good conscience.’
– Albert Camus
Socialism has been the bribing of the population and it has been the worst side of democracy – the denial of equal protection of the law based upon wealth. Earn more than someone else and you are evil and they cheer politicians who say they will go rob them legally and give it to you. This is no different than racism or denying equal protection to any group based upon gender, creed, ethnicity, or association of some kind. So yes, the people voted for politicians based upon greed and being bribed. Socialism even violates the Ten Commandments – thou shalt not covet their neighbor’s goods. How can you pretend to go to church on Sunday and then justify robbing others under cloak of good intentions called SOCIALISM?
— Martin Armstrong
Government Missing Over 21 Trillion, Massive Pension Scam, Catherine Austin Fitts (1 of 2)
Catherine Austin Fitts joins the program to discuss her latest research in the the Pension Fund scam and the missing trillions for the U.S. Government. She explains how Michigan State University professor, Dr. Mark Skidmore, helped identify the missing trillions and how that sent a shock wave through Washington as the truth becomes more apparent by the day. In Fitts normal style, she educates listeners in an articulate yet easy to understand way shining much needed light onto corrupt areas of our government.
Government Missing Over 21 Trillion, Massive Pension Scam, Catherine Austin Fitts (2 of 2)
h/t No Dhimmi