Spreading the truth. Empowering the people.
BY JOHN RUBINO To understand the impossible situation in which most retirees find themselves, let’s begin with interest rates. When governments raise or lower the cost of credit, they’re communicating with … Read more
by Jason Burack via Wall St For Main St For the first time in years, a major public pension system has slashed benefits for retirees: The Ohio Public Employees’ Retirement System voted last … Read more
by Josh Sigurdson and John Sneisen of World Alternative Media Josh Sigurdson talks with author and economic analyst John Sneisen about the pension crisis affecting The Netherlands and what it says about retirees worldwide as … Read more
By John Mauldin Remember “defined benefit” pensions? That is the kind of plan in which the employer guarantees the worker a set monthly benefit for life. They are increasingly scarce … Read more
From Birch Gold Group The bull market in stocks over the last decade hasn’t helped public pensions much. Officially, they acquired $8.8 trillion in liabilities, yet they remain 48% underfunded. You can … Read more
by Simon Black of Sovereign Man On Friday evening, the government here in Puerto Rico made an announcement to local retirees that many of them would have their pensions cut. Poof. Just like … Read more
Eyeing That Sweater? It’s Yours in Four Easy Payments Fintech firms pitch installment plans to consumers increasingly reliant on borrowing Sean Gauthier wouldn’t think of using credit cards to buy … Read more
From Birch Gold Group Public and private pensions are in trouble. There needs to be a major overhaul to the way pensions are operated or they will likely go extinct. Worldwide, pensions … Read more
From Birch Gold Group The trade war between the U.S. and China has escalated once again. Except this time, China signaled its intention to weaponize the yuan to combat tariffs issued … Read more
Wolf Richter of Wolfstreet.com actually ran the numbers of how much governments steal per year through financial repression from savers and retirees in the US alone. So now we have … Read more
From Birch Gold Group It seems like the market is responding urgently to what the Fed has been saying about rate cuts, as the market has been on a rather unusually long bull … Read more
From MarketWatch: First the good news: As you know, the stock market has surged for more than a decade. Since the recession low of March 9, 2009, the S&P 500 has rocketed … Read more
via MarketWatch: First the good news: As you know, the stock market has surged for more than a decade. Since the recession low of March 9, 2009, the S&P 500 SPX, -0.62% has … Read more
From Birch Gold Group Whether or not you’re relying on a pension for part of your retirement, there is a grim future on the horizon for retirees tied to the pensions’ demise. John … Read more
by Lance Roberts Mark Hulbert recently wrote a piece suggesting “Retirees Should Not Fear A Bear Market.” To Wit: “Don’t give up hope. I’m referring to what many retirees are most afraid … Read more
From Birch Gold Group Retirees already have plenty of things to be concerned about. Now, they can add tax planning to the list. Anyone who has taxable income files a tax return each … Read more