Spreading the truth. Empowering the people.
European banks could need as much as 400 billion euros ($442 billion) in capital to comply with new rules aimed at making the global financial system better able to bear … Read more
via QZ: Financial disaster is looming, and not because of the stock market or subprime loans. The coming crisis is more insidious, structural, and almost certain to blow up eventually. … Read more
via publicfinanceinternational: Funding shortfalls for state and local pension funds are a key source of fiscal fragility in the United States. Research by IMF economists indicates that government employee pension fund assets … Read more
FRANKFORT – In 2000, Kentucky’s public retirement plans were fully funded. Since then, they’ve accumulated nearly $43 billion in debts — making Kentucky’s pension system one of the worst-funded in … Read more
by DCG When the “Affordable” Care Act was passed, it expanded tax-payer funded health coverage through Medicaid. States that agreed to participate and expand eligibility would be reimbursed by the federal … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the coming pension crash as Jeff Desjardin predicts that the global pension shortfall will reach 400 trillion by the … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Just add tax cuts and ballooning expenditures. The media chose to silence the report to death. “If a tree fell in a forest and nobody … Read more