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Moody's: Modest Downside Could Spark $3 Trillion Surge In Pension Liabilities

Moody's: Modest Downside Could Spark $3 Trillion Surge In Pension Liabilities

Some very simplistic math from Moody's helps to shed some light on just how inevitable a public pension crisis is in the United States.  Analyzing a basket of 56 public plans with net liabilities of $778 billion, Moody's found that just a modest downside return scenario over the next three years (2017: +7.2%, 2018: -5.0%, 2019: 0%) would result in a 59% surge in new unfunded liabilities.  Moreover, given that total unfunded public pension liabilities are roughly $5 trillion in aggregate, this implies that a simple 5% drop in assets in 2018 could trigger a d

America Divided: "Summer Of Rage" Accelerates

America Divided: "Summer Of Rage" Accelerates

Via StockBoardAsset.com,

Earlier this year, we broke the story of 4 Chicago Teens In Custody After Broadcasting Kidnap Of Trump-Supporter Live On Social Media . It was a gruesome news event displayed for the world to see on Facebook Live. The victim was repeatedly kicked and hit, partially scalped, all while he was tied up with his mouth taped shut. The suspects in the video could be heard yelling, “F*** Donald Trump! F*** white people!”. 

Stockman Warns "A Great Big Coup Is On The Way"

Authored by David Stockman via The Daily Reckoning,

So let’s start with an obvious point about the whole Russia fiasco…

Namely, there is no “there, there.” First off, the president has the power to declassify secret documents at will. But in this instance he could also do that without compromising intelligence community (IC) “sources and methods” in the slightest.

The US Criminal “Justice System” is Devoid of Justice

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The US Criminal “Justice System” is Devoid of Justice

Paul Craig Roberts

In 1992 Fran and Dan Keller were convicted despite the absence of any evidence of raping a 3-year old, a crime that never occurred. Among the absurd charges was the transport of children to Mexico to be raped by military officials. The Kellers spent 21 years in prison before finally being exonerated by a conviction integrity unit that found no credible evidence for the conviction.

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