Authored by Shannara Johnson via HardAssetsAlliance.com,
Some experts think it will be the trigger for the next financial collapse. Others call it a “national crisis” of unprecedented proportions.
But what all of them agree on is that there’s no way US pension funds can keep their promises to the next wave of retirees.
Content originally published at iBankCoin.com
Senator Kamala Harris will most likely be the DNC's next Presidential candidate, since they're all about identity politics. She's a pitbull and very effective at rattling cages. A week ago, she was scolded by Senator Burr for attempting to steamroll Rod Rosenstein.
Authored by Michael Hart and StockBoardAsset,
A quick drive through some of the more desolate parts of East Baltimore will give you some insight into a crisis that is consuming not just Baltimore, but almost every corner of the United States.
As the national opioid crisis rages in the midwest and along the northern and mid-Atlantic states, Cuyahoga County has reported yet another disturbing statistic about the growing death toll from one of America’s most pressing health crises: Last year, deaths from drug overdoses in the county – the bulk of which were caused by powerful synthetic opioids like fentanyl – surpassed deaths from homicides, suicides and car crashes combined.
Authored by Robert Huebscher via Advisor Perspectives,
Harry Markopolos, the investigator who exposed the Bernie Madoff Ponzi scheme, has uncovered a new fraud. The unfunded status of the pension fund of the Boston Transit Authority (the “MBTA”) is $500 million bigger than previously thought, according to Markopolos. This will have a significant impact on the municipal bond market, especially if it turns out that the MBTA’s problems are endemic among similar pension funds.