Authored by Nick Giambruno via InternationalMan.com,
Public pensions are a financial time bomb... and I see two ways to profit from the explosion.
In the US, unfunded public pension liabilities have surpassed $5 trillion. And that’s during an epic stock and bond market bubble.
Predictably, the government’s go-to “solution” is already making matters worse.
At first, distressed states simply increase taxes.
Submitted by Brad Hoff via The Canary
The fires which began with the 9/11 attacks were never extinguished. They continue to burn fiercely from Afghanistan to Iraq to Syria to Yemen to North Africa, as the region and its regimes came unglued in the wake of George W. Bush’s ‘war on terror’.
Authored by Ryan McMaken via The Mises Institute,
Authored by Simon Black via SovereignMan.com,
Late yesterday afternoon the federal government of the United States announced that the national debt had finally breached the inevitable $20 trillion mark.
This was a long time coming. It should have happened back in March, except that a new debt ceiling was put in place, freezing the national debt.
For the last six months it was essentially illegal for the government to increase the debt.
Authored by Lance Roberts via RealInvestmentAdvice.com,
In this past weekend’s newsletter. I discussed the potential for the market to hit new highs. To wit: