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Tag: Pensions

EU Govt. Pensions Explode to €63.8 billion

I have said that the European crisis is all about keeping jobs in Brussels, and now the truth is beginning to surface. The long-term cost of pensions for EU...

British Royal Mint Selling & Sorting Gold for Pensions

The British Royal Mint is looking to sell more of its gold reserves in the form of gold bars for pension funds for the first time. They are charging 1% to store it...

New Jersey to Follow Illinois Down the Drain

The New Jersey State Assembly has begun the pursuit of a constitutional amendment to guarantee pension payments for government workers over all other types of state...

401K Coming Crisis – Robbing Your Future for Govt. Employees

401K is a Private Retirement Fund under US Law QUESTION: Martin, I’m still fairly young, so I don’t have a lot saved in my retirement accounts yet, but...

Negative Interest Rates Destroying the World Economy

QUESTION: Mr. Armstrong, I think I am starting to see the light you have been shining. Negative interest rates really are “completely insane”. I also...

Illinois on the Brink of Bankruptcy

The pension crisis is brewing and the one state that appears to be heading toward a complete bankruptcy is Illinois. Clients should not own ANY debt from Illinois,...

The Unfolding Pension Crisis

Part of the collapse in confidence we are experiencing with government stems directly from the fact that politicians engage in far more criminal behavior than...

Europe – Here we GO Again

The European economic crisis just keeps getting worse. The European Commission is now planning to pool all money for bank bailouts among nations. That means the...

Will Illinois Be the First State to Go Bankrupt?

The state of Illinois is in real trouble. The state employees have been bleeding the state dry and are demanding that they raise taxes so they can get theirs. This...

CalPERS – Buying the High in Bonds? Oh Boy.

CalPERS, California Pension Plan for government workers, is adopting policies that demonstrate that they are incapable of managing money. They cannot handle the...