Pension Funds Are Now Evaporating
TheDailyCoin.org
March 1, 2017
This is the first to actually file bankruptcy. Excuse me, this is the first private pension to file bankruptcy. We have already experienced Detroit being defunded by almost 50% (default/bankruptcy) as well as other city pensions threatening to cut payouts, stop lump-sum payouts and other capital control measures to avoid an actual bankruptcy. These pension funds are bankrupt and if your wealth is tied up in these accounts I wish well and hope you take action to reclaim what you have worked for, paid into and were planning on enjoying later in life. I fear if there is too much time before one acts it could be too late.
We have studied, researched and written about this for well over two years. Harry Markopolous, in 2011, tried to warn us about the ongoing theft on a daily basis by the banking cabal – link. CALPers pension program is north of 50% underfunded and losing a little more each and every quarter. – link. These are merely two of the articles that paint a picture of a tsunami of pension bankruptcies in the near future.
This morning we find out, from Martin Armstrong, one of the smaller Teamster pension funds has filed bankruptcy.
This is the first to actually file bankruptcy. Excuse me, this is the first private pension to file bankruptcy. We have already experienced Detroit being defunded by almost 50% (default/bankruptcy) as well as other city pensions threatening to cut payouts, stop lump-sum payouts and other capital control measures to avoid an actual bankruptcy. These pension funds are bankrupt and if your wealth is tied up in these accounts I wish well and hope you take action to reclaim what you have worked for, paid into and were planning on enjoying later in life. I fear if there is too much time before one acts it could be too late.
We have studied, researched and written about this for well over two years. Harry Markopolous, in 2011, tried to warn us about the ongoing theft on a daily basis by the banking cabal – link. CALPers pension program is north of 50% underfunded and losing a little more each and every quarter. – link. These are merely two of the articles that paint a picture of a tsunami of pension bankruptcies in the near future.
This morning we find out, from Martin Armstrong, one of the smaller Teamster pension funds has filed bankruptcy.
The Rest…HERE
