“We’re Heading For Very, Very Bad Places”: Dave Collum’s ‘Pandemonium’ Podcast…”The pensions are all underfunded”

Friday, December 27, 2019
By Paul Martin

by Tyler Durden
Thu, 12/26/2019

The only thing nearly as enlightening (and time-consuming) as reading David Collum’s epic Year In Review is listening to him and Chris Martenson discuss its highlights. So strap in, grab some eggnog, and listen to this year’s recap:

We are so close to a financial crisis now that we may be way, way past the fail-safe.

We’ve got all these unfunded liabilities that we have to pay or face the consequences of — and they are fantastically enormous.

The pensions are all underfunded — at the top of a financial asset price bubble, mind you.

Social Security is a disaster. And we’re promising so much medical help for everyone that is now profoundly expensive.

There are so many things out there that are unmoored. The Fed is unmoored. The digital world is taking us to this digital gulag, in my opinion — I don’t think I’m being hyperbolic.

I think we’re heading for very, very bad places.

Click the play button below to listen to Chris’ interview with David Collum (84m:24s).

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