Pension System Will Fail! - ".666% of 17 Trillion Dollar System Backed By Reserves!" - WAM
Tim Picciott, The Liberty Advisor reports on the pension crisis we’re walking up on at this moment as it is revealed that only .666% of the 17 trillion dollar pension system is backed up by reserves. Interesting number, isn’t it?
Not only is this unsustainable, but it is extremely dangerous to those holding pensions in this banking crisis caused in part by interest rate risk. It appears we’re only getting started as countless banks face full insolvency and to add fuel to the fire, the pension shortfall has already been a crisis for many years. This dramatically exacerbates and already big problem. Stay tuned for more from WAM!
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Whistler Blowers, Insiders
old folks own 44 trillion in “reserves”–pensions,retirement funds,stocks,savings,real estate–that is what the gooooovermint wants—but when the liquidity crisis goes full bore and everybody calls in their IOUs all at once that 44 trillion will be lucky to hit 4 trillion on market value,some experts say it will be only 5 cents on the dollar,and the dollar will lose major buying power–war is always the end result when debt blows up,currency goes to hell—-it will be interesting how far down the mad max road we end up….
.666% huh? ……..hmmm