by irdadmin | Feb 20, 2024 | Financial Markets, Market Manipulation, U.S. Economy
Calpers – the California Public Employee Retirement System pension fund has borrowed 8% of its assets in order to load up on risky stocks. From the Financial Times: “Calpers, the largest pension plan in the US with $452bn in assets, had total fund leverage...
by irdadmin | Mar 3, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Dr. Paul Craig Roberts sent me an article by Catherine Austin Fitts and asked if I had read it. The article is titled, “The State of America’s Pension Funds.” The article is worth reading, though I believe Ms. Fitts underestimates significantly the...
by irdadmin | Feb 26, 2018 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
The pension crisis is inching closer by the day. @CalPERS just voted to increase the amount cities must pay to the agency. Cities point to possible insolvency if payments keep rising but CalPERS is near insolvency itself. It may be reform or bailout soon. –...
