CalPERS Posts Gain of Just 2.4%
CalPERS (California Public Employees’ Retirement System) posted a profit of just 2.4% for its fiscal year (which ended on June 30) that was well below its 7.5% investment target. This is illustrating...
View ArticleThe Age of Deflation & the Fed
It appears that many people are married to the idea that the Fed creates INFLATION by expanding the money supply. Sorry, it does not work that way. Others confuse the fact that interest rate increases...
View ArticleChicago Wants to Tax Video & Music on Internet
Governments are the worst possible invention of humankind for they merge the rule of law with their self-interest to exploit the people for their own subsistence. Chicago is broke because it cannot...
View ArticleThe Markets Opening August 25, 2015
The world share markets remain volatile yet should begin to stabilize now showing tentative signs that the panic of Monday is starting to subside. The reported epicenter of Shanghai for the rout,...
View ArticleCalPERS – 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 “volatility” in stocks so they are...
View ArticleWill 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 is the poster state for government...
View ArticleEurope – 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 funds set aside in Germany to weather...
View ArticleClik here to view.
The Markets Opening August 25, 2015
The world share markets remain volatile yet should begin to stabilize now showing tentative signs that the panic of Monday is starting to subside. The reported epicenter of Shanghai for the rout,...
View ArticleClik here to view.
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 “volatility” in stocks so they are...
View ArticleClik here to view.
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 is the poster state for government...
View ArticleClik here to view.
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 anyone in the corporate world. While...
View ArticleClik here to view.
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, be it city, municipal, or state....
View ArticleClik here to view.
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 now see that months after you wrote about central...
View ArticleClik here to view.
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 I’ve been maxing out my IRA for the last few...
View ArticleClik here to view.
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 spending. This would naturally...
View ArticleClik here to view.
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 and then they want VAT tax on top of...
View ArticleClik here to view.
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 officials has increased very sharply...
View ArticleClik here to view.
German Private Health Insurance up 11% Thanks to Pension Crisis
Private health insurance in Germany now faces a massive contribution increase in 2017 of more than 11%. Add to this the banking crisis and we will start to see the core economy in Europe turn down...
View ArticleClik here to view.
Freedom Caucus & Big Bang
I have been warning that we are headed directly into the collapse of socialism; not capitalism, simply because politicians have been bribing people’s votes with all sorts of promises they never...
View ArticleClik here to view.
The Pension Crisis –&– The Crash & Burn
QUESTION: Hi Marty – Question: You have blogged about the pension crisis and how Illinois and California on the brink of bankruptcy. Does this mean that other states which you don’t mention, like...
View Article