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Pension / Retirement Crisis Is Becoming an Underfunded ‘Tsunami’ According to the SEC

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  • Pension / Retirement Crisis Is Becoming an Underfunded ‘Tsunami’ According to the SEC

    By John Rolls (Reporter)



    This article was written by Rory Hall and originally published at The Daily Coin / Alt-Market

    We have detailed this problem over the past 3-4 years warning people about how bad the pensions around the nation have become nothing more than another ponzi scheme. Most, if not all, state, local and federal pension programs are underfunded by 40% or more.

    What we stated a mere two months ago, in September 2018!
    The steam that is building began in earnest in 2012 and has been picking up speed ever since. Look no further than some of the recent events we have documented time and again – Detroit, CALPers, Jeremy Stein, Teamsters and Dallas Pension Fund. All of these events have taken place in less than five years. What will the next four-plus years bring? How much longer should one sit on their hands and watch as thousands upon thousands of people either have retirement stolen or placed on lock-down as is the case with the Dallas Police Pension fund?

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