marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
bailout
10/09/2020
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By Ramon Tomey
Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class, which is being deliberately CRUSHED
Forty-three-year old Alysse Hopkins and her husband Ian Boschen earned a comfortable living in the suburbs of New York City. Their combined income of $175,000 covered the mortgage, two car leases, student loans, credit cards and the expense of raising two daughters. But Hopkins’ work as a lawyer representing clients in foreclosure cases and personal […]
07/27/2020
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By News Editors
Welcome to the Third World, part 31: California makes its case for a bailout
Just a few months ago, California was running surpluses and spreading the wealth around — at least to its affluent voters and public sector employees — as if the good times were here to stay. (Article by John Rubino republished from DollarCollapse.com) Fast forward to the present and it’s all over. Tech stock IPOs – […]
04/13/2020
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By JD Heyes
Are you ready for the big pension fund bailout of 2020? Governors who imposed coronavirus lockdowns now want taxpayers to cough up $500 billion
We’ve been carefully monitoring the fiscal health of several states with mounting pension fund debt for several years because a couple of them have been teetering on the edge of bankruptcy. One of them was California, but thanks to the omnipresence of successful tech start-ups in Silicon Valley, the state’s Democrats who created the pension […]
03/22/2020
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By Mike Adams
Are you ready for the “F-U-shaped” recovery? … I need another hit of my bailout money
Even though the coronavirus hasn’t yet infected even 1% of the US population — and the market has only just begun to bleed off insane hypervaluations that made no financial sense — many Wall Street pundits are already talking about the recovery they hope is imminent. The more optimistic stock market cheerleaders tell us it […]
10/08/2019
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By JD Heyes
The pension apocalypse begins as GE freezes benefits for 20,000 employees
One thing the Democrat Left has always been good at is spending other people’s money. Whether it’s Democrat lawmakers spending trillions of dollars our country doesn’t have or their allies in the Left-wing labor union sector forcing companies to expend money in worker benefits beyond what is reasonable, there never seems to be enough money […]
07/29/2019
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By Tracey Watson
It’s now obvious: The taxpayers of Illinois will have their incomes confiscated to fund increases for overpaid teachers … GET OUT while you still have your wallet
A month ago, Chicago Mayor Lori Lightfoot insisted that the city’s pension funds were facing bankruptcy and demanded an urgent multi-billion-dollar bailout from the state. Governor J.B. Pritzker disagreed and denied her request, making it safe to assume that the funds continue to face the same serious problems. It came as something of a shock, […]
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