Pending Pensions Crisis: How, Why and High-Grade Tsunami Warning

Last year, the World Economic Forum referred to the growing pensions crisis as the financial equivalent of climate change.”  That’s because retirement nest eggs, whether in the public or private sectors, have been in dire circumstances since at least as far back as the 2008 Financial Crisis, and there are no credible signs of correcting them anywhere in sight. 

THIS factor – the ailing pensions platforms in the US and abroad – is therefore where the rubber meets the road in terms of viable economic performance, not how well the Dow Jones or S&P indices – or how cryptocurrencies, even – are doing.  In fact, despite record runs in securities markets over the past nine years – something routinely touted by governments and their corporate press tentacles as “proof” of an economic recovery from “The Great Recession” – equivalent percentage rises in allocated pension investment schemes haven’t matched.  A core dilemma facing many pension funds now is how to protect themselves from blowing up without in turn bankrupting the cities, municipalities and other entities that pay into them in order to provide for their workers’ retirement needs!!!

If you’re anywhere within the middle class – upper, middle, lower, whatever – or certainly lower than middle class and watching this, you’ll need to pay warranted, possibly vastly overdue attention to the biggest financial elephant in the room since easy mortgage lending Ponzi Schemes of over 12 years ago somehow also missed necessary emphasis in the financial broadcasts on NPR, CNBS, and other prescribed corporate economics news.  If you’re anywhere within the wealthy classes, including not only the so-called 1%, but more so in the 0.0000666% (yes, that’s essentially around 5,0000 people out of the global population who constitute the elite of the financial & governing elite…), then yes, turn off your mobile devices and occult seances and pull up a chair or three, as this involves your further catastrophic mismanagement of the wider public’s finances, possibly by design…

In this episode of Money & Fear, and in the show’s detailed Show Notes listed under the videos on our website, we’ll review public pensions – like CalPERS in California, which is the largest in the US – as well as private ones transatlantically to see how and why unravelling pension investments and entire organizations practically promise to underwrite the next financial crisis.  Take notes and get defensive, because as they say, “defense wins championships”…

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Show Notes

Is Fed Pumping Stocks To Keep Pensions Solvent?

1.5 Million Retirees Await Congressional Fix for a Pension Time Bomb

But, What About The Housing Market?

Goldman says this may become the longest economic expansion in history

Dow Jones - 10 Year Daily Chart

FTSE 100: PERFORMANCE

FTSE 250: PERFORMANCE

About A Bullish Bond Outlook

Vanguard Corporate Bond ETF (VTC) Review: Is It Worth Buying?

UK Pensions and Debt Time Bomb: £1 Trillion Crisis Looms

Pension crisis is financial equivalent of climate change, says WEF

Frequently Asked Questions About 401(k) Plan Research

America’s Pension Crisis Is About To Detonate

The Pension Crisis Is Starting to Hit Home. School Choice Might Be the Only Answer.

UNACCOUNTABLE AND UNAFFORDABLE: UNFUNDED PUBLIC PENSION LIABILITIES EXCEED $ 6 TRILLION

1.5 Million Retirees Await Congressional Fix for a Pension Time Bomb

Can UPS Proposal Fix Pension Crisis? Some Think It Can

Pension Benefit Guaranty Corporation – 2017 Annual Report

Bracing for a new era of lower investment returns

The Looming Pension Crisis

Become a Board Member Candidate - CalPERS

Commentary: California’s public pension crisis in a nutshell

"CalPERS Is Near Insolvency; It Needs A Bailout Soon" - Former Board Member Makes Stunning Admission

Steve Westly: California pensions are its $206 billion elephant in the room

Bitcoin (USD) Price: CoinDesk

Despite risks, public pensions put faith in long-term returns

A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)

The Westly Group – Venture Capital Fund website

Vanguard's Bogle sees pension pain in low bond returns

CalPERS posts worst year since 2009, with slim returns

Hoover Institution Releases 2017 Study Highlighting Unfunded Liabilities Of State And Local Governments

The Disturbing Trend That Will End in a Full-Fledged Pension Crisis

Commentary: Surging pension costs push more California cities toward bankruptcy

Opinion: Collapsing pensions will fuel America’s next financial crisis

Local teachers rally in Franklin amid pension crisis

Kentucky teachers shut down schools in protest over the pension bill. Here's what we know

Counties face increased pension costs

The Spectacle Blog - The State Level Pension Crisis: Florida Edition

South Carolina's Pension Plan is $24 Billion in Debt

The Not So Hidden Hand: Government & Wall Street Manipulation of Stock Markets

The Federal Reserve is About To Pull The Plug: Prepare For ‘Quantitative Tightening’ & ‘Creative Destruction’

Time To Start Looking At The Looming Pensions Crisis

S&P 500’s Biggest Pension Plans Face $382 Billion Funding Gap

Rock-Bottom Yields Dig Hole for Pensions

Pensions are sitting on a global time bomb, warns WEF

Women’s Pension Crisis Highlights Dangers To Savers

Thousands of UK Toys R Us jobs saved after deal with pensions body

Ex-BHS owner Dominic Chappell in court over alleged pension failures

Capita: more than £1bn wiped off value of UK government contractor

UK Pensions and Debt Time Bomb: £1 Trillion Crisis Looms

Pension Crisis: Former California State Controller Warns About CalPERS

Social Security trust fund will be depleted in 17 years, according to trustees report

Social Security, Medicare Face Insolvency Over 20 Years, Trustees Report

It’s official: The Senate health-care bill is about cutting Medicaid

U.S. Military Budget: Components, Challenges, Growth

EFFICIENT, EFFECTIVE, ACCOUNTABLE AN AMERICAN BUDGET BUDGET OF THE U.S. GOVERNMENT OFFICE OF MANAGEMENT AND BUDGET – FISCAL YEAR 2019

What Is a Fiscal Year? Examples Using the Federal Budget

What Is the Federal Budget?

How Does It Work?

Social Security Trust Fund: History, Solvency, How to Fix It

Will It Run Out?

U.S. a Global Leader in Military Spending: National defense budgets may affect global perceptions of power.

These charts show the immensity of the US' defense budget

*For additional footnotes and links refer to the Newsbud article link above

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Comments

  1. John Phillips says:

    Cut to the chase….the powers that be want our pensions! Remember when we had a automobile industry along with the associated pensions of millions of people. Then the head hunters, otherwise known as CPAs and Economists were hired to manage them….all of a sudden pensions were something they “hoped” to provide but was not “promised.” What? Then is all disappeared. Not…it went into the pockets of the 1%, as with any downturn in markets/

    In those days when you interviewed for a job you looked to the “pay package.” That included salary, vacation, medical, and retirement. It was expected…

    Calpers is being systematically being taken apart and left venerable to the next down turn. This is a plan…not a mistake. Remember when George W wanted to privative Social Security just before the 2008 meltdown?

    Everything is on the chopping block this go around.

    Any solutions or recommendations or are we just getting the word out?
    Best

    • Pye Ian says:

      Thanks John. Solutions are hinted at at the end, where I mention government military spending in the hundreds of billions while dissipating pensions & lack of general wage growth get ignored. In the wider sense, it involves mass attention being shifted toward alerting all aspects of the federal and state governments to get ahead of this approaching macro-fiscal train wreck, yet the majority of citizens prefer to remain distracted. The Teamsters & others in the private sector like UPS are trying to work with government to arrive at ‘soft landings’ for their members’ pensions & the wider system, yet everyone else considers it too obtuse to try and decipher, let alone potently deal with. The same patterns here as I saw directly 12 to 14 years ago in the mortgage, housing & wider credit markets. ‘Someone else will figure it out…’

      Acutely, and as far as what we here at Newsbud are concerned, the need for wider public awareness of the disconnected math – at the very least – referenced in said piece … is the critical first step, IMO. The public won’t care if they don’t know.

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