If there is anything that politicians are good at doing it is ignoring potential threats until they suddenly fall out of the sky and bring to their doorstep a slew of angry constituents. Yet before […]
It is perhaps not ironic that the two states that are most in debt are ones that are ruled completely by Democratic politicians. And of course we are referring to California and Illinois. However, at […]
On June 11 Puerto Ricans went to the polls to decide once again whether to remain as a territory, or to apply to become the 51st American state. And with what one could consider as […]
In a place where they have the largest migration of people leaving the state, and are near the top of the list for financial insolvency in the country, on June 1 the ratings agencies of […]
On March 23 it appears that Italy has become the new Greece in the eyes of the ECB and the Troika as Europe’s central banking authorities begin to drop hints that as the ECB begins […]
Despite the unprecedented amount of money spent by both sovereign governments and central banks to bailout financial institutions over the past eight years, a new report from a European think tank has determined that the […]
While several public and private pension funds in the U.S. have had to enforce changes due to massive underfunding, on Feb. 28 a New York Local Teamsters pension fund officially went insolvent and now their […]
Never let yourself be fooled… the SOLE purpose of a central bank is to aid in the profit and stability of their member banks. If by their monetary policies they happen to aid the sovereign […]
As the new market week begins over in Asia and Europe, Italy’s insolvent banking system continues to spiral downward. And where last week the world’s oldest bank was trying to convince 2nd tier debt holders […]
Thanks to programs like Dodd-Frank and others which have allowed Wall Street and pension fund managers to mask the true value of their assets through a scheme known as ‘mark to model’, state, local, Federal, […]
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