Saturday, July 11, 2020

U.S. Pension Fund Collapse Isn’t a Distant Prospect. It Could Come in 5 Years.

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from Govt Slaves:

Warnings about looming public pension disasters have regularly cropped up since the 1950s, pointing to problems 25 years or more down the line. To politicians and union leaders, 1 the troubles were someone else’s predicament. Then crisis fatigue set in as the big problem remained down the road.

Today, the hard stop is five to 10 years away, 2 within the career plans of current officials. 3 In the next decade, and probably within five years, some large states are going to face insolvency 4 due to pensions, absent major changes. 5

There are some reassuring facts. 6 Many states are in pretty good shape, and many others still have time and resources to fix things. 7 There is no serious chance of retirees being impoverished. What’s in doubt is whether states will pay promised benefits to retirees with large pensions or significant outside income or assets. 8 Also, although most of the problem is created by politicians and union leaders cutting deals to promise future unfunded benefits to keep voters 9 happy, there are also plenty of stories of politicians and union leaders risking their careers to stand up for honest pensions. 10

EUROPEAN CENTRAL BANK TO DEUTSCHEBANK: SIMULATE A CRISIS

by Joseph P. Farrell, Giza Death Star:

With all the Syria and Skripal goings-on, you may have missed this one, and it’s a biggie. This article was brought to my attention by Mr. L.G.R., and it’s one of those that invites “careful reading between the lines.” The story? The European Central Bank (based in Frankfurt), has ordered Deutsche Bank (also based in Frankfurt), to prepare a “crisis scenario”:

ECB Tells Deutsche Bank To Simulate A “Crisis Scenario”

Now, I have no doubt that banks, corporations, government finance ministries and regulatory agencies probably run such games and scenarios all the time. It’s the financial equivalent of a wargame, and this, indeed, is what we’re being reassured of here, toward the end of the article:

Soros funded NGO relocates to Germany following Hungary’s anti-NGO law

by Frank Sellers, The Duran:

George Soros’s leading NGO in Hungary, the Open Society Foundation, is relocating to Berlin following the implementation of a recent law, known as the ‘Stop Soros Act’, aimed at reigning in Soros’s influence in the country.

Under the new law, NGOs which advance illegal immigration policies will be required to pay a 25% tax on foreign donations and report their activities to the Hungarian government.

With Viktor Orban’s reelection as Prime Minister, and his party, Fidesz, taking the reigns of power in the Hungarian parliament, the passage of the law seems to be imminent.

Huge drug (pharma) money changes hands in high-level financial deals—why?

by Jon Rappoport, No More Fake News:

These are notes on money-musical-chairs among drug companies. Big-time money.

Clues as to why there is such a tidal wave of cash:

One: Consolidation, of course. Fewer giant companies, who have greater control over the market, are too big to fail, and have more lobbying power with governments.

Two: The companies are making deals left and right to temporarily give stockholders and prospective investors the impression that “something good” is happening, while concealing the fact that numerous new drugs in the testing pipeline are failing to produce beneficial results, and are unsafe. Sleight of hand.

Developing: Obama CIA Chief John Brennan Made Secret Visit to Russia Around Same Time as Fusion GPS Produced anti-Trump Memos

by Jim Hoft, The Gateway Pundit:

Well isn’t this interesting.

Obama CIA Chief John Brenna, who is fiercely anti-Trump, made a secret visit to Moscow in March 2016.

Weeks later in June Christopher Steele with Fusion GPS, who was hired indirectly by Hillary Clinton, produced his first anti-Trump memo.

Via The Donald Reddit:

Chilling Confirmation The ‘Conspiracy Theorists’ Were Right All Along As James Comey Verifies The ‘American Hydra’ Is Real

by Stefan Stanford, All News Pipeline:

– This Is Why America Continues To Spiral Into The Abyss!

In this brand new story over at the Daily Mail, their report is chilling confirmation of what ‘conspiracy theorists’ have long warned of but what the mainstream media apparatus has long called a ‘conspiracy theory’:

“There is a deep state working toward what they see as the interests of the United States”

and

“It’s a collection of people, CIA, NSA, FBI in the United States military services who care passionately about ‘getting it right'”.

Those statements were just made by none other than James Comey during a stop on his new book tour and who, according to this new story from Tyler Durden over at Zero Hedge, has just been named in a criminal referral letter along with Hillary Clinton, Loretta Lynch, Andrew McCabe and ‘lovebirds’ Peter Strzok and Lisa Page issued by 11 members of Congress to Attorney General Jeff Sessions, Attorney John Huber and current FBI Director Christopher Wray which we’ve embedded in its entirety at the bottom of this story.

SKULL & BONES SECRET SOCIETY WARNS IMPOSTER PRANKING YALE STUDENTS

from InfoWars:

Pranks could damage secretive fraternity’s reputation, expert says

Someone at Yale University is using the Skull & Bones fraternity’s “mysterious nature” to prank students into performing humiliating tasks with the promise of inducting them into the secret society, the AP reports.

Yale police say they’ve received calls from three students who said they were contacted by an anonymous caller claiming to be a Skull & Bones member.

Interview With Boy In ‘Chemical Attack’ Video: ‘We Didn’t See Any Chemical Attack Symptoms’

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by Mac Slavo, SHTF Plan:

A new interview with the now infamous boy in the alleged chemical attack video used as a justification for the United States-led bombing of Syria is adding more doubt to the official narrative. The boy says he was told to go to the hospital where people started dousing him with water.

One of the main “characters” in the footage at the hospital is a water-soaked boy, who is seen being sprayed with water by people who claim to be “rescue workers.” It’s not clear whether they are doctors from the hospital, human rights activists, or White Helmets members. The latter usually make such videos and send them to news agencies, including Reuters.