by Rory Hall, Daily Coin:
We have reported on CALPers, Illinois and the Teamsters Pension funds being nothing more than a shell with little more than I.O.U.’s in the vaults. This is to say nothing of what happened in Detroit when that city filled bankruptcy or Dallas Pension Fund. Bankers are making out like the bandits they are, and your pension fund, yes yours, is possibly bankrupt. Believe what you will, but if you are counting on a state or city pension fund you may want to consider thinking about making other arrangements. This is not financial advice, as we do not offer financial advice. It might make sense to someone that is concerned about their future to think about what all these ringing alarm bells mean to you.