unfunded liabilities / 3 posts found
2018 Will Finally Bring The Pension Crisis to Light-Pension Crisis Unfold 2018
In this video I go over an article that explains how in 2018 the magnitude of the Pension Crisis will finally come to light. This will be done by one item. Starting in 2018 the Governmental Accounting Standards Board (GAAP) for state and local governments will force individuals to record health care liabilities on their balance sheets. Pew Charitable Trusts estimates the national short fall will add up to 645 billion. This is already top of the estimated 1.1 trillion in unfunded pension liabilities they already had. No matter how you cut it 2018 will finally bring the Pension crisis […]
Retail Store Closings and The Upcoming Pension and Insurance Crash
In this video I revisit the retail store closings and how they are going to have a direct line to a insurance and pension crash in the upcoming future. Many people are unaware that many pensions and insurance companies put their money in these outlets because they were considered safe. No one could blame them for the thought process however the financial landscape has changed.
Social Security Insolvent-Just 17 Years And Social Security Is Done For
In this video I cover an article from American Thinker discussing the huge problem with Social Security. Social Security is set to go bust in 17 years. Last year 2016 Social Security was 54 billion in the red. Social Security is now paying out much more than its taking in. Many who receive Social Security make up the middle class making this a huge issue. These are your parents, grandparents who once squeezed will be a financial burden to all who come after them.