Pension Crisis to Affect Citizens of All 50 States

A major pension crisis has made its way to Harvey, Illinois. Now, the whole State might suffer while you foot part of the bill…


Peter Reagan, November 27, 2018

In a city with 20% unemployment, property taxes over 5%, and home values declining by 80% over the last decade, greed and incompetence from Harvey, Illinois’ government seem to have a higher priority over solving economic problems.

Since Illinois doesn’t allow cities to file bankruptcy on pension debt, each fund has to be “paid.” So Harvey has to cough up tax revenue to pay down its debt.

But the funds aren’t there, and robbing Peter to pay Paul can only last so long.

Citizens of All 50 States Will be Affected

The pension crisis unfolding in Illinois serves as a stark warning to local governments across the country.

According to a mid-2017 report by Lombardi, all 50 states might experience profound pension challenges:

“A study of the 649 different pension systems…found systematic problems with the assumptions underlying many trusts… This will have profound effects on citizens of all 50 states… In short, a pension crisis is in the works.”

The “crisis in the works” is unfolding, now. Back in 2012, 37 of 50 state pension plans were underfunded. Six years later, almost every single state in the Union has an “unbalanced budget due to runaway pension costs”.

Plus, outdated State pension plans are eating up the tax revenue of their respective state budgets.

How to Hedge Against the Risk

As “hidden debt” eats away at state budgets, you might end up footing the tax bill. The implosion of an outdated pension system could result in retirees losing all of their retirement benefits.

Don’t leave your hard earned savings exposed. That’s why so many have already moved their savings into something that’s proved, time and time again, to protect against economic uncertainty: physical gold.

While you still can: Get a FREE Info Kit on Gold here. There is zero cost and zero obligation to you – we’ll even pay for shipping.

Plus, this 16-page “insider’s” guide reveals the little-known IRS Tax Law to move your IRA of 401(k) into an IRA backed by physical precious metals – without paying any taxes on the transfer.

It’s an excellent option for anyone who wants to take advantage of this opportunity with any savings in their retirement account.

But remember, you must act soon. Once the crisis completely unfolds, it may be too late to take advantage of this opportunity. To get started, click here to get this free info kit on gold.


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Big Banks in Trouble for Being Unethical with Your Money

Several big banks are getting in trouble for unethical practices. Here’s how the resulting uncertainty in the market could have ripple effects on the economy…


Peter Reagan, November 29, 2018

It starts with Wells Fargo. Today they’re facing a $1 billion fine for auto and mortgage loan abuses from 2016. Of course, this isn’t the only time they’ve been under the gun.

In 2017, the bank was accused of falsifying records so it could blame borrowers for problems in processing.

That’s not a typo. But the funds aren’t there, and robbing Peter to pay Paul can only last so long.

But while it’s easy to pull examples of unethical activity from Wells Fargo, they aren’t the only one…

Big Banks Facing Legal Trouble Left and Right

In January, JPMorgan Chase decided without warning to stop letting its customers buy cryptocurrencies with credit cards and instead began to treat such purchases as cash advances. As a result, they’re now facing a lawsuit in federal court.

And Bank of America was sued by the FDIC in 2017 for underreporting a key metric that would have altered the risk level for the bank. The bank has already been sued numerous times recently for fraud, misleading investors, and screwing over customers.

Bottom line, since 2012, these 3 big banks have been playing dangerous games with your money.

How to Hedge Against the Risk

As big banks continue their unethical practices, the money you’ve trusted with these banks could be at risk.

Don’t leave your hard earned savings exposed. That’s why so many have already moved their savings into something that’s proved, time and time again, to protect against economic uncertainty: physical gold.

While you still can: Get a FREE Info Kit on Gold here. There is zero cost and zero obligation to you – we’ll even pay for shipping.

Plus, this 16-page “insider’s” guide reveals the little-known IRS Tax Law to move your IRA of 401(k) into an IRA backed by physical precious metals – without paying any taxes on the transfer.

It’s an excellent option for anyone who wants to take advantage of this opportunity with any savings in their retirement account.

But remember, you must act soon. Once all the unethical practices are exposed, it may be too late to take advantage of this opportunity. To get started, click here to get this free info kit on gold.


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