Tag Archives: system

Chicago Levies PlayStation Tax To Pay For Bankrupt Municipal Pension System And Massive Deficits – Confounded Interest

Chicago IL (should be ILL) is the poster child for an insane pension program (mostly to municipal workers and public school teachers). But not only in the city of Chicago, but the state of ILLinois as well. Consider that the unfunded liability in the state’s combined retirement systems has risen in 11 of the state’s past 12 years—despite a roaring ...

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The Implicit Desperation Of China’s ‘Social Credit’ System

Other governments are keenly interested in following China’s lead… by Charles Hugh Smith via Of Two Minds Other governments are keenly interested in following China’s lead. I’ve been pondering the excellent 1964 history of the Southern Song Dynasty’s capital of Hangzhou, Daily Life in China on the Eve of the Mongol Invasion, 1250-1276 by Jacques Gernet, in light of the Chinese government’s ...

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Keith Weiner On The RMC Bankruptcy And What It Says About Our Current Monetary System

What could be going on over at Republic Metals, and what does it say about our broader monetary system? Here’s Keith with some insight… by Keith Weiner of Monetary-Metals So this happened: Republic Metals, a gold refiner, filed bankruptcy on November 2. The company had found a discrepancy in its inventory of around $90 million, while preparing its financial statements. We are not going ...

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This SHOCK ANNOUNCEMENT Collapses Confidence & Trust In Australia’s Financial System

The Australian government has made a shocking announcement regarding the banking system’s top regulator. John Adams explains the implications… by John Adams from Adams Economics Australians John Adams and Martin North discuss the shock announcement by the Australian Government to re-appointment globalist regulator Wayne Byres (who previously served at the Bank for International Settlements) to a new 5 year term as Chairman of ...

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Emerging economies stockpiling gold in expectation of US dollar banking system collapse – analysts — RT Business News

Countries around the world are turning to gold as uncertainty about the global economy rises. Trade wars and the aggressive policies of the United States are making emerging economies withdraw from dollar assets, analysts told RT. Read more “In the near future we can witness a big change in the rules of the game. At the beginning of the year, ...

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