(Video) Illinois Is Now GUARANTEED to COLLAPSE! Haircuts to Pensions Could Happen!
It is now mathematically impossible for Illinois to ever pay back on its obligations. There’s simply no possible way. The final nail in the coffin has taken place and it’s simply a matter of time (A short period of time) before the government has to declare some form of default. Connecticut is in a tight spot as well with unpayable debt. And now a third state is in a grand mess.
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In This Episode:
It is now mathematically impossible for Illinois to ever pay back on its obligations. There’s simply no possible way. The final nail in the coffin has taken place and it’s simply a matter of time (A short period of time) before the government has to declare some form of default. Connecticut is in a tight spot as well with unpayable debt. And now a third state is in a grand mess.
pension fund debt deficit investment illinois connecticut maine financial economy
I wonder how the people affected/pensioners will react to this...
Maybe it is like one of the Monopoly players loosing it almost all (down to his last crappy hotel) and before throwing his dice the bank (fed?) slips him a full stack of bills without the other players noticing. Guess he is not the next one to leave the game - he is good for another few rounds... and mind you this "bank" has all the money in the world.
Well . Am just watching
Great video buddy!
Great post.
Meanwhile in Sweden...Swedish state owned media is actually telling us:
”It´s better to work out and try to stay fit than to save for your pension.
You need to be able to work because pension is pretty much out of the picture.”
https://www.svt.se/nyheter/inrikes/pensionsmyndigheten-jobba-langre-istallet-for-att-spara