California’s pension crisis continues to worsen. We knew they were underfunded. We knew the situation was bad. But now we’re facing talks of cuts. This is what everyone feared but didn’t want to talk about. The time is now.
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Bill Gross’s Admonishment Supported By Illinois Pension Fund - Bloomberg
https://www.bloomberg.com/news/articles/2016-08-08/illinois-pension-may-heed-gross-advise-to-assume-lower-returns?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%253D=socialflow-twitter-business
Commentary: California's public pension crisis in a nutshell | CALmatters
https://calmatters.org/articles/commentary/commentary-californias-public-pension-crisis-nutshell/?platform=hootsuite
Commentary: California's public pension crisis in a nutshell | CALmatters
https://calmatters.org/articles/commentary/commentary-californias-public-pension-crisis-nutshell/?platform=hootsuite
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printmgr file
http://www.berkshirehathaway.com/letters/2017ltr.pdf
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Do you believe that California will cut?
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In the famous wolf style FED will huff and puff and inflate the debt away. Mr. Greenspan said they can meet any demand but can't guarantee the actual purchasing power.... They will borrow and pay the politicians first, go insolvent and let people hold the bag with some kind of bailout bailin.
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Oh yeah , but I think we will see R I O T S EVERYWHERE . And I think COMMUNIST ILLINOIS will be one of the catalyst if not the lead reason for the collapse . Great show bro 👏👍✌️♥️👊🏻
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