World News (April 25, 2018 Edition): OPCW Investigators Reportedly Found “No Evidence” Of Chemical Weapons At Syrian Facilities Bombed By US – Russian Military Shows Wreckage Of US Missiles Intercepted In Syria – The US government “can’t find” $20 TRILLION, while pension funds are tanking

OPCW Investigators Reportedly Found “No Evidence” Of Chemical Weapons At Syrian Facilities Bombed By US:

“According to the statements of the Pentagon’s representatives, 22 missiles hit the above-ground facilities. We registered no more than seven hits, which is shown in the space image…”

Russian Military Shows Wreckage Of US Missiles Intercepted In Syria:

One unexploded Tomahawk cruise missile and one high accuracy air-launched missile launched by the US and its allies on Syria on April 14 have been brought to Moscow…

The government “can’t find” $20 trillion, while pension funds are tanking:

Among other feats, she has identified a giant sucking black hole in the US government. And what has disappeared down that hole is money. Over the years, at least $20 trillion.

Unaccounted for.

Gone.

North Korean Nuclear Test Site Has Collapsed, Explaining Kim’s “Suspension” Of Further Tests:

The mountain’s collapse after a fifth blast last fall has led to the creation of a massive ‘chimney’ that could (???) leak radioactive fallout into the air, researchers have found.

Jeff Bezos Booed By Amazon Workers

–  “Very Pissed Off” Obama DOJ Made “Dramatic” Call To McCabe To Quash Clinton Probe

John Whitehead: “Is The US Government Evil?”

Macron Tells Trump To Reject Nationalism; Says France Will Not Leave Iran Deal

Ted Cruz Endorses Donald Trump’s 2020 Reelection Bid

A Furtive Glance At Washington’s Ongoing War Preparations Against Russia

Inflation Is Here.. Get Used To It!:

“If wealth without work is one of Ghandi’s seven deadly sins, paper wealth without production that is consumed is surely inflationary...”

“This Is Mushrooming” – Nicaragua Teeters On The Brink Of Revolution As US Pulls Diplomats

Bitcoin Tumbles Back Below $9,000 As Crypto Gets Clobbered

Hackers Steal $150K After Infiltrating Popular Ethereum Wallet

Read moreWorld News (April 25, 2018 Edition): OPCW Investigators Reportedly Found “No Evidence” Of Chemical Weapons At Syrian Facilities Bombed By US – Russian Military Shows Wreckage Of US Missiles Intercepted In Syria – The US government “can’t find” $20 TRILLION, while pension funds are tanking

U.S. Congress Just Quietly Formed A Committee To Bail-Out 200 Pension Funds

Congress Just Quietly Formed A Committee To Bail-Out 200 Pension Funds:

The US pension system has gotten so bad, Congress is actually planning for its failure.

As the government was working on the recent, new budget deal and subsequent boost in government spending, Congress quietly snuck in a provision that forms a committee which would use federal funds to bail out as many as 200 “multi-employer” pension plans – where employers and labor unions jointly provide retirement benefits to employees.

As is often the case, this rescue “plan” is too little too late. The US pension system is beyond repair. And if you’re depending on pension income to carry you through retirement, it’s time to consider a Plan B.

Read moreU.S. Congress Just Quietly Formed A Committee To Bail-Out 200 Pension Funds

“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission

“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission:

Two weeks ago, in the aftermath of the February 5 volocaust, we quoted David Hunt, CEO of $1.2 trillion asset manager PGIM, who said ignore the volatility spike, the real financial timebomb was and remains public pensions: “if you were going to look for what’s the possible real crack in the financial architecture for the next crisis, rather than looking in the rearview mirror, pension funds would be on our list.” 

In a brief discussion wondering what municipalities and states will do when local tax revenues decline and unemployment worsens, Hunt said “we’re worried about those pension obligations.”

He is hardly alone: having reported over and over and over (and over, and over) again that public pensions are in deep trouble, two days ago none other than Steve Westly, former California controller and Calpers board member – manager of the largest public pension fund in the US, made a stunning admission, confirming everything:

Read more“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission

Germany: People might have to work till after they are 70. Not just low earners but engineers as well. This is what happens when you don’t support parenthood but let in an endless amount of underqualified people living off social benefits!

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Two-Thirds Of UK Pension Funds Are In The Red – $300 Billion Shortfall Revealed

Two-Thirds Of UK Pension Funds Are In The Red – $300 Billion Shortfall Revealed:

Sir Steve Webb, a former pensions minister under the recent coalition government, said Carillion would not be the last big company to fold leaving its pension scheme in jeopardy.

“The question isn’t if there will be another Carillion – it’s when,” said Webb, who is now director of policy at pensions group Royal London.

His ominous warning appears prophetic as, according to the Pension Protection Fund (PPF) watchdog, some 3,710 schemes are in deficit, putting a serious question mark over the retirement plans of millions of workers.

Read moreTwo-Thirds Of UK Pension Funds Are In The Red – $300 Billion Shortfall Revealed

Sweden Raises Retirement Age… To Cope With Immigration! – #MigrantCrisis

Sweden Raises Retirement Age – to Cope With Immigration!:

The retirement age for Sweden’s pension funds will eventually rise to 69 due to the Muslim immigration boom in the country.

In short, the country is spending so much money on migrant welfare that it can no longer properly fund the pensions for native retirees.

Swedish media, which typically downplays immigration pitfalls, actually admitted the rise in the retirement age would result in “a major deterioration” of the quality of life for Swedes.

According to Epressen.se (translated into English):

Read moreSweden Raises Retirement Age… To Cope With Immigration! – #MigrantCrisis

It Begins: Pension Bailout Bill To Be Introduced This Week

It Begins: Pension Bailout Bill To Be Introduced This Week:

Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population: a multi-trillion pension storm, which was recently dubbed “one of the most heated battles of a lifetime” by John Mauldin. The reason, in a nutshell, why the US public pension problem has stumped so many professionals is simple: for lack of a better word, it is an unsustainable Ponzi scheme, in which satisfying accrued pension and retirement obligations requires not only a constant inflow of new money, but also fixed income returns, typically in the 6%+ range, which are virtually unfeasible in a world where global debt/GDP is in the 300%+ range.  Which is why we, and many others, have long speculated that it is only a matter of time before the matter receives political attention, and ultimately, a taxpayer bailout.

That moment may be imminent. According to Pensions and Investments magazine, Democratic Senator Sherrod Brown from Ohio plans to introduce legislation that would allow struggling multiemployer pension funds to borrow from the U.S. Treasury to remain solvent.

Read moreIt Begins: Pension Bailout Bill To Be Introduced This Week

Americans Are Retiring Later, Dying Sooner and Sicker In-Between

Americans Are Retiring Later, Dying Sooner and Sicker In-Between:

Source: Bloomberg 

The U.S. retirement age is rising, as the government pushes it higher and workers stay in careers longer.

But lifespans aren’t necessarily extending to offer equal time on the beach. Data released last week suggest Americans’ health is declining and millions of middle-age workers face the prospect of shorter, and less active, retirements than their parents enjoyed.

Here are the stats: The U.S. age-adjusted mortality rate—a measure of the number of deaths per year—rose 1.2 percent from 2014 to 2015, according to the Society of Actuaries. That’s the first year-over-year increase since 2005, and only the second rise greater than 1 percent since 1980.

H/t reader kevin a.

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