The Work and pensions secretary David Gauke have revealed that parliament proposes to raise the pension age to 68. The pension crisis that is brewing throughout Western culture reflects the insanity of lowering interest rates to try to “stimulate” the economy. This policy has set the stage for the next great crisis brewing, which […]

Illinois House had voted 72-45 to pass a 32% income tax hike as government refuses to address the real issue of a never-ending need for more and more tax revenue to keep state employees rolling in their pensions. The governor vetoed the tax increase and he was overriden. There is absolutely no hope for Illinois. […]

Chicago’s police pension fund won’t have enough money to pay benefits to retirees in 2021, according to a projection by Local Government Information Services (LGIS). At the end of 2020, LGIS estimates that the Policemen’s Annuity and Benefit Fund of Chicago will have less than $150 million in assets to pay $928 million promised to 14,133 […]

The European “bail-in” rules have been cheered claiming taxpayer money will be spared. However, many seniors bought bank bonds for their retirement. In the rescue of the small Banca Popolare d’Etruria, a retiree who had lost more than 100,000 euros worth of bonds committed suicide. There have been many such events that do not always make […]

QUESTION: Hello Martin, I understand and agree to what you are saying in your post however I cannot understand what you mean when you say that: “Secondly, leaving all individual member states with past debt yet converted that to euro, then resulted in their debts doubling in international value as the euro doubled going into 2008.” […]

The next great crisis will have a greater impact than derivatives or failed banks. This is the knife through the heart of Marxist-Keynesian Economics – the end of socialism, as we have known it. Many pension funds around the world are compelled by law to invest vast portions in government debt despite the insanity of […]

The pension crisis is going to be the HUGE issue in 2017. Obama is supporting about a 20% reduction in military retirement benefits. This is how such things are done. It is the way lame-duck Presidents leave office doing the nasty things nobody will admit who has to stand for election. So those on their […]

I have said that the European crisis is all about keeping jobs in Brussels, and now the truth is beginning to surface. The long-term cost of pensions for EU officials has increased very sharply according to one new report. These people are lining their pockets like never before. From late 2014 to the end of 2015, […]

For those who would like to review the actual text of the new regulation, here it is. savings-arrangements-final-rule

Of course, Chancellor Angela Merkel has denied that allowing the refugees in has led to the recent Islamic terrorist attacks. She has admitted that fighting crime and Islamist terrorism will be key challenges for the year, and she is adopting a law and order position after attacks in Germany have seen her approval ratings collapse. […]