California Prepares For Pensions To Be CUT! You Have Been Warned!
Countless people are relying on their pension money today. Without it, they would quickly be under water. What happens next? They would be heading directly to the nearest government office to demand money. The faceless, nameless, bureaucracy that is government will provide no solutions. Just more extortion. More theft. Your pension funds are a thing of the past.
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Sources Used in This Video:
https://goo.gl/UpprQe
California's top court will review major public pension ruling - LA Times
http://www.latimes.com/local/lanow/la-me-ln-court-pension-20161122-story.html
Lawsuits threaten pension cuts for California state workers
http://www.vcstar.com/story/news/2017/12/28/lawsuits-threaten-pension-cuts-california-state-workers/989096001/
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if not mistaken, pension funds dont heavily inv in stocks rather in bonds, due to low interest they go under water, not good
I've seen them purchase even derivatives. It depends on the pension. They have gone into extremely risky investments since 2009. It's going to implode.
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