RSN: Will the Peasants Go Medieval on Bankers?

Posted on August 6, 2012 by Deadly Clear

February 10, 2022: Questions: Is the rush to vax to beat out the new COVID tests or the domino fall of the pension funds worldwide? Whose fault are the shortfalls aka pension deficits aka losses aka zero (0) funds? Now ask the title question.

“The pension industries in many countries are in a bad way. According to a Citibank report from 2016, the 20 largest OECD countries alone have a US $78 TRILLION shortfall in funding pay-as-you-go and defined benefit public pensions’ obligations. This shortfall is far from trivial. It is equivalent to about 1.8 times the value of these countries’ collective national debt.” CLICK HERE

Readers Supported News: By Washington’s Blog

While everyone from Tony Blair to Nouriel Roubini is debating whether or not bankers should be hanged, the Wall Street Journal and Bloomberg provide some fascinating historical context.
Dark subjects: A Red Saunders creation. This picture is called Wat Tyler and the Peasant’s Revolt, 1381. Continue reading →

Eliot Spitzer: ‘Every person whose interest rate depended on Libor is a victim’

Posted on July 27, 2012 by Deadly Clear

Eliot Spitzer: “The Libor scandal is perhaps the biggest market-rigging conspiracy in Wall Street history. Almost all interest rates are affected by Libor, so every person with outstanding bank-issued debt could be a victim of this Wall Street cartel.”