– Pension Shocker: Plans Face $2 Trillion Shortfall, Moody’s Says (ZeroHedge, July 18, 2015):
“Moody’s, which in 2013 began using a lower rate than governments do to calculate future liabilities, has estimated that the 25 largest U.S. public pensions alone have $2 trillion less than they need”, Bloomberg reports.
The entire world economic system faces quadrillions in shortfalls…….
Wait for the contraction, then the implosion…………………….