Last week, Detroit declared bankruptcy, becoming the largest city in U.S. history to take such drastic action in the face of financial insolvency. A declaration of bankruptcy isn’t what most people think it is, though: it’s not just a statement of “we’re broke!” It’s actually a way for the city to clear its slate of all financial obligations and not pay the retirees it owes.
What are the largest financial obligations the city facing? Pensions. $3.5 billion worth of pensions, to be exact. Continue reading “Warning to all police, firefighters, schoolteachers: Most government pensions to be confiscated within a decade”

Natural News – by Mike Adams
Press TV
Mail.com
New York Post – KATE BRIQUELET and ISABEL VINCENT
Before It’s News – by N. Morgan
GAIA Health – by Heidi Stevenson
The Ugly Truth

