The US state of Illinois has stopped payments to its pension fund. Even the highest authorities include a breakdown of the Fund is no longer made. The state threatened with insolvency, not even lottery winners are currently being paid.
You can read the rest @
http://deutsche-wirtschafts-nachrichten.de/2015/10/15/usa-pensionsfonds-von-illinois-steht-vor-dem-kollaps/ [translation may be required]
The US government runs out of borrowing authority soon, Illinois is broke, Puerto Rico is broke, other states and cities are struggling, We The People are living paycheck to paycheck (for those of us lucky enough to have a job), and what is our government doing?
Agreeing to pass treaties such as TPP, TTIP, and TISA which were negotiated in secret, and which are likely to further diminish the revenue on which our state, local, and federal governments depend.
In short, our government's response to the crisis is to intentionally shoot itself in the head.
This can only be seen as a campaign to replace nation states with market states. Say bye-bye to the social safety net. The only remaining safety net is golden parachutes for the high and mighty.
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