Tag Archives: Chicago

  • Blog
    James Steidl/Shutterstock

    In Denial: We Pursue Endless Growth At Our Peril

    A requiem for planet Earth
    by Chris Martenson

    Friday, May 29, 2015, 2:09 PM

    189

    As we've been discussing of late here at PeakProsperity.com, humans desperately need a new story to live by. The old one is increasingly dysfunctional and rather obviously headed for either a quite dismal or possibly disastrous future. One of the chief impediments to recognizing the dysfunction of the old story and adopting a new one is the most powerful of all human emotional states: Denial.

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  • Insider
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    Off the Cuff: The Great Global Economic Slowdown

    Growth is slowing down everywhere
    by Adam Taggart

    Friday, April 3, 2015, 5:57 AM

    4

    In this week's Off the Cuff podcast, Chris and Mish Shedlock discuss:

    • Economic Slowdown
      • Economic growth is fast disappearing all across the world
    • The Evils Of The Banking System
      • Corrupt & corrupted; we need a return to old-school fiduciary stewardship
    • Chicago Blues
      • A case study for the fraud & rot soon to appear in cities across the US
    • Fracking's Legacy
      • From poisoned water tables to earthquakes
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  • Daily Digest
    Image by cookbookman17, Flickr Creative Commons

    Daily Digest 8/6 – Chicago Sees Imminent Pension Crisis, The Energy Cost Of Food

    by DailyDigest

    Tuesday, August 6, 2013, 3:30 PM

    1
    • How did Estonia become a leader in technology?
    • Worth Less, Yet Not Worthless
    • Global Gold’s Quarterly Outlook – Has Gold Exited The Bull Market?
    • Obama to Outline Plans for Fannie Mae and Freddie Mac
    • Polls Open in Detroit’s Mayoral Primary 
    • Chicago Sees Pension Crisis Drawing Near
    • Children Banned from Talking about Fracking as Reign of Silence Spreads
    • George Monbiot: Why humans should back off and let nature heal itself
    • The Energy Cost Of Food
    • Risks to Global Food Supply and Impacts to Investors – Steve Yuzpe

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  • News

    Chris in Chicago on Sept 22nd

    Come see Chris speak (it's free)
    by Adam Taggart

    Tuesday, September 4, 2012, 11:13 PM

    7

    Live in the Chicago area? Come meet Chris (and me) at the Chicago Hard Assets Investment Conference on Saturday, Sept 22.

    The event is free to all and will take place at the McCormick Place Hyatt, in downtown Chicago.

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  • Blog

    The Looming Pension Disaster

    by Chris Martenson

    Saturday, March 7, 2009, 3:35 PM

    0

    As I’ve been writing about in the Martenson Reports over time, including the last one, one of the next shoes to drop is going to be a pension disaster. This too will be more easily measured in trillions than billions.

    I am expecting a public pension wreck based on “management” so flawed as to cross over into gross negligence or worse.

    March 3 (Bloomberg) — The Chicago Transit Authority retirement plan had a $1.5 billion hole in its stash of assets in 2007. At the height of a four-year bull market, it didn’t have enough cash on hand to pay its retirees through 2013, meaning it was underfunded to the tune of 62 percent.

    The CTA, which manages the second-largest public transit system in the U.S., had to hope for a huge contribution from the Illinois state legislature. That wasn’t going to happen.

    Then the authority found an answer.

    “We’ve identified the problem and a solution,” said CTA Chairman Carole Brown on April 16, 2007. The agency decided to raise money from a bond sale.

    So far so good, eh? I mean especially if you don’t think about it too hard. After all, the only way a scheme to borrow money to plug a fiscal hole can work is if you are earning more from investing that cash that you are paying out in interest. Makes sense right?

    Your investment gains have to exceed your interest costs or the scheme becomes a sure-fire money loser.

    Well, here’s the punch line:

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