The Pension Crisis Is So Much Worse Than We Realize | Ted Siedle

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It’s estimated that there are over 50 million pensioners in the United States alone.

Like the United States, the United Kingdom, Japan, Italy, Germany and many other countries around the world are all in concerning condition when it comes to the solvency of their pension funds.

The recent book, How To Steal A Lot of Money Legally authored by Ted Siedle was written to give guidance, resources, and tools for today’s pension stakeholders & society so that they

can take action… and stop the looting.

Ted is a former SEC attorney. His firm, Benchmark Financial Services, Inc. has pioneered over $1 trillion in forensic investigations of the money management industry. He’s nationally recognized as an authority on pensions and investment management matters, having testified before the Senate Banking Committee regarding fund scandals and is an expert in various Madoff-related and other litigations.

In 2017, he secured the largest SEC whistleblower award in history of $48 million, and in 2018, the largest CFTC award in history at $30 million.

European & Global Economies Are Dangerously Fragile | Diego Parrilla

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Inflation and slowing economic growth is affecting all corners of the globe these days, but perhaps nowhere as much as Europe — which is also dealing with a massive energy crisis.

We spend a lot of time focusing on the US economy on this program, 1) because the majority of this channel’s viewers reside in the US and 2) it has the world’s largest economy and, for better or worse, what happens in America drives much of the action the rest

of the world reacts to.

But today we’re going to get a European perspective, both on the action in the US as well as the major challenges Europe is grappling with.

For that, we welcome Diego Parrilla, Managing Director of Quadriga Asset Manager back to the program.

Is Retirement Dead? Most Americans Have No Retirement Savings

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Six years ago, I wrote an article titled ‘Grasshopper Nation’, warning about how poorly prepared Americans are for retirement.

Sadly, the data has only gotten worse since then.

I’ll deliver the punchline here first, and then get into the underlying data:

Right now, as the largest generational cohort in history has reached retirement age, tens of millions of Baby Boomers in America have insufficient savings to retire or otherwis

e fund their living costs during their twilight years.

This is a massive economic and humanitarian crisis in the making, with no credible plans from the government currently on the table to address it.

In fact, we’re not even having a national discussion about it right now, because we’re not yet even acknowledging that we have a problem.

Until we shake free from this denial, we will continue to fall deeper into this hole of generational insolvency – while the timeline of consequences accelerates towards us at a faster rate.

Ok, now that I’ve got your attention, let’s look at the data…watch this video.