It is the 19th of July 2019

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Amazon Registers Crypto, Ethereum Domains As Rumors Swirl It May Soon Accept Bitcoin

Over the past week, rumors have swirled that Amazon may be preparing to accept bitcoin as a form of payment, a decision which would lend immediate credibility and legitimacy to the cryptocurrency. Last week, Die Welt reported that fintech sources in Silicon Valley were suggesting that the global online retail giant could soon integrate Bitcoin as a payment option.

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A Few Simple Charts Spell Disaster For Public Pension Ponzi Schemes

Earlier today, Milliman released their 2017 Public Pension Funding Study which explores the funded status of the 100 largest U.S. public pension plans.  Not surprisingly, this study only served to confirm many of the rather alarming trends surrounding public pension ponzi's that we discuss on a regular basis.

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Venezuela's Grim Reaper: A Current Inflation Measurement - Current Annual Rate 2875%

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

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"It's Not Sustainable" - Sacramento Lashes Out At Calpers After Raising Pension Payments

In the latest sign that America’s looming pension crisis is inching closer to an all-our collapse that will inevitably end in a series of bailouts – or worse, the failure to pay out retiree’s coveted benefits - a handful of California cities are lashing out at CALPers after being forced to hike pension contributions to offset expectations for long-term returns that have been revised lower by the state pension system.

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"You Get Nothing" - World's Largest Insurer Warns US Stocks Offer "No Returns" For The Next Decade

There will be "almost no prospective returns" from U.S. stocks over the next decade because the market is fully valued following years of gains, according to the global strategist at Allianz Global Investors, which manages $569 billion.

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