It is the 14th of October 2019

News

Forget The Phony Pension Accounting, Here's How Much Your State Pension Is Really Underfunded

The phony assumptions that go into calculating public pension underfundings in the United States are a frequent topic for us.  As our readers are aware, state pension administrators are given fairly wide leeway to simply pick a discount rate out of thin air.  Of course, since pensions are nothing but a massive stream of future liabilities that stretch out into perpetuity, every 100 bps increase can substantially, and artificially, lower the fund's reported underfunded level. 

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Norwegian Mining Company Launches First Asset-Backed Initial Coin Offering

While the world debates whether blockchain-based Initial Coin Offerings are a fraudulent pyramid scheme, meant to take advantage of gullible investors who are desperate to get rich quick, or a revolutionary "post-equity" way of raising capital, a Norwegian mining company, Intex Resources ASA, has taken the next step in the latter, and last week announced it was issuing the world's first asset-backed Initial Coin Offering, with the resulting tokens being exchangeable for the physical collateral.

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Trump To Release "All JFK Files" After Latest Clash With Spy Agencies

The Deep States' 'war' with President Trump may sink from the headlines every so often, but there is little doubt that it continues to bubble away, battle after battle. This week's delayed, reduced... and now soon-to-be-complete release of the rest of the previously classified JKF files is yet another clash with the spy agencies... and this time President Trump may have won...

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Clinton Lawyer Helped Facebook Avoid Political Ad Disclosures

It’s almost surprising how many people have forgotten how, shortly after the election, Facebook CEO Mark Zuckerberg said you’d have to be “crazy” to think that Facebook’s platform – by helping to spread “fake news” – had helped sway the vote in favor of President Donald Trump.

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