In The News Today

Posted at 1:21 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

No credit expansion here?

Bill Holter’s Commentary

Is she spending the weekend at Bernie’s?

MYSTERY: NO Pictures From First Ginsburg ‘Public Appearance’ Since Surgery?
February 5, 2019

Supreme Court Justice Ruth Bader Ginsburg attended a concert put on by her daughter-in-law at the National Museum of Women in the Arts on Monday, marking her first public appearance since cancer surgery in December.

Attendees at the Notorious RBG in Song described Ginsburg as “glam,” and “resplendent,” and “magnificent,” but you’ll have to take their word for it.

In an era when every person is carrying a camera and isn’t afraid to use it, there wasn’t a single snap of the 85-year-old to be found. Every media story that covered her alleged appearance used file photos.

“What a delight to see RBG tonight at ‘Notorious RBG in Song,’ written & beautifully performed by her daughter-in-law, Patrice Michaels,” Post contributor David Hagedorn posted to Twitter. “She sat in the back, a few rows behind us, looking resplendent. Being hugged & wished a happy birthday by her made a grand night spectacular.”

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Bill Holter’s Commentary

…and he just recently bought gold.

Bill Holter’s Commentary

While I cannot vouch for the numbers, they seem correct. What happened you ask? They bought your votes, they were believed and no one complained until it was too late, which is now!

Apocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are Completely Broke
January 31, 2019

The debt crisis in the United States of America has reached apocalyptic proportions.  A new and horrifying report out details the reason why 63 of America’s largest cities are completely broke: debt and overspending.

According to a recent analysis of the 75 most populous cities in the United States, 63 of them can’t pay their bills and the total amount of unfunded debt among them is nearly $330 billion. Most of the debt is due to unfunded retiree benefits such as pension and health care costs.  That means those depending on that money, likely won’t see a dime of it.

“This year, pension debt accounts for $189.1 billion, and other post-employment benefits (OPEB) – mainly retiree health care liabilities – totaled $139.2 billion,” the third annual “Financial State of the Cities” report produced by the Chicago-based research organization, Truth in Accounting (TIA), states. TIA is a nonprofit, politically unaffiliated organization composed of business, community, and academic leaders interested in improving government financial reporting.

“Many state and local governments are not in good shape, despite the economic and financial market recovery since 2009,” Bill Bergman, director of research at TIA, told Watchdog.org.

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