Before the coronavirus outbreak caused the oil market, stocks, corporate bonds and credit markets to crater, pension funds were a mess and many were drastically underfunded despite a long bull market in stocks and bonds. The state of New Jersey's pension fund lost billions recently https://www.nj.com/coronavirus/2020/03/nj-pension-fund-loses-billions-in-coronavirus-market-chaos.html Even worse, the US' largest pension fund, CALPERS, closed out all of its hedges (insurance) protecting their investment portfolio from a stock market and oil crash in January after stocks were going parabolic for most of 2019. https://www.institutionalinvestor.com/article/b1l4g2y7tk2j1b/Nation-s-Largest-Pension-Fund-Stopped-Paying-for-Crash-Insurance-in-January Ted Siedle: The Greatest Retirement Crisis In The History Of The World https://youtu.be/rL-UV0GvRFo Real Vision's YouTube channel has a lot of interviews about the pension fund crisis https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A/search?query=pension+funds Overall, the situation is an enormous mess and now states may be trying to raid Congress' coronavirus bailout funds for bailouts of state pension funds. Don't Let States Rob COVID-19 Funds to Bail Out Pensions https://www.realclearpolitics.com/articles/2020/03/30/dont_let_states_rob_covid-19_funds_to_bail_out_pensions.html Does The Post Office Need A Pension Bailout, And What Does That Have To Do With The Coronavirus? https://www.forbes.com/sites/ebauer/2020/04/01/does-the-post-office-need-a-pension-bail-out/#5b5131c4335f Pensions In A Pandemic: Is One Man’s Bailout Another Man’s Pension Funding Relief? https://www.forbes.com/sites/ebauer/2020/04/02/pensions-in-a-pandemic-is-one-mans-bailout-is-another-mans-pension-funding-relief/#e713f447617d A Public Health Crisis Is No Time for Private Pension Bailouts https://www.dailysignal.com/2020/03/25/a-public-health-crisis-is-no-time-for-private-pension-bailouts/ Are you ready for the big pension fund bailout of 2020? Governors who imposed coronavirus lock downs now want taxpayers to cough up $500 billion https://www.naturalnews.com/2020-04-13-pension-bailout-2020-coronavirus-lockdowns-taxpayers.html Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 75 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**