Jason goes on a rant about pension funds in the US being ripped off or defrauded by private equity, hedge funds and Wall Street investment banks as well as politicians that lied and over-promised cushy retirements to voters that they knew could not mathematically be paid for at the state and local level without bailouts from the US federal government (US taxpayer then screwed over) and the Federal Reserve. Articles About Pension Funds Being Ripped Off or Stolen From: 1) Looting the Pension Funds https://www.rollingstone.com/politics/politics-news/looting-the-pension-funds-172774/ 2) Did Banks Dump Structured Financial Products in Your Pension Fund? https://www.tavakolistructuredfinance.com/2014/01/banks-structured-finance-pension-funds/ 3) Wall Street Fleeces Pension Funds As Workers Pay Twice https://www.dailykos.com/stories/2017/1/2/1616488/-Wall-Street-Fleeces-Pension-Funds-As-Workers-Pay-Twice 4) The Risk Pension Funds Can’t Escape https://www.wsj.com/articles/public-pensions-are-still-betting-more-than-half-of-all-assets-on-stocks-1519131600 5) By Exploiting and Mismanaging Public Pensions, Wall Street Has Cost Taxpayers $600 Billion Over Last Decade https://www.commondreams.org/news/2018/07/12/exploiting-and-mismanaging-public-pensions-wall-street-has-cost-taxpayers-600 6) Ripped-Off Pension Funds Vs. Wall Street Donors https://newrepublic.com/article/102275/ripped-pension-funds-vs-wall-street-donors 7) How Wall Street Is Fighting to Rip Off Your Retirement Money http://www.thefiscaltimes.com/Columns/2015/02/06/How-Wall-Street-Fighting-Rip-Your-Retirement-Money 8) A Plan to Stop the Pension Plan Rip-Off https://www.huffpost.com/entry/a-plan-to-stop-the-pensio_b_9398016 9) Wave of US Municipal Bankruptcies Caused by Wall Street Predatory Interest Rates, not Pensions https://www.globalresearch.ca/wave-of-us-municipal-bankruptcies-caused-by-wall-street-predatory-interest-rates-not-pensions/5364268 10) The Incredible Story Of The Jefferson County Bankruptcy -- One Of The Greatest Financial Ripoffs Of All Time https://www.businessinsider.com/the-incredible-story-of-the-jefferson-county-bankruptcy-one-of-the-greatest-financial-ripoffs-of-all-time-2011-10?op=1 The Pension Time Bomb: $400 Trillion by 2050 https://www.visualcapitalist.com/pension-time-bomb-400-trillion-2050/ 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 Commit to tipping us monthly for our hard work creating high level, thought proving content 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 51 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. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us 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**