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The State Of Kansas Pension is Desperately Underfunded, and Trends Beyond Kansas – Dave Kranzler / The Daily Coin
TND Podcast Spotlight: Dave Kranzler w/ Rory Hall on The Daily Coin |
Not that the State of Kansas public retirement pension system is in much worse condition than just about every other State’s public pension fund. I know for a hard fact that Colorado’s is significantly underfunded. I think the tax revenues from weed sales is helping defer the day of reckoning in terms of having to raise taxes or debt. But not for Kansas. Kansas is looking at issuing a “Pension Obligation Bond.” This is a muni bond that would be the general obligation of the taxpayers of Kansas BUT the cash raised would be given to the pension fund managers to play with and try to earn impossible rates of return. I go into detail about how this deal would work in this podcast with my colleague Rory Hall of The Daily Coin:
This is nothing more than just another scheme to kick the can down the road on the fiscal nuclear bomb that big State pension retirement systems have become to the taxpayers…
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About Dave Kranzler:
I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.
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About The Daily Coin:
TheDailyCoin.org was founded by Rory Hall. The website features articles and commentary, as well as The Daily Coin podcast, also appearing on The Daily Coin YouTube Channel. Mr. Hall has served as a daily contributor to STGReport.com over the past two years. He has written several original articles and interviewed some of the top precious metals professionals in the industry, as well as top preparedness specialists in the world. YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 25, 2014
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Source: http://thenewsdoctors.com/the-state-of-kansas-pension-is-desperately-underfunded-and-trends-beyond-kansas-dave-kranzler-the-daily-coin/
I can see Kansas buying a Billion Dollars in Gold and Silver with the proceeds. They would just bo following the Big Boys.