The US Banks Have No More Money; It Is As Simple And Dramatic As That
<http://www.leap2020.eu/LEAP-E2020-Alert-Breaking-phase-ahead-for-the-gl\obal-financial-system-in-2008_a1140.html> , entailing a dislocation of the global financial system in the second semester of 2008."
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LEAP/E2020
Global systemic crisis – End of 2008: Pension funds go off the rails
- Public announcement GEAB N°23 (March 15, 2008) - 16/03/2008
[http://www.europe2020.org/IMG/cache-70x71/rubon8-70x71.gif]
According to LEAP/E2020, by the end of 2008, a formidable debacle will affect pension funds all over the world, endangering the entire system
of capital-based pensions. This financial calamity will bear a particularly dramatic human dimension because it will come at the precise moment when the first wave of baby-boomers phase out of the
labour force in the US, EU and Japan: pension fund revenues are collapsing at the very moment when they should be making their first large series of payments to pensioners. In this 23rd edition of the GEAB, our team anticipates the evolution of the upcoming pension fund crisis, details which countries are the most exposed (in particular in Europe) and provides a number of operational and strategic recommendations to face the situation.
--MORE-- <http://www.europe2020.org/spip.php?article534&lang=en>