ALERT! U.S. Pensions LOOTED by Government. Here’s Proof.

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Marc Faber: The asset bubble has begun to burst
“I don’t believe that the global economy is strengthening; I rather think the global economy is weakening,”
Faber is looking for a 30 percent drop in the S&P 500.
As Detroit’s water department shuts off more taps, nearly $1 million is available for low-income customers who need help paying their bills.
Detroit police union agrees to tentative deal in bankruptcy breakthrough
The plan would allow police and fire retirees to keep their monthly pension checks but would require them to accept a reduction in annual cost-of-living-adjustment (COLA) increases.
“unless entitlements are substantially reformed, I am confident that this country will default on its debt.”
city officials expressed relief, “the real fundamental, underlying question about the ability of a municipality to alter retiree health care benefits has not been answered,”

Sources:
http://www.cnbc.com/id/101820233
http://www.usatoday.com/story/news/nation/2014/07/08/detroit-water-shutoff-notices/12384325/
http://www.freep.com/article/20140708/NEWS01/307080173/dpoa-detroit-police-officers-settlement-contract
http://azstarnet.com/news/national/after-detroit-another-city-ponders-bankruptcy/article_378c752e-ca0e-537b-b2b9-88e3b064275a.html