pic related >This is precisely how Rome fell. Once they could not fund the pensions, the military began sacking their own cities to get what they were owed.
>The Dallas Police and Fire Pension System’s Board of Trustees officially suspended all withdraws last week. The move stopped $154 million of withdraws requested last week alone. If those withdraws would have been allowed, the fund would be below the $600 million in liquid assets that is required to maintain the $2.1 billion fund. Over $500 million has already been withdrawn.
>The fund has also asked for a $1.1 billion bailout from city taxpayers. The city has its own proposal of wiping out the guaranteed interest on the Deferred Retirement Option Plan (DROP) and even adjusting future monthly benefits for those who have already withdrawn their money. The DROP Option Plan is designed to retain police and firemen, allowing potential retirees to earn a guaranteed at up to an 8% rate (although it is currently at 6%). Dallas muni bonds will be in serious trouble going forward.
That's what Rome gets for having a printed currency.
Xavier Thompson
>That's what Rome gets for having a printed currency. They used silver and gold. But same thing. The silver coins were being cut, they were minted with less and less silver. High taxes also played a role in Romes fall.
Brody Turner
shit got too big and outta control
Chase Miller
June-July 2017 is when the government will require all local governments to admit they don't have money.
Owen Lee
Check out how the country vs the city got divided and the whole thing collapsed.
Austin Smith
Okay yeah sure old BOOMERS are gonna loot and pillage until so they can pay for their new hips
This guuuuuuyyyy :PPPP
Dominic Rivera
>They used silver and gold. Most common coin in the empire was the Nummus. Pure copper.
Landon Brooks
you mean like globalism/internationalism?....
Charles Nguyen
Aww shit
Ethan Campbell
This is part of it. Other people sacked them too. There was a whole bunch of shit that happened.
Levi Cruz
FUND THE PONZI
Jack Davis
Armstrong is based as fuck
in a more broad sense, shouldnt we be happy about the cycle OP? we're due for a shift back to private investment, to get out of this funk of public expenditures
Alexander Taylor
>This is precisely how Rome fell good
Colton Perez
What happened in 1845?
Sebastian Reed
isn't Dallas the liberal shit hole of Texas.
Michael Richardson
Texas
Sebastian Harris
Nah, that's Austin.
Gavin Hernandez
that'd be Austin.
Matthew Jones
i would never take anything you retards say about economics serious ever again. you are fat failures
Luis Smith
>6% guaranteed interest Kek. If it sounds too good to be true...
Hunter Campbell
Nigger I get 6% guaranteed from organic valley investments.
