Important News - Oct. 17 update 1

• 1) “Mann International”: The US Federal Reserve may intervene to prop up the dollar.
• 2) Colorado Public Pensions

“Government workers would have to contribute more of their salaries while getting less in benefits under a plan proposed Friday to rescue the foundering Colorado Public Employees Retirement Association pension fund.

PERA is facing $27.5 billion in unfunded liabilities, threatening the long-term existence of the retirement plan.”

• 3) Taxpayers can’t spring for new Falcons stadium

“Just this summer, Atlanta raised its property tax rate by 42 percent to close a $56 million budget gap. The city fiscal situation will probably get worse before it gets better, and money for a stadium means less money for other needs.

When revenues do recover, the city’s financial outlook will still be troubled. For one thing, more than $1 billion in pension liabilities will remain unfunded.”

• 4) Pension debt swells to $2,140 per person (city of Evanston)
• 5) Foreclosures could reach 25 million before housing crisis ends

“25 million foreclosures in the next few years sounds like an astronomical number. Since this housing crisis started in 2007, there have been close to 8 million foreclosures through the end of September 2009.”

• 6) Here is Max Keiser’s latest ‘On The Edge’

Max Keiser On The Edge 16th October Pt 1
http://www.youtube.com/user/MaxKeiserTV#p/a/u/2/NKsyF523TCs

Max Keiser On The Edge 16th October Pt 2
http://www.youtube.com/user/MaxKeiserTV#p/a/u/1/k_bBB136gWo

Max Keiser On The Edge 16th October Pt 3
http://www.youtube.com/user/MaxKeiserTV#p/a/u/0/Rj4crMCg-XY

- Davie and Saxplayer