According to Gordon T. Long, Greece and Puerto Rico’s collapses have one very important factor in common: Bloated, overly generous public pensions.
No one wants to give them up or seem them reformed and the price could be widespread civil unrest. Greece has defaulted, and Puerto Rico is talking seriously about it.
What is the next stage in the global debt crisis? Gordon has some important ideas about it.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.