There will be more cities defaulting on pension funds in the future. It has started with Prichard, AL. This is a small fund with 150 workers receiving a monthly check. Some people are going bankrupt, others relying on help from friends and family. I have a feeling 2011 won't be a good year.
I have been telling you for a while now to prepare, stock up on food and ways to protect yourself. Why you ask? What are these people going to do when their monthly checks run dry? Remember not all people receiving checks are 60+ years old. There are some that are getting checks due to "injuries" sustained while on the job. People will be getting desperate for anything to sell to get food for themselves or their family. What would you do to feed your family? Remember you are a law abiding citizen, some of these people will be looting and pillaging and who knows what else. We are close to tearing the thin film of morality for our society, that precautions while you still can.
Alabama Town’s Failed Pension Is a Warning
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