Economics and Investing:
Kleptocracy in action: France seizes €36 billion of pension assets. We’re told that this was done to pay off some of their welfare debt. I thought that the French had done away with pissoirs, but apparently they still have a very large one. But of course the French are tres brillant, so I shouldn’t doubt their judgment. Thanks to Pierre M. for this item: Hungary Follows Argentina in Pension-Fund Ultimatum, `Nightmare’ for Some Marc the former 91B mentioned Chris Martenson’s commentary on Peak Oil: It’s Official: The Economy Is Set To Starve B.B. sent this news item from Oz: Millions …