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PERS – Pension Obligation Bonds, Lies and Incompetence

Posted on May 1, 2013 by Editor | 0 Comments

PERS 2006 Redux: Oregon’s Grand Delusion In 2006 “Oregon’s Grand Delusion” was published. This article gave the historical traits and the consistent schematic of these financial frauds that are sold to people with magical thinking: Tulip Mania, the South Sea Bubble, assorted Ponzi Promises, and today it is PERS of Oregon. The mental grip on these frauds is psychological, not…

PERS: Lies, Distortions, and Fraud

Posted on February 4, 2013 by Editor | 0 Comments

A Retort to Paul Cleary On PERS (Fraud): By Fred Starkey PERS, this “Fraud and Swindling Scheme,” as Kindleberger would say I have been researching the PERS (Public Employees Retirement System) for 12 years. In that time, I have never found anyone in the State of Oregon who understands PERS, including Paul Cleary. Of course, from my background, I have an advantage:…

PERS: Oregon’s Grand Delusion

Posted on February 3, 2013 by Editor | 0 Comments

The Delusion of Oregon’s Public Employees Retirement System (PERS) is in a crisis that will, if extreme measures are not taken, destroy the faith and credit of Oregon’s State Government. Misinformation has been the way with PERS. No one knows the truth because of deliberate deceit and, for the most part, ignorance. This includes our Oregon Congressmen, City Councils, Commissioners, and…

Photo of Hannah Hoffman ©Stateman Journal

Hoffman: Assumed earnings rate change considered by PERS board

Posted on February 3, 2013 by Editor | 0 Comments

PERS Board will discuss lowering earnings rate from 8 percent this spring The PERS board voted Friday to support Kitzhaber’s agenda, but it also plans to reconsider the assumed rate and amortization period in the spring. The assumed rate has been 8 percent since the late 1980s and is used for two purposes. It is used to set employer rates…

PERS Ponzi: Springfield Goes To Wall Street

Posted on January 30, 2013 by Editor | 0 Comments

In 2002 the Oregon Public Employees Retirement System (“PERS”) went unofficially bankrupt. The reason was because the government promises of permanent 8% returns were impossible to keep. Here’s why: the financial markets produce a return on investment based on a “risk/reward” ratio. The higher the return, the higher the investor risk and accompanying volatility – meaning a concomitantly higher risk…

PERS – Pension Obligation Bonds, Lies and Incompetence

PERS: Lies, Distortions, and Fraud

PERS: Oregon’s Grand Delusion

Hoffman: Assumed earnings rate change considered by PERS board

PERS Ponzi: Springfield Goes To Wall Street

TREVOR LOUDON’S NEWZEAL

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