Endowment Losses From Harvard to Yale Leave Universities Poorer

As go endowments…

http://www.bloomberg.com/apps/news?pid=20601109&sid=aQn_Cxyu99xY

… so go pension funds… both private…

http://www.latimes.com/business/la-fi-calpers22-2009jul22,0,5416427.story

… and public…

http://www.myfederalretirement.com/public/456.cfm

Other than the tragedy of the loss of value in these funds, the less intuitive consequence is a loss of government revenue and the simultaneous increase in social costs these failures engender. This is the stuff deflationary depressions are made of… as well as revolutions of course…

But what is visible to some of us, is also visible to some government minions. As governments feel their grip on society to be slipping, a war will be engineered.

Got bullion?

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