Good stuff is being a prescient and early contrarian, anticipating the future flows of capital, rather than a status quo following always late to the game sheeple.
So here is a contrarian tip, thinking back to the person asking about CalPERS and what their $5000 will be worth in the distant retirement future.
The current US econo-political system that depends on the perpetual and geometrically increasing levels of debt, and the enforcement of the petrodollar arrangement through endless corruption, invasion, US-orchestrated terrorism, and war, is not sustainable.
The multi-decadal trade deficit is not sustainable. We cannot forever hand the world green paper while taking the fruits of their child labor factories.
The continued perverse accumulation of wealth into a very few hands is not sustainable. There is - ipso facto - no democracy anywhere.
So.. the obligations of CalPERS (and indeed the US) cannot be repaid on terms favorable to their counterparties. The only possible outcomes - as with every empire, every paper currency - are default and/or inflation.
If the elites desire crisis and blood in the streets (and to give Trump the finger) and to buy up the last shreds of assets around the country with their bottomless Fed-funded pockets, so that everyone is a renter, they will trigger a deflationary implosion that will wipe out all markets.
All that has to happen for this to occur, is for the Fed to stop buying Treasuries. There is no other buyer for this 2.8% over 30 years bullshit, that's already below the non-liar rate of inflation. If they stop monetizing debt, the everything-bubble is done and then we're in for a real fun time.
If the elites feel magnanimous toward the sheeple on their wall-less plantations (i.e. the bit outside the prison-industrial complex), they will just inflate like hell and everything will be "paid back". If you need to see what looks like, history is replete with nothing but these sorts of outcomes.
So, "new to CalPERS" poster, the answer is that you cannot realistically look to the old arrangements to take care of you in the future. People clinging to normalcy biases will experience the most pain in times of transition.
) and a foreign small cap value fund. That one gets me into some interesting stuff, Greek banks with a P/E of like 2.5, Russian oil companies, etc. It’s entertaining.
