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Germany's Pension Time Bomb: $2+ Billion In CRE Losses Expose Cracks In The Fiat Era

Germany's Pension Time Bomb: $2+ Billion In CRE Losses Expose Cracks In The Fiat Era Submitted by Thomas Kolbe, A shock for the insured members of the Versorgungswerk Zahnärzte Berlin-Brandenburg (VZB). According to a report this week by Bloomberg, losses at the private pension fund total €1.1 billion. Roughly 50 percent of its invested capital has effectively been wiped out—channeled into private loans to non-listed companies, including rPlanet Earth in California, a shrimp farm in northern Germany, and, repeatedly featured on the investment menus of German pension funds, U.S. commercial real...
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Jun 22, 2026 / Tyler Durden
Zero Sum: Cities Have Little To Show For Big Spending
Zero Sum: Cities Have Little To Show For Big Spending Authored by Jeremy Portnoy via RealClearInvestigations, America’s largest cities are increasing their spending at almost unprecedented rates. A RealClearInvestigations (RCI) analysis of cities with at least 500,000 residents found they cumulatively raised their per-person spending by 18 percent over the last 10 budget cycles, accounting for inflation. The only equivalents on record are the spending surges ignited by the Great Society programs of the 1960s and Franklin D. Roosevelt’s New Deal during the 1930s. But unlike those past eras, today’s cities do not have...
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Mar 1, 2026 / Jason Ditz
Hezbollah Leader Vows to Confront Israeli Aggression as Strikes on Southern Lebanon Continue
In the week leading up to the war on Iran, Israel repeatedly warned Lebanon would be targeted if Hezbollah became involved in that conflict, and once the war was underway the US sought to assure Lebanon that Israel had no intention to escalate the conflict into Lebanon so long as no attacks were launched from […]
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Feb 23, 2026 / Ron Paul
Epstein Files: An Opportunity for Libertarians
Those who have examined the Epstein files have seen information about how connected Jeffrey Epstein was to members of the political, business, and academic elites. Many of these connections started after Epstein’s 2008 conviction. The Epstein files support claims that Epstein worked with intelligence agencies, in particular Israel’s Mossad and the American CIA. Yet the […]
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