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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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Mar 26, 2026 / Tyler Durden
Putin Issues Some Frank Thoughts On 'Unpredictable' Iran War
Putin Issues Some Frank Thoughts On 'Unpredictable' Iran War
Russian President Vladimir Putin on Thursday delivered some rare, wide-ranging and frank commentary on the US-Israeli war against Iran.
He compared the war and the Hormuz Strait closure, and subsequent impact on global energy, to the massive widescale impact of the Covid-19 pandemic. But he also stated that outcomes to the war are at this point too hard to predict.
via ZUMA press
The conflict, Putin explained, is now resulting in significant damage to international logistics, production and supply chains while putting intense pressure...
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Jun 24, 2026 / Joseph T. Salerno
Murray N. Rothbard: Toward a “Science of Liberty”
Social, economic, and political problems are intertwined and complex and require a grand theory to address them. For Rothbard, the unifying theme of social theory was liberty.
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May 26, 2026 / Tyler Durden
How The Deep State Weaponizes AI To Control The Narrative
How The Deep State Weaponizes AI To Control The Narrative
The Deep State just upgraded from clunky human fact-checkers to AI that scales narrative control at lightspeed.
As Tony Seruga wrote on X:
No more paper trails, subpoenas, or exposed biases - just seamless manipulation.
Automated Shaping at Scale
AI floods zones with thousands of subtly varied "organic" rebuttals in seconds.
Pre-bunks emerging stories before they trend.
Detects your writing style, reasoning patterns, and source chains to dynamically throttle—no crude bans needed.
Infrastructure Already Live
CISA’s old “election security” coordination with platforms?
Content-agnostic and ready for new...
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