July 30th 10pm
Newsletter
Greetings!

Our newsletter is a listing of all our blog posts. The newsletter is sent 2 or 3 times a day. Our email schedule is  HERE . If you cannot wait for the email, you can read our posts directly on our  BLOG PAGE  throughout the day and night, or follow us on  TWITTER  and get our blog posts tweeted to you between 10am and midnight (ET). 

If you like this newsletter, share with others. 

The Dinar Recaps Team

PS: If you do not receive one or more of our emails, please check your email spam or junk folder.
Recap emails are available on our ARCHIVE   page. Bookmark this page for future reference.
Just a reminder that you're receiving this email because you have opted in to the Dinar Recaps main email list. Don't forget to add  newsletter@dinarrecaps.com  to your address book so we'll be sure to land in your inbox!
Quick Link to Posts
New Blog Posts


​Notes From The Field By Simon Black
July 30, 2018 Punta Cana, Dominican Republic
Bankrupt Philadelphia Plunders Its Property Owners For Cash
 
Like a lot of major cities in the United States, Philadelphia is in pretty rough financial condition.
 
One of the city’s biggest problems is its woefully underfunded public pension, which has a multi-billion dollar funding gap.
 
In 2001, Philadelphia’s pension fund was still in decent shape with a funding level of 77%, meaning that it had sufficient assets to meet 77% of its long-term obligations.
 
By 2017 the funding level had dropped to less than 50%.
 ...