The Everything Bubble Has Popped

Guess who is going to be left holding the bill?

Update: Reuters is reporting that Trump is creating an alternative 401(k) plan.

NEW YORK, Aug 10 (Reuters) - The new White House order directing regulators to expand access to alternative investments in 401(k) plans, like crypto or privately owned companies adds a new layer of risk to the retirement portfolios for ordinary investors that they may not fully understand, investment professionals say.

"This is brand new; none of it has been stress-tested yet" in a market shock or long-term selloff, said Christopher Bailey, director of retirement, at Cerulli Associates, an asset management research firm. "There are liquidity concerns, issues around fees, among others."

While industry advocates and the Trump administration say investments in private equity, crypto or privately held companies like ChatGPT developer OpenAI or Elon Musk's SpaceX hold the promise of greater returns, critics say the investments are inherently riskier, lack the same disclosures and carry higher fees than traditional retirement plans.

"I don’t think people are talking enough about the potential for higher fees," said Philitsa Hanson, head of product, equity and fund administration, Allvue Systems, a software and solutions provider for private asset managers. The executive order, she said, "raises more questions than answers. Someone will need to be very thoughtful about how these types of assets can be incorporated" into 401(k) plans.

…

Alternative asset managers will likely need to come up with new products with lower fees, greater liquidity and more transparency if they want to tap into the trillions of dollars and 90 million investors in employer-sponsored retirement plans.

Jason Kephart, an analyst at Morningstar, said the fees for some alternative investments aren't clearly spelled out, some even have to be deciphered from footnotes.

Seems like Trump really is creating new ways to bilk retirement funds with risk and unload toxic assets onto them.

---

Tiffany Cianci is a small business owner turned investigative journalist who has been sounding the alarm for months about the coming financial apocalypse. If you’re a podcaster or a journalist, please find a way to contact her and interview about this.

She is now warning that there is a $12,000,000,000,000 (TRILLION) BAILOUT underway for Harvard, Yale, and the major private equity firms who are about to go bankrupt.

Where is the money going to come from?

YOUR RETIREMENT FUND.

According to her research, Donald Trump is soon going to sign an executive order facilitating a deal between the private equity firms and the 401k retirement funds in America, disguised as a wonderful opportunity for retirement fund managers to “invest” in the private equity assets—which are secretly worthless. Private equity is desperate to unload their toxic crap. Apparently, Harvard and Yale are deeply in debt to this as well, and need to get bailed out to the tune of hundreds of billions of dollars.

The total value of the retirement funds is 12 Trillion, which provides more than enough money to let all of these ultra-wealthy elites dump their liabilities and leave the average worker holding the bill.

Watch the video and spread the news.