Another big mistake that California has made
is giving the control of CALPERS over to a Chinese national
All these retirement funds are inter-dependent.
They all invest in similar corporations.
They are full of excess monies that belong to the people
and dependent upon an "acting manager" to decide what to do with those funds
The funds are so big they can crash the market.
On the good side – collectively THE PEOPLE own the stocks
often they can't be sold??
well, it's been a while since I watched this video about the CAFR
but it is major "must see" information
The CAFR is the "comprehesive annual financial report"
and every corporation must create one
this includes retirement funds etc
Here are many videos about this maze of financial gibberish:
https://www.youtube.com/user/TheCorporationNation/videos
This is a video copy of the main "Corporation Nation" video
Collectively we own all the corporations
Does anyone know who is the "manager" ?? hmmm
https://www.youtube.com/watch?v=Oym2CxMENt8