By One of the Largest US Public Pension Plans Needs $30 Billion Amid CRE Crisis and Growing Financial System MeltdownOn January 10, 2024By Awake-In-3DIn the backdrop of an increasingly unstable global fiat currency debt system, the California State Teachers’ Retirement System (CalSTRS), one of the largest public pension plans in the US, is making a forced decision. Faced with the dual challenges of CRE market turmoil and the logical conclusion of the great global fiat currency debt system, CalSTRS plans to borrow $30 billion, representing about 10% of its $318 billion portfolio. This move is aimed at maintaining liquidity without resorting…
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