It's Thursday, February 16th. We've been talking about scams the past couple of days. Crypto has gotten a lot of criticism lately about scams, even though all the evidence shows you're no more likely to get scammed in crypto than you are in any other asset class. Crooks are crooks. But there's a really interesting story in Forbes - which is the bigger scam: crypto fraud or the lack of transparency at our nation's public pension plans? According to Anessa Santos, public pension funds are the bigger scam. The reason, she says, public plans have been promising all of us that you contribute a portion of your pay to the plan while you're working and you get guaranteed lifetime income throughout your retirement. But that's a lie, she says. And I agree with her. -----Links from today's show:Forbes: Pension Funds or Cryptocurrency, What's the Bigger Scam?The Reason Foundation: Unfunded public pension liabilities are forecast to rise to $1.3 trillion in 2022U.S. Dept. of Labor: Employee Retirement Income Security Act (ERISA)Pew: State Pension Contributions Hit Important BenchmarkWho Stole My Pension by Robert Kiyosaki & Edward SiedleBrought to you by:Global X ETFsInvesco QQQSchwab-----Subscribe to podcast updatesThe Truth About Your Future websiteThe Truth About CryptoHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page-----