PENSION STORM Brewing In Europe! - The Coming Retirement IMPLOSION
In this video, I talk with author and economic analyst John Sneisen about the inevitable fall of the pension. Not just in Europe, but the rest of the world as well.
The U.K. currently has a $4 trillion retirement savings shortfall and is due to reach $33 trillion by 2050. However, by the looks of it, it's going to come down far quicker as we watch the older generation forced to carry the debt of the young all while passing away, and the young putting money into pensions they will never get. This is all happening as the markets implode due to heavy manipulation and debt and of course the fiat monetary system is crumbling at the seams.
Let's face it, the younger generation generally knows nothing about saving money and this is all by design.
Pensions are enforced by the state and manipulated by the banking system. The shortfall is growing at an alarming rate. This cannot withstand this environment much longer.
Meanwhile, the government enforces pensions under the guise of "helping people save for the future" while not giving kids tips on saving money, assets, trading or any of the above in the public school system. They don't even teach kids about money period.
Meanwhile, the media tells people to invest long term in the stock markets instead of comprehending the opportunities with assets.
This comes down to individuals being financially responsible. These pension ponzis decimate the freedom of the individual to make their own financial decisions in life and that hurts people long term under the thin veil of "helping" and people need to understand this before it's too late. People in their 20s, 30s and probably 40s will never see their pension and this is increasingly alarming.
Education begets action.
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I've already written-off any hope of getting my private pension in 11 years time. I became a house-husband (quit working) in 2009 so at least I've not been adding to it.
Nicely projected with good stats
super
good luck comrades, keep working, I pray for your sustenance increases
Great post! I gotta agree, there will be changes coming to financial distribution in the world and Europe as well as there is too big difference between high and low class of people in comparison of how much more balanced it was back in the days.
Thank you again for yet another very informative post! I do hope more people will wake up and see how precarious our economy and liberty is.
There is also a further reason for the upcomming collapse of the European pension systems. These systems are based on the assumption that the younger generation will pay for the older generation's pensions. However, the problem is that many young people (20 - 30 year old) in Europe are unemployed or underemployed. Further, the number of the so called NEETs (people with no education, training) keeps increasing. I adressed this issue in one of my articles: https://steemit.com/economy/@hoffmannsinput/the-rise-of-neets