Another video for DTube!
See the original article below:
Josh Sigurdson talks 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.
Stay tuned for more from WAM!
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Im studying at a university in Europe, and everyday it amazes me (by now it shouldn't anymore) how little the people around me know or even care to know about how to properly handle money, let alone how currently the system ruins savers. Just a few months ago our uni went fully cashless and nobody bats an eye. All I can do is talk about these things in a relaxed way to spark their curiosity, which is thankfully quite successful :)
Most people don't really give a shit about anything that doesn't immediately concern them or their close friends/relatives. The populous is happy to be distracted by iGadgets, Hollywood, video gaming and sex - very few have time for unraveling and understanding the intricacies of the military-financial-politcal complex that is ruling over the world.
Great Post!
Regarding public education: There has to be some time slot in the US (and Europe/every country) public school system in K-12 where basic finance and even law can be taught. Or even just teach what jobs pay the most, how many high schoolers pick their college major ignorant of job prospects and school loan interest?
this smells good