In this video, I sit down with author and economic analyst John Sneisen to talk about how pensions throughout the world are in imminent danger due to vast under-funding and government manipulation.
Throughout the world, there is about a 330 trillion dollar shortfall leading to 2050 (though with an inevitable fiat crash in the equation, it's likely to come crashing down within the next 5 years).
In the United States, the shortfall reaches about 109 trillion dollars. China's shortfall is about 108 trillion dollars and Canada's is about 10 trillion dollars.
Government and central planning is desecrating pensions throughout the world and this simply goes to show why people should not be so dependent on the state and banking system and instead take financial responsibility for themselves and protect/insure their wealth to the best of their ability. Assets are one of many ways to do this. Government is forcing individuals into collective financial risk and manipulating the system to the point of collapse.
Then there's the corporate pensions which take up a smaller percentage of pension obligations, but also (when it comes to the larger corporations) tend to be monopolized by the state in the first place.
Some companies with the lowest ratios of pensions assets to pension obligations include Intel with 46.6%, Delta Airlines with 49.4%, Procter & Gamble with 59.4% and American Airlines with 58.1%.
This is serious. Not only to seniors tend to spend the most amount of money into the economy, but the older generations are dying off, leaving massive amounts of debt on the shoulders of younger people who are dependent on their elders to get through the indoctrination camps we call universities. People are ending up taking up more than one job going right into their 60s and in many cases throughout the world, their 70s. Then ON TOP of this, seniors' pensions are being desecrated and pushing the elderly into poverty which has MASSIVE negative side effects, constantly growing by the year and we have the government and banking system to thank.
There are better ways to save for your future. The government and banking system loves debt and poverty, because it leads to dependence. In this video we provide many solutions for you to consider.
See the FULL video interview here:
Stay tuned for more from WAM! Don't forget to Upvote & Follow! :)
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Pension.... Haha.. Sorry, that is something only people older than me can enjoy. My generation is already screwed.
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Cryptos and precious metals my friend!
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And precious upvotes!!!! thanks!
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We need to help each other out here ;-)
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Yes we are pretty much paying for our parents pension now it can't exist in the future, this economy is not sustainable we need to return to Austrian economics. Most nations are socialist and high percentage are communist that have slowly creeped up on the free societies of the world. Most of the sheep are too fluoridated to think otherwise. They love their leaders. This is modern day slavery we have just made a few compromises along the way so that they can keep their power.
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You're screwed because you're play video games when you should be "up in arms" literally, and taking back this government from the Zionist Pigs who have hijacked it.
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I'm sorry, you must be projecting.. I'm 34 and don't play many video games.
Good luck with the zionist pigs though.
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Taboo subject if you are not ready to make change. there is always change coming, just need to know to implement them.
Keep on steemit !!
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Why the hell you think I am here? To make an extra buck for my pension!
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Nothing is secure anymore, nothing. If they hit the internet kill switch like Trump mentioned, all that will be left is guns and gold.
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Here here.
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The future seems "bright" for the FIAT currencies :)))
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By bright, do you mean like a nuclear bomb going off? lol
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Yeah something like that lol
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Hey Josh
I had written similar piece on 401(k)** although your article gives good $$ perspective!
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I tell everyone who'll listen to prepare for the day when their US Dollar buys nothing. Work towards a pension if you want, but do not depend upon it to survive. If you cannot already survive without such outside income, you had better hurry up and get it done soon. Time is running out. The music is fading, and lots of people will be without seats. Do you have one?
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pension? what are you talking about? :D
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Well you can always do as Walter White did.
But honestly I stopped to believe that I will ever see my retirement pension long time ago. And thanks to that I engaged into cryptocurriencies and other assets. Eg. in Poland statistics says that currently 3 people are working for a pension of 1 retired person. I wonder how it's not gonna colapse...
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This is so true and a wake up call for all of us to learn how to invest our money by ourselves rather relying on the gov.
Keep it up ;)
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This post has been ranked within the top 50 most undervalued posts in the second half of Aug 01. We estimate that this post is undervalued by $10.19 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 01 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
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I am currently a Fireman who receives a pension after 33 years of work. I am not relying on the fact that my pension will be there waiting for me. Hence why I am on Steemit, investing in precious metals, and crytpos.
Love the work WAM does.
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Who remembers Equatible Life? Unfortunately after paying in to my policy for many years and after fighting in the courts it's vertically worth less. Don't have any confidence in private or government pension policy for which I now have wait till I'm 67 years old.
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