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Pensions Timebomb in “Slow Motion Detonation” In U.S., EU and Internationally

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Max Keiser and Stacy Herbert discuss the end of retirement which many Americans, Britons, Europeans and others will suffer as their pensions are decimated in the coming years due to zero percent interest rates and ultra loose monetary policies pursued for the benefit of banks and corporations.

Governments and central banks bailed out banks at the expense of pensioners and the pensions of workers who have been “thrown under the bus”.

In the second half, Max interviews Constantin Gurdgiev, Professor of Finance at Middlebury Institute of International Studies, about the debt situation in Europe and the NAMA and Irish water debacles.

Diversification remains the key to weathering the impact of the ‘pensions time bomb’. The traditional and typical retirement  or pension fund of simply owning a balanced portfolio of just paper assets – equities, bonds and a small allocation to cash – is now a recipe for financial disaster. This is especially the case given the rich valuations seen in stock indices globally but also the fact that global bond markets are at all time record highs due to QE and central bank’s ultra loose monetary policies.

 

 

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Mr. grav and I work part-time, though we're both retired. I know people my age who still have BIG home mortgages, car notes, extravagant lifestyles. I also know people 10 or 20 years older than I am who work full-time. If (when) shtf, they will not be able to survive for long. Politician thieves will rob us in the middle of the night. Banks will close, ATMs will not work, all gone in the twinkling of an eye, pfft.

 Failing to prepare = preparing to fail.

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The pension Ponzi is collapsing. How can it not?

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