Sunday, November 27, 2005

Private Pension Funding

OK, as much as I complain about the inevitable crash of the US pension system (government and private), it would really suck to be Italy, Germany or France. And they're all bucking Government debt as a % of GDP of 100%+.

Yeah, go socialism.


Derek Jensen said...

It is beyond doubt that the baby boomers, both in europe and the usa, are bankrupting the nations with health care and entitlement costs and that the problem is going to get much worse in the next 20 years. How will governments possibly pay the trillions and trillions of dollars needed to satiate their greed? As much as I've tried to deny it, the answer has to be inflation. How else will it be possible? Governments are going to pump up money supplies and pay seniors with inflated money.

One problem is that the seniors' political power is so great that they will likely be able to continue to get cost of living adjustments year after year

Captain Capitalism said...

Well you're the big time west coast I banker, you know enough to purchase some Yuan and some Asian assets to buttress your wealth.

I have a wad o' Yuan sitting in my safe.

I'm just trying to figure out where to move to so I can avoid the crash.