INSANE!! Pensions Running Empty Yet Stock Market Rallying??? 🤯Bitcoin on German Stock Exchange!! and more
"Here's The New Abnormal"
It doesn’t make any sense…
With all the commotion of the pandemic and civil unrest, news like these flies under the radar quite A Lot recently.
…and I feel compelled to share it with you.
This is not only significant for just one country, it’s significant for the entire world. And especially for future generations.
Herb Stein famously said: “If something cannot go on forever, it will stop.” He’s right.
According to ft.com, “Many US public pension plans have not recovered from the 2007/2008 Financial crisis before Covid-19 struck.”
More than 320,000 members of the New Jersey Teachers and Chicago Municipal public pension plans face the biggest risks as severe cash outflows are draining the assets of these two schemes.
It’s evident that the debt accounts of today burden the current generations (alive today) and on a whole set of future generations (those not yet born).
$71 trillion in global debt is the kind of bubble that you’d think will never pop.
You’d bet a Turkey would believe it to be the case.
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Fiat money is a debt experiment.
There are consequences. No such thing as a free lunch.
Each time the government magically make money appear, it’s stealing from future generations.
Everyone sees the government as a free money tree and they want a piece of the pie.
But they don’t understand how money works.
This is why smart people are already looking for alternatives…
This is not 2000, this is not 2008, this is an entirely different beast here. And it's angry. Very angry.
Governments and central banks are chucking everything they’ve got into this health crisis which would eventually lead to an economic crisis.
This a not just a virus crisis; it’s an unemployment crisis, student loan crisis, mortgage crisis, oil price crisis, currency crisis and public safety crisis so on all at once.
Earning money today isn’t the same as it is back in the 50s, 60s, 70s or 80s…
Making ends meet by trading our limited time for money is a lost cause. It’s never going to be enough to retire.
Central banks are aggressively "inflating" the fiat monetary base. Since 2008, the US federal reserve has expanded their balance sheet from .8T to 7.1T. - @PrestonPysh
That means they have "inflated" that fiat monetary base supply of currency by 21.9% ANNUALLY over that 11 year period of time.
Well, then why haven't we seen "inflation"?
Easy, because they are buying financial assets with that freshly printed money.
The money goes straight into the hands of the people holding assets & only a trickle comes down into the lower income sections of the economy where a majority of the population (percentage-wise) exists.
As the wealthy portion of the population continues to benefit from this process of inserting freshly printed cash into the system, their net worth continues to grow & they get first access to allocate the capital to even more advantageous assets that make more money.
The freshly printed money is nesting itself into financial assets by bidding the market capitalization higher and higher.
Look, the stock market is getting back to pre-covid-19 levels (soon to surpass All-time highs) , and yet most governments haven’t even reopened their economy.
There’s no productivity to justify these kind of insane evaluations.
When an economy's money supply becomes manipulated in an inflationary manner, it incentivizes aggressive investment (see above).
This is because if the cash is simply held, it's value will continue to debase over time.
But if the fiat is invested, it can potentially outpace the debasement.
That’s what the smarter money are doing.
We are seeing price deflation of non-essential goods and services. We are seeing price inflation of essential goods and services.
We are seeing hyperish inflation of bonds and stocks due to the government unapologetically manipulating those markets.
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This crisis has also exposed “corporations” to be socialists.
In a free capitalist economy, everyone is incentivized to make the right decisions about money.
Bad decisions, lose money.
Good decisions, make money.
But what is really happening to this economy is something else entirely.
Giant corporations immediately ran to the government and began demanding bailouts within days of the government mandated shut down being put in place.
These people included investors, corporate executives, television talking heads, and politicians.
What were these people doing before the pandemic?
Buying their own stocks to prop up the net worth.
This is Privatizing Profits And Socializing the Losses
You work hard to pay your taxes, vote in the new government. The government then bails these corporations’ (their friends/cronies) shareholders with public tax payer money.
See how it works?
It seemed like everyone sees the government as a free money tree and they wanted a piece.
But this demand only widens the gap between the rich and the poor.
One robs a nation, the other steals hundreds of dollars worth of cheap plastic goods.
But get this, only one of these things is a crime.
This is a systemic problem. One that can only be solved without a centralized financial system.
Humanity did it before with precious metals.
We can do it again with Bitcoin. An open, decentralized, borderless, neutral, censorship-resistant and immutable digital currency for humanity.
#Separate money from the State.
The Character @iamTheCharacter3 ways #BlackLivesMattters can move forward. Point 1 #Bitcoin https://t.co/WiCjwc3VM2
Can I Retire Early?
Unless you’re at the top 5 - 10% income earners who also receives a golden parachute, it’s highly unlikely.
You’d probably have to work way past your retirement age if you’re earning and saving in your local currency.
There isn’t a pot of money siting somewhere, instead your pension will be paid by taxpayers of the future.
The pension scheme is sort of a Ponzi scheme and with the population ageing, it is in dire straits.
“But my pension is backed by the state??!!” Well, I sure hope so…
At the moment there are plans to increase the age at which a state pension is paid to 66 for both men and women by 2028 and later to 67 (in the U.K).
Most countries are doing the same.
But it’s worse in western economies due to demographics.
10,000 baby boomers will hit retirement age every day from now until 2030
Older people have worked hard and paid into the system all their lives, but this is how your bank could steal your retirement...
((Here’s the echo chamber))
I sure hope I don’t have to be dependent on the kids…
I hope we can take care of ourselves and don’t burden the kids…
It’s going to take some sort of crisis like 2020,
It’s going to take A lot of people living longer without any savings, facing extreme hardship for us to begin to really start having these conversations.
Buying a House is not your Nest Egg!
“The house has lost on paper almost half of its value. We couldn’t afford to sell it today. We’re going to have to wait a few years hopefully it will come back” - Retiree
Americans who make it to age 65 today can expect to live roughly 18 to 20 years more.
The global monetary system rests on a fragile foundation of trust. But thanks to the regrettable actions of central banks around the world, especially those of the Federal Reserve, that foundation of trust is rotting away beneath us.
Not With Bitcoin.
Speaking of which, Germany’s financial watchdog, BaFin announed they have approved a Bitcoin Exchange-Traded Product to be launched on the Deutsche Börse’s Xetra electronic trading market.
90% of all trading shares in Germany are transacted through the Xetra trading venue.
This means that millions of traditional stock traders will now have 24/7 exposure to Bitcoin.
That’s how we get mass adoption. Gradually, then suddenly.
Government, leaders, voters often have the best intentions but don't realize the consequences of easy money flooding the system.
Watch out for pensions & student loans and watch out for future bubbles in this bailout.
There WILL be a crisis two to five years down the road created by current “good intentions”.
All of this is why I own Bitcoin. Everything that's being done is a short term fix to an unstoppable spiral of fiat printing doom.
The people peacefully protesting on the streets have every right to be disgusted by the 1st degree murder of George Floyd.
But I think it's even bigger and deeper than that. I think people are rightly outraged because the financial system is rigged. And based on everything I wrote above, it is!
I think we’re almost there. Live long and HODL.
p.s. Regain ownership of your money.
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