“A theme that is little explored in the Western mainstream press is that retirement has all but collapsed for many in the middle classes. We have in the past called this condition ‘dreamtime’ – for it was built on central banking initiatives and fostered by central banking super-money printing. The idea was that the stock market was going to go up and up – and people would be able to take retirement based on their own investment initiatives. In Europe, state-fostered retirement provided a slightly different model. But the main issue in both the US and Europe was that an entity larger than the individual was going to manage the realities of retirement.”
http://www.thedailybell.com/28843/The-Retirement-Crisis-That-Must-Not-Be-Mentioned
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Does Facebook Help the Prosecution, But Not Defense?
Singapore opens world's first physical precious metals exchange
ProPublica: Govt Now Runs the US Mortgage Marketplace
This Is What Happens When You Make It Difficult for Firms to Hire Youth
Governments Worldwide Adopting FATCA Style Legislation
Some Private Sector Contestants for the U.S. vs U.K. Stupidity Contest
The "Be Very Afraid" Society
Scholarly book presents ‘hidden history’ of Nazi 'gun control'
Tesla's first big vulnerability requires physical access to the car
Rampant Injustice in a Tullahoma "Terrorist" Case
The Case Against Government Bans on Feeding the Homeless
Stockman to Trump: It's the Economy, Stupid
Taliban’s ‘Parallel State’ Waiting Out War's End To Govern Afghanistan Again
Doug Casey: “Gold Stocks to Create a Whole New Class of Millionaires”
Jim Rogers: Forget U.S. markets, I’m buying Chinese and Russian stocks