3 European Countries Grab at Private Pensions

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Mox Nix whether you are socialist, capitalist OR whatever, the real problem is TOO many post-war baby boomers are RETIRING at the same point in time- Add 62 to Fall 1946 to get Fall 2008- (I rest my case) Out of 4 generations alive, who's working? Newborns, Aged and Retirees are NOT working, leaves only 1 to support other 3 and it's unsustainable. Why did stk mkt collapse? Retirees SUCK energy out of the stk mkt without putting any [Volume X Price] back into the stk mkt, so there's NO Support levels. We will see 20 years of this, esp this year when Retirees come of age 65 to start Sucking energy out of Medicare- When does it end? Solar Scientists did a spread sheet on Bosnian victims birth dates 2 dates stood out- 1930 and 1963 for a 33.3 yr generation straddling WWII. 1963 spike means we have 1963 - 1946 = 17 yrs to go (until 2025) so plan to dig in for a long haul folks, it ain't over yet- Oh, but you say the stk mkt is UP? By what metric? Paper Dollars? If you want to see what's REALLY going on, do a NORMALIZED stk mkt by dividing thru by Real Currency, SILVER Currency. Simply use DOW logo [$INDU] divided by a Silver logo [AG] or Silver ETF [SLV] like this- [$INDU:SLV] Be sure to use a COLON between symbols. In the division, since BOTH are measured by PAPER DOLLARS, the Paper Money drops out leaving a stk mkt chart Normalized to a real value- Silver What you will find it the stk mkt just went over a cliff about the end of Aug10, so be prepared to see runaway inflation ensue beyond everyone's wildest nightmares. Yeah, the FEDs fully intend to FLOAT the BLOAT by printing up all the Paper Dollars they need to kick the can down the road. But guess what that leads to- sooner or later the BUBBLE will burst, leaving everyone holding Paper. If you look for the good you might find it- You can't wipe your ass with a Silver Dollar, but Paper? yes

This is old news and it is happening and has happened in the USA. The only money which is in major pension funds is imaginary money. It's not really there.

That money is gone forever for the working stiff. But at least those poor European bankers will get their Christmas bonuses this year.