Does this really even matter? The Government will just print more USD to pay for what it wants. The entire system is based off debt, there are more debts in the world than money to pay them all back. The only thing that keeps the USD a global currency is the military force backing it.
If you print extra dollars to reduce the load they want to make sure that economic finances are guaranteed? And that is hard to predict because ordinary people are hard to understand. I think it will not have much effect on its growth. As this is a country that makes a big decision to the whole market. 
Topic: WSJ: US Faces $5 Trillion Pension Hole, Same Size as Japan's Economy (Read 319 times)
August 12, 2018, 01:23:27 PM
August 08, 2018, 02:36:29 PM
The pension crisis is pretty simple, there are not enough contributions to pay the pensions.
People live longer, contribute less and less and it's quite easy to see where this is going.
Bitcoin or some "ico" (really?) will not solve this, but an "ico" has the potential to destroy the entire system once for all.
There's also another factor: migration.
For instance in Europe pension funds in most countries were doing fine. Not great, but they weren't on the verge of collapsing. Then the EU happened and people started to migrate like crazy because suddenly they could travel without a passport and get a job without problems. Why should they stay in a country where wages are 4 or 5 times lower compared to its neighbors.
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What you need is one of those, a higher workers/retired ratio or higher contributions.
It's simple math, not magic.
It's simple math, not magic.
IMO what is needed is for the governments to stop bullshitting people that pension funds are sustainable because in many countries they are already bankrupt. The only thing that keeps them going is government bailouts - tax money funneled into pensions.
August 08, 2018, 02:09:19 PM
Unfortunately a massive money printing will be necessary to pay pensions, resulting in more and more inflation.
Bitcoin is a valuable asset in this context.
Bitcoin is a valuable asset in this context.
August 08, 2018, 12:10:23 PM
Given past precedents, it's only a matter of time that the USD hegemony ends. I don't give it more than 20 years, unless the USD for some reason destroys any past precedents which I doubt.
People said the exact same thing back in the 90's. The USD is still here today, and I would even say that it has become more dominant in the world economy. It will eventually implode, but eventually can just as easily mean somewhere in the next 50-100 years. I know people love to see the USD implode today rather than tomorrow, but it's not going to happen any time soon, so forget about it for now.What matters is what will fill the gap that the USD leaves: The CNY or Bitcoin?
The choice is up to the people this time. If Bitcoin really lives up to its expectations as currency, which I think it will with tier 2 implementations, you can choose whichever currency that you consider the safest option. In my case that's definitely Bitcoin, which is why I don't sell any of my coins. Why should I sell money? August 08, 2018, 11:22:40 AM
It's debatable whether or not the pension system is a scam, but I completely agree with the fact that we should be doing the best we can to take care of ourselves instead of relying on external elements.
The older generation has a pretty decent pension budget they will be able to somewhat comfortably maintain themselves with, but that's completely different for the younger generation. We are literally on the wrong side.
If I don't do anything myself to build up enough capital to later on retire with, I'm in a very bad situation, that I know right now. Bitcoin is the only element that I have confidence in to help me achieve my goal.
There is nothing for me to lose in this case. Not doing anything will make me a loser.
That is what I keep telling my friends, almost every week there are articles about how our generation will be unable to retire because the pensions we will receive in the future will be incredibly low and that we need to begin to save right now and invest if we want to have a chance to retire in the future, and those predictions are not taking into account the economy of the world crashing, which we know it will happen at some point of our livesThe older generation has a pretty decent pension budget they will be able to somewhat comfortably maintain themselves with, but that's completely different for the younger generation. We are literally on the wrong side.
If I don't do anything myself to build up enough capital to later on retire with, I'm in a very bad situation, that I know right now. Bitcoin is the only element that I have confidence in to help me achieve my goal.
There is nothing for me to lose in this case. Not doing anything will make me a loser.
Does this really even matter? The Government will just print more USD to pay for what it wants. The entire system is based off debt, there are more debts in the world than money to pay them all back. The only thing that keeps the USD a global currency is the military force backing it.
Yes, it does matter, there are only two ways out of this, increase taxes or use the printing machine, the government has a preference for the printing machine but eventually other countries will realize that Uncle Sam is abusing that power and will stop storing dollars and will spend them immediately causing the money velocity to increase and causing inflation to grow as well. August 08, 2018, 08:44:43 AM
Does this really even matter? The Government will just print more USD to pay for what it wants. The entire system is based off debt, there are more debts in the world than money to pay them all back. The only thing that keeps the USD a global currency is the military force backing it.
Maddof schemes can only work for so long. Eventually it's a non sustainable dead-end. The question is, for how long can the US be forced down everyone's throats as the global unit of account/world reserve currency?
Given past precedents, it's only a matter of time that the USD hegemony ends. I don't give it more than 20 years, unless the USD for some reason destroys any past precedents which I doubt. What matters is what will fill the gap that the USD leaves: The CNY or Bitcoin?
August 08, 2018, 07:21:21 AM
Does this really even matter? The Government will just print more USD to pay for what it wants. The entire system is based off debt, there are more debts in the world than money to pay them all back. The only thing that keeps the USD a global currency is the military force backing it.
August 08, 2018, 06:48:54 AM
The US pension funds will never buy bitcoin or any other crypto because:
1.They are restricted by the regulations.
2.They know that cryptocurrenices are too risky,the crypto markets are manipulated by the whales and 90% of all ICOs are scams.
The only way to solve this "pension hole" is the Federal Reserve to print 5 trillion USD.
1.They are restricted by the regulations.
2.They know that cryptocurrenices are too risky,the crypto markets are manipulated by the whales and 90% of all ICOs are scams.
The only way to solve this "pension hole" is the Federal Reserve to print 5 trillion USD.
1 all regulations will go out of the windows when all hell breaks loose and that pension hole starts to be a problem
2 and devalue the dollar even more, just waiting for everything to crumble down
August 08, 2018, 06:40:13 AM
The pension crisis is pretty simple, there are not enough contributions to pay the pensions.
People live longer, contribute less and less and it's quite easy to see where this is going.
Bitcoin or some "ico" (really?) will not solve this, but an "ico" has the potential to destroy the entire system once for all.
What you need is one of those, a higher workers/retired ratio or higher contributions.
It's simple math, not magic.
People live longer, contribute less and less and it's quite easy to see where this is going.
Bitcoin or some "ico" (really?) will not solve this, but an "ico" has the potential to destroy the entire system once for all.
What you need is one of those, a higher workers/retired ratio or higher contributions.
It's simple math, not magic.
Bolded: exactly. What would happen if a corporation in the private sector tried to run a retirement plan the way governments do I wonder? Would it be shut down? There could be a substantial difference between how states and corporations run retirement plans to consider.
I think there is potential for an ICO or a crypto currency offering a retirement plan based on the concept of compounding interest and a viable long term growth plan. There is a real need for it. Crypto could be better suited for that purpose than fiat. Especially crypto with a limited supply which would be guaranteed to not be overprinted or devalued.
Coins can't grow in value forever that would lead to situations where one coin would be worth more than all the goods in the world.
It's pretty simple math, you work for 40 years, you contribute with 10% but you stay retired for 20 and want a pension of at least half of your wage. Basically, you contribute for 48 wages but you want 120 back...
In some countries, the percentages are even worse, in some better but this how it looks in my country.
So that crypto would have to grow 2.5x at least for this, every generation.
You realize that no matter what at one point this is mathematically impossible?
August 07, 2018, 03:54:14 PM
The US pension funds will never buy bitcoin or any other crypto because:
1.They are restricted by the regulations.
2.They know that cryptocurrenices are too risky,the crypto markets are manipulated by the whales and 90% of all ICOs are scams.
The only way to solve this "pension hole" is the Federal Reserve to print 5 trillion USD.
1.They are restricted by the regulations.
2.They know that cryptocurrenices are too risky,the crypto markets are manipulated by the whales and 90% of all ICOs are scams.
The only way to solve this "pension hole" is the Federal Reserve to print 5 trillion USD.
There may be ways to get around this
1) Pension funds can take indirect exposure to cryptocurrencies. They can invest in a regulated fund which invests in cryptocurrencies.
2) 90% of ICOs may be scams but pension funds are not forced to take exposure to all cryptocurrencies. They can play safe and take exposure to the top ones.
August 07, 2018, 03:44:42 PM
my father always thought the pensions system was a scam and if you want to retire you need to make a plan by yourself and holding some bitcoin is not a bad idea.
It's debatable whether or not the pension system is a scam, but I completely agree with the fact that we should be doing the best we can to take care of ourselves instead of relying on external elements.The older generation has a pretty decent pension budget they will be able to somewhat comfortably maintain themselves with, but that's completely different for the younger generation. We are literally on the wrong side.
If I don't do anything myself to build up enough capital to later on retire with, I'm in a very bad situation, that I know right now. Bitcoin is the only element that I have confidence in to help me achieve my goal.
There is nothing for me to lose in this case. Not doing anything will make me a loser.
August 07, 2018, 03:36:26 PM
The pension crisis is pretty simple, there are not enough contributions to pay the pensions.
People live longer, contribute less and less and it's quite easy to see where this is going.
Bitcoin or some "ico" (really?) will not solve this, but an "ico" has the potential to destroy the entire system once for all.
What you need is one of those, a higher workers/retired ratio or higher contributions.
It's simple math, not magic.
People live longer, contribute less and less and it's quite easy to see where this is going.
Bitcoin or some "ico" (really?) will not solve this, but an "ico" has the potential to destroy the entire system once for all.
What you need is one of those, a higher workers/retired ratio or higher contributions.
It's simple math, not magic.
Bolded: exactly. What would happen if a corporation in the private sector tried to run a retirement plan the way governments do I wonder? Would it be shut down? There could be a substantial difference between how states and corporations run retirement plans to consider.
I think there is potential for an ICO or a crypto currency offering a retirement plan based on the concept of compounding interest and a viable long term growth plan. There is a real need for it. Crypto could be better suited for that purpose than fiat. Especially crypto with a limited supply which would be guaranteed to not be overprinted or devalued.
The idea that the average person should be able to retire worked in the previous decades simply because there were many workers and few retired people but now that the demographics have changed and the ratio between the current workers and the retirees has changed as well it is impossible to pay for the pensions, my father always thought the pensions system was a scam and if you want to retire you need to make a plan by yourself and holding some bitcoin is not a bad idea.
August 04, 2018, 05:05:39 PM
It is not a secret that worldwide economic system as it is right now is just unavoidably moving towards a big crash and Crisis, so cryptocurrency in that case would be an accent, that will be operating developing countries to move for.
August 04, 2018, 06:52:24 AM
The pension crisis is pretty simple, there are not enough contributions to pay the pensions.
People live longer, contribute less and less and it's quite easy to see where this is going.
Bitcoin or some "ico" (really?) will not solve this, but an "ico" has the potential to destroy the entire system once for all.
What you need is one of those, a higher workers/retired ratio or higher contributions.
It's simple math, not magic.
People live longer, contribute less and less and it's quite easy to see where this is going.
Bitcoin or some "ico" (really?) will not solve this, but an "ico" has the potential to destroy the entire system once for all.
What you need is one of those, a higher workers/retired ratio or higher contributions.
It's simple math, not magic.
Bolded: exactly. What would happen if a corporation in the private sector tried to run a retirement plan the way governments do I wonder? Would it be shut down? There could be a substantial difference between how states and corporations run retirement plans to consider.
I think there is potential for an ICO or a crypto currency offering a retirement plan based on the concept of compounding interest and a viable long term growth plan. There is a real need for it. Crypto could be better suited for that purpose than fiat. Especially crypto with a limited supply which would be guaranteed to not be overprinted or devalued.
August 02, 2018, 10:53:49 AM
Here we see a market with future potential for ICO tokens and crypto currencies.
Crypto currencies like bitcoin, which are deflationary in nature, and built around producing long term value, could represent an ideal vehicle for retirement or pension funds as they are designed to appreciate in value over time.
Crypto currencies like bitcoin, which are deflationary in nature, and built around producing long term value, could represent an ideal vehicle for retirement or pension funds as they are designed to appreciate in value over time.
Yeah, right.
So cryptos are designed to appreciate in value....is that forever?
I mean, probably in 100 years you could buy a solar system with a satoshi!
The pension crisis is pretty simple, there are not enough contributions to pay the pensions.
People live longer, contribute less and less and it's quite easy to see where this is going.
Bitcoin or some "ico" (really?) will not solve this, but an "ico" has the potential to destroy the entire system once for all.
What you need is one of those, a higher workers/retired ratio or higher contributions.
It's simple math, not magic.
August 01, 2018, 09:33:19 PM
It is very simple. These payments will never be made and the pensioners will be pissed off. It is not surprising that the vast majority of these cities are being ruled by Democrat mayors. And we should remember that Democrats are very experienced in ruining economies.
August 01, 2018, 08:16:03 PM
Print Print Print (or die). Soon 5 trillion will be nothing. The economy and debt must grow at all costs or the world economy will die. May want to buckle up. Things may get a bit bumpy.
August 01, 2018, 07:22:03 AM
This is going to be a big problem for the incoming retirees in the years specially to the professionals that we have today and even the people who has blue collar jobs and it will haunt the US government and they should make a move on how to resolve it right away without getting their government into a debt because that happens a new recession will occur in the US.
August 01, 2018, 04:52:22 AM
Definitely a critical issue in the years to come.
Here we see a market with future potential for ICO tokens and crypto currencies.
Crypto currencies like bitcoin, which are deflationary in nature, and built around producing long term value, could represent an ideal vehicle for retirement or pension funds as they are designed to appreciate in value over time. This inflation in value could help a pension fund to stave off additional liability costs in terms of people living longer lifespans or being in better overall health.
"Be greedy when others are fearful," is one investment quotation people love to quote. There is a lot of fear in pension plans and retirement funds which could mean its a good area to be greedy in atm.
Practically everything said about why pensions and retirement plans are failing is false. There are valid and easy to explain reasons for why these things fail and the real reasons are never mentioned.
This is going to be a serious issues and not only on the retirees but their dependents. Its sad to see retirees face this kind of uncertainty concerning their pensions being owed by the same economic institutions they worked all their youthful years to build. The most worrisome in all of this, is seeing a country like the United States still not being able to get its pension debacle right despite the several reforms and planning that have been put in place over the years.
In my own opinion, for this to solve itself there is need to put a tight leash by law on the areas of investment pension funds can be invested or else this issues will continue to arise and the pensioners would be the ones bearing the brunt and forced to cut down their basic cost of living while people making their investment decisions would always be taking care of in terms of consultancy services. Pension fund for any reason in my opinion should not be invested in the stock market, or the crypto currency for now (due to its volatility) but on largely stable investment such as government backed securities, mutual funds with adequate guarantee. A pensioner to me would appreciate his monthly fairly stable inflow than high inflows that could end up with him losing all.
August 01, 2018, 01:18:14 AM
The US pension funds will never buy bitcoin or any other crypto because:
1.They are restricted by the regulations.
2.They know that cryptocurrenices are too risky,the crypto markets are manipulated by the whales and 90% of all ICOs are scams.
The only way to solve this "pension hole" is the Federal Reserve to print 5 trillion USD.
1.They are restricted by the regulations.
2.They know that cryptocurrenices are too risky,the crypto markets are manipulated by the whales and 90% of all ICOs are scams.
The only way to solve this "pension hole" is the Federal Reserve to print 5 trillion USD.
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