[Download Now] The Pension Crisis From Armstrongeconomics
[Download Now] The Pension Crisis From Armstrongeconomics
[Download Now] The Pension Crisis From Armstrongeconomics
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[Download Now] The Pension Crisis From Armstrongeconomics
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The Pension Crisis From Armstrongeconomics
Prior to the proliferation of pensions, the security needed to support the elderly was provided by families and marriage. Private annuities rose in popularity as the population became more industrialized. The family was replaced by pensions as support for the elderly with the rise of socialism. Unfunded pensions combined with poor demographics in which the elderly comprise a greater portion of the global population are leading to a situation that could cause the collapse of governments globally. Retirement is in danger. The central banks can’t reverse course without admitting they have been wrong.
The mismanagement of pensions has destroyed many civilizations. Various factors that have contributed to the crisis, current fiscal policies, as well as why your 401(k) may be in danger are discussed in this 87-page report.
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