Economic News

The Pension Bubble Will BURST! – MASSIVE Shortfall Is Unsustainable

The following video is brought to you courtesy of the World Alternative Media YouTube Channel. Click the video below to watch it now.

Josh Sigurdson talks with author and economic analyst John Sneisen about the coming pension crash as Jeff Desjardin predicts that the global pension shortfall will reach 400 trillion by the year 2050 based on analysis by the World Economic Forum showing the deficit is growing $28 billion every 24 hours and the combined retirement savings gap reached in excess of $70 trillion in 2015 spread between eight major economies.
Now, 400 trillion is more than 4 times the size of the global GDP and is absolutely impossible to pay off. People simply will not get their pensions. With people born in 2007 expected to live on average to the age of 103, that’s a regular income for many, 50 years long. That simply cannot be paid for.
Then to assume that this will happen by 2050 is also a little absurd considering the massive shortfall today, the system will crash long before that.
This will cause vast poverty and people will take to the streets. This is a problem of complete dependence and a coercive state. People are forced into a system where instead of saving money for themselves, they are forced to pay into their pension by the state in many cases for banks and government to invest their pensions terribly and risk everything.
The state depends on the dependence of the populace, so when they’re given such a huge opportunity to play with people’s lives, they will take the opportunity.
Individuals must go off the grid and learn how to save for their futures. Self sustainability and financial responsibility are crucial for long term well-being and financial stability. If individuals do not save and expect a pension to fall on their lap decades down the line, they will be in a lot of trouble.

Stay tuned as we continue to cover this issue!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

Visit us at www.WorldAlternativeMedia.com

LIKE us on Facebook here:
https://www.facebook.com/LibertyShallPrevail/

Tweets by WorldAltMedia

FIND US ON STEEMIT:
https://steemit.com/@joshsigurdson

BUY JOHN SNEISEN’S LATEST BOOK HERE:
Paperback

Kindle

DONATE HERE:
https://www.gofundme.com/w3e2es
Help keep independent media alive!

Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship!
https://www.patreon.com/user?u=2652072&ty=h&u=2652072

BITCOIN ADDRESS:
18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU

Buy Tickets for G. Edward Griffin’s much anticipated Red Pill Expo 2018 in Spokane, Washington by clicking the link below:
https://redpillexpo.org/wam/ref/26/

World Alternative Media
2018

“Find the truth, be the change!”