Armstrong Economics Blog/Pension Crisis
Re-Posted Sep 28, 2017 by Martin Armstrong
The BBC has come out and reported that three million savers in Britain in what is known as final-salary pension schemes only have a 50/50 chance of receiving the payouts they were promised, a study has concluded. We issued a special report on the rising Pension Crisis and it has been unfolding on schedule. The odds of those in government receiving what they were promised is probably less than 50/50 worldwide with few exceptions.
This year’s WEC we will look at how to survive this crisis now that the Year from Political Hell is coming to an eventful end as Spain sends in 16,500 troops to invade Barcelona and subjugate Catalonia proving that it is still a fascist state. The last on the list will be the Italian election and the way Germany has gone, expect more of the same.
We will address this issue in a special report for many people asking how to survive this crisis when what you thought your future would be comes crashing down. This is the crisis we face in Democracy. Government will become more Draconian as we see in Spain to retain power. To hell with human rights or even what is moral. Government will only act in its own self-interest.