The Brexit boost

System

DividedNation wrote: »

Yes Carney has over cooked the market.

He is an idiot.

I agree, the bloke is a clown. It's a good time to take advantage of the market prior to October's bear market predicted by top economists who are not connected to the central bankers.

Central bankers are currently manipulating the market to suit their short term goals - will end in failure.

System

https://www.armstrongeconomics.com/world-news/taxes/german-pension-crisis-the-same-as-japan-usa/

The Pension Crisis continues to spiral out of control and the central banks are incapable to reversing their policy. Raising rates now will cause budgets to explode and all the bonds they bought would collapse in price no less become totally unsalable. Now in Germany, the Bundesbank has addressed this crisis advising that the population must now work long term before receiving a pension and they must endure significantly higher pension contributions. In its monthly report published this week, the German central bank recommended increasing the retirement age to 69 years until 2060. They bluntly said that the federal government should not hide the fact that “further adjustments are inevitable.”

They pointed out that the projections until 2030 for pensions were based on calculations from the year 1989 when interest rates were substantially higher. The pension projections were never extended beyond that 2030 calculation. Currently, the retirement age will be gradually increased from 65 to 67 years. The projections of the federal government by 2030 will also limit the pension contribution to a maximum of 22% of gross earnings of workers. The Bundesbank says that this will need to rise significantly. They further point out the because of rising life expectancy and the low birth rate in the long term, the system will not be sustainable at current levels. The Bundesbank has stated the retirement age must rise to 69 and the current contribution of 18.7% must rise to 22% minimum.

Welcome to the collapse in socialism. Government is great and promising everything, and incapable of managing anything.

mwpt

DividedNation wrote: »

The reality is Brexit has been a boost to all area's of the economy, a part from the pound which Carney is determined to destroy.

No it hasn't. Also, are you joining the ranks of people who think that Carney is intent on proving himself right by destroying careers, families and lives. I would like you to be explicit about this, if that is what you think of him, don't be coy.

DividedNation

mrlegend123 wrote: »

https://www.armstrongeconomics.com/world-news/taxes/german-pension-crisis-the-same-as-japan-usa/

The Pension Crisis continues to spiral out of control and the central banks are incapable to reversing their policy. Raising rates now will cause budgets to explode and all the bonds they bought would collapse in price no less become totally unsalable. Now in Germany, the Bundesbank has addressed this crisis advising that the population must now work long term before receiving a pension and they must endure significantly higher pension contributions. In its monthly report published this week, the German central bank recommended increasing the retirement age to 69 years until 2060. They bluntly said that the federal government should not hide the fact that “further adjustments are inevitable.”

They pointed out that the projections until 2030 for pensions were based on calculations from the year 1989 when interest rates were substantially higher. The pension projections were never extended beyond that 2030 calculation. Currently, the retirement age will be gradually increased from 65 to 67 years. The projections of the federal government by 2030 will also limit the pension contribution to a maximum of 22% of gross earnings of workers. The Bundesbank says that this will need to rise significantly. They further point out the because of rising life expectancy and the low birth rate in the long term, the system will not be sustainable at current levels. The Bundesbank has stated the retirement age must rise to 69 and the current contribution of 18.7% must rise to 22% minimum.

Welcome to the collapse in socialism. Government is great and promising everything, and incapable of managing anything.

Did you read the title of the article?

Welcome to the collapse in socialism. Government is great and promising everything, and incapable of managing anything.

German Pension Crisis the Same as Japan & USA

Is the USA socialist?

Could have fooled me.

Same goes for Japan and Germany really.

System

I didnt write the article, I copied and pasted it......

DividedNation

I know.............