Pensions Timebomb In UK, EU and U.S. in “Slow Motion Detonation”

GoldCore's picture

Pensions Timebomb In UK, EU and U.S. in “Slow Motion Detonation” 

Pensions in the UK, EU and internationally will go bankrupt as the long awaited ‘pensions time bomb’ detonates in slow motion.

Max Keiser and Stacy Herbert discuss the end of retirement which many Americans, Britons, Europeans and others will suffer as their pensions are decimated in the coming years due to zero percent interest rates and ultra loose monetary policies pursued for the benefit of banks and corporations.

Governments and central banks bailed out banks at the expense of pensioners and the pensions of workers who have been “thrown under the bus”.

In the second half, Max interviews Constantin Gurdgiev, Professor of Finance at Middlebury Institute of International Studies, about the debt situation in Europe and the NAMA and Irish water debacles.

Constantin points out how Ireland’s economic recovery, the EU’s ‘poster boy’ of recovery is tentative at best and based on less than sounds fundamentals.

Diversification remains the key to weathering the impact of the ‘pensions time bomb’. The traditional and typical retirement  or pension fund of simply owning a balanced portfolio of just paper assets – equities, bonds and a small allocation to cash – is now a recipe for financial disaster. This is especially the case given the rich valuations seen in stock indices globally but also the fact that global bond markets are at all time record highs due to QE and central bank’s ultra loose monetary policies.

Having a pension without an allocation to gold today is high risk in the extreme and gold has never been more important as a hedging instrument, safe haven asset and pension portfolio insurance.

Direct legal ownership of individually segregated and allocated gold coins and bars will again protect and grow wealth in the coming years.

Recent Market Updates
– Gold Surges After Poor Jobs Number, Growing Risk Of BREXIT
Silver – Perfect Storm Brewing in the Market
– Martin Wolf: There Will Be Another “Huge” Financial Crisis
– Silver Price To Surge 800% on Global Industrial and Technological Demand

– BREXIT Gold Diversification As Vote Fuels Market Uncertainty
– Gold Forecasts Revised Higher – Citi Says “Buy the Dip”
– Gold Should Rise Above $1,900/oz -“Get In Now!”

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
AE911Truth's picture


Orin Hatch


Millions of Taxpayers worked very hard for a lifetime, earning and saving for retirement, only to have it stolen in 2008 by criminals on Wall Street. I want to be very clear. This money was not lost or destroyed. It was stolen. Using deception, lies of omission, and outright lies, illegal collusion, insider trading pump & dumps, and 101 other means not yet revealed, the life savings of millions of Taxpayers was stolen. These are not baseless accusations. The testimony of Alayne Fleischmann is sufficient to convict JP Morgan of criminal behavior that was commonly practiced by its peers. Overall, trillions of Dollars were stolen from millions of Taxpayers.


The injured parties demand restitution, which is now their sole means of survival. Given the unjust disparity in wealth between those who control and directed the criminal actions of the banks, and their victims, restitution is justified. Each Taxpayer is owed at least one million Dollars. Social Security is an appropriate means by which to return the stolen wealth.


More examples of lies and theft:


cluelessminion's picture

A couple of things.


I understand that gold/silver is considered a good "investment' during uncertain times but I don't think it will solve all the problems in a collapse.  I think having basic skills (plumbing, mechanics, etc.) are more valuable.  


As a recently retired gov't employee on a pension, I really am nervous about my future since I know how most of the public hates us.  When I started working in the 1980's people turned up their noses at the job I began at; 30 years later, you have people with advanced degrees aplying for the exact same job.  Now that I have done my 30+ years and am collecting my pension people are pissed.  I never made as much money as my contemporaries in the '80-90's but I had a secure job.  Then with the recessions and the downsizing, so many good jobs just disappeared.  Now government work is considered very desirable and people who have them are envied.  None of this is our fault but we're hated anyway.


Hate the game not the player.

NoPension's picture

My 31 yo son works for the Feds. He is a budget specialist. He has worked for 3 differant agencies in the last 6-7 years.
The problem.... The entrenched management and employees will not allow him to do his job.
For example; at his current position, he wants to institute new techniques that would allow technology to do in 5 minutes that which takes manual entry ( and potential huge error) two or three days of work. The old guard insists on keeping 1960s and 70s protocols. We all know why. He battles constantly with the managers. " let me do my job!" " This is messed up and inefficient ways to keep our books"
He just put out feelers, again....and has 5 solid offers. We are talking about GS 10-12 level. He keeps trying to find that agency that will allow him to use his skills. He gets hired to " fix" things, gets blamed for the fuck ups, but not allowed to implement modern practices. Our Government buerocrats!

...oh..what's a pension?

SmallerGovNow2's picture

Innovation is NOT a desired attribute in .gov.  You do it THEIR way and that is the only way and it is normally the rube goldberg route...

amanfromMars's picture

Direct legal ownership of individually segregated and allocated gold coins and bars will again protect and grow wealth in the coming years

If you do not have personal physical possession of such assets/liabilities, is the probability of you having a share of nothing more likely than not.

When you know markets are rigged, why ever would you imagine and accept it be otherwise. Such identifies one as being in a somewhat catatonic state of denial.

sTls7's picture


Perimetr's picture

NIRP =  Nigger Ignorant Retard President


Skiprrrdog's picture

Whatever happened to the long running joke known as the FBI probe of Hyena Rodent Clinton?

Does anyone remember that?

Broken vows of secrecy?

Illegal servers in basements?

Deleted emails?


jomama's picture

Copying and pasting the same shit on every article isn't impressing anyone.

GreatUncle's picture


The increasing % entitlement on public sector pension costs into the future is more than to pay the money today at ZIRP motherfuckers. US, UK and EU need all public sector pensions changed and hand the employers the money and we need to start now.

Print the money if you want just pay it now like a 0% balance transfer on a credit card. OMG!

LawsofPhysics's picture

The .gov can print all the fiat they want, or take your shit whenever they want...  ...their pensions will be fine.

yours will not...

Let me be clear; there is no free lunch, for anyone, eventually...


roll the motherfucking guillotines, nothing changes otherwise.

GreatUncle's picture

+1 I like guillotiones and can we automate the process?

HRH of Aquitaine's picture
HRH of Aquitaine (not verified) Jun 10, 2016 2:05 AM

I never expected to get a retirement so I have saved in order to create my own. Those government employees that thought they could do a low-skilled job and retire with a nice fat pension deserve what is coming and that will be when they are paid .10 on the dollar. I hope they get NOTHING.

Still stacking silver. And other necessities like primers, shell casings, and gun powder. I grew up reloading. It isn't fucking rocket science.

giggler321's picture

100% on the ball.  We have opt out in the UK whilst still forced to pay into state pension and company is not supposed to influence decision, most go along with it.  I opt out and my boss starts treating me strange.  Over drink it turns out hes worried about his pension and does not want others to opt out so he can claim his prize.  WTF?

farmboy's picture

Every child could have seen this coming. Where are all the smart Ph D with their "Asset liability Managment" ?

hibou-Owl's picture

I'm a French farmer paying into MSA (Mutual Sante AGRICOLE) which have pretty high premiums. The issue is with investment return looking crap, and an aging farmer this fund must be going backwards. Thank god its 100% government owned. Just Print Print Print.

mary mary's picture


It's ZIRP and NIRP!  It's the Rothschild FED and IMF.  It's Janet Yellen.

LawsofPhysics's picture

It's a damn good thing I know how to make blood pudding...

lasvegaspersona's picture

Pensioners are ALWAYS thrown under the bus!!! From 1790s France to the Weimar and beyond...when currencies fail it is always the elderly and those on fixed incomes and dependent upon the state who suffer. The young can work or at least recover. The elderly die quietly of starvation, cold and from victimization.

We are approaching the failure of our entire currency system. This is not just a recession. Recessions are not ordinarily accompanied by ZIRP and NIRP.

This time is different....worse in every way. The illusion of control is fading.

Prepare!! (doom music please..)

DeeZ_nutZ's picture

buy silver and crash jpmorgan, bitchez!

Actuary's picture

Joining a DB plan is loaning money to your employer. You have worked today, and foresaken pay today, chosen instead to be paid in the future. You may think you are clever and strike a great deal - lots of pay to be made later! Except, you overplay your hand wildly-- the obligation to repay the loans actually helps bankrupt the borrower. You assumed credit risk and you will now endure a haircut on your investment like any other lender.

The root cause is the size of the loans / benefits - in most cases they are simply way too big. Could the bankruptcy have been averted with proper funding and investment? Perhaps, but it is far more likely that smaller benefits, no no benefits, would have been offered at the start if the "right" finanacing requirements had been known.

Yes there have been some bad actors (sadly including actuaries who mispriced these obligations for decades) but they have only exacerbated/accelerated the problem they didn't create it.

Think about it. Why should a school district pay a 55 year old teacher 80% of her salary for 20-30 years without teaching a single class? How does that make any sense for the taxpayers and children of that district? They should have bumper her pay 10% while she worked and stopped paying when she stopped teaching.

Fuku Ben's picture

This is systemic and will not end well globally unless those that set up and know what's going on admit it and work for a solution. Otherwise diversification isn't going to help. You're going to lose most if not all if things move forward as originally planned. In that case diversification with physical assets is potentially a safer way to go but even that could be problematic.

GreatUncle's picture

unless those that set up and know what's going on admit it and work for a solution


We have a problem if the solution is not favourable to those who set this up. There is your problem they are not going to let it change and no way they will ever admit it.