Friday, September 9, 2011

Salvation For Western Pension Funds

In the prequel to this commentary, I pointed out to readers that the current “Western pension crisis” threatening the economies of many/most Western industrialized nations has two primary drivers. First, with nearly ¼ of the GDP of these various economies consumed in paying interest (in one form or another), these economies can never generate the same average level of return we experienced when our economies were in relative health. Greatly exacerbating this problem is the propensity for pension fund managers to buy the worst investments in the marketplace.

As I previously explained, most of the blame for this second problem lies in the fact that these pension fund administrators have allowed their decisions to be “heavily influenced” by the Western financial crime syndicate – i.e. multinational bankers. When one gets their “investment advice” from career criminals, it doesn’t take a psychic to predict a bad outcome here.

Obviously the first step back on the long (painful) road towards solvency for these pension funds is to totally divorce these funds from any/all connection to these fraud-factories. Don’t buy any shares in the banksters’ own hopelessly insolvent operations. Don’t buy any of their fraud-saturated “financial products”, and don’t listen to anything they say about markets or the economy – since the percentage of time these banksters are either wrong or simply lying exceeds any accurate information they distribute by at least a factor of ten.

There is another more fundamental problem here, however, which I refer to as “other peoples’ money syndrome”. This is a very common, human failure where otherwise responsible individuals will show markedly less concern and diligence when handling other peoples’ money than when handling their own. (more)

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