Armstrong Economics
The
pension crisis is beginning to emerge as a real growing problem. The
central banks have been keeping interest rates low for the primary
reason of reducing the national debts. In Germany, they are beginning to
notice that not merely are government pensions growing faster than
private as public servants help themselves to our income by threat of
criminal prosecution for failure to pay whatever taxes they demand, but
in Germany the pension funds in the private sector are headed into
massive insolvency. Even the press is now reporting that private
pensions cannot meet obligations because of the Euro Crisis where
interest rates are kept artificially low to help Southern Europe meet obligations.Continue Reading at ArmstrongEconomics.com…
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