Armstrong Economics
The
collapse of Socialism is unfolding before everyone’s eyes – they just
ignore it. In the states they manipulate the CPI to render inflation
irrelevant and impossible. In Spain, they now will stop indexing
pensions altogether because they cannot create a fake CPI as the US
does. There will no longer be any automatic link to inflation from 2014
onwards for Spanish Pensions. Thus, the Spanish government wants to save
33 billion euros in ten years. The retirement age for the time being
remains at 65 years for now but there are discussions about raising that
to 70 in the EU as a whole behind closed doors in Brussels.Continue Reading at ArmstrongEconomics.com…
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