In this video, I talk with author and economic analyst John Sneisen about the importance of self sustainability and financial responsibility as the pension ponzis throughout the world start crumbling at their foundations.
The the UK Department For Work And Pensions announces that six million middle class workers are not saving enough for retirement. This is a big problem, but when compared to pensions throughout the world, it all fits into the script.
Pension funds are seeing massive shortfalls throughout the world and the reality is, the very entity that wants you in debt and poverty and benefits from such an occurrence is also the same entity behind the pension systems. The banking system and government. It's a massive ponzi scheme and keeps individuals dependent on that said system with some terribly risky bank rather then saving for themselves and being responsible with money.
People need to be self sustainable and financially responsible. People need to put money where they want to put money without the force of the state. Voluntary interactions is the true free market, not government coercion and force tell you you must save money here or there.
People under 30 are very unlikely to ever get their pension. So preparing themselves so they are comfortable later in life is very important.
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