Singapore not such a good option

They claim to be libertarian so the rich move there, then they can “confiscate” their money a la Cyprus.

All these numbers are low-balling it severely. Please, read the ones listed in order, the conclusions are unexpected but true.

Debt to GDP (and some debt is counted in GDP too).

Canada 90%

Congo 131%

Italy 132%

Greece 182%

Japan 238%

UK 88%

Singapore 111%, not a typo, minimum

Cyprus 98%

Spain 98%

You’d be better off moving to Cyprus, literally.

They’re worse than Canada and Brazil.

Nobody asks what will happen to national debt?

I’d like to see debt by continent.

Most of the worst offenders (by population density) seem to be in Asia, remember debt is distributed per person, so a country with a billion people is in much deeper shit.

e.g. India 71%

All that economic potential of a billion people, it shouldn’t be that high.

Read a few more, in context.

Poland 51%

Rwanda 41%

Ireland 69%

Finland, Israel 61%

Colombia 49%

Malta 51%

Latvia 36%

Turkey 28%

Namibia 41%

Sweden 41%

Brazil 84%

Austria 79% etc.

This might not make sense looking through a racial lens.

The problem is socialism. Your national IQ means nothing if you’re lazy.*

It’s a one-trip pony, then the pony must be turned into Ikea meatballs.

It makes the people lazy. The biggest culprit, like falling Rome, is pensions.

AKA enslavement of children.

Years of work to earn a full pension;

Greece: 35

Germany: 45

This is theft. This is genocidal.

Proportion of wages as pension;

Greece: 80%

Germany: 46%

Maximum Payment;

Greece: €2538

Germany: €2100

You know it’s bad when the Guardian calls you a dependent culture.

The old living off the blood of the young, who suddenly can’t afford to move out, marry, have replacement level children (plus their taxes also go to immigrants, to do those things instead). Ironically, we’d better hope this is resolved soon, while Europe can bounce back with pre-WW2 numbers. It isn’t (strictly) racial, it’s about entitlement.

Gen X isn’t bothering to save for the greedy section of Boomers (sadly most) and Gen Y know they won’t retire at all.

Not everything is about race.

*However, a lot of white people are striking (Best Post) from a genuine contribution to their current Western ‘culture’, the void of multiculturalism, that hates their very existence. That isn’t lazy.

“But I paid into the system”

The butthurt in these comments.


“I worked hard for a third of my life, I can sell your teeth fillings if I want because my dad fought in the war!” – seriously, there’s one like that almost verbatim.

Lots of people buy into Ponzi schemes. 

Doesn’t make them entitled to anything though.

There is no pension pot. It’s a metaphor. It is immediately spent.

When you take out, you take from current (young) workers.

The older take out insanely more than they put in. That’s theft.

Damn do we need an update on this.

Strange, it won’t let me properly link to one of the greatest Clarey videos of all time.

It looks like a dead link.

But if you hit play, it does.

They keep doing this to my links.


Market risks 2018

Pension collapse risk, more 2019 imho.
How many people saving for retirement know it’s bound up in funds aka the stock market?
They spend so much time insulting bankers and investors (they are investors) and capitalism and greedy profits, it’ll be intriguing to see their response to a dip in expected yields. Yields they feel entitled to, magical money tree.
I think next year is more a risk, as the see-saw tilts to the consumers, who refused to breed producers, opting instead for historically novel abortion rates. Combine that with record-low, almost nil savings and this will never, ever end well whatever mathematical miracle they pretend to pull out. It’s impossible for infinite growth in an aging/dying/declining society.

Democrats already suggested the prospect of taxing IRAs and 401ks.
Commies never leave money on a table.

Many millennials will be at the prime working age of 30 and many Boomers around 60, critical ages. I’d expect to see a major shift in the workplace and its rules then.

The Guardian finally turns on Boomers and AC’s immigrant prediction

As much as one percentage point could continue to be knocked off annual pay rises because firms need to plug holes in the pension pots of retired staff, according to a report.

The blame lies with the retired baby boomer and their employers who failed to ensure enough funds went into their final salary schemes during their working lives. The deficit-ridden schemes must now be filled from company cashflows, denying today’s workers a proportion of the forecast wage rises.

The day that average wages regain their pre-crash peak is now expected in the middle of 2017, but the Resolution Foundation points out that the pensions effect will continue to be felt in pay packets for years to come.

Economists have failed to make the connection between private pension scheme deficits and workers’ current wages, according Jon Van Reenan – an economics professor at the London School of Economics and a leading expert on the labour market.

Brian Bell, an associate professor at Oxford University consulted by the report’s author, said the huge sums involved would deepen the already growing inequality between generations.

Maybe this should not come as a surprise after more than a decade watching those who own assets – mostly the over 55s – ringfence their booty from anyone planning to tax it or allow the market to diminish its value.

….However, the report shows that since the 2008 financial crisis wages have similarly been depressed by pension payments – not because the money has been diverted into workers’ retirement funds so much as it has been used to fill huge black holes left behind by former workers; who can now claim to be among the wealthiest pensioners in the world.

R-types always turn on one another eventually, and they begin on the frail.
It’s a Big Lie that they’re the side who care about the elderly and infirm, that’s why the old rarely vote Left.
#4 article in Business, only 12 comments. A lot of Millennials are reading and thinking.

When the multiculturalism bubble pops

What I predict is this. This immigrant wave will preferentially target the European leftists in ways indigenous Europeans could not and would not do. They will savage the European rabbit class, from rape, to robbery, to murder, with the tacit approval of grassroots European K-strategists, who will not intervene if they are smart and want their nations back on a more permanent basis. In return, European rabbits may push for universal vulnerability, through total universal disarmament and punishments for self defense, but I would expect that to not fly by that time.

No, I think they’ll want to call the K-type army in to protect them, despite calling to disband the whole thing now and for years.

To be clear there will be collateral damage along the way to good K’s but lets face it. We will deserve a lot worse for allowing this to happen. If I ended up burning in along the way, I think I’d have to acknowledge I had it coming. The vast majority of us will escape the punishments we deserve, while I suspect the rabbits will not.

I disagree. We’re too quick to blame ourselves for what others have wrought.

Once European rabbits are sufficiently removed from the equation by the invaders (either fled, humbled, or dead), the invaders may try to attack K-strategists out of necessity.

From experience, neither side are that smart.
It will probably be like the knock-out game where it’s random and based on race.
The r-types might double down, join the other side and especially spy on us normal people.

Then you will gradually see a movement to eject the invaders by force, and they will flee that “persecution” back to their homelands. My guess is humans will hear endless whining about the “Crusaders” for the next 400 years, and as the rabbit population rebuilds they will bemoan the cruelty and lack of consideration inherent to ejecting the invaders.

No they f&(%ing won’t. It’ll be like discussing the Holocaust now. Or fending off coastal invasion by the Nazis.
I wonder what will happen to the mix families.

We may not see the whole thing in our lifetimes, but I expect to live long enough to hear rabbit wails of anguish and horror, and laugh my ass off at them. For now, we are just waiting on the collapse.

Every Guardian reader I knew is being turned off politics.
They don’t even want to hear about it.
Let alone speak of it.
They’re being triggered by the slightest mention of a political topic and getting angry. I haven’t seen them angry before.

It makes me laugh.
I warned them.

evil grin lol smile happy

Tally ho.

The 1.54% Boomer Riche

One in 65 UK adults now a millionaire, latest figures show

snort lol laugh haha hmph derision yeah duh really uhuh mhmm princess bride

I wonder which generation this could be (mainly).

The number of millionaires in the UK has shot up by 41% over the past five years, with one in 65 adults now classed as having a seven-figure fortune thanks to booming house prices and stock market gains.

The stock market thing is usually a fluke, real estate is the prime moneymaker.

There are now 715,000 millionaires living in Britain compared with 508,000 in 2010, data from Barclays UK shows. Nearly half (48%) of all new millionaires since 2010 live outside London and the south-east.

The bank’s prosperity index found that Reading, Cambridge and Birmingham are the most affluent cities outside of London, and the east of England is the third most prosperous area.

Surging property prices and big returns in equity markets in recent years have combined with higher wages and employment rates to create more millionaires as the UK economy gets back on track.

It isn’t back on track but OK.

The research shows that every UK region is now more affluent than it was five years ago, with measures including household wealth, gross domestic product (GDP), exam results, charitable donations and entrepreneurship taken into account.

QE does that.
They mean NGOs, not charities. A lot of embezzlement.

According to the Office for National Statistics, the richest 10% of households own 44% of household wealth.

And which age group are they? Pray tell.

Akshaya Bhargava, chief executive of Barclays Wealth and Investment Management, said: “The UK is becoming more prosperous, with every region having grown in affluence since 2010. It is also encouraging to see that regions and cities are starting to close the gap with London in terms of prosperity, with the north-east, for example, seeing business growth rates behind only London.”

London and the south-east remain the most prosperous regions, and the capital boasts the most millionaires, up 48% in the past five years to 191,000 – more than the combined millionaire population of Wales, Scotland, Northern Ireland and northern England.

The east of England comes in third behind these two, as rising house prices push more wealthy Britons outside of London, with 23,000 more millionaires calling the eastern region their home.

Reading is listed second for prosperity in the UK, according to the index, with average earnings of £30,562. Growing numbers of entrepreneurs in the UK is also seen as a factor in increasing wealth, with Cambridge emerging as a startup hub and ranking third.

The north-east and Newcastle fall low on the prosperity index. But the study showed the highest rate of growth in millionaires was in the north-east and Wales, both up 50% since 2010. The study said northern regions “may be on the cusp of change, with the north-east leading the way”.

Despite the jump in wealthy Britons over the past five years, the research said growth in millionaires was expected to return to more normal levels over the long term, with a 9% increase in the UK expected by 2025, in line with GDP growth.

Almost like they brought in a new tax on BTL (buy to letters).

If we go back to before the Boomer panic of the Guardian, to  2011:

The inadvertent burden baby boomers have bequeathed the young is sending Britain broke.

…Yet the accusation that boomers are protecting themselves at the expense of everyone else still stands, because relatively ordinary boomers will retire as millionaires, paid for by younger workers. Even the poorer over-50s need to recognise they are going to take out of society more than they put in….


ugh why no please stop god kill me now rdj tony stark

Among other resources;

One British household in every 10 now has total assets exceeding £1m, according to a new book based on work at the London School of Economics published last week

Wealth in the UK crunched the findings from a comprehensive official survey that took place between 2008 and 2010, and found that 10% of households had total wealth of £967,200 or more….

…As lead author Professor John Hills explains: “It is not that there are millions of people with millions of pounds in the bank, but rather that London property prices and – for those lucky professionals who retain them – final salary pensions have quietly made technical millionaires out of many who would only consider themselves as solidly middle-class”….

i hope you fucking choke love heartbreak

…In addition, over-55s accounted for most of the 2.5m ‘millionaire households’, having benefited in particular from rising house prices. But there’s also a great wealth disparity among households in this age group….

Yet about 1 in 10 of those still managed to fail. Fail to save. Ever. Because magic money.

…The top 10pc in that age group own assets worth more than £1.46m, said Prof Hills, and the typical household had wealth of £431,000…..

…He also warns against the complacent temptation to regard the great surge in wealth at the top end as a “purely paper” phenomenon, arguing instead that it will have implications for social mobility for a long time to come…

translation: Gen Y are fucked.

The members of Britain’s baby boomer generation who are just starting to enter retirement have been called “the richest generation in history”. Yet, to a large extent, the British welfare state still treats age as a proxy for need, transferring large amounts of public money to all pensioners in the form of universal benefits, regardless of how wealthy they are.

Old goats for votes.

In order to help further the debate surrounding how Britain’s welfare state should be reformed as the population ages, IF undertook this study to discover how many members of the older generation live in households that have assets of more than £1 million, using data from the 2008/10 Household Wealth and Assets Survey.

The author estimates that in 2011, there were approximately 1.9 million over-60s living in households with asset wealth greater than £1 million, 1 million of whom were over-65 (above state pension age for both males and females). This finding should lead to increased debate about how the British welfare state treats pensioners who have large reserves of private asset wealth, and whether benefits should the distributed according to need rather than age.

Remember the Communist mantra?

no do not want go away displeased

…Pattern? What pattern?

In case you think I’m doom-mongering for Gen Y (Gen X got a mixed bag):

It begins (from this June);

Younger people are being left with ‘apocalyptic’ levels of debt, a report warns today.

I know the feel, bro

So-called Generation Y, born between 1980 and 2000, will be forced to pick up the bill for decades of Government over-spending, it is claimed.

*throws K-selection confetti*

Analysis by the Centre for Policy Studies (CPS) accused baby-boomers of making unfunded promises on pensions and benefits and then leaving their children to pick up the bill.

Surges of hormones make Hulk angry

Coupled with unaffordable housing, university debts, poor pensions and a ‘rapidly retreating state pension age’, Generation Y now faces ‘a quality of life below that of their parents’.

The CPS accused politicians of ‘fawning over the baby-boomers and older pensioners’ as they were more inclined to vote. The think-tank says the state’s liabilities – including ‘off the books’ spending commitments – is £6trillion, or £221,000 per household.

In the report, Tory peer Lord Holmes of Richmond said people in their twenties and early thirties faced ‘a struggle not experienced by previous generations’ as they had been left to pick up ‘the tab’.

He said: ‘Why should you suffer a standard of living lower than your parents?’.

The think-tank said overall liabilities had risen by hundreds of millions in the last five years alone – despite the country supposedly living in an age of austerity.

The CPS said the bill would be picked up by today’s young people, so-called Generation Y.

Their parents and the so-called baby boomer generation born after the war have been protected by politicians unwilling to upset older generations who are more likely to vote.

…In a devastating analysis, the report’s author, Michael Johnson, says: ‘Baby-boomers have become masters at perpetrating inter-generational injustice, by making vast unfunded promises to themselves, notably in respect of pensions.

 I love this suit and everything about this demeanour

People age at variable speeds (biological age)

Antiaging interventions are needed to reduce the burden of disease and protect population productivity.

Translation: they want to work you like a dog until you die.

Young people are the most attractive targets for therapies to extend healthspan

How is that NOT eugenics? You can bet it would be enforced.
Covered here:

…The analysis showed that at the age of 38, the people’s biological ages ranged from the late-20s to those who were nearly 60.

Pretty huge variance.

“They look rough, they look lacking in vitality,” said Prof Terrie Moffitt from Duke University in the US.

The study said some people had almost stopped ageing during the period of the study, while others were gaining nearly three years of biological age for every twelve months that passed….

Wouldn’t it make more empirical sense to study the verifiable Dorian Grays of the group?
Could this be genetic load?
Epigenetics with environment?

Taken with other studies, such as caloric restriction, might the body have an optimum stressor rate, beyond which it begins to break down? What could affect this? Processed food, particulate matter (air pollution), toxins processed or physical exertions?

“Any area of life where we currently use chronological age is faulty, if we knew more about biological age we could be more fair and egalitarian.”

I don’t see how. Unless you shoot people for being too young.

She argued the retirement age may be unfair for those “working at their peak” who then had to retire.

Oh, the government wants another excuse not to pay your pension. Fantastic.
It’s also ironic I was writing today about how men have a Wall too. Deny this. We’ve all seen people from school who were late bloomers, as well as people who peaked at age 15.

There is no guarantee with your pension

Savers in their forties and fifties are being “misled” over the safety of their final salary pensions and could suffer a 10 per cent cut to their retirement incomes, a senior official has warned.

In a stark warning, the head of the government’s pensions lifeboat said five in six final salary schemes had fallen into the red and faced a struggle to pay savers a full pension.

Alan Rubenstein, chief executive of the Pensions Protection Fund (PPF), said that many of the 11 million people with a supposedly guaranteed, inflation-linked pension were being led to believe their pension was safe, when “for many that isn’t the case”.

Savers who tried to cash in their final salary pots early, by using the new pension freedoms due in April, face losing up to 40 per cent of the value of the pension they’ve built up, he said.

The comments, in an interview with The Telegraph, represented the most overt warning from a government-backed organsiation since the crisis in the early 2000s when thousands of workers faced the loss of their pensions as companies collapsed with deficits in their schemes….

In addition, Labour is trying to make itself universally unpopular;

More money could be saved by lowering the £40,000 ceiling on the amount savers can put aside each year tax-free or cutting the lifetime tax-free limit of £1.25million per pension, The Times reported last night.

Pension entitlements make up as much as the NHS in size

Here we go, here we go, here we go….

“Politicians must wake up to the size of the debt time bomb in the UK. Older generations have voted themselves benefits that will indebt future generations, meaning crippling tax hikes for our children and grandchildren.

“Very significant spending restraint and reform of entitlements will be required in the next parliament and beyond to get our debt levels back under control.”

Their hand will need to be forced

…The solution? Government spending must be cut by 25 percent they say – and that would just hit the debt targets and not touch tax cuts which many argue are needed for expansionary economic policy.

The report suggests areas where reforms could be made to meet these targets, focusing on healthcare and pensions. They advocate changing the eligibility for pensions and healthcare by raising the state pension age further and linking increases to increases in the cost of living. They say it may also be ‘inevitable’ that pricing or charging for some aspects of healthcare be introduced.

In addition, replacing the state pension with a compulsory, private defined-contribution pension arrangements – which have succeeded in Australia – should be considered, they argue, saying that a compulsory healthcare insurance system would also benefit future generations.

But the problem with this lies in a cultural ideology, as Bourne explains:

“If we are to avoid crippling taxes on a shrinking working population to pay for this, it’s clear that significant spending restraint and reform of health and pensions will be necessary.

“This requires a level-headed debate, in particular about how we deliver healthcare and whether a free at the point of need NHS is viable in the long-run. Unfortunately, this debate is so often closed down by institution worshipping ideologues who do not want to discuss fiscal reality”.

Congratulations, Baby Boomers. You caused this entire mess and you’ll suffer for it.
The young will choose NHS, I think.

UK Pensions introducing new “flat rate”

– regardless of promises. The age hasn’t been raised, the end of pensions is nigh.

Obtaining a precise forecast has become an urgent matter for the over-50s, who need clarity to plan for retirement. The new pension will take effect on April 6 2016, which is now less than 20 months away. Anyone reaching pension age after that date (it will be 63 for women and 65 for men by then) will be subject to new income calculations.

The age group with record lows of personal savings? I know what they deserve

It was a divisive message, leaving neighbours and old school friends envious. Many were angry at the creation of yet another generational “apartheid”. While acknowledging that reform was needed – it will stop many women retiring on a pittance, provide fairness to the self-employed and give clarity to younger savers – many felt abandoned by the Government.

However, over the past few months that impression of rank inequality has gradually worn away. It is now clear that very few will get the full amount – at least to begin with.

Government lies! Civil servants lie! Breaking news!

In sacrificing entitlement to anything other than the basic payment (£113.10 a week today) they paid lower National Insurance contributions. Mr Webb said this exchange of benefits had to stand.

Pay less in, get less out aka common sense?

Had he contracted out of the pension top-ups for just three years – between 1979 and 1982 – he would be due around £200, the DWP said. To be clear, pensioners will keep any accrued benefits, even if it means they are paid more than £155 a week.

Yet if the worker had sacrificed the top-ups between 1979 and 2015 and paid less National Insurance, he would be due £125 – far less than the “flat rate”.

Baby Boomers – the truly entitled generation. What did they expect?


UK Baby Boomers and pensioners becoming VERY mature students at young taxpayer expense

Of course they need to re-train. They were never trained properly in the first place.
They wasted their youth (see Best Post).

Now Millennials have competition for jobs AND Uni places.
Keep voting left you stupid, ignorant babies. The millstone will be around your neck for life, not a Scrooge McDuck style billionaire.

They don’t care about you. They never cared about you.
You are their free lunch ticket. Your life is debt slavery to them.