UK Pension Timebomb

[DimPrawn]

Luckily all our debt is paper debt, and paper can be printed on very cheaply.

If we owed the money in gold we'd be ****ed.

[Doggy Styles]

is ticking

Public sector's 'Madoff-style' pensions pyramid will spark crisis, warns Centre for Policy Studies - Telegraph

We can see the visible debt and deficit bequeathed by New Labour, this is part of its big invisible brother.

[DimPrawn]

Is this supposed to be doom?

Doom is Soooooooooooooooo New Labour.

Property prices rising, no unemployment, city banks bonuses at record levels, stock markets in an upward frenzy.

The game changed when the BoE started printing money.


We can pay every public sector a full gold plated pension. We just print the money. They get their pensions and we all get poorer with massive inflation.

Sorted.

[BlasterBates]

is ticking

Public sector's 'Madoff-style' pensions pyramid will spark crisis, warns Centre for Policy Studies - Telegraph