Market Talk – September 19, 2024
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 775.16 points or 2.13% to 37,155.33 • Shanghai increased 18.74 points or 0.69% to 2,736.02 [...]
Swiss Occupational Pension Plan Turns Out to be a Ponzi Scheme?
In Berne, Switzerland, there has been a redistribution in occupational pensions which has revealed that it too is not a funded pensions plan as people previously assumed. For at least twelve years, pension fund monies have flowed from the employed to the pensioners. The amount has reached a tremendous scale with funds in the order of more than 90 billion francs being redistributed during these years. This is the result of data collected by PPC Metrics, the pension advisor for the SonntagsZeitung.
The AHV pension scheme is heavily redistributed in the pay-as-you-go system, but the occupational pension schemes should have been fully funded. With low-interest rates, the presumed fully funded occupational pension plan is now also operating as a Ponzi scheme. The prospect of future payments has been called into question.
Latest Posts
Australia Prioritizing the Creation of a Wholesale CBDC
Speech by Brad Jones, Assistant Governor (Financial System), at the Intersekt Conference in Melbourne – ‘Financial Innovation and the Future of CBDC in Australia’: https://t.co/zuYTeslJhZ pic.twitter.com/3ndAbgjepq — Reserve Bank of [...]
Supplemental Poverty Measure on the Rise
The latest Supplemental Poverty Measure (SPM) found that at 12.9% of American households currently rely on government assistance, up from 12.4% one year prior. The figure was at 11.8% in [...]
Who Wants War – Raise Your Hand!
They say we live in a Democracy. That is the biggest lie and the first told to us by our Republican forms of government. Even the Pledge of Allegiance says, [...]
