I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Monday, 23 February 2009

The UK Government Ponzi scheme that's conning us all

This racket is divided into two distinct operations: one is called the National Insurance scheme and the other is usually referred to as the public sector pension scheme. The National Insurance scheme has remarkable affinities with the Ponzi mechanism. That is to say, the participants seem on the surface to be investing money that will ultimately pay for their future (state) pension. In fact, however, you will not be receiving a return on your investment during 40 years of dutiful contributions while in employment. Instead you will get money - at the rate, currently, of a measly £90 a week - that is simply what the government is prepared to release out of the inflow from newer contributors to the scheme.


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