I guess I’d better just remortgage the trailer and see what runs out first the food or the propane.
I am actually beginning to like the retarded communist 3d world countries: they steal our jobs, supply us with crap, don’t fight wars and ignore economic sanctions, which results in saving. The enlightened western capitalism makes everyone poor, sends money to the retarded 3d world dictators, fights wars and outsources everything. I should build a factory in China instead of trying to jump thru the hoops doing business in Canada.
I think the US is way too high up on the list. Unlike in Canada they actually have no real savings in their pension plan. All the money was borrowed for general revenue and they are now too broke to replace it. Remember when Clinton announced the US budget was balanced .. well that is how he did it. Most Americans will not get a dime or will be paid with worthless deflated dollars.
Aaron: LOL, I guess everybody now moves to Greece!
At least the islands are nice, Greek salad is good,
and you can always find Mousaka.
What a hoot.
Gee, another socialist ponzi scheme. Am I noticing a pattern here? ~:D
Unfunded pension plans. Not much to bank on 🙁
Woo Hoo!
At least we beat out Belgium!
The most interesting aspect is the relative imbalance between capitalism and socialism.
The best performers in this study are small socialistic nations with highly regulated economies, however, they depend on a robust form of international capitalism to sustain their prosperity and that seems to be drying up with US going wobbly.
The pension obligations down the road will be onerous to say the least if things go south.
The nations least vulnerable are the least socialistic.
Just thought I’d point that out.
Go Belgium Go!
Why doesn’t Oprah just buy the US for Obama???
Peter Milot:
I think you’ve misinterpreted the graph. It’s better to have a short line than a long one. Belgium is doing better than the US, not worse, but the US is doing better than all of those socialist countries above it on the graph.
Correction: The US is doing better than Belgium, not worse. (It’s late, and I should probably be in bed.)
This is why I eat a little bit of cat food everday. So that when I’m 80 yrs old and there is no money in my pension fund, the taste won’t be such a shock when I have to eat it at every meal.
Defined benefit pension plans are disappearing in Canada – the defined contribution is all the rage. It will be interesting to see what this stock market melt-down, errr, correction, does to people’s thoughts about the joys of looking after their own pension.
As my brother told me, don’t worry about the disappearance of people’s defined contribution pensions, that just solves the workforce shortage. He’s probably right in a way – many people will not be able to retire like they thought, or when they thought.
Older workers, more illness and sick time, decreased profits, etc etc, down a bad road.
Hey, how come Chile is not near the top of the list?
I member reading a Cato Institute study awhile ago saying that Chile had one of the best run pension plans in the world.
BTW, dog food is cheaper and has way more meat in in it – even if it is roadkill.
rockyt-Chile is not near the top of the list because it is not on the list. If it were, it would probably be close to the bottom of the listings, not the top.
I guess I’d better just remortgage the trailer and see what runs out first the food or the propane.
I am actually beginning to like the retarded communist 3d world countries: they steal our jobs, supply us with crap, don’t fight wars and ignore economic sanctions, which results in saving. The enlightened western capitalism makes everyone poor, sends money to the retarded 3d world dictators, fights wars and outsources everything. I should build a factory in China instead of trying to jump thru the hoops doing business in Canada.
I think the US is way too high up on the list. Unlike in Canada they actually have no real savings in their pension plan. All the money was borrowed for general revenue and they are now too broke to replace it. Remember when Clinton announced the US budget was balanced .. well that is how he did it. Most Americans will not get a dime or will be paid with worthless deflated dollars.
Aaron: LOL, I guess everybody now moves to Greece!
At least the islands are nice, Greek salad is good,
and you can always find Mousaka.
What a hoot.
Gee, another socialist ponzi scheme. Am I noticing a pattern here? ~:D
Unfunded pension plans. Not much to bank on 🙁
Woo Hoo!
At least we beat out Belgium!
The most interesting aspect is the relative imbalance between capitalism and socialism.
The best performers in this study are small socialistic nations with highly regulated economies, however, they depend on a robust form of international capitalism to sustain their prosperity and that seems to be drying up with US going wobbly.
The pension obligations down the road will be onerous to say the least if things go south.
The nations least vulnerable are the least socialistic.
Just thought I’d point that out.
Go Belgium Go!
Why doesn’t Oprah just buy the US for Obama???
Peter Milot:
I think you’ve misinterpreted the graph. It’s better to have a short line than a long one. Belgium is doing better than the US, not worse, but the US is doing better than all of those socialist countries above it on the graph.
Correction: The US is doing better than Belgium, not worse. (It’s late, and I should probably be in bed.)
This is why I eat a little bit of cat food everday. So that when I’m 80 yrs old and there is no money in my pension fund, the taste won’t be such a shock when I have to eat it at every meal.
Defined benefit pension plans are disappearing in Canada – the defined contribution is all the rage. It will be interesting to see what this stock market melt-down, errr, correction, does to people’s thoughts about the joys of looking after their own pension.
As my brother told me, don’t worry about the disappearance of people’s defined contribution pensions, that just solves the workforce shortage. He’s probably right in a way – many people will not be able to retire like they thought, or when they thought.
Older workers, more illness and sick time, decreased profits, etc etc, down a bad road.
Hey, how come Chile is not near the top of the list?
I member reading a Cato Institute study awhile ago saying that Chile had one of the best run pension plans in the world.
BTW, dog food is cheaper and has way more meat in in it – even if it is roadkill.
rockyt-Chile is not near the top of the list because it is not on the list. If it were, it would probably be close to the bottom of the listings, not the top.