Josh Sigurdson talks with author and economic analyst John Sneisen about the pension crisis affecting The Netherlands and what it says about retirees worldwide as the shortfall worsens and lifespans become longer.
The pension system is built on dependence on two entities that depend on the dependence of the populace. Government and banks.
After decades of hard work, working half the year for the government, many retirees will be faced with an unprecedented disaster in the coming years when not only is their pension taxed, but also, it may not even exist. Pension plans worldwide are facing an enormous shortfall that plays into the vast central planning of the economy and the vast debt of the individuals attempting to keep up with the taxes, regulations and inflation.
In this video, we break down the issues facing The Netherlands and Holland as well as the issues facing individuals all over the world. The pension shortfall globally is set to hit 400 trillion dollars by the year 2050. With people born in 2007 living to the age of 103 on average, this system cannot be more unsustainable.
Stay tuned as we continue to cover this issue closely!