Circa 2015, there's a good chance that the following events will occur:
1) Cheap oil will run-out.
2) The limits of silicon miniaturisation will be attained, Moore's law will fail, and economic growth predicated upon increasing computer processing power, will cease.
3) The size of the working population in European countries will decline to the point that it is unable to support the retired population.
4) The early effects of global warming will seriously kick-in.
It's likely, therefore, that any money you're putting away now into a pension will become totally worthless before you can access it. As Tom Hodgkinson points out in 'How to be free', the people selling you pensions want your money now; they aren't spending their time ferreting away money for the future, they're buying opulent houses and extravagant cars now, based upon the money you're giving them now.
Not an optimist then. But you may well be correct.
ReplyDeleteWell, you know that old adage about an optimist being someone not in full possession of the facts..
ReplyDeletei remember reading about a Mayan prophecy that the world will end in 2011, that seemed like a good date to me.
ReplyDeleteI think it's 2012, Elberry, but, and not with any especial conviction, I think it maeks the end of a cycle of time/astrological era or some such, as opposed to the end of the world.
ReplyDeleteWell, well. Makes me happy to have been so impecunious all my life! Nothing saved, nothing lost, as the saying goes....
ReplyDelete