Thanks Bill for this contribution,

All of us are aware that pension time will be rough for most. Part of it is indeed related to good news: we tend to live quite old.

The picture is bleak in most OECD countries. This pension crisis - which is occurring in very slow motion everywhere - will of course even bleaker in places where "saving" is not the way of life and/or where demographics are especially weak but most of us in OECD countries will have to live through it in some way or another. Depending on the country, the setup is different, liabilities may be on privates entities or state ones. But in the end...

I personally expect the great manipulators of our times - central bankers - to be both massively responsible for the coming crisis and a nasty part of a nasty solution: "they will print the money" required to support older people. And that means inflation on the long run. How will the "pension funds" be able to handle inflationary times after the current period of artificial low interest rates: they won't and will be washed out! Will Wall Street and London do well with directional bets and insiders info when others suffer massively? Even better since they have a premier lever at the central bankers!

A lot of us will have to try to be smart and, possibly, as healthy as possible... Won't be easy for sure. Until we recover some sort of sound money base - yep an interest making one - the chances of a general recovery of our monetary/finance system are IMHO pretty low.

My 0.02 cents of a the coming USD, Pound, Euro and al..