Loading ...CPP or SS “Entitlements” that we all paid into
Classic Ponzi scheme.
(I’m using 65 instead of the delayed payment ages that where enacted in the recent past) The Boomer Generation is classified as being born between 1946-64.
By 2028, all the Boomers will have reached eligibility or be receiving partial payments for some who take it early. Many of the early Boomers will have passed by that year thanks to Covid measures and bad health. Will lessen the burden on the supposed pot of money. Some of the money was invested in low yielding Treasuries instead of Equities.
Even if there are still funds now, 2028 may be bad year for the Plan without a major bailout or further increasing the age or yearly pay-ins.
Time to cue up the next virus to reduce those useless eaters. Yikes! We are in their sights.
The UBI they are discussing at the WEF may be their solution with a one World currency where they just print electronically all the money they need. No competing currencies to compare. CBDC and Digital IDs. It’s all coming into focus.
Most western socialist countries will likely default on their pension obligations in 2027/28, as they will be insolvent. This includes Canada.
I don’t disagree, however, I haven’t yet seen any analysis of the Canadian situation that dissects the problem as was done in the attached article.
It keeps being publicized that the CPP is much richer that US Social Security due to better investment strategies, yet it supposedly cannot survive the removal of Alberta’s portion (should they choose to proceed) — so conflicting statements with no real data to assist the public analysis.
I perceive Columbia to be correct — those who “contributed to Canada” are now considered useless eaters that governments would prefer passed away versus collected on their pension entitlements. We ARE in their sights!
AND…THEY are in OUR SIGHTS !
FUCK EM