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00:00 Introduction
01:35 The Story
02:14 Two Types of Pensions
03:38 Public vs Private
04:05 Private Pensions – a Car Co
04:37 West is not Breeding – or Dying
06:12 Not Just Japan – Chicago Case in Point
06:50 Workers per Retiree Tipping Point is Past
07:52 Even Simpler Pension Math 3:1
08:03 Population Collapse – Collapse of Civilization
09:19 Retirees Are Expensive – eg NY Sanitation
09:43 Retirees Are Expensive – eg CA Administrator
10:12 Unfunded Pensions 8.28 Trillion
11:09 Unfunded Pensions
11:33 US Unfunded Liabilities 169 Trillion
11:52 When Will Social Security Run Out?
12:48 UK Early Retirement Conundrum
14:24 Mercer Returns – 4% Ain’t Gonna Cut it!
15:05 $400 Trillion Gap in 20-30 Years
16:07 Saifedean Ammous – Losing 14T a Year
17:03 S&P Real Yield Below Zero
19:18 What Global Investment Banks Do
24:52 Yes – How the Game is Played eg Gamestop
21:14 Finally, Pension Overhead
22:07 Government Pensions Are Legal Ponzi Schemes
23:00 How You Fix It?
24:00 Conclusion
24:42 Blaze Your Own Path!
#RetireEarly #Bitcoin #FIRE #Pensions #ArePensionsPonzis #Demographics #DBPlans
