#RetireEarly #Bitcoin #FIRE #Pensions #ArePensionsPonzis #Demographics #DBPlans http://www.patreon.com/investanswers 💰Tradingview referral link $30 off: tradingview.com/?offer_id=10&aff_id=27663 💰FTX USA: Save on trades FTX referral link: https://ftx.us/#a=6600802 10% Savings on Fees 💰FTX ALL OTHER COUNTRIES: https://ftx.com/referrals#a=78091443 10% Savings on Fees DISCLAIMER: The information contained in this video is for informational and educational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. 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!
Bitcoin is a Ponzi scheme
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