Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

German Pension Crisis the Same as Japan & USA



Posts : 17902
Thanked : 880
Join date : 2013-01-12

German Pension Crisis the Same as Japan & USA

Post by Lobo on Thu 18 Aug 2016, 1:33 pm

The Pension Crisis continues to spiral out of control and the central banks are incapable to reversing their policy. Raising rates now will cause budgets to explode and all the bonds they bought would collapse in price no less become totally unsalable. Now in Germany, the Bundesbank has addressed this crisis advising that the population must now work long term before receiving a pension and they must endure significantly higher pension contributions. In its monthly report published this week, the German central bank recommended increasing the retirement age to 69 years until 2060. They bluntly said that the federal government should not hide the fact that “further adjustments are inevitable.”
They pointed out that the projections until 2030 for pensions were based on calculations from the year 1989 when interest rates were substantially higher. The pension projections were never extended beyond that 2030 calculation. Currently, the retirement age will be gradually increased from 65 to 67 years. The projections of the federal government by 2030 will also limit the pension contribution to a maximum of 22% of gross earnings of workers. The Bundesbank says that this will need to rise significantly. They further point out the because of rising life expectancy and the low birth rate in the long term, the system will not be sustainable at current levels. The Bundesbank has stated the retirement age must rise to 69 and the current contribution of 18.7% must rise to 22% minimum.
Welcome to the collapse in socialism. Government is great and promising everything, and incapable of managing anything.

    Current date/time is Tue 06 Dec 2016, 9:53 am