Pensions Timebomb in "Slow Motion Detonation" In Ireland, UK, U.S. and Internationally Pensions in Ireland, the EU and internationally will go bankrupt as the long awaited ‘pensions time bomb’ detonates in slow motion. Max Keiser and Stacy Herbert discuss how at the end of retirement many Americans, Europeans and others will suffer as their pensions are decimated in the coming years. The surmise that this is due to zero percent interest rates and ultra loose monetary policies which have been pursued for the benefit of banks and corporations. Governments and central banks bailed out banks at the expense of pensioners, and of workers, who have been effectively “thrown under the bus”. In the second half, Max interviews Constantin Gurdgiev, Professor of Finance at  Middlebury Institute of International Studies, about the debt situation in Europe and the NAMA and Irish water debacles. A great interview to watch.

http://www.goldcore.com/us/gold-blog/pensions-timebomb-in-slow-motion-detonation-in-u-s-eu-and-internationally/#