Thursday, April 12, 2012

I have a cunning plan that involves exponential house price growth.

IMF warns of £750bn pensions time bomb

The IMF said yesterday that even a slightly faster than expected increase in life expectancy could impose a huge new financial burden on Western economies such as Britain. “The time to act is now,” it said. Governments and the financial sector have consistently underestimated how quickly average lifespans will rise, IMF researchers found. They believe it has been routinely understated by about three years, which could render public finances unsustainable, they warned. For Britain, the IMF calculated that on the “not unreasonable” assumption that the entire cost would fall on taxpayers, the country’s public debt would rise from 76 per cent of gross domestic product to as much as 135 per cent.

Posted by sibley's b'stard child @ 11:07 AM (1883 views)
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17 thoughts on “I have a cunning plan that involves exponential house price growth.

  • mark wadsworth says:

    Sib’s you are a genius, how come you aren’t already PM?

    “I have a cunning plan that involves exponential house price growth”

    Instead of forcing young people to pay overly generous pensions via the wicked tax system, let’s trick them into paying overly generous pensions via inflated land prices.

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  • See film ‘Logans Run’

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  • Is that why they are jacking the food with GMO’s, jacking the vaccines with mercury, pumping us full of toxic chemicals, etc?

    Have no doubt about it, this is a justification for the genocide currently going on.

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  • Essentially, the corrupt fascist system where corporations are bailed out and where regulations and taxes destroy the consumer and small business person, that awful neo-feudal system cannot sustain the population. These are the people who benefit from the taxation and regulation so, the only solution for tyrants is genocide. It is the only way they can sustain their tyranny and avoid revolution.

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  • letthemfall says:

    “..the IMF report said. “If not adequately addressed soon, it could potentially further threaten fiscal sustainability.” ”

    Wow, four adverbs – a 33% adverb rate from the IMF. Things must be serious.
    I’m predicting a nuclear time bomb, in which the use of the phrase “time bomb” increases exponentially in an uncontrolled explosion of newspaper guff.

    Libertas. You need more adverbs.

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  • general congreve says:

    @2 – Sorry Libertas, but if there is some cunning eugenics based plot by the elite to get rid of the serfs, why on earth are the middle class being priced out of breeding (2 wage earners to pay for a roof over your head), while the scum get free houses and a licence to breed as many kids as they like?

    Also, with the population hitting 7 billion, too things are clear. The evil NWO masterminds have done a woeful job of reducing world population thus far and what with the long term sustainability of the planet, it would bea good job if we shed a couple of billion useless eaters – although I’d obviously vote for the greedy f*cks in the USA to go first.

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  • general congreve says:

    Two things even.

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  • general congreve says:

    Back on topic, yes, there is a pension time bomb, a side effect of medical science increasing longevity per se, but not productive longevity and the fact that pension funds are stuffed full of toxic government debt. Liquidate the pension, buy gold, be happy.

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  • Very hard to predict longevity changes – the factors that have hitherto caused life expectancy to increase may become a little spent, whilst a rapid increase in the numbers of older people who are obese may turn the tide a little. The lack of new antibiotics, and the growing resistance of bugs to the old ones, may also take a toll on the old and weak.

    However, if the medical profession starts making major advances in the fight against cancer (and hardly a month goes by without a newsworthy story in that field) then mean longevity might make a rapid advance..

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  • sibley's b'stard child says:

    Au contraire MW, you’d get my vote.

    Of course the solution is obvious, we just need to create or import enough able-bodied workers to support the teetering pyramid. Pyramid schemes never fail. Until they do.

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  • “why on earth are the middle class being priced out of breeding”

    – Because middle class entrepreneurs are the traditional competition to the elite and corporations. They are competition to the banking interests because middle class families and small businesses tend to be independent, self sufficient and not require debt. Big corporations are happy to take on debt. Also, families are self sufficient which is why the family unit is under attack.

    A one world government is dependent on inter-dependency. What that means is, full dependency. Endless debt and austerity, technocrats to run your life, corporations and government agencies to provide all of your services.

    These services were once all provided within the family unit, within the small family business, by the individual and within local communities.

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  • Is it purely a coincidence that your name is an anagram of rats bile?

    Or rite bals – are you from Norfolk?

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  • general congreve says:

    @10 – I get what your saying about the control aspect, but what is the point of ruling a world filled with obedient tit-feeding numpties? Who is going to work in the pharmaceutical research centres, the universities, the nuke plants, the tech labs and provide the elites superior standard of living if they’ve bred out the brains and are only left with the scrotes?

    That said, I wouldn’t put it past them, as it’s been tried before. The Russians killed off all the intelligensia and created a cradle to grave state controlled monopoly on life and industry. Collapsed in a heap of debt, outdated technology and industrial inefficiency, if I recall correctly.

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  • mark wadsworth says:

    GC, I’m loath to say it, but Rat’s Bile may have a point – but as you say, the 1% in the West need reasonably well educated etc middle class people to keep things running (having seen what went wrong when the 1% in Soviet Russia tried doing without them).

    So what they do over here is pit the middle class against each other by having house price wars, it is mainly older middle class against younger middle class, but it is still enough to keep them occupied. The bonus is that these house price wars force the younger middle class to work even harder just to stand still as well as shovelling more money to the 1% as land prices and mortgage interest.

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  • general congreve says:

    @13 – I see, don’t kill the middle class off, but keep them occupied at the grind stone so they don’t have time or money to cause trouble and can afford their astronomical mortgage payments to the elite. Only problem is this plan comes off the wheels in a generation, because middle class households need two wage earners, so middle class breeding collapses.

    Back to the topic. Pensioners are in big trouble from a triple pincer of inflation, low interest rates and failing pension funds! Just been to the supermarket. Favourite cheap bottle of wine up another 2.6% on it’s 2010 price since last week (total price increase 25.7% in just over 18 months), and recent favourite ale (price data only goes back a month on this one!) up 2.9% since last week. Go sterling go!

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  • mark wadsworth says:

    GC, yes, the 1% have to keep the middle class and the working working class noses to the grindstone, and if they get too greedy then it rebounds on them.

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  • Guys, pensioners are not provided for because the banksters have stolen their pensions. It really is that simple.

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