If only that were true!

There actually at least 4 very large elephants in the room very much bigger than the demographic elephant highlighted here.

1. Abrupt Climate Change.
2. Declining net energy.
3. The Sixth Great Extinction Event
4. Collapse of Ponzi economics and Ponzi finance: negative interest rates are already being imposed in a futile attempt to extend the life of ‘the system’.

‘The pressures will make change inevitable and that if debate is shut down now, those changes are likely to be ad hoc and ill thought through.’

Inevitable change is already underway (e.g. the local economy is collapsing), but most people choose not to notice and refuse to become informed about anything of significance.

It is government policy to shut down debate: the government cannot permit frank discussion about the awful predicament politicians have created. Needless to say, everything the government does is ad hoc and ill thought through. Hence, everything that matters gets made rapidly worse.

The latest data indicate we have ONLY 13 YEARS LEFT before atmospheric CO2 breaks through 450ppm and Abrupt Climate Change renders much of the world uninhabitable.

We will know in just 7 months whether the Arctic Sea will be ice-free this year. If it is not this year then inevitably it will be very soon. Once the ice melts, ‘all hell will break lose’.

‘The evolution of KiwiSaver as the world’s first auto-enrolment national programme continues to attract much international attention. Many New Zealanders don’t appreciate how clever NZ has been with this programme’

KiwiSaver was only ever a huge confidence trick on the road to economic collapse which will be followed by extinction of the human species.

I wonder how many of them are National voters…?

Talk about Turkeys voting for an early Christmas!!

Marcus & Words – quite correct.

Brian Gaynor wrote this analysis in 2007: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10465138\

And this analysis from 2014: http://www.stuff.co.nz/business/money/9916584/Compulsory-super-would-be-worth-278b

National has never been adept at long-term economic planning and has usually left that to Labour to make difficult policy changes.

So if anyone expects the Nats to address the impending “bubble” of mass superannuitants – they’ll be waiting a long time.

Yes, NZ could have been extremely wealthy with Labour’s Super scheme if it hadn’t of been for Muldoon scrapping it. National governments always gut this country for itself and rob it of a sound financially secure future.

Just thought I would mention that the third Labour government set up NZ Super, only to have Muldoon petulantly wipe it a couple of years later and substitute the present unaffordable National Super scheme.
Way to go National! Another addition to your large list of cock ups.

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11582508

What this National government are doing is elder abuse.

If you look at not just New Zealand but the western world in general and all its problems.

– 50% divorce rate
– Mass under and/or unemployment
– Crime
– Salary
– Health
– Food security
– National security
– Retirement funds ect ect
– Student loans
– Loan sharing
– Vulture capitalism

The list is quite long. One should relies that you have been lied to by ones parents and teachers. That the values been taught are based on broken marriages, a retirement system broken and not able to sustain some one longer than 5 years (even though we seem to be living longer and longer), and worst of all sky rocketing costs of living. We all have a story about movies use to cost $5 ect ect. So our parents are patently wrong.

The biggest issue is how we are taught by our teachers about money.

– money is the root of all evil
– money doesn’t grow on trees
– money doesn’t buy you happiness

Money can not communicate so it has no problems. We project our problems on to it.

That’s not to say that I believe the system is so far gone it’s not worth saving. What I am saying is the ideas our parents told us as kids are incorrect. Ideas like

– go to uni
– get a good job

The fact is half of all New Zealanders don’t have stable jobs and 30% of New Zealand’s youth are unemployable for one reason or another. That’s not just system failure. Some where along the lines we corrupted who we are as New Zealanders and got sucked in to mainstream medias ideals that it is beneficiaries fault or people of colour, or immigrants, and now it seems it is the teachers fault for our lost living standards.

We are in a state of decay. Sure we spend billions repairing roads, hospitals, schools and all that. Yet health epidemics continue to rise, road fatalities seem to be at all time highs (I’m happy to be corrected on anything) and schools? Our schools can’t seem to keep themselves out of the headlines for doing really dumb stuff.

Then government stooges roll out some statistics to explain it all away. The numbers seem to be revolving around some unknown force pushing statistical numbers in opposite directions like light passing through a black whole. For instance we have falling crime states, yet, we know that police just refuse to file a complaint.

The black whole that is pushing these numbers in opposite directions is quite clearly debt. Not just any debt, an un describe force – of debt. Like a black whole that needs special goggles to see, finding where all the money is being sucked into requires specialised forensic accountants.

You can’t see this money disappear so it’s not student loans, it’s not government spending, it’s nothing probably any one here is familiar with. This black whole of debt are derivatives. A derivative isn’t something just any one can trade. You need special licences and to turn it into a black whole you need an Investor securities and derivatives agreement (ISDA), that you can only get from a bank that demand you manage one and a half billion typically. Germany’s Deutsche bank is the largest holder of derivatives worth over $250 trillion (not a typo that’s 250 trillion of the worlds debt) but what makes it an un described force is the ISDA.

ISDA allows banks to keep trillions of dodgy loans off there accounting books. By giving fund managers ISDA’s allows banks to send licence holders there debts and there clients so they can continue loading them, there clients and the rest of the world with debt, and with each sale the insiders collect a fee, a small fee of cents, but in the case of Deutsche if you do it a couple trillion times a couple cents add up. So yeah. We are being nickel and dime’d to death.

This isn’t just make believe money the banks are gambling with. It is

– pension money
– life savings
-company profits
-people’s wages

Totalling well over one and a half quadrillion or a fifteen thousand trillion dollars. The quadrillion derivatives trade is the black whole of death that blights the world, and costs us all our future. We have borrowed over one hundred years of future GDP growth and you guys didn’t even know.

So what now for future growth in

– renewables
-good health outcomes
– poverty prevention
– dignity in retirement
-a future worth living

When we have already spent the money. With out our knowledge. The solutions are many and varied which include but is not limited to

-A Tax on the derivatives trade
-Universal Basic Income
-Permaculture
-Alternative currencies
-political revolution
-criminal proceedings or all of the above
-all of the above

My generation and generations before me have totally failed to accurately manage the affairs of our future. So it falls on the youth to go out and do what no other shmuck has done before, and look. That means not relying on the system to manage your affairs, especially in retirement. Instead of handing over your hard earned money every week to some shyster retirement fund manager you should be thinking about managing your own funds, and valuing your own time and money instead of valuing some other shyster by handing over your time and money.

Ultimately the private sector has no solutions to the problems of the western world. Until a generation of children emerge that is less retarded than the last, we will continue to be blighted, and our future remains uncertain.

Encourage the youth to be inclusive, to not mock ideas, and generate good ideas so they are spoiled for choice.

I agree that raising the age is not a panacea and has a raft of serious disadvantages. But where can we discuss alternatives? To some extent our policy on the age will be affected, or even determined ,by what is happening in other countries. This is especially so given the reluctance to look at the low residency requirements for NZSuper. As the age in Australia goes up to 67 and eventually to 70 how many ex pats will resettle in NZ? what a fiscal time bomb with NZ Super fully universal while the Age pension over there is income and asset-tested