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The American Empire in a Changing World



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Monday, September 3, 2012

''The Global Demise of Pension Plans''

From The Automatic Earth

''We have been saying for a long time that anyone in the western world who's 10-15 years away from collecting their first pension payments, shouldn't expect to get much, if anything, when the time comes. This is because, obviously, the economy has deteriorated as much as it has. It's also because, in essence, pensions plans are the ultimate Ponzi schemes.''

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