Oddbean new post about login | logout Once you hit the end of the road and visualize the state of the American economy through a multi-generational lens you'll come to the conclusion that the American pensions are absolutely fucked. Unless they begin allocating to bitcoin. https://www.tftc.io/pensions-buying-bitcoin/
social security is an unconstitutional criminal theft on non-readers in the first place.
Everyone needs to begin allocating to Bitcoin. It’s going to be a race for the exit once people work it out
wheres the celebratory one called "Pensions doomed BECAUSE of Bitcoin (a giant HURRAH! can be heard from the as yet to be born and their formerly fleeced future)"
Yes, unfounded liabilities are only going to compound. It's going to be interesting watching the boomers try and sell into a market where they have no buyers... It's a cascading effect with ramifications we'll only be able to understand in hindsight.
Not only the American pensions.
Yep. I'm in another developed country, and I don't expect to receive any of my pension.
Truth speaker for sure #BTC #Zap⚡#Nostr #FreeJulianAssange
I've long since mentally discounted my pension contributions to zero, and trying to correct that mistake everyday
I told people in my industry, two years ago, that the solution to Chicago’s pension problem (Can’t believe IL has $205MM and no state other than CA has over even $100MM) was to issue 10 year bonds to buy Bitcoin. People thought I was insane, and now they are coming back understanding what I was talking about. Gonna be a fun ride when the bond issuances begin.
Would be real nice if the old folks would get real ornery and start speaking out more