Bonum Certa Men Certa

Pensions Tied to Ponzi Schemes Are Themselves Ponzi Schemes

posted by Roy Schestowitz on Jun 29, 2026

Germany news: Pension overhaul may push retirement age to 70

AI bubble: five things you need to know to shield your finances from a crash

Are my pensions or investments at risk from an AI bubble? No, they force you to participate; they use your money, without consent, to inflate the bubble

Later they wonder why people who never even use or touch slop are angry and feel at risk (outside their control...)

There's the famous old joke about copyright terms being extended to satisfy Disney and others. Each x years they'll extend the term by another bunch of x or y years - such that nothing substantial ever enters the public domain, even half a century after the original creators were dead and forgotten.

Pensions are becoming more like that as well.

"Germany is weighing sweeping pension changes," says the national broadcaster, "including raising the retirement age to 70."

When France had a "reform" under "King" Macron people marched in the streets, to no avail. When the GOP in the US spoke about pension at 70 the media initially ridiculed this idea as insane. It was the same year my colleagues and I discovered that our employer had silently robbed us - it provided a fake pension that never existed. Apparently this is not so uncommon. The incentive to adopt a pension is decreasing as people are no longer sure about them and it is common knowledge that a lot of pension funds throw their money at a Ponzi scheme they call "AI", so why aren't those pensions also akin to "schemes"? An old friend of mine - a pensioner himself - warned me all about about it, even 15 years ago when I asked him about it. I should have taken his advice. "Every minute there's more people born who will grow up and fall for scams that aren't even new," Ryan said in IRC the other day. "They don't have to be new if these people haven't seen them before. Like pensions, car loans, mortgages, and other things."

"Pensions are a scheme to steal from people. They say here's a big fund you can't touch, 40 years from now you can touch it. Then Social Security crisis happens, pensions don't pay out. 401(k) wasn't funded enough because people thought there would be Social Security checks and/or a pension. The State of Illinois passes a law that automatically enrolls people in a "state managed 401(k)" if their employer doesn't offer one, calls it "Secure Choice". The state that funded some of its own pensions 10-15% says your retirement money is "Secure" with them. And you have a "Choice" even though they opted you in. As they frantically raise taxes to prevent the feds from taking over the state pension and sending the state the bill. There's a federal law that says that if state pensions can't pay out at least what those workers would have gotten in Social Security had they worked for private employers, then Social Security takes over, sends them what they would have gotten in Social Security, and bills the state."

Months ago the highest US official in the area of finance basically admitted that the US had become insolvent. There is a growing consensus that Social Security will collapse or is already collapsing. Imagine how much worse it'll get when the slop bubble bursts. █

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