Well. I think it was inevitable that the government Ponzi scheme collapsed. Like all such schemes, they only work when there’s more people paying-in at the bottom than are extracting value at the top. Our demographics are showing that wasn’t being sustained for quite a while now.

Government pensions are sold to us as a savings fund, but they just aren’t. Pension funds in general are horribly misused. Nobody in our society can bear that money placed with them to be there for some future dates should be unused.