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PENSIONS IMPOSSIBLE

The safety of old age is threatened by an absence of a reliable yardstick for the value of money.

Here is a list which shows there is none. Try investing in cash, shares, gold, property, pension rights, old masters; you need highly specialised insider knowledge to be safe.

The best we can do is measure the value of the pound against the US dollar. That is using a piece of elastic as a tape measure.

The hard, brutal truth lies in the fact that money is now something which is borrowed into existence.

Our currency is credit which is created and issued by private financial institutions.

The lender gives us nothing other than the belief that we owe him money.

When you can see that this is the truth, you can see that it is very difficult if not impossible, to salt that sort of money away for your old age.

Getting the pension scam into focus will help us to see the correct solution to many other problems with money.

Providing adequate funding for old age presents the exact same problem as providing funding for making flying safe, travelling by rail safe and keeping us safe from muggers.

A whole host of problems can be traced back to a faulty money system, to such an extent that we find in common parlance that money is the root of all evil.

Money itself is a means of exchange and as such it is absolutely essential to our survival in the civilisation we find ourselves in.

Without money we can die of starvation, disease and neglect.

To survive without money we would need to opt out of the rat race and emulate Robinson Crusoe.

But not if you live in a high rise in Brixton.

We need a better and more rational definition of money than to say it is the root of all evil.

Money is a means of exchange. Therefore in order to function as such it must stand proxy for what is being exchanged. And that means the value of money is the same as the value of what is being exchanged.

Now we can see sense because the value of anothing which is exchanged in the market place is the cost of bringing it to the market place.

The provision of goods and services depends upon the production and distribution of any item, being financially viable.

For this form of economics to function and for money to serve its true purpose money must be money and nothing else.

We have gotten ourselves in a mess and put our retirement in jeopardy, by using credit (or debt as it is properly called) as our means of exchange.

Credit does not serve as a means of exchange. For the very simple reason that there can be no reliable yardstick for the value of a belief that something exists because the law demands redemption of credit with money.

It is impossible to have confidence in that sort of currency.

That is why we are all fearful for our old age.