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The Pension Problem

When you are in debt, how can you save money?

You cannot, there is no way.

So how can you get free of debt and then provide for the future?

It is quite simple really and therefore very easy. But it does not look that way, for the simple reason, that you cannot see the real reason you got into debt.

You may not even know whether you are in debt. But you do know that some people have lost all their savings. Money they paid into a pension fund, no longer exists.

Whatever your personal circumstances, as regards to money, you also know that you belong to a group of people, who have a group debt of £1000,000,000,000.

Those are personal debts. But over and beyond that debt, you belong to a nation which has a debt, so huge, that you pay in tax, billions of pounds to pay the interest on what the Government owes.

But that is not all, the whole human race is in so much debt that the figure would be astronomical. America, the richest country, the world has ever known, has the biggest debts of all.

You live on a planet drowning in debt, but apparently breathing freely.

It is not until you look at this absurdity straight on, that you see why pensions are a problem. Then you will not be fooled, when you are told that the problem is due to the fact, that you have lost the habit of saving money for the future.

You can rightly say, what future is there? We are about to become part of a Totalitarian Federal German State of Europe, with one currency, the euro, created and issued by a German bank. Financially we do not have a future, that is worth having. We are about to be corralled into debt slavery from which there will be no escape.

All this is true, which nobody can deny, but it is never stated by anyone.

None of the pundits, who tell you about the debt problem, seem to live on the same planet as the rest of us.

So what is the simple solution to this problem, to which I refer, but do not tell you.

Well the solution is unbelievable and it is not in fact a solution at all, but something rather different.

When you have a problem and find a solution, you then have the problem plus its solution, which merely makes matters worse.

You know that you expect me to tell you, that what we need is a new Act of Parliament that will put things right.

That is what we have come to expect, when faced with any problem of any description.

We forget that Parliament is actually a problem factory. We need a new approach. Which act of Parliament has created the pension problem. I mean the source of the problem, not all the subsequent Acts of Parliament which have made the problem worse and worse.

I have to take you back to 1694 and ask you to look at the Tonnage Act, which is still on the Statute Book.

Things were different back in those days. King William was having a war with France.

He ran out of money, before he could win his war and could not pay his soldiers.

Bankers came to King William and said to him "we will lend you all the money you need, on condition, that you allow us to make it". They did not specified what they meant by ‘it’.

The King, being a bit desperate, said to the bankers, "do what you like, but give me the money".

In no time at all, we had the Tonnage Act and the Bank of England. We still have both. And we still have ‘it’, which is credit. We have a huge and colossal credit industry. Not a bit of good trying to control the credit industry with new Laws. Wrong action to take.

The right action is to use the pension problem, as a wake up call, to take the Tonnage Act off the Statute Book and restore to Government, the sole right to create and issue our currency and to tell the Government how to do so. After 300 years of not knowing, we shall have to tell the Government exactly how to create and issue the Pound Sterling.

Don't think about it, but the Bank of England will be no more.