PENSIONS

We have trouble with pensions because of the time factor.  The existing monetary system incorporates a policy of allowing the value of money to continually diminish with time.  Therefore money available today, put into a pension fund, must be coupled with a system of increasing that fund’s value over time to compensate for allowing money to devalue over time.  When we look at the problem of pensions in this light, we need to ask, “why does this happen”. 

What is wrong with the existing monetary system that money inevitably gets less valuable with time? For example, the price of a local house in 1970 was £45000.  It is now, in 2007, £1.25 million. The basic flaw is an inability to see clearly enough, the purpose of money and to keep that purpose straight.  The purpose of money is to act as a completely reliable means of exchange.  Any other usage of money is an abuse of money.  It is the abuse of money which makes the provision of pensions such a problem.  Monetary reform will put a stop to the abuse of money.