X marks the spot


17 May, 2016


The world's pensions in 1970, were valued at around 30% of the world's GDP. There were quite a few productive workers per retiree.

Massive governments spend vast quantities of currency units on roads, bridges, schools, police, armies and a vast array of pet projects. When a massive government runs low on currency units, pieces of paper are exchanged between central banks and massive governments. The government's checking account gets credited with currency units and the central bank gets a bond, which it then hopes to sell to our pension providers.

Basically, the currency units we exchange our labour for are taxed / taken from us by the government and any currency units we put into our pension have already been spent by our government.

Do you detect a pattern? Your wealth is taken from you visibly and invisibly. The value of your pension fund is zero. Every currency unit in your pension has already been spent by your government. Yet, the vast majority of us is unaware of this particular confidence trick.

Today, our valueless pension fund is around 300% of GDP. Which sounds like a lot. However, should we all decide not to pay into a pension, this number drops to zero within a week. Current workers, are simply taxed or encouraged to divert currency units into their pension to pay for current retirees. Everything each retiree saved for their retirement has already been spent, a government bond is effectively a receipt for spent currency units.

Give this post some critical thought and independent research. Shall I do it for you?

The currency units only have value because the masses will exchange their labour for them. Banks create them as required with close to zero effort. Yet the masses go to the banks to ask for loans. If the bank says yes they then tell us how much we must pay back.

My bank offered me £7,500 at 5%, just for fun I took up their offer. They were happy to type 7500 and add it to my bank credits for just 20% apr.

The banks charge for temporarily adding a small sum to my account for three years was 1000 currency units that I must exchange my talents and labour for.

I didn't do that. I got interest free finance and paid 1000 currency units under list price. Next time, I won't do that either. Borrowing just extends this silly financial game.

In England, the banks like to mortgage against brick built houses that will last for a great many mortgage cycles. So, American quality houses in the UK don't get mortgage funding. This is the interesting bit. There is a vast gulf in price difference. 60,000 for  U.S. style home to 240,000 for a properly built home. I only need a house to last 30 or 40 years. I don't want a 25 year interest bearing loan. Guess what the banks want me to do? The flaw in this brief story? Most of the value on a home is currently in the land price. However, do I need to explain everything in absolute detail or can I just give some guidance please and you think critically rather than just evaluate the bizarre nonsense I write in these blogs? I don't care what you feel, I want to know what you think and why mankind doesn't.


  1. This is really good stuff Mr W. I will post more at a later time; i think about this for a substantial part of my life, nowdays. Would be great to interchange ideas and run some questions by you. Thanks!

    1. You are welcome, questions are appreciated as are new ideas and differing points of view.

  2. Good day everybody my name is Nelson Mac am from Canada but few years back i was financially strained i rushed to my bank to apply for a loan to start up my business but i was denied by my bank because of my credit score and they could not help and due to my desperation i was scammed by several online lenders who promised to help me but at the end i was scam i lost my money and my hope because i was so frustrated, One day when i was going through the internet again i found one lender call Mr Larry Scott i thought to give it a try one more time to my biggest surprise he was able to lend me a secure loan totally the amount of $200,0000 for the first time in my life i realize that there are few lender who don't scam people his name is Mr Larry Scott i will advice any body that are in need of loan to contact him with his Email (scottlarry816@gmail.com) he can be able to help you because he was a God sent to me this year and i will never forget him for the help he render to me.

    God bless him

    Nelson Mac