Rente: Was uns während der WM (mal wieder) heimlich untergejubelt wird

We've known since the 1980s that the current pension system is unsustainable. But every generation of politicians sweeps it under the rug. This is also true of the current pension reform, which only aims to force even more people into this dysfunctional system in order to mask the problems for a few more years. ------------------------ ►To the webinar on game-theoretical negotiation: https://www.rieck-verlag.de/verhandlu... ►Germany as the final stage of Karstadt on a grand scale: https://x.com/tobiasmeiser/status/206... -------------------------- STOP: Please do not send emails to my university address! This address is exclusively for official business. ►Want to become a channel member? I'd love that:    / @profrieck   -------------------------- ►MORE INFORMATION FROM TEAM RIECK: Many are now asking themselves: "Why are the politicians doing this if it obviously can't possibly work?" There are two very insidious game-theoretical mechanisms at work in the background, but nobody talks about them in the news. The first point is the so-called time inconsistency. Imagine you put a bar of chocolate on the living room table and tell yourself: "I'll save this for next week." What happens in the evening when you're sitting hungry in front of the TV? That's right, the chocolate is gone. That's exactly the problem with this new pension fund. When the government saves billions, it's exactly like that chocolate. Today's politicians promise, "We won't touch that; it's for pensions in 20 years!" But what do you think will happen when the next huge budget shortfall appears in five years? Of course, they'll dip into that very same pot. It's perfectly clear from a game-theoretical perspective: A promise for the future is worthless if the temptation in the here and now is simply too great. Without a truly independent fund, the money will simply disappear sooner or later. And now comes the second trick, and it's truly insidious. It's only briefly mentioned in the video. When this new money is invested, where do you think a large portion of it will go? Into German government bonds! In other words, the government takes your money, supposedly to invest it safely for you, but in reality, it's simply borrowing it back. When the government uses your contributions to buy its own bonds, interest rates fall for it. This allows it to borrow more cheaply. But for you, this is an absolute disaster, because it represents a concentrated risk. If the state ever runs into financial difficulties, not only will the regular pension money be lost, but also the supposedly secure investment-based pension. So you see: The system isn't being continued because it's a good solution for the country, but because politicians can use it to mask their own budget problems in the short term. Note: The links provided may be affiliate links, for which I receive a commission. Thank you if you use these links! Disclaimer: This is an educational channel, not a financial or medical channel. The content of my videos and podcasts is for general information purposes only and is not financial or medical advice, nor is it a personal recommendation. Please always consult multiple independent sources and seek professional advice before making decisions, especially regarding investments or medicine. The opinions expressed do not constitute a call to action. This is not a solicitation to buy or sell any kind of asset, especially securities or tangible assets. It is also not a recommendation for any form of self-treatment or self-diagnosis. Please take these warnings seriously. Disclaimer: #profrieck #pension