Be afraid, be very afraid

The reality is that we can only meet the needs of those already in retirement and those who will retire if we invest for the future, now. And we can only meet those needs if that investment is wisely managed for the beenfit of all. And I mean all. That means the state has a duty to direct that investment.

Yup. What Ritchie means is that your pension is going to be invested by Ed Balls.

Or maybe Ritchie, Prem Sikka, Mark Serwotka, Bob Crow…….

16 thoughts on “Be afraid, be very afraid”

  1. A wise state, for example, which sticks loads of cash in Icelandic banks even though warned that they were fucked.

  2. Yes, let’s have a national scheme of old age insurance to pay a pension. Everyone shall pay and the scheme shall be run for the benefit of all. It shall use these contributions for investment in the national interest and shall spend them wisely.

    I propose this scheme be called National Insurance. My name is Lloyd George, and I endorse this proposal.

  3. invest for the future, eh?
    Personally I prefer to invest for the past. That way I can get my money out earlier.

  4. “And we can only meet those needs if that investment is wisely managed for the beenfit of all. And I mean all. That means the state has a duty to direct that investment.”

    That’s the best joke I’ve read all week! (And Ritchie owes me a new keyboard…)

  5. Glad I live overseas. That way I can keep away from daft suggestions.

    Can somebody show me a state which is good at investing to increase capital?

  6. After 30 years of saving, Ritchie et all at the State will steal your money by an act of Parliament and spend it on something else.

    It isn’t just that they will be fantastically incompetent at investing; they will also be in posession of your money and will be able to confiscate it far more easily.

  7. Finance for the Future LLP, The Old Orchard, Bexwell Road, Downham Market, Norfolk, PE38 9LJ, United Kingdom

    +44 (0) 1366 383500

    +44 (0) 777 552 1797 (it works if you want to call Mr. Murphy personally!

    rm[at]financeforthefuture.com

  8. Fer sure Murph will de-moderate me because I so despise his dishonest stupidity and cannot control my laguage.

    Oh well.

    ‘ “And we can only meet those needs if that investment is wisely managed for the beenfit of all.”

    I’ll forgive a supposedly professional man who posts “beenfit”.

    But I will not forgive the idea that a government has ever ‘wisely managed’ anything. How about you Murphy, me old trout? Can we see your investment portfolio over the years to see how well you have ‘wisely managed’ your own money?

    Until you post it, line by line, year by year, STFU.

    I forgot to mention that I look forward to failing ‘moderation’ for my intemperate language and for pointing out your stupidity.’

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