Dr Jiulin Teng's logo
economyFrance

The Last Blunder: EU Superfund to Spend People's Pensions on Political Projects #44

Recently, there have been chatters on a EU Superfund that skim the pension funds of member states to fund two sets of EU-wide political projects: a. EU army, and b. Energy. In this podcast, I discuss the details and implications of this move.
Published by Dr Jiulin Teng on 31 Mar 2022 · Updated on 31 Mar 2022
Keywords: drjlt-economicseurope
Hero Image for The Last Blunder: EU Superfund to Spend People's Pensions on Political Projects #44
Recently, there have been chatters on a EU Superfund that skim the pension funds of member states to fund two sets of EU-wide political projects: a. EU army, and b. Energy. In this podcast, I discuss the details and implications of this move.
Politically, this is easier to push through than new taxes. It is essentially a slush fund without accountability.
Future outlooks: 1. This superfunds SPENDS, rather than invests. However, with negative interest rates and the statuary requirement to invest in government bonds, the pension funds have been in the red all along. 2. Europe can be militarized, which can cause some trouble in the region; however, I argue that the impacts will not be global. 3. Pensioners living on fixed income will be left with the shaft.
Global implications: A. US win: more arms sales + more wealth flowing in B. EU population loss C. Rest of the World must learn never to surrender their lives to a supranational, unaccountable organization, whether you believe in democracy or not.
You can find this podcast on YouTube, Rumble, and Odysee.

Recent Posts in economy

Cover for post The Economic & Social Carnage of Hybrid Wars #50
The Economic & Social Carnage of Hybrid Wars #50
07 Apr 2022 · In this podcast, I make two points on the economic and social carnage of hybrid wars.
Cover for post Eurozone Inflation, China's Housing Bubble, Russia Demands Ruble for Gas #49
Eurozone Inflation, China's Housing Bubble, Russia Demands Ruble for Gas #49
07 Apr 2022 · In this update, I cover three separate but somewhat related macroeconomic issues.
Cover for post Russia's Potential End Games in Ukraine #48
Russia's Potential End Games in Ukraine #48
31 Mar 2022 · As Russia starts the 2nd phase of its operations in UA, we have enough information to start analyzing what its end game may be. In this podcast, I list 5 facts and discuss 3 possible end games.
Cover for post Need & Prospects of the 6th French Republic #47
Need & Prospects of the 6th French Republic #47
31 Mar 2022 · The 5th French Republic is in trouble. In this podcast, I discuss its problems, red herrings, solutions, and prognosis.