Ontario's Teacher Pension Loses Inflation Protection
CIBC CEO Calls For Voluntary Contributions to CPP
In an unusual step, a bank CEO is admitting that private savings vehicles, such as RRSPs, aren't going to be enough to ensure adequate retirement savings for millions of Canadians.
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Thirty years ago $1.00 bought 4L of gasoline, now when you receive that same $1.00 back from your pension you can't even buy 1L of gasoline. Thirty years ago 4 silver quarters (or $1.00) bought 4L of gasoline, today 4 silver quarters buys 16L of gasoline! Makes you wonder what pensions are good for? BK
The essence of intrinsic value:
CIBC CEO Calls For Voluntary Contributions to CPP
In an unusual step, a bank CEO is admitting that private savings vehicles, such as RRSPs, aren't going to be enough to ensure adequate retirement savings for millions of Canadians.
********************************************
Thirty years ago $1.00 bought 4L of gasoline, now when you receive that same $1.00 back from your pension you can't even buy 1L of gasoline. Thirty years ago 4 silver quarters (or $1.00) bought 4L of gasoline, today 4 silver quarters buys 16L of gasoline! Makes you wonder what pensions are good for? BK
The essence of intrinsic value:
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| When you remove Washington you have a piece of paper worth nothing. |
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| When you remove Kennedy you have silver worth $10 today. |
