World Economy to collapse

Economy to struggle as baby boomers retire - Nation/Politics - The Washington Times, America’s Newspaper: “‘It is not normal for a society to age,’ he said. He expects the change to be ‘dramatic’ and even ’sudden’ in the next four years as a sharp increase in retirements starts to impact the economy in Minnesota, where experience mirrors the nationwide trend.

The tide of aging workers and retirees is not just an American phenomenon. It is sweeping the globe and promises to be a challenge even in fast-growing economies like China in a few decades. The primary reasons the population is aging are that people have fewer children and live longer due to better health care.

The populations of Europe and Japan are getting older even more rapidly than the U.S., and those countries face more immediate problems in supporting massive retirements and maintaining economic growth. Japan’s growth and population peaked in 1990 and have been mostly stagnant since then.”

Societies through birth control, abortion and debt have created huge problems for themselves. They will soon see that the young will not fund the old in their retirement. The old have amassed huge national debts and entitlement debts that the young cannot and will not pay off. The future of the world is not Utopian for 2010 to 2035. Instead those living in it will be living in very perilous times.