Zé Mortadela on Nostr: Norway: It has realised a long time ago, that to have a sustainable pension system ...
Norway:
It has realised a long time ago, that to have a sustainable pension system they need to invest generating ealth. That's why they have a sovereign fund, that buys shares/companies, and it is their wealth generation that funds their pension system.
To be clear, generating wealth is not generating cash. it is a principle of transformation, generating/transforming things that are essential for your life.
From a tree, to pulp, to a fiber that you wear every day, or paper, or packaging.
From water, sun, wind, to energy, to power your home, to bitcoin.
Form coper, to wire, to energy trasmission.
These are sustainable wealth generating cycles and they are essential to you.
And when you switch from fiat to bitcoin, those companies will be there and remaining a vital part of your life. you will just use bitcoin for their products / services. and the cycles will go on.
However in a better structured cycle, with an underlying solid financial system.
Who lives without paper, or energy, or sanitation?
That's why all communist states fail. They take the wealth but they cannot generate it.
It has realised a long time ago, that to have a sustainable pension system they need to invest generating ealth. That's why they have a sovereign fund, that buys shares/companies, and it is their wealth generation that funds their pension system.
To be clear, generating wealth is not generating cash. it is a principle of transformation, generating/transforming things that are essential for your life.
From a tree, to pulp, to a fiber that you wear every day, or paper, or packaging.
From water, sun, wind, to energy, to power your home, to bitcoin.
Form coper, to wire, to energy trasmission.
These are sustainable wealth generating cycles and they are essential to you.
And when you switch from fiat to bitcoin, those companies will be there and remaining a vital part of your life. you will just use bitcoin for their products / services. and the cycles will go on.
However in a better structured cycle, with an underlying solid financial system.
Who lives without paper, or energy, or sanitation?
That's why all communist states fail. They take the wealth but they cannot generate it.