This is eye-opening. Spain and Italy have some of the lowest birth rates in Europe. At the same time, they have a staggering amount of unfunded pension obligations of about 500% of GDP.
Seriously, who is supposed to pay these pensions going forward?
Great video from @FedSoc about how Haym Salomon, a Jewish immigrant from Poland, played a crucial role in the American Revolution by raising an estimated $650,000 for the Continental Army and the new U.S. government.
That's $9.4+ billion in today’s money.
Energy analysts expect the Australian federal government to be forced to announce restrictions on fuel use for motorists and non-essential industries soon as PM Albanese prepares to address the nation and ask Australians to begin saving fuel for other people and businesses
#MacroEdge