The unfunded liabilities started in the public sector.But...

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    The unfunded liabilities started in the public sector.

    But cashing out at the bottom
    is a bad deal for the superfund too.

    Both wife and I have allocated pension.
    We live and have holiday money.

    Your point that if a lot of people convert to cash at the bottom
    The super fund can be depleted.
    Is obviously correct.

    There are finite amounts of both
    cash and value.

    No one has seen a crisis like this.
    I enjoyed your thought
    with its implications.
 
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