If government pension fund solvency is questioned (bonds defaulted or devalued in real terms), police and civil servants lose confidence in their compensation; historically, this leads to civil order breakdown—police either extract private payments (corruption) or stop enforcing laws, and property rights evaporate.
causalpending
Speaker
Luke GromenEvidence Quote
“a City of London cop's pension fund full of government bonds either goes away in real terms or you know is marked down on real terms or or is defaulted on how many cops show up for work... They gonna risk getting stabbed, not go home to their kids for a pension that no longer exists... You got a badge. That car over there, hey, you got a broken tail light. No, I don't. Well, you better pay me 100 bucks or you're going to have a broken tail light.”
Created: 8/12/2026, 10:18:48 PM
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