Merryn Somerset Webb, Editor-In-Chief, MoneyWeek, ponders on the rising sense of nationalism and populism across Europe to counterbalance the cultural, social and economic unifications occurring throughout the world and the incapacity to resolve many structural problems. Raoul and Merryn discuss the systemic insolvency of pension funds in a ZIRP/NIRP landscape, the management of them and the demanded management fees as Robo-advisors come into the market. They expand on NIRP, the ban-on-cash and a debt write-off jubilee. Accounting for these factors they consider the potential of holding gold as a security policy.