The conclusion seemed to be he wants to increase pensions by about a factor of five for everyone, never asked if there is money for it. Not really clear, he may be comparing his salary or something like that. What he did not say is that the pensions are minimum salary and the social security “fund” does not exist.
The Devil's Excrement
Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.
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The Devil's Excrement 