Quote from achilles28:
According to the... Retirement Confidence Survey, the percentage of American workers who have less than $10,000 saved for retirement has grown to 43%.
Good.
Six billion is too many.
Darwin agrees. Those who chose to remain unfit are about to be weeded out.
Even now, before it happens, it is easy to predict which...players...will choose to blame others for their own mistakes, and even precisely what their excuses and ploys will be.
Real easy to step out of the way when you see the scams coming from miles away.
The internet killed the game, fellows. Too many people see way too much for it to work anymore.
"Entitlement anxiety" and its direct connection to the global economic crisis have already made the mainstream media. The global awareness is too big to be contained anymore.
Just as television broke the Soviet communism scam's back, when the previously foolish workers actually SAW how well incentive based economies lived in comparison to communist "utopias", the internet has broken the entitlement game for good.
Sooner or later, truth will out, it always does, and it's too late to put this genie back in the bottle.
The reason the volumes is so thin on the markets these days is because a critical mass (growing exponentially) of investors either know, or suspect at the gut level what is coming, and are not only staying on the sidelines, but day by day are positioning themselves to PROFIT from what lies ahead.
There isn't enough money to pay off the deadbeats anymore, further, there is an approaching disinclination to subsidize anyone for anything, whether it is fiscally possible or not. The entitlees will rampage and burn when their checks stop clearing, and when they are done killing each other off, the sane will re-emerge and pick up the pieces.
