When the boomers lose their pensions. That's when it will get violent.

  • Thread starter Thread starter morganist
  • Start date Start date
Quote from Swan Noir:

Governments inflate their way out. Period.
More...

Works only "up to a point" (actually, doesn't do that. only "appears" to work for a while).. not a panacea.
 
Quote from Scataphagos:

I was just kidding... I'm one of them.

Beyond losing their expected pensions, what happens when the government starts confiscating part/all of our IRAs and 401Ks?
More...
heck, dollar devaluation - if US loses world reserve currency status - can kill off pensions, 401K, IRA wealth all by itself.
 
Next week the internet will be censored through SOPA and PIPA in Congress.

Obama just got the right to detain Americans indefinitely without trial. Lincoln couldn't get it. Obama - yeah, that's the right guy to have it.


Whoever wants to take away your rights and your property should go for everything right now. There are no consequences.
 
They rarely lose the bet. The citizenry loses and those in the ruling class, with few exceptions, leave great wealth and position to the next generation.

Quote from StarDust9182:

Absolutely true. And history shows that they ALWAYS lose this bet. Period.
More...
 
Quote from morganist:

State pensions are paid by the current work force who are diminishing in number. Private pensions are about to collapse because money that was lent will not be paid back.
More...

Morgan, In New York state, state pensions are funded by an act of legislation againt all taxpayers. Hence, althought the workers may or may not contribute, the pension are due based on txing authorty. The well won't run dry unless the law is changed.

Private pensions which go bust are funded by the PBGA . this organisation is another BAB (broke ass bitch). Why? Because they are required to be invested in the stock market and just like it's counter part (private Pension) they rise and fall together on unrealistic assumptions of return.
 
You must log in or register to reply here.
Back
Top