Posted on 12/16/2023 6:35:50 PM PST by Libloather
Cut back on your drug or alcohol use and you will interface with reality much better.
I’m a victim.
You’re a victim.
He’s a victim.
She’s a victim.
If everyone is a victim, we can all argue about who is victimer and victimest?
Many of us have been screwed so badly, for so long, that we should just be grateful to have gotten to live this long.
Worked my whole life to save up only to have these criminals steal it from me.
> They will just (like FDR ) make it illegal to own gold above a certain weight.
I was not born back then but i have a hazy impression that many people did not turn in their gold (coins or whatever) regardless of FDR...
Not if it also limits taxes. I'd like to see an amendment that rolls back the debt until the Income Tax itself is repealed. The Income Tax Amendment made all of us into free range slaves and grew Fedzilla into the monster it has become. It basically turned the rest of the Constitution into toilet paper.
The Soviet Union ran out of other people's money. It had hyper-inflation. The Weirmar Republic ran out of other people's money. Hyper-inflation. Zimbabwe ran out of other people's money. Hyper Inflation. Venezuela ran out of other people's money. Hyper-inflation. Notice a pattern here? The experts can prattle all they want , history has a different conclusion.
You were “allowed” to keep jewelry and such ( his executive order ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates.) . Of course people still kept their gold, but they couldn’t use it- unless you knew somebody who could melt it down and turn it into jewelry.
> You were “allowed” to keep jewelry and such ( his executive order ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates.) . Of course people still kept their gold, but they couldn’t use it- unless you knew somebody who could melt it down and turn it into jewelry.
thanks.
there must be thousands of people out there, each holding hundreds of gold coins of various weights. that would total many tons of gold. i am just having difficulty imagining such gold bugs complying with an executive order from a president biden/harris/nuisance, trading in real hard gold for everyone-realizes-soon-to-be-devalued paper money. it would imaginably result in an underground barter market. (i could be wrong.)
That doesn't seem like a very wise move. If you "cash out" of your traditional retirement accounts, you have to pay income tax and likely a much higher percentage than you do now. If you buy gold you have to pay the going tax rate for collectables when you sell it. I'd look into gold IRAs and Roth conversions if you are in a low tax bracket.
That's exactly what would happen if the dollar collapses. You just have to look at the USSR after it collapsed. That is what people were doing.
> I’ve been paying into the System since I was 14 yo. I’m 60.<
The real kick to the groin is had just one dollar of that FICA money been left for you to invest, it would be worth $30,160 dollars at retirement.
ONE DOLLAR!
https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
I showed this to my son when he was 16 and said if he put just 10% of his first paycheck in an interest bearing fund, it would be worth $1 Million at retirement. Both boys are good savers now.
EC
Younger Baby Boomers and all of Gen X....like me. The Great Recession utterly obliterated all the retirement savings I had up to that point.
"Although the Great Recession impacted the savings of American workers across generations, it delivered a major hit to the retirement savings of the youngest Baby Boomers,
according to a study by the Center for Retirement Research (CRR) at Boston College."
"Boomers born in the early 1960s at the end of that generational wave had saved an average of about $280,000 for retirement when they reached their 50s.
That’s nearly $50,000 less than their older counterparts born in the late 1950s had saved by that age.
And experts point to the Great Recession as the main culprit."
"The single biggest reason for the shortfall in savings was the 10 percent spike in unemployment during the Great Recession
that followed the stock market crash," the CRR said. "..
(..The Article continues..)
I suggest you just head down to Mexico, get a dark tan, and walk across the border demanding “amnesty” Let the stupid gringo pay your retirement.
I like your suggestion. How long will meat keep if frozen?
“Stocking up only helps in the very short term.”
Good point.
I never stock up on more of any non-perishable item then I will need for the rest of my life.
As you say, short term...
Lol.
Future .gov is five steps ahead of you.
It is a national emergency.
North America is at war with Eurasia.
Every American must do his part and buy war bonds while turning in your gold.
If you fail to do so you are an enemy of the people and must wear a yellow star.
Children are taught in school to turn in any parents who are not patriots.
24/7 “Public Service Announcement” ads run giving numbers to call to turn in your unpatriotic neighbor.
The slogan “Our enemy is not just over there. They could be next door.”
etc etc etc
This is too easy.....
1 dollar invested for 56 years at 8% is 39 dollars.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.