To: OldFriend
You people ain't getting the message
ALL RETITREMENT INVESTMENT SCHEMES will be in big trouble not just SS
The money ain't in the banks in some vault
It is all FUNNY MONEY based on an expanding population whether a lot more are putting in than taking out including the Stock Market
Hint once retired people don't buy stock for a retirement investment they use what they have in stocks to eat and who is going to buy those stocks that must be sold so they can get their $$$ out
Same goes for CDS etc
Banks don't have that money in some vault
They have a minimal amount available the rest is loaned out
And where is it coming from when the retirees need their CDs for retirement living and more are taking out than are putting in to replenish the funds
How do you think they can pay interest and dividends etc etc and where do you think that $$$$ is
We ain't on no Gold Standard we are not even on a paper dollar bill standard
We are on a BYTE standard wher all you money is a computer entry someplace
35 posted on
02/26/2004 5:51:59 AM PST by
uncbob
To: uncbob
I think most of us know --- we saw what happened to our 401K plans recently--- we were putting into accounts that were showing less and less value. The answer is pretty simple --- plan to go on working --- it's better for you anyhow.
37 posted on
02/26/2004 5:56:58 AM PST by
FITZ
To: uncbob
i repeat,think real estate.
60 posted on
02/26/2004 7:20:33 AM PST by
keysguy
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