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To: expat_panama
I'm pretty much in the "guaranteed income" place now. Wife and I worked hard and saved/put away finds and now get retirement check/social security checks and have decent IRAs with a guaranteed rate of return with 100% protection of principle.

The difference is we worked for it vs. having it handed to us - makes the ability to buy a car w/o a loan and eat at the occasional 'fine restaurant" sweeter somehow when we could have sat on our asses and then complained about how cheap the government (tax payers) is when it comes to satisfying our wants beyond our needs......

2 posted on 05/10/2016 4:29:24 AM PDT by trebb (Where in the the hell has my country gone?)
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To: trebb
we worked for it vs. having it handed to us

The shocker too many avoid is the fact that it can never be "handed to us".  All living beings must go out and get their own food and breath their own air.  The fact that this is not a widely accepted notion these days does not make it any less true.

6 posted on 05/10/2016 4:41:10 AM PDT by expat_panama
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To: trebb

I hate the idea that hardworking people like you might see their life’s work go down the drain. So I feel forced to make a Cassandra-like warning.

Brother, the petrodollar is likely to end soon.

When/if it happens, this means a lot of foreign-held dollars are going to come home.

The Fed cannot, cannot use its printing magic to buy these dollars, because they would just be swapping dollars for dollars.

All of this is just a roundabout way of saying: please make sure you’re ready for a large dollar devaluation. Protection of principal is not the same as protection of purchasing power.

Hope this proves helpful.


11 posted on 05/10/2016 4:54:28 AM PDT by agere_contra (Hamas has dug miles of tunnels - but no bomb-shelters.)
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