Posted on 09/13/2016 8:00:22 PM PDT by Lorianne
(Excerpt) Read more at davidstockmanscontracorner.com ...
*Morning Coffee And Xanax Bump*
(Just kidding on the Xanax...but at the rate we’re going, I’m NOT ruling it out!)
LMAO. Pass the bottle.
The only way to fix this "demographic problem" is to let nature run its course.
they are peeling off all the discretionary income from the retire folks by artificially keeping interest rates so low.
creates the illusion of an active econony at the expense of the savers & investors.
if you like this, just wait till they get cap & trade in there.
iow. joe six pack is most vulnerable class with no one to represent their interest, assets, or values.
till trump
“No surprise here. The idea that everyone in a country can retire and live 25+ years without doing any productive work is delusional.”
You should learn some math. Einstein said compound interest was the greatest invention in human history. The proper amount from each paycheck, invested well over 25 years, is fine to ensure the continuation of that level of life. Of course when the government owes 20 Trillion the Fed keeps rates near zero and that no longer works. But in a normal economy, a smart person can indeed work 25 years and continue life as normal.
Then they can do many other things in life.
As a retiree, I can tell you that the last few years have made it more difficult to manage. We have two pensions, two Soc Sec incomes + income from a IRA and rental income from property and it’s become increasingly more difficult to pay property taxes, income taxes, health insurance, prescription bills, co-pays, and other general expenses. I can’t even imagine what it’s like to live on one pension and Soc Sec benefits. The average retiree has got to be struggling.
bmp later
Agreed. There is no where for a retiree to put your money that will grow and is safe. Not too long ago a cd was paying 4-5 percent. Now it’s .01 if your lucky. 10,000 dollars in a savings account yields 23 cents a month interest. Money markets were a good choice as well as bonds etc. Now it’s a crap shoot. Stocks are the only thing that gives you a half chance of making any money but what a wild ride that is. Look at this week for example. I’d like to see Trump talk about this for us boomers. He’d win Florida and other retirement states in a landslide .
Just look at your post and see the paradox that has no basis in sound finance:
Of course when the government owes 20 Trillion the Fed keeps rates near zero and that no longer works.
Interest rates should rise when debt spirals out of control. But it doesn't, because we live in a government-controlled economy where sound fiscal policy doesn't matter anymore. And keep in mind that even your "normal economy" was a house of cards, too.
I don’t see an upside to any of this. We’re all going to be hanging on by our fingernails when TSHTF.
Even those of us that have been meticulous in our planning.
Thanks for NOTHING, Mother Government!
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