Anonymously contributed:
So oh wise one who holds all the answers to LLNS, LANS, our 401k, and UC 403b's what happens to our money with this event takes place which shouldn't be all that long from now and surely will be before most of you turn 59.5 years old and are able to take withdrawns without penalty
If you have 5 minutes, this is well worth the watch.
http://market-ticker.org/akcs-www?post=183985
16 comments:
When inflation takes off (and it will), the value of your pension will not keep up because your TCP1 pension COLAs have only limited upside ability to track high inflation rates.
Be prepared for a lower living standard in retirement. Inflation is the stealth method that will be used to get rid of this nation's enormous fiscal train wreck and the growing unfunded pension crisis.
+++++
Inflation Actually Near 10% Using Older Measure (CNBC, 4-13-11_
market-ticker.org/akcs-www?post=183985
So if we have another 1929 and the banks close the doors will TCP_1 and TCP-2 still be paying. Will you have access to your 401k and 403b and get monthly payments. Would it be better to take all the 401k and 403b money and buy an annuity before the BS hits the fan. At this point in my life I don’t trust anyone and the coffee can is looking better and better each day.
...and buy an annuity before the BS hits the fan.
And why do you think the financial institution from which you purchase the annuity will be solvent when all else is for naught? They turn around and invest the money in the usual ways.
If you don't trust anyone, you are toast. Buy guns and stock gold in your mattress. You will lose and the guy with the bigger gun will get your gold. Your best bet is to support a government that wants to actually fix things in a way that the majority of people can support. What a radical idea! Get off the wing-nut train and get back to calm, rational thought and action.
9:12 I assume that you have figured out how you will purchase food? Oh yeah - your engineering and/or scientific talents will carry you through to a brighter day! Give me a break . . . you trust a government who has paid off wall street crooks will our hard-earned tax dollars!
"your engineering and/or scientific talents will carry you through to a brighter day! Give me a break"
I am with you brother, education is a waste of time, knowing how to use a computer will be worthless. All you eggheads will be toast. It will be those with common sense, guts, and the ability to live off the land that will make it. All these years I have hated all your "educated types" who think your so smart, taking my hard earned tax dollar to play in your sand-box, use fancy words. 10:03 PM and I will make it.
There is a word for people who look forward to societal collapse. Nihilist. All aboard the wing-nut train! Time for a little involuntary psychiatric evaluation.
9:12 I assume that you have figured out how you will purchase food?
April 13, 2011 10:03 PM
Yep, the same way you will. With US dollars in the local supermarket. It will obviously take you some time to come out of your secure little hole in the ground with your AK47 and figure out that while your hair was on fire and you took cover to survive the apocalypse, nothing actually happened, except that you were shown to be a juvenile fool. Better go sharpen your knives now. Never know who's going to need killing tomorrow. Stay ready. HaHaHaHa.
"Yep, the same way you will. With US dollars in the local supermarket. "
Oh Ya, like 300 US dollars for a loaf of bread in the local supermarket! Lets see how long you can last with that. You guys are suppose to know math. 10:03 PM and I can hunt and fish, can you? See how much your knowledge of algebra, embedded derivatives, and index-amortizing swaps, will help you when US dollar is dead. Instead of schooling you should have been learning how to bait a hook, change a carburetor, and how to depend on yourself.
"Stay ready. HaHaHaHa."
Ride bene chi ride l'ultimo.
10:03 PM and I can hunt and fish, can you? See how much your knowledge of algebra, embedded derivatives, and index-amortizing swaps, will help you when US dollar is dead. Instead of schooling you should have been learning how to bait a hook, change a carburetor, and how to depend on yourself.
"Stay ready. HaHaHaHa."
Ride bene chi ride l'ultimo.
April 14, 2011 9:55 PM
This is fascinating. Completely irrelevant to the blog, but fascinating. Nihilistic survivalists got computers! Who'da thunk it?
So much to talk about with these posts.
There is quite a bit of difference between a monetary system collapsing, and an entire country collapsing. Russia went down financially, as well as Argentina. They both recovered. The only ones at serious risk of losing their country are the Japanese, and they are mostly in denial.
And a word to the survivalists, The smart people will find a way to the food, one way or another, should we have a crisis.
And as far as the "education is a waste of time" person. I'm sure that was a joke, but it is a good point to bring up. Education is the one thing they can't tax/inflate once you own it. It is the best investment for the times we are in. Worst case, Invest in your children, and let them help you through retirement.
To the "1929 and the banks close the doors" person, it won't happen. We have central banking now, with fractional reserve lending. They can print as much as they want, so there is no reason to close the doors.
And a word to the survivalists,...
And as far as the "education is a waste of time" person...
To the "1929 and the banks close the doors" person,...
April 15, 2011 7:35 PM
You do realize it is all the same person? Very virulent and very persistent. Maybe even dangerous. And unfortunately not very bright.
Regardless, the best bet for everyone is to take all of your money out of the stockmarket, all out of your saving and retirment accounts and put it in your safe. Crap is going to hit the fan in the near future and there's nothing any of these elected officials can do to save it. Game over, period..
market-ticker.org/akcs-www?post=183985
The sour-puss financial pessimists who give out "advice" have never done anything for me but lose me money anytime I've listened to them.
No thanks. I tend to prosper and get rich by investing in well run companies while the scared run for the hills with their "investments" in cans of beans and boxes of bullets.
No thanks. I tend to prosper and get rich by investing in well run companies while the scared run for the hills with their "investments" in cans of beans and boxes of bullets.
April 16, 2011 8:29 PM
You are right. All the "hunters and fishers" out there with their cash in their mattresses are not equipped mentally to do anything but run scared. The rest of us will make out really well while they hunker down in their caves with their AK47s. Really sad that our society has produced such complete losers.
April 16, 2011 6:18 AM,
In a time of high inflation you want to take out all your money in cash? Your advise is not even worth a rebuttal.
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