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
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
Comments
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
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.
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.
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.
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.
"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?
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 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.
market-ticker.org/akcs-www?post=183985
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.
In a time of high inflation you want to take out all your money in cash? Your advise is not even worth a rebuttal.