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Old 05-26-2017, 08:11 PM
 
8,272 posts, read 3,452,461 times
Reputation: 1584

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Quote:
Originally Posted by Corerius View Post
It seems to me that the problem isn't money, otherwise you'd just print more or transfer it from one person to another, but how many people in a population need to work. Just how many folks can a worker support going forward?
New money creation will obviously have to be part of the solution.in 50 years I think you can bet that our national debt will be much higher than today.
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Old 05-27-2017, 01:16 AM
 
Location: USA
6,171 posts, read 4,948,777 times
Reputation: 10547
Workplaces used to provide pensions. Now many elderly people will be relying on public assistance to get by.
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Old 05-27-2017, 04:20 AM
 
Location: New England
1,553 posts, read 655,736 times
Reputation: 1383
Why do you think everyone was letting North Korea and Iran get nukes? Prior to Trump nuclear annihilation of half the planet was assured, and the global retirement shortfall would become moot. The elderly would die shortly after the first nukes hit.
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Old 05-27-2017, 04:51 AM
 
4,229 posts, read 1,904,197 times
Reputation: 3782
Quote:
Originally Posted by s1alker View Post
Workplaces used to provide pensions. Now many elderly people will be relying on public assistance to get by.
There's not really a good case to be made for employment-based pensions anymore than there is for employment-based healthcare coverage, but Big Business once embraced such benefits as important tools in recruiting and retaining a strong and competitive workforce. Then bean-counters began suggesting that a lot of cost and risk could be offloaded by dumping these programs onto individuals so long as there was at-will employment unencumbered by state regulation or by unions able to insist that employees be fired only for actual cause.

Quite unsurprisingly, what this shift will accomplish over time is only an expansion in pressures for government to move further into retirement programs, just as it has had to into healthcare programs. There is no other known effect that creating such a vacuum in these areas can have.
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Old 05-27-2017, 06:46 AM
 
33,046 posts, read 20,708,082 times
Reputation: 8928
Quote:
Originally Posted by Lowexpectations View Post
If you only spend 20% of your income there is no reason to target replacing 70% of your income. You need to revise your plan

The only way for burger flippers to spend 20% of their income is for government to allow them minimalist living options because it certainly is not possible when rent consumes half your income.
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Old 05-27-2017, 06:48 AM
 
9,080 posts, read 3,697,658 times
Reputation: 13377
if everyone moved to venezuela, that $400,000,000,000 becomes like $4,000
Quote:
The only way for burger flippers to spend 20% of their income is for government to allow them minimalist living options because it certainly is not possible when rent consumes half your income.
not a problem, the only way burger flippers make it to retirement is by relying on government already, they are already living in retirement if you count tax dollars spent on them. So they know what the next 50 years of life will be like, enjoy it
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Old 05-27-2017, 07:02 AM
 
Location: Prepperland
13,115 posts, read 9,199,435 times
Reputation: 8982
WHAT A LAUGH!
http://www.federalreserve.gov/faqs/currency_12773.htm
● How much U.S. currency is in circulation?

● There was approximately $1.5 trillion in circulation as of February 22, 2017, of which $1.47 trillion was in Federal Reserve notes.
U.S. Population (2017) : 326,474,013
>>> $4,502.65 per capita <<<

Federal Budget (2017): $3.65 Trillion
<<<$11,180.06 per capita >>>
!!! WUH WOH SCOOBY !!!

THE. MONEY. DOES. NOT. EXIST.

So what are these eCONmen want us to do?
"SAVE MORE" (as in put more money tokens to work with the usurers and don't "spend it").

But usury is mathematically unsustainable in a finite money token system due to the exponential equation used for compound interest - you need an infinite supply. And when you add in the fact that there is a money token DROUGHT, we're heading for an economic collapse.

Of course, learned Americans who watch the "Right" news casts can tell us who creates new money.
Government, right?
Wrong.
Congress can coin money (stamp bullion) or borrow money. Congress cannot create bullion, therefore cannot create money. Neither can Congress give that power to someone else - like a bank. If CONgress could create money, why would it need to BORROW it?
Government does not "print money."
''Dollar bills" (Federal Reserve NOTES) are IOUs (debt) denominated in dollars, but are minus value (see:Title 12 USC Sec. 411).
And as an obligated party on those notes, government must accept them in lieu of lawful money (gold & silver coin).

The national debt, in excess of 19 trillion DOLLARS of which those printed "dollar bills" are a part, can never be repaid. Why? The debt computes to an obligation to repay 950 billion ounces of gold, stamped into coin. Known world supply of gold is estimated at 5.9 billion ounces. (Fort Knox only has 147.4 million ounces)

Obviously, CONgress didn't borrow 19+trillion dollars (gold). They were extended credit at usury... by bankers. And where did THEY get that credit?
FROM THE MUGGLES - folks who pledged themselves and their property as collateral on the impossible to repay public debt. (Which cannot be challenged, pursuant to clause 4, 14th amendment, USCON)

What? You don't know that all your possessions and labor are pledged?
What are they teaching in those government subsidized schools?

LEGAL TENDER STATUS
http://www.treasury.gov/resource-cen...al-tender.aspx
". . .Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
- - - -
All YOUR property and labor are pledged to the creditor, so you must accept "your" notes in lieu of lawful money (as required by Art 1, Sec 8, sec 10, USCON).

Isn't that 'special'...
And you have no clue as to how YOU became a human resource pledged as collateral on the CONgress' bad checks kited since 1933? (Why there's even a federal department of human resources!)

You volunteered.
CONgress cannot just take private property without first paying just compensation. The money doesn't exist so they can't take it all and pay off everyone. That's a mathematical fact.

HINT: It involves socialism, an account, and a ten digit number.
You do keep that number "in" your head, and may soon have it "in" you hand (microchipped).
Welcome to the world of socialist slavery.
Shut up, sit down, pay and obey.

Money References:
http://www.city-data.com/forum/16501865-post11.html

http://www.city-data.com/forum/22752861-post10.html
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Old 05-27-2017, 07:38 AM
 
8,272 posts, read 3,452,461 times
Reputation: 1584
Quote:
Originally Posted by Pub-911 View Post
There's not really a good case to be made for employment-based pensions anymore than there is for employment-based healthcare coverage, but Big Business once embraced such benefits as important tools in recruiting and retaining a strong and competitive workforce. Then bean-counters began suggesting that a lot of cost and risk could be offloaded by dumping these programs onto individuals so long as there was at-will employment unencumbered by state regulation or by unions able to insist that employees be fired only for actual cause.

Quite unsurprisingly, what this shift will accomplish over time is only an expansion in pressures for government to move further into retirement programs, just as it has had to into healthcare programs. There is no other known effect that creating such a vacuum in these areas can have.
Distant future do you envision a universal basic income or some sort of central jobs creation program?
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Old 05-27-2017, 07:42 AM
 
8,272 posts, read 3,452,461 times
Reputation: 1584
Quote:
Originally Posted by MLSFan View Post
if everyone moved to venezuela, that $400,000,000,000 becomes like $4,000
not a problem, the only way burger flippers make it to retirement is by relying on government already, they are already living in retirement if you count tax dollars spent on them. So they know what the next 50 years of life will be like, enjoy it

deadspin-quote-carrot-aligned-w-bgr-2
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Old 05-27-2017, 07:45 AM
 
8,272 posts, read 3,452,461 times
Reputation: 1584
Quote:
Originally Posted by jetgraphics View Post
WHAT A LAUGH!
http://www.federalreserve.gov/faqs/currency_12773.htm
● How much U.S. currency is in circulation?

● There was approximately $1.5 trillion in circulation as of February 22, 2017, of which $1.47 trillion was in Federal Reserve notes.
U.S. Population (2017) : 326,474,013
>>> $4,502.65 per capita <<<

Federal Budget (2017): $3.65 Trillion
<<<$11,180.06 per capita >>>
!!! WUH WOH SCOOBY !!!

THE. MONEY. DOES. NOT. EXIST.

So what are these eCONmen want us to do?
"SAVE MORE" (as in put more money tokens to work with the usurers and don't "spend it").

But usury is mathematically unsustainable in a finite money token system due to the exponential equation used for compound interest - you need an infinite supply. And when you add in the fact that there is a money token DROUGHT, we're heading for an economic collapse.

Of course, learned Americans who watch the "Right" news casts can tell us who creates new money.
Government, right?
Wrong.
Congress can coin money (stamp bullion) or borrow money. Congress cannot create bullion, therefore cannot create money. Neither can Congress give that power to someone else - like a bank. If CONgress could create money, why would it need to BORROW it?
Government does not "print money."
''Dollar bills" (Federal Reserve NOTES) are IOUs (debt) denominated in dollars, but are minus value (see:Title 12 USC Sec. 411).
And as an obligated party on those notes, government must accept them in lieu of lawful money (gold & silver coin).

The national debt, in excess of 19 trillion DOLLARS of which those printed "dollar bills" are a part, can never be repaid. Why? The debt computes to an obligation to repay 950 billion ounces of gold, stamped into coin. Known world supply of gold is estimated at 5.9 billion ounces. (Fort Knox only has 147.4 million ounces)

Obviously, CONgress didn't borrow 19+trillion dollars (gold). They were extended credit at usury... by bankers. And where did THEY get that credit?
FROM THE MUGGLES - folks who pledged themselves and their property as collateral on the impossible to repay public debt. (Which cannot be challenged, pursuant to clause 4, 14th amendment, USCON)

What? You don't know that all your possessions and labor are pledged?
What are they teaching in those government subsidized schools?

LEGAL TENDER STATUS
http://www.treasury.gov/resource-cen...al-tender.aspx
". . .Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."
- - - -
All YOUR property and labor are pledged to the creditor, so you must accept "your" notes in lieu of lawful money (as required by Art 1, Sec 8, sec 10, USCON).

Isn't that 'special'...
And you have no clue as to how YOU became a human resource pledged as collateral on the CONgress' bad checks kited since 1933? (Why there's even a federal department of human resources!)

You volunteered.
CONgress cannot just take private property without first paying just compensation. The money doesn't exist so they can't take it all and pay off everyone. That's a mathematical fact.

HINT: It involves socialism, an account, and a ten digit number.
You do keep that number "in" your head, and may soon have it "in" you hand (microchipped).
Welcome to the world of socialist slavery.
Shut up, sit down, pay and obey.

Money References:
http://www.city-data.com/forum/16501865-post11.html

http://www.city-data.com/forum/22752861-post10.html
Can you 'cliff note' the above? It's not clear to me the lesson (s).
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