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Feeling poor isn't a figment of your imagination. This Christian Science Monitor article confirms the drop in our standard of living. Evidently it is the worst drop since they started measuring such statistics.
We can thank the Federal Reserve for the declining purchasing power of the dollar it if the truth be told.
"...... Mr. Kowal earns 28 percent less than at his last job.He and his wife now eat out once a month instead of once a week, do no socializing, and eat less expensive foods, such as ground chuck instead of ground sirloin. "My mom was hoping her kids would lead a better life than her, but so far that has not happened," says Kowal....."
When wealth is transferred from the creators to the manipulators the overall standard of living decreases. I remember having much lower wages but greater prosperity in 1980 than 2010.
In 1989 U had safe investments CD rates were at 9% and up thanks to Reagan. It was safe to invest then, not now, and owning a home is a waste of time unless u plan to die in it/live in it for 60 yrs which most Americans do not, they relocate re:jobs, promotions etc.
True, turning over money to the government is like giving it to crack whores (spending wise). No control, restraint, responsibility or wisdom; but they want more and more of it unwilling to shrink their unneeded role.
We need to stop buying houses and start investing in the stock market more. The average rate of return from 1980 to today on the dow industrial average is over 10x return. We stupidly trust the government, social programs, FHA loans, etc. instead of trusting the market, which can easily give us the returns we need to provide for ourselves.
lol, stop buying houses?? No one is takling about buying more than 1 house youd have to be very ill-informed to do that OR buy stocks right now. Stocks do not guarantee principal, and housing is at its worst since 1930. Its a Depression, face it.
When wealth is transferred from the creators to the manipulators the overall standard of living decreases. I remember having much lower wages but greater prosperity in 1980 than 2010.
This is very true. The US dollar has never been stronger than May of 1984.
The biggest waste of our tax money is being the World's debt collector and monopoly enforcer. We are not the world's police we are the world's repo men. All of our recent wars have been designed to protect the petroleum monopoly and the money center bankers.
We are not spreading "Democracy" we are enforcing poverty on others and ourselves.
lol, stop buying houses?? No one is takling about buying more than 1 house youd have to be very ill-informed to do that OR buy stocks right now. Stocks do not guarantee principal, and housing is at its worst since 1930. Its a Depression, face it.
Look at historical returns. Show me a 20 year period in the history of the United States where you get less than a 9% return on investment in a well-diversified portfolio.
Right now, the smart thing to do is rent (not buy!) and heavily invest.
What are u selling MUNIs? heavily invest? no thanks I'll take my 401k and portfolio elsewhere....remember ENRON 2001?
Last edited by dreamofmonterey; 10-20-2011 at 10:01 AM..
Reason: add
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