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Multinational corporations, bankers, and speculators are making out like bandits, as the American middle class continues to pay higher taxes and continues to shrink.
I am sorry you have failed to invest in a 401K, but it's everyones own personal responsibility to do so. No one will force you.
401k bla. The average 401k is worth the value of a car.
It's value would depend on how you have handeled it. If it is only worth 20K after 20 years, the you have fumbeled the ball, and become a talking point for those who argue against private retirement funds.
This is hilarious. We have DowJones Industrial cheerleaders here who think this is some sort of recovery indicator, when in fact the reality of the situation is far different.
I will place one single graph below, and that is all that needs to be said. This isn't conspiracy, this isn't liberal or conservative rhetoric, this is the honest-to-god, matter-of-fact, TRUTH; we are in for a world of ****.
This increase in the monetary base is a visual representation of what fueled the artificial recovery, and because of our deficit, there is no way to correct it.
This is hilarious. We have DowJones Industrial cheerleaders here who think this is some sort of recovery indicator, when in fact the reality of the situation is far different.
I will place one single graph below, and that is all that needs to be said. This isn't conspiracy, this isn't liberal or conservative rhetoric, this is the honest-to-god, matter-of-fact, TRUTH; we are in for a world of ****.
This increase in the monetary base is a visual representation of what fueled the artificial recovery, and because of our deficit, there is no way to correct it.
I have not heard anyone say anything about any indicator. We have two kinds of people: those who saw their investments double, and those who did not. Obviously those who saw a raise in their investments are better off that those who did not, regardless of money supply, and regardless what "fueled" it. Today the same money buys more house than in 2008, and as much car as in 2008, more electronics etc, so until the money supply causes major inflation people are better off with increased amount of money in their banks. If you had more money, which buys less goods, then you'd be worse off. If you had less money, and prices are up, then you'd be screwed.
I have not heard anyone say anything about any indicator. We have two kinds of people: those who saw their investments double, and those who did not. Obviously those who saw a raise in their investments are better off that those who did not, regardless of money supply, and regardless what "fueled" it. Today the same money buys more house than in 2008, and as much car as in 2008, more electronics etc, so until the money supply causes major inflation people are better off with increased amount of money in their banks. If you had more money, which buys less goods, then you'd be worse off. If you had less money, and prices are up, then you'd be screwed.
I don't disagree with anything you just said, but that is the key. This is a temporary "eye of the storm" scenario, nothing about our monetary policy and current economic indicators suggest this is sustainable, in fact, it would suggest otherwise.
Our grandchildren will pity us, no doubt in my mind.
It's value would depend on how you have handeled it. If it is only worth 20K after 20 years, the you have fumbeled the ball, and become a talking point for those who argue against private retirement funds.
The 2008 depression certainly wouldn't have reduced many 401k by half, in which it did. The average 401k is around 72 grand. I know folks who lost couple of hundred thousand in their 401k.
But, just three months ago Republican hacks on Fox were claiming if Obama got reelected the stockmarket would crash.
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