Jubilee Prosperity

A Bureau of Labor Statistics Study found the median amount saved in retirement plans was just $2000, so this is a serious subject folks.

http://www.bls.gov/opub/cwc/print/cm20050114ar01p1.htm

A lot of people may be counting on government benefit entitlements paid into at a 15.2% wage rate may not be there for them in real terms when they retire or get sick.

More recent studies found deteriorated real negative market and savings performance for the last decade made things much worse.

Government basically crowded out the real economy except for a special anointed few making three hundred sixty-five times their workers and getting bailed out when they lose the rent money.

Can we say plunder the people?

With inert uneconomic gold more than quadrupling in price from $255.80 in 1999 to $1226.40 in 2009, sure-thing long-term investments like bonds, real estate and stocks went down in real terms -79% plus their nominal losses in a decade.

Here we are, right on schedule for further plunder, as government-induced market failures foment fading fiscal realites:

Today this headline on CNBC:

Will Baby Boomers Bankrupt Social Security?

http://www.cnbc.com/id/34941334

Is the pope Jewish?

As if generations of Congresses, Courts and Administrations borrowing

and spending our Social Security Trust as a cheap source of money for their budget busters, then replacing our Trust with non-marketable IOUs and turning the economy over to debt derivative Predators did not already bankrupt the Social Security Trust and America?

Pages: 1 2 3 4 5 6 7

This entry was posted on Monday, February 8th, 2010 at 6:32 pm and is filed under Financial Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.