If they planned right they sold off all their sticks for bonds slowly over the years. Then the current state of affairs has very little impact. However they do miss out on the stock market roller coaster
Didn’t realize this sub was pro social security and pensions lmao... those are the primary drivers of our deficit and debt!! And as a millennial I assume I will never get a penny of SS, and I’m not happy about subsidizing the boomers who made 3x on their houses.
Millennials are investing and becoming self sufficient. Equity inflation is GOOD for investors. It’s bad if you want to sit on your cash or rely on SS. Which is past due for being abolished.
The dollar is only the default currency because the military industrial complex will bomb or start revolutions in countries that oppose the fiat dollar hegemony.
Return to the gold standard and keep the spending by politicians in check!
Nah, sorry. This is stupid. Our current economy could not be maintained with the gold standard and we would dramatically reduce the rate of innovation. If you like the gold standard, just keep your savings in gold.
Yes, that's right our "economy" is a joke. Going back to a gold standard would introduce a shock in the economy that would kill malinvestments such as Tesla motors, a company that wouldn't have been able to get off of the ground without government subsidies.
Our economy since 1913 (when the Federal Reserve Act was passed) is designed for wealthy insiders (big bankers, corporate socialists like the Koch Bros etc.) to profit off of the newly printed money first. People like you or I see those dollars last once inflation is built-in.
Just read "End the Fed" by Ron Paul and he can explain the arguments a hell of a lot better than I can. You cannot escape basic economics. If you don't have the money to afford something, printing more money WILL NOT MAKE YOU RICHER. Think, bro.
Even if you hold your savings in gold, you're still required to pay your taxes in fiat dollars. Just because you buy gold doesn't mean you escape our ponzi economic system.
We're gonna inflate the debt away, and so long as dollar is default currency ain't no one gonna question it
Inflation is just stealing from everyone with retirement investments.
No... lol Inflation inflates equities and assets too...
If they planned right they sold off all their sticks for bonds slowly over the years. Then the current state of affairs has very little impact. However they do miss out on the stock market roller coaster
Retirees should have plenty of savings. Sorry they won’t be able to provide their descendants with as large of an inheritance...
Didn’t realize this sub was pro social security and pensions lmao... those are the primary drivers of our deficit and debt!! And as a millennial I assume I will never get a penny of SS, and I’m not happy about subsidizing the boomers who made 3x on their houses.
Millennials are investing and becoming self sufficient. Equity inflation is GOOD for investors. It’s bad if you want to sit on your cash or rely on SS. Which is past due for being abolished.
Inflation is not a good thing. That’s how you get Weimar republics.
More guns bought in 5 years than the entire military force in the world combined
The dollar is only the default currency because the military industrial complex will bomb or start revolutions in countries that oppose the fiat dollar hegemony.
Return to the gold standard and keep the spending by politicians in check!
Nah, sorry. This is stupid. Our current economy could not be maintained with the gold standard and we would dramatically reduce the rate of innovation. If you like the gold standard, just keep your savings in gold.
Yes, that's right our "economy" is a joke. Going back to a gold standard would introduce a shock in the economy that would kill malinvestments such as Tesla motors, a company that wouldn't have been able to get off of the ground without government subsidies.
Our economy since 1913 (when the Federal Reserve Act was passed) is designed for wealthy insiders (big bankers, corporate socialists like the Koch Bros etc.) to profit off of the newly printed money first. People like you or I see those dollars last once inflation is built-in.
Just read "End the Fed" by Ron Paul and he can explain the arguments a hell of a lot better than I can. You cannot escape basic economics. If you don't have the money to afford something, printing more money WILL NOT MAKE YOU RICHER. Think, bro.
Even if you hold your savings in gold, you're still required to pay your taxes in fiat dollars. Just because you buy gold doesn't mean you escape our ponzi economic system.
Tesla is one of the most innovative companies of the last few decades. I’ll take Tesla over the gold standard any damn day