The Best thing people can do to protect themselves is to buy Gold & Silver! I am buying lots of Silver because I do not trust my Empoyer (The State) to honor my pension plan. I am a Correction Officer who goes to work every day and I have lived up to my end of the bargain for 17 years. Fortunately for me I have 11 years before retirement. This will allow me to accumulate a ton of Silver. I'm already up to 1,000 ounces and I will keep on stacking! Either way I will retire at age 50.
I am all for putting public employees into Defined Contribution Plans 401K plans as long as the promises made to current employees are kept. My State has already passed major pension reform this year without hurting current employees.
How smart is this, those comics expect young people to take money out of thier low wage to put in the bank as saving where you will get 1% interest, while the real inflation rate is between 5 and 10% per year. Only a stupid young person should follow those guys' advice.
Cut out inflation by removing the fiat currency and central banking principles...let the Value of the Dollar remain firm thoughout our lifetime...then, the 1% interest return will be a damn great thing.
One can invest in assets outside of US. Look at developing nations, especially those outside of China and India. I could see investment in various potentially humanitarian operations that could employ locals, reconstruct the economy, and turn out great profits.
Or...we could do the right thing and take back our Country, revert back to a hard money policy with NO fiat currency or fractional reserve banking...NO Central Bank...NO interest rate regulation and let the private interactions between individuals determine the true value of a Dollar...all throughout history, Gold has held its value relatively firm...the problem, this limits the expansion of Government, hence our Government leaves the Gold Standard.
These people are idiots.
annikee59 8 months ago
The Best thing people can do to protect themselves is to buy Gold & Silver! I am buying lots of Silver because I do not trust my Empoyer (The State) to honor my pension plan. I am a Correction Officer who goes to work every day and I have lived up to my end of the bargain for 17 years. Fortunately for me I have 11 years before retirement. This will allow me to accumulate a ton of Silver. I'm already up to 1,000 ounces and I will keep on stacking! Either way I will retire at age 50.
dtgoody 1 year ago
I am all for putting public employees into Defined Contribution Plans 401K plans as long as the promises made to current employees are kept. My State has already passed major pension reform this year without hurting current employees.
dtgoody 1 year ago
How smart is this, those comics expect young people to take money out of thier low wage to put in the bank as saving where you will get 1% interest, while the real inflation rate is between 5 and 10% per year. Only a stupid young person should follow those guys' advice.
geraldcaron 1 year ago
@geraldcaron
Cut out inflation by removing the fiat currency and central banking principles...let the Value of the Dollar remain firm thoughout our lifetime...then, the 1% interest return will be a damn great thing.
helltrackrider 1 year ago
even when you save the govt is busy destroying your savings by printing money and keeping interest rates at 0%.
orangedac 1 year ago
One can invest in assets outside of US. Look at developing nations, especially those outside of China and India. I could see investment in various potentially humanitarian operations that could employ locals, reconstruct the economy, and turn out great profits.
raptorkiller2k5 1 year ago
@raptorkiller2k5
Or...we could do the right thing and take back our Country, revert back to a hard money policy with NO fiat currency or fractional reserve banking...NO Central Bank...NO interest rate regulation and let the private interactions between individuals determine the true value of a Dollar...all throughout history, Gold has held its value relatively firm...the problem, this limits the expansion of Government, hence our Government leaves the Gold Standard.
helltrackrider 1 year ago