Don't Save for Retirement

[TBKV90]

Fuck retirement accounts. Fix your own retirement.

[FortNikitaBullion]

It's a vicious cycle. Such facts make people even more irresponsible, because responsible people get wiped out. This forces the government to steal more. It's a positive feedback loop.

[orangedac]

@FortNikitaBullion

i agree. but after watching this video, i'm convinced i should not save my money within plain sight of the government. SS is a trick to get people to save for their retirement so they can later be told they don't need the money from SS because they have enough. Only those who spent & enjoyed life will be regarded as poor and be eligible for SS.

what a racket.

[FortNikitaBullion]

@orangedac Exactly. Buy physical platinum and palladium (not gold and silver because there's so much manipulation and paper contracts for gold and silver weighing down the price).

[orangedac]

@FortNikitaBullion

physical platinum maybe. its price is below that of gold despite it being more rare than gold and fewer miners looking for it. i don't know about physical paladium. it would be hard as hell to sell as few people (including me) have ever seen a paladium coin.

still there's nothing like gold. you can go anywhere in the world and its instantly recognized. try selling a guy platinum and he'll take a bite out of the coin thinking its chocolate.

[FortNikitaBullion]

@orangedac The problem is that gold is overvalued due to all of the borrowed money that is chasing it. Between 1999 and now, real money inflation (as in increase in money supply) is only 200% but gold has gone up 600%. Platinum also suffers from this problem, but not nearly to the same extent. You have to buy things which people aren't buying with borrowed money today to shield yourself from the debt deflation crisis.

[orangedac]

@FortNikitaBullion

Problem with platinum is that nobody regards it as money and its somewhat illiquid. Palladium is even harder to get rid of.

What people don't want now is real estate.

One thing I'm certain of is that the enormous private debt outstanding is not going to be paid. This means at some point a Reset button is going to be hit. For that reason alone, I own more gold than 99% of the population. If indeed we move to a gold backed currency, I want to be that 1%.

[FortNikitaBullion]

@orangedac Cool. Where is the top 1% line for gold? 1,000 ounces or so?

[orangedac]

@FortNikitaBullion

1000 ounces, no way.

My guess is the 1% starts somewhere between 20 to 50 ounces of gold. I'm talking phyaical gold not some paper derivative of it. About 1% (or less) of the population has that much physical gold.

Even smaller amount of the population has platinum and even fewer palladium. But then neither of these are considered as being money in the mass concioiusness so its hard to make a case that it will emerge as money at some point.

[FortNikitaBullion]

@orangedac No way! That's not so out of reach, even for the working class if they put their mind to it.

[orangedac]

@FortNikitaBullion

I doubt the average guy walking out there has 20 ounces of gold coins/bars. Among those who do have the money to buy it, 99% of them would rather blow it on a vacation, a fancy car, home renovations or women with big b00bs.

[dontmesswithsqacky]

@orangedac hi im lesgrimshaw15 using a different account u told me to fuck off a hole, i got to tell u something shut the fuck up assole and u are immature because u privted all 3 of your videos.

[orangedac]

@dontmesswithsqacky

I'm glad you got my message to go fuck off. You should take that adivce because as I recall, your picture shows you to be as ugly as an ass goblin.

[dontmesswithsqacky]

@orangedac its a live coon off southpark asshole from that episode coon and friends.

[dontmesswithsqacky]

@orangedac im going to block u for blocking my old channel

[FortNikitaBullion]

None of this applies if you own physical platinum. Buy platinum for your retirement.

[UnitedKorean]

Real Property (Land) is the best investment, then Gold and Silver. They cannot take them away. They can not take away your land nor enter your land to steal your gold and silver stockpile. If you have cash in hand or in bank, you are fucked. If you have stocks, you are fucked. Because tomorrow, they will be worth nothing. I am now going to buy real property and tangible personal property.

[coolio104]

@UnitedKorean Yeah, there you go. I want to stay true to my dragon ancestry and hoard gold.

[orangedac]

@UnitedKorean

sure they can take away your land. stop paying your taxes and you will find out who really owns your land.

[MrBigEnchilada]

the truth is if you save you're getting negative real interest rates because either you have inflation or the economy sucks and the interest rate is like 0.05%

Better put it somewhere useful.

[NicThornsberryDrums]

It's funny because as of about a month ago when we hit the debt ceiling, this is what they started to do...

[hathigmonorow]

BONDS = SUCKERS

TREASURY BILLS = SUCKERS

DOLLARS = SUCKERS

SILVER + GOLD = WINNERS

[deadrepublicantv]

I have no doubt in my mind that this is going to happen. I'm flying without a parachute now... it's not worth the risk. If anyone's going to have that money, it's me!

[deskset24]

I've been a lifelong scrimper and saver. (I'm over 30 but less than 50.)

Those who vote for conservatives - i.e. Republicans and Democrats - who have shit trillions of dollars to CEOs in corporate welfare and tax-free churches for completely useless or destructive work - e.g. "defense" contractors and oil-gas-meat industries - instead of work that matters: solar, wind power; animal rights; vegetarian restaurants - these are the ones who must be tortured and killed for touching my savings.

[PatriotGoUSA]

Savers are losers in the end! I'm in my 20's but made the mistake of starting a 401K. Hoping the stock market holds on until Jan 2012, and then I'm out. Investing in PM's. Can't pull out this year because of tax rape...

[GONECRUISING72]

i said last spring that by the end of 2011 the govt will take our 401's and annuities

[rustyscrapper]

I stopped putting money in RRSP's 5 years ago. The little money I put in there is a write off as far as I am concerned. All you heard years ago was "well if johnny puts $5000 dollars per year into an RRSP for 40 years he will retire with 6 million dollars....

More like If I put $5000 a year in, when I retire it will pay 3 months rent and food.

[frangootz54]

Does anybody realize that there are over 12000+ corporations registered in the same 2 story house about the size of a 7 room residence in the Cayman Islands. Last year GE and EXXON DID NOT PAY ANY TAXES ! Yet the right wing justices who make up the majority ,gave these very corporations the right to citizenship,even though some of these corporations shareholders are NOT citizens and are benefiting from our tax dollars in huge amounts already.

[tony232cool]

amen someone who thinks like me. Never participate in 401K it is retarded with the government we have. You know you will die in the job anyways so what's the point

[tekmnd]

Many retirement funds/accounts are already invested in Tbills as this is considered a safe way for a retirement fund manager to invest retirement funds. The gov has already spent much of the retirement money people think they have.

[prettycow25]

This vid really scares me. I still cant believe putting even 50% of my money into gold or land is the answer. Especially land because if things get really bad, people wont be able to pay the land tax and the gov will take that too. But to lose all that potential earnings in stocks &bonds on the chance that the Gov may steal it would require me some more sources. Still, I love the vid as it makes me ask some important questions as I never did trust the Gov

[tesskansas]

Approximately how many hours does it take for you to create these lovely little videos? Is it hard to learn. I do not even know how to do a basic YouTube video.

[chasinwind]

probably about 5 minutes since its just a website that reads texts and turns it into a movie. See website address at end of vid.

[Amowtts]

Great videos. Keep it up!

[seantube21]

Glad you're back with another video, it's been a while. I'm not 100% sure this will happen, if it does I would think it would be longer in the future.

I believe the government will simply print the money rather than raid 401ks and IRAs. In general, people are too dumb to realize that the printing press causes inflation. So the government need not look further than the printing press as a way to meet it's future debt obligations.

--End the Fed!

[lizadfuel]

The US Gov could seize 401ks and the ppl could be asking for it! That's a shocking statement but we are going to have waves of future economic crashes and each one will be worse that the previous one. It's during one of theses crashes where 401ks will be reduced drastically and what's left in them will be taken over by the "hero of the day = US Gov ". This is the likely scenario for the US Gov to nationalize 401ks just like they have with the auto industry and banking. = recipe for disaster

[solojam]

if the gov prints the money it only destroy the value of US funds, there is no point in saving unless u put it in silver or gold, or land

[musicalidea]

@solojam Or other valuable commodities that can be hoarded and preserved....shares of oil, uranium, etc.

[Bravesfan4500]

@musicalidea what shares of oil should I buy?

[PennnSmith]

Truth will dissolve government.

This video is 100% true.

Goodbye, government.