tag:blogger.com,1999:blog-2216751897705338056.post4545670505958602688..comments2023-10-17T03:41:01.759-04:00Comments on reflexiones finales: End of Retirementrussell1200http://www.blogger.com/profile/16258915475311426433noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2216751897705338056.post-19417829960712690212011-11-23T05:44:20.750-05:002011-11-23T05:44:20.750-05:00They can always inflate their way to "solvenc...They can always inflate their way to "solvency". The current, likely temporary, stubbornness of the tea party people in congress is making it more difficult to kick this can down the road.<br /><br />The real problem is this:<br /><br />Even if we all of the sudden became great savers, and saved up enough of our own money to "live" off our retirement savings, even if this money was in gold bullion form, the question becomes: What exactly have we saved?<br /><br />One way to look at money is as a lien against future production: a promissory note if you will.<br /><br />But if 2/3 of the population are either retired or the equivalent of Wal-mart greeters, what exactly is that a lien against?<br /><br />Since you are younger than I am, your only real hope (presuming the system keeps going at all) is that the boomers age-out (a.k.a. die) in sufficient numbers that you have a reasonable amount of productivity to support the number of retirees.russell1200https://www.blogger.com/profile/16258915475311426433noreply@blogger.comtag:blogger.com,1999:blog-2216751897705338056.post-77280622980695471532011-11-22T20:53:47.219-05:002011-11-22T20:53:47.219-05:00Sixbears' formula will be my only "retire...Sixbears' formula will be my only "retirement", I have no misconceptions of "golden years" as defined today. Mostly because I think the Ponzi scheme will go full on collapse WAY before I could even entertain the thought of even the very simple retirement I envision.Mayberryhttps://www.blogger.com/profile/07664966137470121099noreply@blogger.com