Americans DROWNING IN DEBT! Pensions and 401k’s Will Be Devastated in Crisis!

Discussion in 'Economics' started by The Humble Bunch, Oct 11, 2019.

  1. easymon1

    easymon1

    mr elcubano
    one could include "supply chain" in there somewhere.
    thx

    banksy elephant.jpg
     
    Last edited: Oct 12, 2019
    #41     Oct 12, 2019
    ElCubano likes this.
  2. This is why I dont have a 401. No point in it.

    If you know you are never going to retire, and do what you enjoy - it takes the stress away.
     
    #42     Oct 13, 2019
    Spooz Top 2 and AKUMATOTENSHI like this.
  3. Turveyd

    Turveyd

    Also, no pension, figured low odds on getting to 65 so spend it and enjoy it.

    And 48 and might live to regret that decision LOL

    Must Climb more and try to get caught in bed with someones wife :)
     
    #43     Oct 13, 2019
  4. cafeole

    cafeole

    Until you come to realize one day you can't do that anymore and you are only 55.

    Good luck with that strategy. I hope it works for you.
     
    #44     Oct 13, 2019
    ironchef likes this.
  5. %% More;
    we used to watch]b] Bonanza + Big Valley Westerns. Bonanza= big ranch, silver + livestock[not be confused with dead stock like TSLA]. Big Valley started off with high mountains...…………………………………………………………………………………………….
     
    #45     Oct 13, 2019
  6. I'm not working with my feet - so there is that. Also, this isn't to say that I don't have wealth, but no retirement. Besides, its a scam.
     
    #46     Oct 13, 2019
  7. Correct if a big hit comes to the market, plebian 401k accounts will be cannon fodder. Not only do they not have access to high yielding asset classes they are usually bundled to the advantage of the holding firm. There R/R rate of return is low as well. As far as debt Americans will keep working until death. That was the original plan for debt slavery.

    Long live the Empire,
    Akuma
     
    #47     Oct 13, 2019
  8. ironchef

    ironchef

    If every American practice living below his/her means, the problem can be solved.
     
    #48     Oct 15, 2019
  9. ElCubano

    ElCubano

    That’s not how the system is set up. If everyone would be a minimalist or hold back on stupid purchases the economy would collapse. Lol
     
    #49     Oct 15, 2019
  10. ironchef

    ironchef

    I love your imagination, linking TSLA to Bonanza.

    Tell us again why is TSLA a dead stock, for us traders? o_O

    Regards,
     
    #50     Oct 15, 2019
    murray t turtle likes this.