When the boomers lose their pensions. That's when it will get violent.

Works only "up to a point" (actually, doesn't do that. only "appears" to work for a while).. not a panacea.

 

What do you mean? How do 401Ks "run dry" ??

 

Absolutely true. And history shows that they ALWAYS lose this bet. Period.

 

these comparisons serve no purpose. debt is destroying most fiat currencies

 

heck, dollar devaluation - if US loses world reserve currency status - can kill off pensions, 401K, IRA wealth all by itself.

 

Next week the internet will be censored through SOPA and PIPA in Congress.

Obama just got the right to detain Americans indefinitely without trial. Lincoln couldn't get it. Obama - yeah, that's the right guy to have it.


Whoever wants to take away your rights and your property should go for everything right now. There are no consequences.

 

They rarely lose the bet. The citizenry loses and those in the ruling class, with few exceptions, leave great wealth and position to the next generation.

 

Morgan, In New York state, state pensions are funded by an act of legislation againt all taxpayers. Hence, althought the workers may or may not contribute, the pension are due based on txing authorty. The well won't run dry unless the law is changed.

Private pensions which go bust are funded by the PBGA . this organisation is another BAB (broke ass bitch). Why? Because they are required to be invested in the stock market and just like it's counter part (private Pension) they rise and fall together on unrealistic assumptions of return.

 

It's PBGC, not PBGA.

 

Thanks for the correction. Too lazy to check my acronyms today.