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alstry (36.17)

How will anyone retire???

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November 01, 2008 – Comments (6)

JOBS BEING CUT BY THE MILLIONS

STORES CLOSING AND MALLS SHUTTING DOWN

Rolling Acres mall is closing. Management of the property, which does not include the anchor stores Sears and J.C. Penney, notified the eight remaining tenants inside the mall on Monday that it would be closing as soon as possible.

http://www.ohio.com/lifestyle/33428179.html

PENSION FUNDS RUNNING OUT OF MONEY

With stock market losses topping $50 billion since July 1st, CalPERS is on track to needing help in just two years if the nose dive continues on Wall Street. Taxpayer groups are upset that Californians have to foot the bill when many employers have moved away from pension plans.

http://abclocal.go.com/kgo/story?section=news/politics&id=6467449

ELDERLY BEING FORCED TO SELL HOMES TO MAKE ENDS MEET

 For 40 years, Mary Moore has lived in her Butler-Tarkington home, but rising taxes, healthcare and housing costs along with her declining health means she’s desperately trying to sell her home.

‘It’s hard to find people who can get financing,’ said Moore. ‘It’s getting really, really to the edge.

http://www.wishtv.com/dpp/news/local/region_1/Hoosiers_affected_by_housing_slump

The facts are simple...under the current administration....America is shutting down and government officials are laughing at you as they pour hundreds of your billions into their banker buddies pockets and more and more families go hungry.  And if nothing is done pretty soon....much of America will be shut down and shut out completey and few will have anything.

Unless you are a banker or government official, it doesn't matter how rich you think you are right now.....the government will need ALL of your money.  If only a few have resouces....those that do will need to hand it all over to keep our nation running.  Soon the auto dealer will not be paying taxes.....nor will the homebuilder.....or the mortgage broker.....or the unemployed.....and so on and so on since few will be making any income....whooops, we are there right now!!!!!!!!!

This is the part of the equation that people seem to want to avoid.  Our nations wealth is evaporating and soon there will be nothing left.  It is tough to retire on nothing and few working to support an infastructure for your retirement.

This has NEVER happened before in American history.  For the last two hundred years we were a growing nation and now we are contracting shipping our jobs overseas and piling up mounds of debt just to make ends meet.  Now we are reaching the end and you can feel the stress starting to mount.

As resources deminish....life will get harder and harder and fewer and fewer will have anything....there will be a point when the few will be forced to turn everything over to the community if  direction  is not changed soon.  If we don't retstructure soon, soon our lives will be restructured.

In the mean time I suggest frugal living, hard partying, and stay close to your family.

6 Comments – Post Your Own

#1) On November 01, 2008 at 10:48 AM, dinodelaurentis (73.15) wrote:

i predict the return of the extended family.

no one will retire. we'll just employ them according to their abilities.

you know, cooking, watching babies, dispensing herbal remedies and the like.

maybe we'll share their output with others according to their need (gasp!).

i fully anticipate working until the end of my days.

that's why i read, play chess, and do the crossword puzzles!

of course it's not all sit down stuff. last week i ran 60+ miles. hope to do a marathon in march for the 1st time ever.

i am ageing like a fine wine.

or maybe turning into vinegar.

both are useful...

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#2) On November 01, 2008 at 11:08 AM, TheBubbleBoy (< 20) wrote:

FUCK IT

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#3) On November 01, 2008 at 11:10 AM, alstry (36.17) wrote:

DinoD,

You are dead on......simplicity will rule the day and the dynamic of American life will change....from my perspective for the better in many instances.....but the transition will be painful for the masses as change will disrupt the status quo.

My favorite outings are having a baguette in Luxemberg Park in Paris watching the people walk around, sitting at Las Ramblas in Barcelona with a cup of coffee talking to strangers, or since we travel less these days.....going to the park with the kids to shoot hoops or kick the soccer ball around.....All can be done for less than $5 bucks and way more fun than more expensive activities such as eating expensive meals at fluffy restaurants.

Communities will be forced to get closer as fewer will have resources.  I think your perspective is dead on.......

What do you think we should do with all the vacant commercial space that will have no use anymore??????

 

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#4) On November 01, 2008 at 12:05 PM, LORDZPAIN wrote:

Its truly amazing that fool can allow bubble to say FUkC it

no not really, its just the way things are,  selective censorship and punishment,

Now this is the ALstry I know... all doom and gloom...

Everyday people are retiring in one way or another

and it matters not whether they can afford it.

Theres a quote in the Lord of the Rings movie about the home of the horse lords ~ king not willing to risk open war fare

And that other guy :)

Tells him that open war fare is upon him whether hes willing to risk it or not.

Yet Alstry there are people who will never ever feel the sting or the pain and there are others who will only feel it.

The sweet is never as sweet until you taste the sour.

 

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#5) On November 01, 2008 at 12:32 PM, abitare (93.16) wrote:

alstry,

aligned. 

I lived in a socialist Italy for years, I can say in general the people were happy. They lived with in their means and were used to the hardship.

 dinodelaurentis,

I could have not said it better myself.

 

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#6) On November 02, 2008 at 6:09 AM, TheBubbleBoy (< 20) wrote:

Please pardon my language.  It's just that I read so many depressing stories and sometimes I just think I can't take it anymore and what's the point and OH SWEET JESUS WHY DON'T I JUST FIND A F***ING WINDOW TO GO JUMP OUT OF

 

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