How will anyone retire???
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.
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.
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.
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.