If You Are Rich and Retired...YOU BETTER BE CONCERNED
The only reason the rich are rich is because they perceive they have the assets to control other people's production......
Traditionally money and gold served this purpose well.......a strong military also allowed one to control other people's production.
The funny part about money is that bankers and government, by bailing out the banks and giving government a seemingly unlimited line of credit, divorced their existence from the underlying productivity of the people they served. In other words, government and bankers can create as much money as they want whether or not their citizens or customers are productive.
Every citizen can default on their debt and the bankers will still stay in business....or at least have access to money......no taxpayer can pay a dime of taxes and the government can still have money by borrowing from the bankers. INTERESTING WHEN YOU THINK ABOUT IT.
If humans don't need to be productive to get a check from the government....then why should anyone work? and if people stop working for money, what good is it to be rich?.....
As far as bankers, why should they risk loaning money to people so they can produce....they can loan an unlimited amount to government and be guaranteed a prompt repayment and very profitable margin.
Whooops....if banks don't need to lend to citizens to produce.....and people don't need to produce to get money.............we are not incentivizing America, and much of the world, to shut down.........or at least shut down the Industrial Age and the world as we know it.
And what good is it to be rich in a world that doesn't exist and much of what you have is worthless........
Welcome to the Digital Age.....I told you it would be exciting....where knowledge and the ability to productively implement it is money...................
Any bets when war starts as the world shuts down?????............
At Least 20 Twin Cities Area Schools Closing
Update: Milwaukee Schools - Ok 600 Job Cuts
NYC Teachers - 4,400 Layoffs Very Possible
Experts: 25,000 - 80,000 Houston Jobs at Risk with New Drilling Regulations
Norfolk Public Schools VA - Nearly 400 Jobs on the Line
Compton Unified School District CA - 76
City of Lawrence Mass. - 115
Evanston-Skokie School District 65 IL - 31 More
Arlington Public School Ma - 40 to 46 expected
Brockton School MA - Approved 112 Teacher Layoffs
My sheep...pretty soon we will have to get the flock outta here........