Is LordZ a free loader?????
July 14, 2008
– Comments (13)
LordZ makes fun of minorities. Makes disparaging comments about those that are disadvantaged or may face hurdles in life that some of us are fortunate to avoid. As a strong proponent of free speech, although I may not like what Lordy sayz, the freedom for him to say it is much more important to me than my sensitivities.
But in the end is LordZ a free loader and doesn't know it yet. Here are a few of his comments.
My point would be to save up for these rainy days, you don't have to spend and spend, most people in their fools gold lust for more and more salaries often get lost in that its what you end up with that matters most.
Alsty there are millions upon millions of old people that are going to be able to retire extremely comfortably, and a good many of them got there by saving not consuming,
investing in stocks, not running away from the market.
yes anyone can retire.
I got retired back in 2007
Its a good thing that I saved my money..
No Lordy, you stopped working in 2007. You just think you won the overian lottery. You happend to be born in a generation that benefitted from belonging to the only major industrial nation that wasn't ravaged by a World War. By a confluence of factors that made America positioned to benefit from the growth of the industrial revolution and a population pattern that was perfectly suited for the task.
Now you lazy butt, you want to sit back and let the much fewer in number take care of you while you sit back and bask in the sun. It was easy when there were five or ten working for every retired person, pretty soon it will be ten retired people for every few working. And you expect the few to take care of the many?
Shame on you.
Yes, Lordy, there are millions of Americans that think they can retire......but that may change soon....or it may not. There were thousands of workers for Braniff, and other airlines, that thought they were getting a pension.......but that was abuptly taken away from them.
Right now, I am aware of a number of municipal pension plans that are mathematically will be insolvent far before ever paying out full benefits.
For the last hundred years, America benefitted from the industrial revolution and the years that followed. We set up an infastructure second to none to take advantage of the period. We were dependant on cheap oil and easy money.
We are now entering the information age. Anyone with a computer as the same advantages and disadvantages whether they are in Bombay or Boston. With expensive fuel and tightening credit, our cost structure puts us at a disadvantage to many nations in the world.
Those that are depending 10% gains in the stock market for the next thirty years(like the past thirty) may be in for a rude suprise.....or maybe not.
But in the end, I laugh at those who make fun of this minority or that. Arguing that they didn't save any money or have frivilous spending habits. Yes it may be true.......but no one violated such behavior more than America as a nation and a society. Even those that think they saved.
The savings came on the back of being at the right place at the right time. Now the environment is changing and few really want to face the facts. They think that they are entitiled to stick their savings in this place or that and it must generate a certain income to maintain the lifestyle they feel they have earned.
Pretty soon, we may all realize, as Americans, we simply are broke as a nation. We can't expect our kids to support a huge overhang of retired people demanding ever rising costs of health care.
The cost of health care for the aged today is much higher then the savings accumulated over the years. The savings was based on a cost structure that is obsolete today.
Face it folks we are broke as a nation.......and we must at some point accept the fact. It is not the end of the world....simply a fact we must face and deal with it.
It will be interesting to see how LordyZ feels when he finds out that his total accumulated savings may not be enough to fund one major illness, or if inflation kicks in, a few years of living expenses.
Just becuase the last sixty years went one way, it doesn't mean times ain't a changing.
Lordy, I have little doubt you worked hard, were responsible, and saved an amount you feel is adaquate...........but at the end of the day, regardless of the color of your skin, your perception of what is right and wrong, and your view to the world.......if your savings loses purchasing power, your stock portfolio crashes, your bonds default, and your real estate declines....even if you think you did the right thing.....maybe you didn't.
Maybe you were too greedy for holding on too long and not selling......or selling short. Maybe you thought you were entitled to a DOW 15,000.....maybe soon you will learn that what you thought you were entitled to was simply a fiction sold to you by the media and financial planners over the past thirty years......or maybe you will be right....who really knows at this point.
In the end, be careful calling people names.....it may be you who are the reckless one for holding on too long when you should have sold.
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