Only A Fool Would Plan For Retirement....
October 19, 2010
– Comments (6)
In a system where the concept of EXTEND and PRETEND is an accepted practice.....and loaning money to otherwise insolvent public companies and local and soverign governments......trying to "plan" for retirement is silly at best and down right ignorant at the core.....
By the nature of the word PRETEND....we know the system is a fraud and insolvent.......the only issue now is how will the fraud be revealed.....there are many different possibilities.....money could be worthless....we could have an economic collapse.....or a massive world war would do the trick....
It is not the end of the world....history has gone through these periods many of times....often tens of millions of people died...sometimes a lot more....but the world went on......for those that lived;)
Few understand the power of compounding....at 7% consumption doubles every ten years.....we simply can't grow the world's consumption at anywhere close to that number for any sustained period of time or we will deplete the world's resources in short order.....
As societies compete for consumption....they will run up against each other trying to secure the world's resources as is currently happening between the East and West in Africa and the Middle East.
At some point, if niether backs down, you must fight for those resources.......as there is not enough to supply a continually growing demand as is currently factored into most Economic models.
How will this play out....who the heck knows...war, collapse, hyperinflation.....all really good guesses........but in the end, you know the current rate of worldwide consumption growth must abate by one means or another....now the question is how......
RSS Headlines
Fool UK