There Is No Retirement For Any Fools
July 05, 2010
– Comments (34)
Retirement is a privelege.....the spoils that come to an individual that lives in a nation that produces enough to sustain that individual not working/producing.
Making a good income as a doctor, or nurse, or police officer, or firefighter, or teacher is a privelege of a nation producing enough to pay good salaries. In Americas case, that would be the private sector generating enough income to the government
With the bankers cutting off credit to the private economy over the past few years, (something that has not happened to America in over 70 years), the private sector in America started collapsing.....construction down 80%, autos down 50%, manufacturing basically shipped overseas....etc......
In addition, whatever private sector remaining is being supported by government handing an ever growing army of entitlement recipients massive amounts of money each month and speding it at businesses.........MONEY THAT THE GOVERNMENT DOES NOT HAVE FORCING IT TO BORROW/PRINT TRILLIONS OF DOLLARS THAT REALLY DON'T EXIST.
How do you expect government to tell its citizens there is no money left to pay entitlements? No money to support its consumption or those businesses benefitting from such consumption.
We are talking about potentially 300 million very angry citizens.........
The answer, based on how Fools have reacted to my blogging over the past three years, is it can't......it must either steal money from other nations to support its citizens, by force if necessary putting our children and ourselves in harms way.......or it must take over control over all the production of our nation and unilaterally create a system to distribute it among the population....as production is too low the sustain the system in its current form for much longer.
In war, government can impose a lot of rules that don't apply in peace time.....rules that make money meaningless. It would be the ideal environment to build a sustainable system where the current production of the industrial age is not sufficient to support the current structural agreements....especially in light of the fact that more and more jobs are being shipped overseas or replaced by technology.
Since it is obvious the Fools don't have the intellect nor will to restructure voluntarily.....it will be forcibly imposed upon them one way or the other.
For those of you fantasizing about retirement, my guess is it will be a few years after you die.
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