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I A M penison out of money
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<blockquote data-quote="KoennenTiger" data-source="post: 4263723" data-attributes="member: 73154"><p>My father and my father in law both have pensions and social security. Of course both companies they worked for are just shells of their former selves. Unfortunately I find that I can't fully plan for the future. Will I have a pension? Will my 401k be worth anything when the asset bubble pops? Will hyper inflation hit us? Inflation has been pretty bad just in my lifetime.</p><p></p><p>When I was 19 I had a fast food job that paid $11 an hour, gave me sick days, vacation, and health insurance. I was buying food for my family with my pay. A pound of quality ground beef was 99 cents, a gallon of milk was 99 cents, a dozen quality donuts was 99 cents, and a pound of coffee beans was 99 cents. I remember this. And I'm only forty years old now.</p><p></p><p>Today all that <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" /> is five dollars or more except the milk which is only three fifty. That's A LOT of inflation. That somehow everyone pretends not real.</p><p></p><p>I bought my first car that year brand new for $5000. It was an economy car. How much is that car now? A garbage Hyundai accent?</p><p></p><p>Meanwhile that same fast food job pays exactly the same per hour, only now with zero benefits.</p><p></p><p>This is the capitalist economy. Where everything only gets worse but it will trickle down when our capalist overlords decide to take a piss on our faces.</p><p></p><p>Now we have a HUGE asset bubble. It isn't just housing but the stock market as well. Trumps plan? Keep that bubble growing. It can't grow forever as the growth is all based on debt.</p><p></p><p>When the asset bubble pops what will a 401k be worth? When will this happen? I don't know.</p><p></p><p>But you know I've got a whole bunch of kids I love and who love me. Who my wife home schools and who we teach good values too.</p><p></p><p>I have my 401k and my pension and Lord be willing I'll be able to hand my kids a great boon to start their families. Lord not be willing I have my kids who I love and who love me.</p></blockquote><p></p>
[QUOTE="KoennenTiger, post: 4263723, member: 73154"] My father and my father in law both have pensions and social security. Of course both companies they worked for are just shells of their former selves. Unfortunately I find that I can't fully plan for the future. Will I have a pension? Will my 401k be worth anything when the asset bubble pops? Will hyper inflation hit us? Inflation has been pretty bad just in my lifetime. When I was 19 I had a fast food job that paid $11 an hour, gave me sick days, vacation, and health insurance. I was buying food for my family with my pay. A pound of quality ground beef was 99 cents, a gallon of milk was 99 cents, a dozen quality donuts was 99 cents, and a pound of coffee beans was 99 cents. I remember this. And I'm only forty years old now. Today all that :censored: is five dollars or more except the milk which is only three fifty. That's A LOT of inflation. That somehow everyone pretends not real. I bought my first car that year brand new for $5000. It was an economy car. How much is that car now? A garbage Hyundai accent? Meanwhile that same fast food job pays exactly the same per hour, only now with zero benefits. This is the capitalist economy. Where everything only gets worse but it will trickle down when our capalist overlords decide to take a piss on our faces. Now we have a HUGE asset bubble. It isn't just housing but the stock market as well. Trumps plan? Keep that bubble growing. It can't grow forever as the growth is all based on debt. When the asset bubble pops what will a 401k be worth? When will this happen? I don't know. But you know I've got a whole bunch of kids I love and who love me. Who my wife home schools and who we teach good values too. I have my 401k and my pension and Lord be willing I'll be able to hand my kids a great boon to start their families. Lord not be willing I have my kids who I love and who love me. [/QUOTE]
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