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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST

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To: TobagoJack who wrote (63917)5/27/2010 7:59:28 PM
From: benwood4 Recommendations  Read Replies (2) of 217847
 
That concept first dawned on me a couple years ago as I noticed my parents' buying power had dropped roughly 45% in the past 25 years. My son who is just graduating from college could really not care less if the country goes broke in the next three years and has a huge monetary reset, because he has nothing saved, nothing invested, and nothing to lose. It's people who've saved for 30+ years who are on the cusp of retirement who have the most to lose. Friends of mine 25 years into their working careers have gone from expecting to retire to expecting not to retire. Not sure how that really works with 20% unemployment though...

Regarding our grandkids though, not yet born: they have everything to gain if the rot is purged from the system in the next few years. They will be like post-war Germans.
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