SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 454.39+6.4%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (68738)11/27/2010 10:44:48 PM
From: Maurice Winn1 Recommendation  Read Replies (1) of 219983
 
Measured in gold, perhaps, temporarily: <i figure devaluation of homes, incomes, pensions, and purchasing power of 80-95%> Measured in potatoes, corn, beef, water, tea, coffee and oil, unlikely. Incomes should suffer less than pensions as one is earned and the other a promise backed by a politician, supported by taxpaying voters who will change their minds about who owes what to whom. People can withdraw their work but they can't withdraw their pension request.

Already [in today's newspaper for example] there are threats against baby boomer soon-to-be pensioners that their incomes are not necessarily going to be all they expect. Already, the NZ pension age has risen from 60 to 65 [or maybe it has slipped up another year or so]

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext