i actually do not see a lot of capable global leaders
am not happy for planet earth
not accounting for inflation, would say a comfortable retirement that does not require the eating of capital costs usd 4m incl say 400k residence, assuming annual investment returns can be at 3-3.5% w/o inflation
the average college students starts life w/ (say) 50k debt, and has 43 years to go from negative 50k to positive 4m w/o inflation
he needs to save 94k per year out of active income and investment income
the math does not work unless the average student is really quite good at what he does with his time and with his money, w/ full-on focus, and w/o absurd tax tithe, and w/o a wall street manipulating the game by facilitation from central bank that rigs the game as the game is rigged now
the math is impossible
so, as more have less, and lesser still, and gets to practice universal suffrage voting, the outcome is predictable even if the timing is not.
the political system only adds flavoring. the monetary system had always been the main course. a fiat money inflation system need not be toxic unless enabled so by the political system.
before the protestors around the world zero in on central banking, there is little cause for hope, because they will not have identified the true issues, imo. the protestors needs to march on central banking buildings, and not the odd brokerage houses and the so many hedge funds. central bankers must be made to fear, as in the good ancient days.
debt is slavery. central banking run amuck is serfdom. |
