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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (76674)	7/21/2011 4:44:26 AM
From: Maurice Winn	2 Recommendations Read Replies (2) \| Respond to of 217742

Tradable citizenship helps avoid such problems: <As soon as me and my employers deposited into the social security it was spent immediately to pay for people who were already retired. That is the mistake in the calculation: thinking that what one and his employer deposit is there, plus earned interest- for the person when he retires. That is not the way it works. It is only like that: you pay now and expect a young person to be paying for you when you retire. Since there are not enough young people entering the workforce, the salaries the ones who will enter will be much less henceforth due to competition from emerging markets, the youth entering the work force is not as hard working as the previous workforce now retiring, it is plain to see that people retiring now have been screwed. retirement must be seen for what it is: a scam. > It seems you are coming around to the Virtuous Victorian Values ideology. Good man ElM. Like you, I figured out the scam decades ago and bailed out. I even bailed out of my corporate pension which I had only joined to give a good impression to the time servers in BP. That cost me half my pension but I decided [correctly] that I would more than make up for that loss by handling the money better myself and also would avoid the risk that they would simply abscond with the lot. Foolish baby boomers in NZ who think that the swarms of new welfare immigrants will vote to keep them in the manner to which they have become accustomed are in for a very rude shock, possible fatal if they can't afford to hire competent medical practitioners. Incredibly, NZ$ is now heading for parity with US$. Annoyingly, I had to convert some grocery money from US$ to NZ$ at the peak. NZ$ has huge debts, growing at $1.3 billion per month. Interest rates of 5% in the bank are attracting foolish $billions from 0% interest climates. NZ$1 = US85c which is double what it was a decade ago and 80% higher than 4 years ago [more or less] but without foundations to hold it up. Mqurice