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Looking out for the wealthiest 2%

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Canuck57[_9_] Canuck57[_9_] is offline

Canuck57[_9_] is offline

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Looking out for the wealthiest 2%

On 18/04/2010 11:30 AM, wrote:
On Sun, 18 Apr 2010 10:53:33 -0600,
wrote:

401K/IRA are not ponzi.

They are when you look at the impact of millions of boomers making a
run on the funds all at one time. There is simply not enough liquidity
in the system to sustain that. I predict the government will remove
the requirement that you have to draw down these funds in hopes that
the boomers will stay in there until they die.

Market opportunity for the wise. I bought so many cheap stocks at the
begining of last year. Can't remember which book I read it from, but it
said the best money in the market is in not doing what everyone else was
doing.

Now if everyone wants to be run like a herd of sheep, there is
opportunities in realising that.

I agree with letting boomers keep it in. Why not? Forcing them to
liquidate is anal retentive BS.

But I also would not doubt to raise cash in a hyper-debt situation the
government offers lower tax rates to withdraw to raise cash on taxes.
The government is in a debt spiral. How that unfolds is anyones guess
but will not be pretty when Greece issues migrate to USA through Japan,
Spain, Germany ...

Because in essense our governemnts are bankrupt and debt spending, not
sustainable.

--
Time to ask, is our government serving us or are we serving the government?

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