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I wasn't thinkin of retiring anyway
Vic Smith wrote:
On Tue, 07 Oct 2008 16:57:30 -0400, Boater wrote: wrote: Well, all that money I put away in that plan is prob gone but I wasnt thinking of retiring for another 15 yrs at least anyway. What the hell, work is fun. Except for some share I have held onto for sentimental reasons, I got out of the market a long time ago, when I finally realized it was a fraud, along with the accounting practices of large, publicly held corporations. That became a Ponzi scheme when they got into workers pockets via 401k's. Used to be a viable savings/retirement instrument with blue chips, but utilized mostly by the upper middle class and higher due to disposable income and risk. Before the 401k auto-extraction, equity investors could usually be identified by their dress - golfing shoes or yachting caps. When that garb became commonly worn by the populace, you knew something was out of whack. Too many golfers and yachtsmen, and not enough workers. Like the Ponzi deal, early investors who pulled out cash did well. Now it's time for the rest to get screwed. --Vic We put all our (remaining) balance and future contributions in our 401K into guaranteed interest at 10%. That's not available to all 401K's I understand. In light of this latest screwing by the Globalist swindlers on Wall Street we may lose that though. You cannot trust the Global Merchant Class. Their only loyalty is to their pocket. They have screwed our economy and become Panda Huggers. China is bulking up its Military on a wartime basis. They intend tp take Taiwan and then kick America out of Asia. Then the land grab will commence. They are doing it with what was our wealth. Russia is revitalizing its former Military Port in Syria. It intends to control the flow of oil along with its aggressive moves to build a pipeline from the are into Russia. China will control the Straits that Oil and other commerce from Asia to America when it takes Taiwan while we sit idly by. The damned Globalist Merchant class like Paulson will keep touting China won't do anything because we are their trading partner. The tried to float their Council on Foreign Relations junk of World Peace through wold trade. What this deceptive bunch meant was huge profits for the Global Economic Elites by subvering the American Republic and raiding our wealth to areas of the world that have no resources, or limited capacities so they too can become customers. They then preached the level playing field nonsense to support this theft. Sermon over |
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