A real picture of the economy

originally posted by: Bleeeeep
a reply to: WCmutant

No, I'm on topic - I am just addressing the fact that you are ever so causally getting ahead of yourself: wanting to start thinking about a new economic model before an end to the current one is even in sight.

Inflation, hyperinflation, and the numbers on the paper do not matter - what matters is the promises made. That is, if the economy does collapse, the promises will still be up held: we will all have to sell our stuff, and that, in turn, would make their currency stronger, as they will then have real assets (it is a fail safe for them that has always been there but you are not accounting for it). And if that did happen, we would be left having to live with less or borrow again, just like in 1929.

Your idea, that the gov would ever tell them to go fed themselves, is ludicrous.

Anyways, I'm out. Good luck thinking up a new model.

You don't really think that TPTB don't already have a plan in place for the next major collapse? How they are going to spin things the direction they want to spin it so they maintain power?

Why do you think using propaganda on the US citizens was made legal?

If you want real change you have to play chess too and be one step ahead of the impending collapse. You have to have a plan because when the chips fall the majority of sheep are going to fall in line because they seek prosperity and comfort. These are the two things that give the government power over most people - the illusion that they provide prosperity and comfort.

At any rate, I wanted to follow up your retiree numbers with a really good study found in my searching: Source

Quote from Source:

The low labor participation rate is not all baby boomers and people entering into retirement. Below is a graph of the labor participation rate for those between the ages of 25 to 54. These are the prime working years, so one cannot blame retirement and college on the declining participation rate. The 25 to 54 age bracket labor participation rates have not been this low since the 1980's recession and the rate stands at a three month static 80.8%.

Graph from Source that references above Quote:


It looks as though we are definitely seeing a significant drop in labor participation among non-retirees. He's also using BLS statistics and survey data to arrive at these numbers.

a reply to: WCmutant

Here is the picture for seniors, GAO report shows that half of Americans 55 and older have no retirement savings at all .

Looks like the motto is, work till you die

originally posted by: cenpuppie
a reply to: WCmutant

Here is the picture for seniors, GAO report shows that half of Americans 55 and older have no retirement savings at all .

Looks like the motto is, work till you die

Excellent find cenpuppie, and I agree - the system is rigged against the average citizen. I can only say that people should be happy we didn't move to privatized Social Security under the Bush administration.

Imagine if the greedy banksters got the hands on Social Security only to piss it away in the 2008 collapse? But the calls for privatization remain and I fear it turns into another legalized corporate socialist program like ObamaCare - legally forcing enrollment to boost subscribers and revenues for insurance companies.

The Wall Street bastards are salivating over the desire to get their hands on the trillions of dollars in the SS trust fund. I'm not sure what they will do to convince the people that their dirty hands deserve the cash vs. the dirty hands in Washington.