Now folks private retired, but with pensions "guaranteed" by wall street shenanigans and promises to pay huge bucks in the future..somehow....magically...another left handd ponzi scheme. "Stocks" don't make wealth, folks making things make wealth.
And that's in asia now. Them folks just ain't gonna keep producing near free stuff forever..they only did that whilst building up manufacturing potential..that's done, they did it.
Now pure welfare cases...and the ones to come from the chronically unemployed (say older with just a factory manufacturing background,factories poofed to asia, no other current marketable skills of note, no jobs coming for them at all)(plus young folks just entering the market, even with degrees..ain't enough jobs for them...join the military type jobs for most of them..whoops, more government workers plus supporting a single military person is like a million a year or more, who knows, a lot when it comes to fighting various wars). Only way to do that is...more taxes. There ain't no more borrowing going on in reality. The treasury printing t bills then the fed buying them, directly or through offshore shill proxies (no proof, bet they are doing it)..uh huh..c'mon.....more taxes.
--the US is so far beyond broke it ain't funny.
We are down to something ridiculous like only one in ten within the private sector will be actually working and producing wealth for everyone else who needs to live. A couple in there will be private sector "service" jobs..that don't produce wealth. And most likely that one wealth producing worker will be about the lowest paid of the bunch, and will be done to permanent temp status with no bennies and dismal pay.
It just slap ain't gonna work. It already isn't working, they are just running accounting tricks now to try and keep everything afloat.
1
Message Thread
« Back to index