Loading ...I have mentioned occasionally since gold eagle days about the fed being in the box on retirement plans. With baby boomers coming on strong into retirement, plans are being stretched to stay solvent. Most actuaries agree that a plan must earn 8% throughout the life to be fully funded. Many plans today are less than 70% funded. That means the late retiring baby boomers will get shafted. The fed has to figure out a way to get interest rates back up so the funds can exit the stock market and get back into the bond market without crashing the stock market and the housing market. A very thin tightrope! Inflation may be the only way out of the trap. Living standards will continue to decline as wages and benefits begin to stagnate worldwide to inflate away the debt. I can’t believe the ponzi scheme has lasted this long but all ponzi schemes continue until somebody wants to make a withdrawal that the money holders can’t cover.
Aguila, Tom glad to see you back. Carpio asked about you a couple of weeks ago.
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