from DollarCollapse.com:
Here’s a wake-up call from Gary North of the Ludwig von Mises Institute on why our idea of retirement will turn out to be a cruel joke. A few quotes:
Social Security will go bankrupt…The average American is going to have a miserable retirement. There’s not much a recent retiree can do. They’ve walked into the trap and it has sprung on them. The greatest losers will be widows, who are almost completely unprepared for what will take place. For most children there will be no inheritance, and parents may become an economic liability on them years before they’re prepared.
for full article: http://dollarcollapse.com/articles/classic-videos-retirement-armageddon/
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June 26, 2010 at 12:36 pm
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June 26, 2010 at 8:47 pm
gumply
It is nice of him to admit it about a year and a half later. Those of us with their brains in gear saw the writing on the wall when Bush and Paulson did their war dance over the financial catastrophe that would happen if we didn’t bailout the to big to fails. My thirteen year old granddaughter knew it was coming that doesn’t say to much for our financial guru’s does it.
Pardon me while I vomit. Cowards and traitors everywhere we look and it doesn’t seem to be letting up. I don’t know how they can look at their face in the mirror every morning never mind getting on National TV and pretending like they are enlightening us.
Did you ever realize just how many narcisstic frauds we have running around?