posted on Dec, 7 2012 @ 01:32 PM
reply to post by MystikMushroom
Okay, fair enough for a question.... and without a bit of sarcasm in my reply (because now you have me honestly curious if you've thought this out in
a real sense).
Let's say.... We wipe out 16 trillion in debt tomorrow...or whatever number we deem to erase. Some is public in that number and some is
private/international/inter-nation stuff, so erase would be different I'd guess.
In that, and by doing it, every retirement fund in the Western World has collapsed. I mean, overnight. Thats across the board and ALL of them.
Government, Union, Private...down to credit union. They would all fall within a business day or two, at most.
That means untold millions who had retirement ..and figured SS as a support tool and not a MEANS of support, then have absolutely nothing left but
Uncle's geneoristy and mercy to rely on for supporting themselves beyond their working years. In a keystroke, it will have taken the responsibility
of saving for retirement that millions HAVE down....and made them ALL 100% mooch-class folk off the Government.
Why? Because every retirement fund I have ever seen quarterly reports on has a % invested in bonds, treasuries and the like. All of them...without a
single exception. Something like CALPERS would implode instantly. No debate there at all.., *poof*.
So.. There is the downside. Enter your solution that has me so curious. In the financial ruins of a reset, what is being offered to replace the
retirement and support of the 'golden years' to 10's of millions? After all, the Baby Boomer math bomb is only just starting...and they ALL need
supported by us ...100% supported...if what they've saved is seized and stolen by the Government in a massive debt reset? How would you avoid
I know this worked in Iceland. Iceland however, has a population of 319,000 people. It doesn't even match most large U.S. cities for how many people
had to generally agree and go along to get along. Such a reset, in THAT form, can't translate from 319k to 330 Million. Just my opinion on comparing
those two. Although all being equal? I sure wish I'd lived in Iceland with an established home before their reset.