Throughout this whole ordeal, I've balanced the axioms "trust the plan" and 'the end won't be for everyone" to assuage any personal discomfort I've had. I do believe and ascribe to WWG1WGA, but I'm responsible to a few people other than myself. I would have a hard time imagining a plan where retirees are left destitute when the cabal banking system is toppled. It's not quite as bad for the people who are currently working and pulling down an income, so long as their jobs aren't affected. But what about those who are retired or living on fixed-income? There has to be a shadow banking system in place that would replace the pyramid. I've always assumed that the phrase "the end won't be for everyone" to mean that some would die from the vaccines, or low-level collaborators would not enjoy the new system. I'd love to hear the thoughts of fellow pedes. I don't see the elderly starving as part of the plan, and not everyone can replace all of their invested wealth with precious minerals or commodities.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (17)
sorted by:
Are you talking about self-funded retirees, or vampiric retirees that voted for a bunch of socialist policies in their youth and punted the bill onto future generations? If it's the latter, I hope they end up destitute - and they likely will because their existence is supported by the cabal banking system. They'll have to go back to work.
For the non-leech retirees: A collapse of the monetary system wouldn't destroy all the wealth you have unless your wealth is all in fiat currency. The property and hard assets you own won't disappear. The way in which we measure the value of said property would just change as a new pricing system is introduced (whether by fiat or organically via a free market). Without cabal interference, the price of assets would rebalance - overvalued assets would price down, undervalued assets would price up.
So the question you have to ask yourself is, "what assets do I own?" and "are they overvalued due to cabal fuckery?". For example, if you are basing your retirement on the value of real estate you own, then you are likely going to take a significant haircut when it's repriced because the housing maket is overvalued due to cabal fuckery. You may want to diversify into undervalued assets.
The problem with the system is that is discourages personal accountability. The most punished people are usually the people not voting for these policies.
For context, I’m 42 and I figure that collectively my wife and I have paid about $1.1 million in income tax to date. On top of that I get hosed on sales tax, EI, CPP, property tax, etc, etc. Also, everything I buy is hyper inflated due to the tax and regulation that burdens the producers here. For just the income tax, basic investing could have turned that into over $2.5 M. We could be financially independent with potentially another 20 years of high-earning work to come.
Instead we’re barely saving anything and I’m stocking up basic supplies for an inevitable crash. I have my house 60% paid off but that won’t count for anything if things crash and it loses half of its value over night. A lot of this will come down to timing.
I look at someone who is retired and I can’t imagine what’s been taken from them over their lifetime. I’m surprised people are able to retire at all, but maybe you can do it if you got and paid off a house when it was cheaper. I guess my point is there probably aren’t a lot of what you’d term retirement “leeches”… more just a case of people that were screwed by the system for 60 years.
Spot on! I've sold all of my growth stocks with high Price/Earnings ratios and I'm buying shares of stocks that make money. Will also look at high dividend payers, although those are risky because the value will drop fast if the dividend is discontinued. Maybe some of the big utility companies. Keeping a good bit so I can buy good companies if shit hits the fan and panic selling crashes the market.
I agree with your statements regarding parasitic pension plans. I do not survive off of those. I'm a retail investor with assets in two major institutions - one of which was minorly affected by the collapse of SVB. I do have real estate assets and, yes, they are probably overvalued. But if I have to lower rent, that would mean goods and services would have to be reduced in price as well. I'm of the belief that there is a shadow economic system, just as there is a shadow government. It seems so utterly complex. I'm taking all the defensive measures I can, but I believe that your average retiree is not meant to be left high and dry.