Thursday , 25 July 2024

Life’s Great IF We Don’t Think About What Lies Ahead

Shouldn’t we give up and call an end to the entire fake, faulty and head-in-the-sandcorrupt process called government? After all, life’s great if we don’t think about what lies ahead. Let me explain.

The following email was sent to me recently by an anonymous reader:

The government continues to deficit finance on a huge scale and rate.  The numbers are fraudulent because the process allows special interests and ordinary citizens to pretend that all is well.  My point is that if interest rates were allowed by the FED to return to the 5%+ of the past 25 years, this budgetary scam would blow up tomorrow, given the $19 Trillion of current debt.
What is even more scary is that:
  1. none of the projections allows for a normal hard recession in the business cycle,
  2. worse yet, is the massive unfunded obligations for government employee and military pensions, unfunded Social Security, Medicare and Obamacare subsidies,
  3. perhaps the most egregious, is the US War Machine’s absolutely voracious appetite for ever larger appropriations in spite of the fact that the US War Machine annually spends the aggregate total of the next ten largest military spending nations combined. Totally unbelievable!
  4. Last, but certainly not least, is the FED and Treasury policy preference for zero (0) percent interest rates.
    • Pray tell, how do our private employee pension plans continue to remain solvent when our plans are forced for ‘prudent investment reasons’ to invest a large percentage in the highest rated ‘investment grade bonds’ which yield virtually no interest income anymore?
    • How will our pension plans pay us our pensions in the future?
    • Indeed, with a zero interest rate policy, what do all responsible persons do who try to save for their futures by ‘investing’ in CD’s and other fixed rate ‘safe’ investments?  Their savings can’t grow and their responsible behavior, designed to take them into and through retirement, is sabotaged by government policy.  
The baby boom generation, and those beyond, are being set up to exist during their ‘golden years’ in a state of penury.  The short shelf life span of those of us on the leading edge just might allow us to escape the consequences by being on the front benches of the grim reaper’s warehouse.
Life is indeed great if we don’t think too deeply about what lies ahead.
[The above comments were submitted by an anonymous reader and are presented by the editorial team of (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here) in a slightly edited ([ ]) and abridged (…) format to provide a fast and easy read.]
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