People in this country would rather drive late model cars and mortgage their future than save any money. Hence, there is no domestic source of money for investment. People are too interested in buying crap to impress others.
How are these idiots going to afford to retire? The government can’t print itself out of that mess, no matter how much the boomers scream about not being able to afford gourmet cat food. No fancy feast for you, Ms. Geezer. You bought granite countertops and a BMW when you were 45. Where’s your money?
