Wall street is looking for a new supply of suckers (oops, I mean money) to replace the money that the boomers will be pulling out.
This, IMO, is the biggest push behind the ‘privatize social security’ idea.
If they can sell the American sheeple on this idea, some or all of the new money going into Social Security will go directly to Wall Street and equities.
Another way of replacing the money that boomers are going to pull out of the markets is by offering amnesty to the 30 million illegal (oops, I mean undocumented) aliens currently in this country.
The push towards amnesty is going on right now.
From what I have read, all of the legislation currently being planned to address the illegal immigration issue includes some form of amnesty for these criminals (that’s right, criminals!).
30 million new people who can be sucked into the social security game, coerced to pay income taxes, etc.
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What are we going to do with all of these 3500+ sqft houses?
Now that’s a good question.
Matt Simmons is predicting that the current production of 84 million barrels of oil per day will drop to 20 million by the year 2020.
How much will energy cost at that point?
How many Americans will be able to afford the heat and A/C for 3500 sqft of housing?
Maybe the tree-huggers will do us all a favor and start burning down any house over 2000 sqft.
Now that would be creative destruction!
Some of the 3500+ sqft houses will be ready for tear-down before they are 20 years old. Talk about low quality trash! And people are paying $800K to $2 mil for this stuff! It’s mind-boggling!!!
