Home › Forums › Financial Markets/Economics › European nations begin seizing private pensions
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CA renter.
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May 11, 2011 at 8:51 PM #695860May 12, 2011 at 1:55 AM #694754
CA renter
Participant[quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless, you tend not to worry about what happens after you die. For the rest of us, it matters greatly.
Just an interesting observation that helps explain why you think all the intervention “saved” us. It didn’t, and perhaps you know that, but you (and/or your children — since you don’t have any) don’t plan on being around to suffer the consequences, apparently.
Better start eating more junk food. 😉
May 12, 2011 at 1:55 AM #694840Participant[quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless, you tend not to worry about what happens after you die. For the rest of us, it matters greatly.
Just an interesting observation that helps explain why you think all the intervention “saved” us. It didn’t, and perhaps you know that, but you (and/or your children — since you don’t have any) don’t plan on being around to suffer the consequences, apparently.
Better start eating more junk food. 😉
May 12, 2011 at 1:55 AM #695443Participant[quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless, you tend not to worry about what happens after you die. For the rest of us, it matters greatly.
Just an interesting observation that helps explain why you think all the intervention “saved” us. It didn’t, and perhaps you know that, but you (and/or your children — since you don’t have any) don’t plan on being around to suffer the consequences, apparently.
Better start eating more junk food. 😉
May 12, 2011 at 1:55 AM #695590Participant[quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless, you tend not to worry about what happens after you die. For the rest of us, it matters greatly.
Just an interesting observation that helps explain why you think all the intervention “saved” us. It didn’t, and perhaps you know that, but you (and/or your children — since you don’t have any) don’t plan on being around to suffer the consequences, apparently.
Better start eating more junk food. 😉
May 12, 2011 at 1:55 AM #695945Participant[quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless, you tend not to worry about what happens after you die. For the rest of us, it matters greatly.
Just an interesting observation that helps explain why you think all the intervention “saved” us. It didn’t, and perhaps you know that, but you (and/or your children — since you don’t have any) don’t plan on being around to suffer the consequences, apparently.
Better start eating more junk food. 😉
May 12, 2011 at 8:23 AM #694794
Rich ToscanoKeymaster[quote=CA renter][quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless…[/quote]
That’s not even in the issue, in my opinion. There is no chance that things will be better 20 years from now because people’s 401ks were propped up today. Long-term prosperity is based on productivity growth, and the stuff of this bailout (unsound money, massive debt accrual and deficits, handouts to incompetent and semi-corrupt companies that should have gone bankrupt, etc etc)… that’s not good for productivity growth.
May 12, 2011 at 8:23 AM #694880Rich ToscanoKeymaster[quote=CA renter][quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless…[/quote]
That’s not even in the issue, in my opinion. There is no chance that things will be better 20 years from now because people’s 401ks were propped up today. Long-term prosperity is based on productivity growth, and the stuff of this bailout (unsound money, massive debt accrual and deficits, handouts to incompetent and semi-corrupt companies that should have gone bankrupt, etc etc)… that’s not good for productivity growth.
May 12, 2011 at 8:23 AM #695483Rich ToscanoKeymaster[quote=CA renter][quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless…[/quote]
That’s not even in the issue, in my opinion. There is no chance that things will be better 20 years from now because people’s 401ks were propped up today. Long-term prosperity is based on productivity growth, and the stuff of this bailout (unsound money, massive debt accrual and deficits, handouts to incompetent and semi-corrupt companies that should have gone bankrupt, etc etc)… that’s not good for productivity growth.
May 12, 2011 at 8:23 AM #695630Rich ToscanoKeymaster[quote=CA renter][quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless…[/quote]
That’s not even in the issue, in my opinion. There is no chance that things will be better 20 years from now because people’s 401ks were propped up today. Long-term prosperity is based on productivity growth, and the stuff of this bailout (unsound money, massive debt accrual and deficits, handouts to incompetent and semi-corrupt companies that should have gone bankrupt, etc etc)… that’s not good for productivity growth.
May 12, 2011 at 8:23 AM #695986Rich ToscanoKeymaster[quote=CA renter][quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless…[/quote]
That’s not even in the issue, in my opinion. There is no chance that things will be better 20 years from now because people’s 401ks were propped up today. Long-term prosperity is based on productivity growth, and the stuff of this bailout (unsound money, massive debt accrual and deficits, handouts to incompetent and semi-corrupt companies that should have gone bankrupt, etc etc)… that’s not good for productivity growth.
May 12, 2011 at 9:09 AM #694819briansd1
GuestCA renter, I plan on being around another 60 years to 70 years, possibly more if there are good medical advances. 😉
Mabye I’ll adopt a child from Cambodia and give him my money or my debts, and our cummulative debts.
We will need population growth to pay for the debts for sure.
Time will tell…
May 12, 2011 at 9:09 AM #694905GuestCA renter, I plan on being around another 60 years to 70 years, possibly more if there are good medical advances. 😉
Mabye I’ll adopt a child from Cambodia and give him my money or my debts, and our cummulative debts.
We will need population growth to pay for the debts for sure.
Time will tell…
May 12, 2011 at 9:09 AM #695508GuestCA renter, I plan on being around another 60 years to 70 years, possibly more if there are good medical advances. 😉
Mabye I’ll adopt a child from Cambodia and give him my money or my debts, and our cummulative debts.
We will need population growth to pay for the debts for sure.
Time will tell…
May 12, 2011 at 9:09 AM #695655GuestCA renter, I plan on being around another 60 years to 70 years, possibly more if there are good medical advances. 😉
Mabye I’ll adopt a child from Cambodia and give him my money or my debts, and our cummulative debts.
We will need population growth to pay for the debts for sure.
Time will tell…
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