Comments on Sami J. Karam's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/sami-j-karam/articles http://seekingalpha.com/article/146571-poor-demographic-prospects-point-to-higher-gold-price?source=feed#comment-572271 572271 For socalled experts to talk about deflation shows why the world > has got a BIG problem, the only way the money printing can be repaid > is with inflation as that will make the debts smaller. > In my opinion it will take at least 10 years for the economies to > recover from the last 30 years of expert advise from experts that > know less than the entrepreneurs who unfortunately listened to the > so called experts. > > Gold has to rise considerably because of the foregoing.]]> Thu, 02 Jul 2009 18:42:47 -0400

On Jul 02 12:47 PM joevans wrote:

> For socalled experts to talk about deflation shows why the world
> has got a BIG problem, the only way the money printing can be repaid
> is with inflation as that will make the debts smaller.
> In my opinion it will take at least 10 years for the economies to
> recover from the last 30 years of expert advise from experts that
> know less than the entrepreneurs who unfortunately listened to the
> so called experts.
>
> Gold has to rise considerably because of the foregoing.]]> http://seekingalpha.com/article/146571-poor-demographic-prospects-point-to-higher-gold-price?source=feed#comment-571822 571822 Thu, 02 Jul 2009 13:17:16 -0400
So, the boomers *should* be selling gold at this point of their life. However, the reality is that they *should* have - but never did -bought more metals and other tangible assets, rather than hock themselves into debt as they've actually done.

Thus, the supply of boomer metals for sale is not at the high cycle it should be.

Instead, the latent demand for metals/hard assets from the next two generations will increase as they realize the mistake their parents and grandparents made and be forced to choose savings/hard assets over debt/paper. ]]> http://seekingalpha.com/article/146571-poor-demographic-prospects-point-to-higher-gold-price?source=feed#comment-571776 571776 Thu, 02 Jul 2009 12:47:55 -0400 In my opinion it will take at least 10 years for the economies to recover from the last 30 years of expert advise from experts that know less than the entrepreneurs who unfortunately listened to the so called experts.

Gold has to rise considerably because of the foregoing.]]> http://seekingalpha.com/article/146571-poor-demographic-prospects-point-to-higher-gold-price?source=feed#comment-571498 571498 Thu, 02 Jul 2009 10:55:03 -0400 http://seekingalpha.com/article/146571-poor-demographic-prospects-point-to-higher-gold-price?source=feed#comment-571440 571440 Thu, 02 Jul 2009 10:18:01 -0400
Your reference to the 1970s ("...The last period which saw the size of this bracket stagnate was the 1970s...") is very appropriate. From 1970-1979, despite double digit inflation rates, the nominal value of U.S. equities rose an average of only 1.6% per year and gold went up from roughly $50 to roughly $600 (greater than 25% annually).

The ten years 2010-2019 are going to "rhyme" with the 1970s sort of like Beethoven's 9th rhymes with a Haydn symphony. Same general form, but much louder and longer this time.]]> http://seekingalpha.com/article/146571-poor-demographic-prospects-point-to-higher-gold-price?source=feed#comment-571369 571369 Thu, 02 Jul 2009 09:37:35 -0400 http://seekingalpha.com/article/146571-poor-demographic-prospects-point-to-higher-gold-price?source=feed#comment-571092 571092 Thu, 02 Jul 2009 04:50:38 -0400
This alone may have the effect of putting greater stress on the Bullion itself If the IMF isn't going to go the Gold Sale route.

From the recent ads I've seen, for some reason or other some scrap gold purchasers are offering 20% more cash back if Scrap Gold is sent before July 4th. Why are Gold Coin ads from the Perth Mint surfacing here in the USA.

In other words, demand seems to be on the verge of surging but I do not have a clue as to Why it would be Now.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-343693 343693 Thu, 01 Jan 2009 17:26:38 -0500 http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-323729 323729 Mon, 08 Dec 2008 10:14:11 -0500
The fact of the matter is America is the "ultimate gated community" in terms of people trying to get in. It is in fact American Dollars that are being funneled out of the country either through oil transfers to the middle east or through the walmart effect of industry. Trillions are sitting in the sidelines in Asia (China & India) or the Middle East and even in Russia (the recent oil boom and gas shipments to EU).

The problem is not "too much" immigration, its not enough of the right immigration. Fill the empty homes, refund the banks and financial institutions, and get the economy back on track through high income, high talented, risk taking, willing contributors to American values (and the economy). Give the 1,000,000 Squared plan a chance to work. ]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-321007 321007 I do not disagree but I will say this: There is nothing new under > the sun. The people of the Roaring Twenties were not much different. > By 1946 they were called the Greatest Generation. I had to think > a lot about leaving the country in 2007 to avoid the pain. Nope, > not doing it. If America was such a horrid place to be why is it > that people globally still wish to exodus there own nations to come > here? However, there truly is a leadership vaccum as that 1960's > crowd has taken over Washington with there baked right out (literally) > idealogies. I see emerging leadership my own age of 35-40 stepping > up, although we're locked out for a short time to make a larger impact > in the short term. I see gentlemen that are 75+ in the business community > giving a huge final push to help America. It's not all bleak and > I am getting a bit tired of the globe trashing America. Without us > you would all be speaking German or Russian. Have a nice day.
]]> Thu, 04 Dec 2008 14:25:36 -0500



On Dec 03 11:34 AM iThinkBig wrote:

> I do not disagree but I will say this: There is nothing new under
> the sun. The people of the Roaring Twenties were not much different.
> By 1946 they were called the Greatest Generation. I had to think
> a lot about leaving the country in 2007 to avoid the pain. Nope,
> not doing it. If America was such a horrid place to be why is it
> that people globally still wish to exodus there own nations to come
> here? However, there truly is a leadership vaccum as that 1960's
> crowd has taken over Washington with there baked right out (literally)
> idealogies. I see emerging leadership my own age of 35-40 stepping
> up, although we're locked out for a short time to make a larger impact
> in the short term. I see gentlemen that are 75+ in the business community
> giving a huge final push to help America. It's not all bleak and
> I am getting a bit tired of the globe trashing America. Without us
> you would all be speaking German or Russian. Have a nice day.
]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-320404 320404 Wed, 03 Dec 2008 22:28:27 -0500
Live cheap, save, and try to get a side business going. You're unlikely to age discriminate against yourself.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-320335 320335 Wed, 03 Dec 2008 19:43:28 -0500
1) You reap what you sow.
2) There's nothing new under the sun.
3) Welcome productive immigrants (that includes most Mexicans).
4) More unsafe sex.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-320309 320309 abortion and artificial birth control --> lower producing population, and less productive population at that. 2) Entitlement government --> lack of personal responsibility and initiative. It's too late to prevent some of the effects, but we can do something about both going forward. Let's start with ending entitlement government. That means complete tax overhaul and a Balanced Budget Amendment. fairtax.org ]]> Wed, 03 Dec 2008 19:02:59 -0500 1) Lowered morals --> abortion and artificial birth control --> lower producing population, and less productive population at that.
2) Entitlement government --> lack of personal responsibility and initiative.

It's too late to prevent some of the effects, but we can do something about both going forward. Let's start with ending entitlement government. That means complete tax overhaul and a Balanced Budget Amendment.

fairtax.org
]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-320304 320304 Bush economics trampled the middle class. Obama's new administration > will need to create a plan that invests in America's future and creates > real jobs at home. How are the younger generation going to support > the Boomers if we don't have any opportunities to obtain real jobs? > Free trade sucks.]]> Wed, 03 Dec 2008 18:58:17 -0500

On Dec 03 08:56 AM Filet Mignon wrote:

> Bush economics trampled the middle class. Obama's new administration
> will need to create a plan that invests in America's future and creates
> real jobs at home. How are the younger generation going to support
> the Boomers if we don't have any opportunities to obtain real jobs?
> Free trade sucks.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-320238 320238 Wed, 03 Dec 2008 17:10:54 -0500
For example, educated, well-trained people could be induced to work into their seventies, at least part time, by good salaries and good work conditions and remain productive much longer than they do now.

Also, it isn't a bad thing for young people to be, more or less, unproductive as long as the result is highly productive citizens capable of participating in the American democracy and economy.

We are not training young people well-enough from elementary school through college. In fact, a very large percentage of the American adult population aren't even able to read and write and do simple calculations.

A further good use of unproductive, retired people would be to bring a certain percentage of them into the educational system while allowing them to continue to draw all retirement benefits but give them a smaller salary than ordinary teachers to keep attracting good young teachers.

It would also be easy to have better tax system to encourage families to have more children. Families would also be encouraged to have more children if we provided free education for all students who can pass rigorous exams similar to those of various European countries.

(Free education for everyone at all levels is not economically feasible, of course, and unmotivated, untalented and disruptive students need to be dealt with very carefully and intelligently. Thus problem is one of the great unsolved problems of America and of most other industrialized societies as well.)

]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-320085 320085 Since the mid-'60's, left wing liberals have been allowed by federal > law to alter how and what our children are taught in school. These > kids were also taught that there is no shame or social consequence > for nonconformist or abberant behavior that would have caused them > and their families severe social and personal problems only a generation > earlier. This was seen as "modern" and self-empowering. > > Any adult with a brain knew this was wrong for our kids from the > very beginning, but it was shocking to see how many citizens and > our gov't bought into this "revised" educational agenda which was > introduced to America by teachers who would have been seen as treacherous > communists just a few years earlier. Of course, the kids loved it! > It meant they could be antisocial, stupid, ignorant, fat, lazy, dirty > and sloppy and it was seen as OK by other kids and even all of society! > No shame at all. Look what has happened from that purposeful agenda. > We now have among the worst educated kids in the world, a catastrophic > drop from the best in the 50's. We now have pervasive child obesity > right down to kindergarten, massive unwed and child pregnancies due > to essentially free and open sex, violent criminals stalking the > streets after minimal sentences for horrendous crimes, drugs, criminal > chic tattoos and body piercings everywhere, and socially damaging, > abberant juvenile behavior with no consequences now accepted as "age > appropriate" in newspeak sociobabble. We have also created "alternative"... > schools for the worst antisocial, drug addicted, and serious mental > problem kids where they are taught nothing and are pushed through > to pollute the system still illiterate and ignorant and essentially > worthless and harmful to themselves and society. > > With all these purposeful negative influences from this pervasive > and now-accepted near insanity we have placed into the minds of our > kids and society, we have all the building blocks solidly in place > for a failed social system sooner than you may think. So, good luck > with that in today's America! Many of you well deserve what is coming.]]> Wed, 03 Dec 2008 14:17:29 -0500 B. all these, 'things were better in the past' monologues are a load of crap - about as true as saying 'I had to walk 10 miles to school through a foot of snow when I was a kid'
C. my kids go to public school in a middle class community and I don't see any of that, the teachers are dedicated and the kids are respectful and work hard.


On Dec 03 10:53 AM bobbobwhite wrote:

> Since the mid-'60's, left wing liberals have been allowed by federal
> law to alter how and what our children are taught in school. These
> kids were also taught that there is no shame or social consequence
> for nonconformist or abberant behavior that would have caused them
> and their families severe social and personal problems only a generation
> earlier. This was seen as "modern" and self-empowering.
>
> Any adult with a brain knew this was wrong for our kids from the
> very beginning, but it was shocking to see how many citizens and
> our gov't bought into this "revised" educational agenda which was
> introduced to America by teachers who would have been seen as treacherous
> communists just a few years earlier. Of course, the kids loved it!
> It meant they could be antisocial, stupid, ignorant, fat, lazy, dirty
> and sloppy and it was seen as OK by other kids and even all of society!
> No shame at all. Look what has happened from that purposeful agenda.
> We now have among the worst educated kids in the world, a catastrophic
> drop from the best in the 50's. We now have pervasive child obesity
> right down to kindergarten, massive unwed and child pregnancies due
> to essentially free and open sex, violent criminals stalking the
> streets after minimal sentences for horrendous crimes, drugs, criminal
> chic tattoos and body piercings everywhere, and socially damaging,
> abberant juvenile behavior with no consequences now accepted as "age
> appropriate" in newspeak sociobabble. We have also created "alternative"...
> schools for the worst antisocial, drug addicted, and serious mental
> problem kids where they are taught nothing and are pushed through
> to pollute the system still illiterate and ignorant and essentially
> worthless and harmful to themselves and society.
>
> With all these purposeful negative influences from this pervasive
> and now-accepted near insanity we have placed into the minds of our
> kids and society, we have all the building blocks solidly in place
> for a failed social system sooner than you may think. So, good luck
> with that in today's America! Many of you well deserve what is coming.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-319947 319947 Wed, 03 Dec 2008 12:16:26 -0500
With the loss of retirement funds of late, many older Americans will stay on the job longer to increase savings and make their savings last longer. Some wil stay in upper management slots.

This will result in fewer of the younger workers being promoted into those upper management slots until several years later. Careers will stagnate for the younger crowd because the older crowd won't retire "on schedule".]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-319896 319896 Since the mid-'60's, left wing liberals have been allowed by federal > law to alter how and what our children are taught in school. These > kids were also taught that there is no shame or social consequence > for nonconformist or abberant behavior that would have caused them > and their families severe social and personal problems only a generation > earlier. This was seen as "modern" and self-empowering. > > Any adult with a brain knew this was wrong for our kids from the > very beginning, but it was shocking to see how many citizens and > our gov't bought into this "revised" educational agenda which was > introduced to America by teachers who would have been seen as treacherous > communists just a few years earlier. Of course, the kids loved it! > It meant they could be antisocial, stupid, ignorant, fat, lazy, dirty > and sloppy and it was seen as OK by other kids and even all of society! > No shame at all. Look what has happened from that purposeful agenda. > We now have among the worst educated kids in the world, a catastrophic > drop from the best in the 50's. We now have pervasive child obesity > right down to kindergarten, massive unwed and child pregnancies due > to essentially free and open sex, violent criminals stalking the > streets after minimal sentences for horrendous crimes, drugs, criminal > chic tattoos and body piercings everywhere, and socially damaging, > abberant juvenile behavior with no consequences now accepted as "age > appropriate" in newspeak sociobabble. We have also created "alternative"... > schools for the worst antisocial, drug addicted, and serious mental > problem kids where they are taught nothing and are pushed through > to pollute the system still illiterate and ignorant and essentially > worthless and harmful to themselves and society. > > With all these purposeful negative influences from this pervasive > and now-accepted near insanity we have placed into the minds of our > kids and society, we have all the building blocks solidly in place > for a failed social system sooner than you may think. So, good luck > with that in today's America! Many of you well deserve what is coming.]]> Wed, 03 Dec 2008 11:34:55 -0500

On Dec 03 10:53 AM bobbobwhite wrote:

> Since the mid-'60's, left wing liberals have been allowed by federal
> law to alter how and what our children are taught in school. These
> kids were also taught that there is no shame or social consequence
> for nonconformist or abberant behavior that would have caused them
> and their families severe social and personal problems only a generation
> earlier. This was seen as "modern" and self-empowering.
>
> Any adult with a brain knew this was wrong for our kids from the
> very beginning, but it was shocking to see how many citizens and
> our gov't bought into this "revised" educational agenda which was
> introduced to America by teachers who would have been seen as treacherous
> communists just a few years earlier. Of course, the kids loved it!
> It meant they could be antisocial, stupid, ignorant, fat, lazy, dirty
> and sloppy and it was seen as OK by other kids and even all of society!
> No shame at all. Look what has happened from that purposeful agenda.
> We now have among the worst educated kids in the world, a catastrophic
> drop from the best in the 50's. We now have pervasive child obesity
> right down to kindergarten, massive unwed and child pregnancies due
> to essentially free and open sex, violent criminals stalking the
> streets after minimal sentences for horrendous crimes, drugs, criminal
> chic tattoos and body piercings everywhere, and socially damaging,
> abberant juvenile behavior with no consequences now accepted as "age
> appropriate" in newspeak sociobabble. We have also created "alternative"...
> schools for the worst antisocial, drug addicted, and serious mental
> problem kids where they are taught nothing and are pushed through
> to pollute the system still illiterate and ignorant and essentially
> worthless and harmful to themselves and society.
>
> With all these purposeful negative influences from this pervasive
> and now-accepted near insanity we have placed into the minds of our
> kids and society, we have all the building blocks solidly in place
> for a failed social system sooner than you may think. So, good luck
> with that in today's America! Many of you well deserve what is coming.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-319885 319885 < counterparts of previous generations.>> > > Nice article. > Just one problem: There is no baby boomer retirement savings. or > wealth. > > It is all a media created myth to keep the public throwing their > money at an industry that does not "manage" assets. They "gather" > assets. > > An extensive study of baby boomers was done and released approx 3 > months ago. Here is what they found: > > 50% of baby boomers will rely soley on social Security for retirement. > > 30% of baby boomers have $100K or less for retirement. > 10% of baby boomers have $200K or less for retirement. > The last 10% have $200K or more towards retirement. > > For years, the smart ones among us have known that the top 10% of > this country controls 90% of its net worth. That applies to baby > boomers as well. > > And if you think that baby boomers selling their residences is going > to make up the difference, think again. Baby boomers mortgaged their > lives away just like non baby boomers, so essentially many have little > equity in their homes anyway. > > I made a statement to a friend last year that I know is going to > come true. > Is it a sad statement: > > "Over the coming 25 years, you are going to see levels of senior > citizen poverty, that is going to make the depression look like a > picnic." > > Sad, but true. The media has failed at its attempt to fool people > about all this "baby boomer wealth". Just watch as it unfolds.
> > Invest accordingly.]]> Wed, 03 Dec 2008 11:23:24 -0500

On Dec 03 08:30 AM archman82011 wrote:

> <> counterparts of previous generations.>>
>
> Nice article.
> Just one problem: There is no baby boomer retirement savings. or
> wealth.
>
> It is all a media created myth to keep the public throwing their
> money at an industry that does not "manage" assets. They "gather"
> assets.
>
> An extensive study of baby boomers was done and released approx 3
> months ago. Here is what they found:
>
> 50% of baby boomers will rely soley on social Security for retirement.
>
> 30% of baby boomers have $100K or less for retirement.
> 10% of baby boomers have $200K or less for retirement.
> The last 10% have $200K or more towards retirement.
>
> For years, the smart ones among us have known that the top 10% of
> this country controls 90% of its net worth. That applies to baby
> boomers as well.
>
> And if you think that baby boomers selling their residences is going
> to make up the difference, think again. Baby boomers mortgaged their
> lives away just like non baby boomers, so essentially many have little
> equity in their homes anyway.
>
> I made a statement to a friend last year that I know is going to
> come true.
> Is it a sad statement:
>
> "Over the coming 25 years, you are going to see levels of senior
> citizen poverty, that is going to make the depression look like a
> picnic."
>
> Sad, but true. The media has failed at its attempt to fool people
> about all this "baby boomer wealth". Just watch as it unfolds.

>
> Invest accordingly.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-319838 319838 Wed, 03 Dec 2008 10:53:17 -0500
Any adult with a brain knew this was wrong for our kids from the very beginning, but it was shocking to see how many citizens and our gov't bought into this "revised" educational agenda which was introduced to America by teachers who would have been seen as treacherous communists just a few years earlier. Of course, the kids loved it! It meant they could be antisocial, stupid, ignorant, fat, lazy, dirty and sloppy and it was seen as OK by other kids and even all of society! No shame at all. Look what has happened from that purposeful agenda. We now have among the worst educated kids in the world, a catastrophic drop from the best in the 50's. We now have pervasive child obesity right down to kindergarten, massive unwed and child pregnancies due to essentially free and open sex, violent criminals stalking the streets after minimal sentences for horrendous crimes, drugs, criminal chic tattoos and body piercings everywhere, and socially damaging, abberant juvenile behavior with no consequences now accepted as "age appropriate" in newspeak sociobabble. We have also created "alternative" schools for the worst antisocial, drug addicted, and serious mental problem kids where they are taught nothing and are pushed through to pollute the system still illiterate and ignorant and essentially worthless and harmful to themselves and society.

With all these purposeful negative influences from this pervasive and now-accepted near insanity we have placed into the minds of our kids and society, we have all the building blocks solidly in place for a failed social system sooner than you may think. So, good luck with that in today's America! Many of you well deserve what is coming.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-319828 319828 Wed, 03 Dec 2008 10:48:39 -0500 ]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-319814 319814 Archman, how pessimistic, but true! Baby Boomers have all their wealth > tied up in their homes. Good luck to them trying to cash out any > equity. All of the remaining wealth created the past 30 years has > been transferred to the rich. The middle class has the debt to prove > it. And the rich have transferred all of the good jobs overseas to > get richer! And it's all our fault for letting our elected representatives > pass laws to make this happen. It destroyed our standard of living. > > > Bush economics trampled the middle class. Obama's new administration > will need to create a plan that invests in America's future and creates > real jobs at home. How are the younger generation going to support > the Boomers if we don't have any opportunities to obtain real jobs? > Free trade sucks.]]> Wed, 03 Dec 2008 10:37:47 -0500 Hey, Filet Mignon!!
Change your name to: Envious of 'Filet Mignon'

Again!!!
Another disenfranchised middle-class Dumbocrat, who started to show
cognitive thought until politics got in the way.

Yes, many (a high %) baby-boomers have no real equity; but they spent
it away! They buy depreciating assets (cars, TV's, ipods, etc.) on credit and save nothing. Now, again it is somebody else's fault!
Those middle class (uneducated - nonskilled labor) have transferred jobs
overseas; when an entreprenuer can get the same quality from someone willing to accept 10% of the pay, he/she will take it. Remember, it is their (equity - investment) that created that job in the first place (not a gov't stimulus).
Therefore, free trade sucks for the uneducated!

You are not all uneducated though, you are right that the pol's have
screwed us. However, we have known this for a long time.
I suggest you stay in the work line at your employer and not the line for
a gov't (bailout, stimulus, food stamps, etc.) the latter is the transfer of
wealth that does not work!!!!!!!!!!!!!!


On Dec 03 08:56 AM Filet Mignon wrote:

> Archman, how pessimistic, but true! Baby Boomers have all their wealth
> tied up in their homes. Good luck to them trying to cash out any
> equity. All of the remaining wealth created the past 30 years has
> been transferred to the rich. The middle class has the debt to prove
> it. And the rich have transferred all of the good jobs overseas to
> get richer! And it's all our fault for letting our elected representatives
> pass laws to make this happen. It destroyed our standard of living.
>
>
> Bush economics trampled the middle class. Obama's new administration
> will need to create a plan that invests in America's future and creates
> real jobs at home. How are the younger generation going to support
> the Boomers if we don't have any opportunities to obtain real jobs?
> Free trade sucks.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-319669 319669 Wed, 03 Dec 2008 08:56:05 -0500
Bush economics trampled the middle class. Obama's new administration will need to create a plan that invests in America's future and creates real jobs at home. How are the younger generation going to support the Boomers if we don't have any opportunities to obtain real jobs? Free trade sucks.]]> http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-319657 319657 Wed, 03 Dec 2008 08:46:58 -0500 http://seekingalpha.com/article/108929-our-growing-inactive-population-demographics-and-the-economy?source=feed#comment-319638 319638 > Nice article. Just one problem: There is no baby boomer retirement savings. or wealth. It is all a media created myth to keep the public throwing their money at an industry that does not "manage" assets. They "gather" assets. An extensive study of baby boomers was done and released approx 3 months ago. Here is what they found: 50% of baby boomers will rely soley on social Security for retirement. 30% of baby boomers have $100K or less for retirement. 10% of baby boomers have $200K or less for retirement. The last 10% have $200K or more towards retirement. For years, the smart ones among us have known that the top 10% of this country controls 90% of its net worth. That applies to baby boomers as well. And if you think that baby boomers selling their residences is going to make up the difference, think again. Baby boomers mortgaged their lives away just like non baby boomers, so essentially many have little equity in their homes anyway. I made a statement to a friend last year that I know is going to come true. Is it a sad statement: "Over the coming 25 years, you are going to see levels of senior citizen poverty, that is going to make the depression look like a picnic." Sad, but true. The media has failed at its attempt to fool people about all this "baby boomer wealth". Just watch as it unfolds. Invest accordingly.]]> Wed, 03 Dec 2008 08:30:14 -0500 >

Nice article.
Just one problem: There is no baby boomer retirement savings. or wealth.

It is all a media created myth to keep the public throwing their money at an industry that does not "manage" assets. They "gather" assets.

An extensive study of baby boomers was done and released approx 3 months ago. Here is what they found:

50% of baby boomers will rely soley on social Security for retirement.
30% of baby boomers have $100K or less for retirement.
10% of baby boomers have $200K or less for retirement.
The last 10% have $200K or more towards retirement.

For years, the smart ones among us have known that the top 10% of this country controls 90% of its net worth. That applies to baby boomers as well.

And if you think that baby boomers selling their residences is going to make up the difference, think again. Baby boomers mortgaged their lives away just like non baby boomers, so essentially many have little equity in their homes anyway.

I made a statement to a friend last year that I know is going to come true.
Is it a sad statement:

"Over the coming 25 years, you are going to see levels of senior citizen poverty, that is going to make the depression look like a picnic."

Sad, but true. The media has failed at its attempt to fool people about all this "baby boomer wealth". Just watch as it unfolds.

Invest accordingly.]]> http://seekingalpha.com/article/61645-only-gold-can-replace-the-greenback-as-the-world-s-reserve-currency?source=feed#comment-113134 113134 Sun, 27 Jan 2008 23:21:17 -0500 http://seekingalpha.com/article/61645-only-gold-can-replace-the-greenback-as-the-world-s-reserve-currency?source=feed#comment-112904 112904 Fri, 25 Jan 2008 20:59:29 -0500 http://seekingalpha.com/article/61645-only-gold-can-replace-the-greenback-as-the-world-s-reserve-currency?source=feed#comment-112847 112847 Fri, 25 Jan 2008 14:55:31 -0500
Based on the buckling Bernanke's peformance this week. I know what currency I would like to hold my reserves in. ]]> http://seekingalpha.com/article/61645-only-gold-can-replace-the-greenback-as-the-world-s-reserve-currency?source=feed#comment-112803 112803 Fri, 25 Jan 2008 12:27:31 -0500
Oil will not be denominated in Euros any time soon.]]>