Did U Think The Ponzi Scheme Would Last?

Has China Become the U.S. Treasury's Best Friend?

"IF YOU WAIT LONG ENOUGH TO GET YOUR IRA MONEY OUT, MAYBE YOU'LL BE ABLE TO BUY A QUART OF LIQUOIR OR A SIX PACK OF BUD"

That's a whole other rant of mine: the gov't sponsored retirement programs are nothing more than a boomer trap. They put a little sugar in there and the ants walked right in. All those stored savings are now locked into the system and the trap has been sprung. People will now watch their life savings evaporate because 401ks do not allow direct investment in anything tangible like land or gold. You have to invest in financial instruments which are subject to fraud and are always denominated in USD so that inflation affects them. And now the final insult is nigh: the stock markets are crashing leaving only 1 place to hide: US treasuries!!! Who in their right mind wants to own US debt? But it's the only place to shelter your 401k from collapsing markets. The gov't has suceeded in getting all retirees to accept 2% interest on their money in a 7-10% inflation environment. This is nothing more than a tax on your retirement savings. The gov't want everyone to be penniless in their old age so that they will vote for more nanny state "something for nothing" "gimme a handout" socialistic gov't.