muses of the moment

June 26, 2012

Retirement planning

Filed under: Fiat Currency, Inflation, Odds 'n ends — totallygroovygirlfriday @ 1:04 am

Financialsense.com on its Newshour program put on an excellent audio on retirement. Listen twice, great questions to ask yourself/family for retirement planning.

Click here.

These are also excellent questions for someone staring at long-term unemployment/disability scenarios.

Before deciding on what investments to chose, you must understand how much you will need over the 30-plus years of retirement.

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4 Comments »

  1. GG,

    With the inevitable crash in the stock market (2015??) … wouldn’t it make sense that one could make a bundle shorting a number of stocks along the way … especially with banks/financials/etc.?

    I wouldn’t mind getting your input on the subject, possibly under its own title. I think the community here would be able to offer each other a lot of information in making up ones own mind. Thoughts?

    MM

    Comment by MikePhila — June 26, 2012 @ 1:38 pm

  2. MikePhila,

    I am not 100% convinced that 2015 will bring a stock market collapse. I am convinced that it will bring a currency crisis and debt-credit crisis more intense than we have seen so far. And the traditional government reaction will not work that time around. It is possible that a collapse in the bond market will cause all that capital to flee to stocks. But it is also possible that a currency collapse will cause stocks to rocket in “price” but not the real value in the currency.

    But either way, stocks lose value. However, shorting stocks in the above scenarios may or may not preserve your purchasing power.

    Groovygirl is leery of using traditional investment hedges and options during a major shift change like 2015. The more likely scenario is that volatility will rule and both things happen in a limited space of time. gg is much more interested in the value of the currency of an investment and how that might change in 2015, than the underlying investment.

    I am still very open to other readers opinions on what you have stated and what I just suggested. As I stated, I am just not sure what will happen in 2015 except extreme volatility.

    Other thoughts?

    gg

    Comment by totallygroovygirlfriday — June 26, 2012 @ 2:07 pm

  3. In case you missed it, Jim Quinn of The Burning Platform has written a three part series on “Who Destroyed the Middle Class”. A great read –

    http://www.theburningplatform.com/?p=36198

    “None of the solutions put forth by Obama or Romney will fix the problems facing the country today. They are two handpicked figureheads representing the same owners. Both political parties are responsible for the grotesque casino that passes for our financial system. These political hacks have been in alternating control of our government system for the last 150 years. They don’t want to come up with real solutions to the problems they created. The owners want obedient slaves, distracted by technology and shallow entertainment, subjugated by debt used to buy things they want but don’t need, believing waging wars in distant lands keeps us safe, and favoring the imprisonment of petty thieves and drug users while the grand thieves run the country and control our currency. Keeping the willfully ignorant masses in the dark and confused is a vital part of the plan. Debt is the ingredient that enriches the issuers and keeps the dupes in check. Wall Street bankers, Federal Reserve governors, captured financial “experts”, journalists paid by corporations, economists with an ideological agenda and bought off politicians all repeating the same theme with the same unquestioning, strident conviction is a sure sign that we are being played. The never ending series of titanic bailouts of Wall Street did not avert a catastrophic economic collapse. They protected the corporate fascists from experiencing the consequences of their monstrous predatory actions over the last few decades. And it was all done for money.” – Jim Quinn of The Burning Platform

    Comment by sw — June 27, 2012 @ 1:13 am

  4. SW,

    Excellent quote. I read a little of part 2 yesterday, but I haven’t read the whole series. Looks very good so far. I will try and get to it this weekend, put it up as a weekend read post.

    I think more and more people are understanding the two things that you and I (and other bloggers) have talked about for a while: Debt is slavery and government doesn’t have/will not have solutions.

    Thanks for the link,

    gg

    Comment by totallygroovygirlfriday — June 27, 2012 @ 10:48 am


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