Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 10-18-2020, 03:59 PM   #61
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Koolau's Avatar
 
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 5,650
My puny brain can't comprehend the size of the debt nor whether it will be a major issue in my remaining life time. I think I worry more about the stuff "off the books" (the so-called unfunded, and dare I suggest underfunded "mandates.) You all know what they are. I think I read several years ago they added to something like $80 Tril. but it might have been more. If that was true then, I'm sure it's much more now.

In any case, the seeds of our own (money system) destruction were sown as soon as we officially went to fiat currency. It works until it doesn't. So many questions: How will it end (bang or whimper)? When will it end (our life times, kids life times, grandkids life times)? What will replace it (gold or other PM, different (new) fiat currency, someone else's fiat currency - heh, heh, there are no "backed" currencies that I'm aware of though NOT, NOT, NOT an expert.)? Will there be chaos, soft landing, hyper inflation, civil war, world war, intergalactic war (Wait! Scratch that!)?

As one of our resident glass half-empty posters, I'm leaning toward "bad" results and probably sooner than later, but, as always, YMMV.
__________________
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
Koolau is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Midlife 'Wealth Shock' May Lead to Death, Study Suggests flintnational Health and Early Retirement 31 04-06-2018 02:42 PM
Blood test : Calcium low, Vitamin D Low, Sodium low Lakewood90712 Health and Early Retirement 16 05-15-2016 05:07 PM
John Bogle Suggests International Investing will Lag MasterBlaster FIRE and Money 27 01-24-2014 07:33 PM
Big Mac Index Suggests that Dollar is Undervalued with Europe/Overvalued with Asia MasterBlaster FIRE and Money 2 07-27-2010 07:08 PM
? Need suggests for opportunities that are interesting/modivating during retirement. Lookin2Enjoy FIRE and Money 10 10-05-2008 07:50 PM

» Quick Links

 
All times are GMT -6. The time now is 07:08 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.