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Old 08-28-2019, 05:55 PM   #21
gone traveling
 
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Quote:
Originally Posted by Theo View Post
As well as

Theres no capital restraint:



I suggest watching his protegete's face, that says it all!
.
I studied this money thing in the USA for decades.
What do most people get up in the a.m for?

Yes, to do business to make capital.
Banks actually do "make", fabricate money, via Debt.
Oooo yahhh....
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Old 08-28-2019, 06:26 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
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Quote:
Originally Posted by joeea View Post
Right.

If there there is nothing to buy and no workers to provide services, everyone would be screwed - not just retirees.

Call me crazy, but I'm betting there will always be things to buy and people to sell their services.

On the other hand, if I had all the money, I'd make sure you were all taken care of. Count on it.
Strictly speaking, there will most likely be goods and services to purchase, all the time. However, it does not mean it has to be at prices affordable to the masses.

I read that in Caracas even now, the rich people still party like nothing has happened.
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Old 08-29-2019, 12:27 PM   #23
Recycles dryer sheets
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My 2019 SSA statement shows that the trust fund will be able to pay 79% of benefits in 2034. The 2018 statement indicated 77%. So, yes, it appears that there has been some incremental improvement in the situation. If that 2% improvement continues every year, the fund would become balanced prior to the feared reductions in benefits.

Sorry to stick this silver lining around the dark cloud.
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